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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net Income $ 46,088 $ 52,523
Adjustments to reconcile net income to net cash provided by operating activities:    
Originations of mortgage loans held for sale (130,725) (359,842)
Proceeds from the sale of mortgage loans 134,597 400,812
Gain on sale of mortgage loans, net of origination costs (2,948) (11,260)
Provision (credit) for credit losses 4,034 (4,420)
Depreciation and amortization expense 2,638 2,779
Investment securities amortization and accretion, net 3,118 5,238
Stock-based compensation expense 2,039 2,007
Amortization of core deposit intangible assets 469 491
Purchase accounting accretion, net (197) (589)
Net gain on sale of premises and equipment (204) 0
Net decrease in derivative collateral posted 30,470 25,090
(Increase) decrease in other assets (765) 2,827
Decrease in other liabilities (3,899) (3,994)
Net cash provided by operating activities 84,715 111,662
Investing Activities    
Proceeds from available-for-sale debt securities 160,708 248,186
Purchase of available-for-sale debt securities 80,868 618,744
Proceeds from paydowns of held-to-maturity securities 15,192 0
Purchase of held-to-maturity securities (24,502) 0
Net increase in loans (429,948) (95,720)
Purchase of Federal Home Loan Bank stock (29,104) (68)
Proceeds from sale of Federal Home Loan Bank stock 24,276 1,329
Purchase of premises and equipment 1,348 1,549
Proceeds from the sale of premises and equipment 466 0
Recoveries of previously charged-off loans 437 272
Proceeds from the sale of other real estate owned 287 465
Net cash used in investing activities (364,404) (465,829)
Financing Activities    
Net (decrease) increase in deposits (40,285) 599,936
Net proceeds from borrowings less than 90 days 209,493 49,113
Repayments of Federal Home Loan Bank long-term advances 0 25,000
Repayment of subordinated debt 0 (15,000)
Common stock repurchases (9,968) (4,924)
Exercise of stock options and issuance of restricted stock, net of repurchase for tax withholdings (374) (241)
Cash dividends paid on common stock 17,671 15,721
Finance lease payments (119) (114)
Net cash provided by financing activities 141,076 588,049
Net (decrease) increase in cash, cash equivalents and restricted cash (138,613) 233,882
Cash, cash equivalents, and restricted cash at beginning of period 220,625 145,774
Cash, cash equivalents and restricted cash at end of period 82,012 379,656
Supplemental information    
Transfer from available-for-sale securities to held-to-maturity securities [1] 592,438 0
Interest paid 12,565 8,523
Income taxes paid 9,761 14,277
Dividends Payable 5,861 5,348
Unsettled common stock repurchase 272 0
Transfer from premises to other real estate owned $ 0 $ 204
[1] As of the date of transfer, the amortized cost basis of the debt securities was $592.4 million, fair value was $520.3 million and the net pre-tax unrealized losses included in AOCI was $72.1 million. Refer to Note 3 for further details.