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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net Income $ 38,338 $ 34,903
Adjustments to reconcile net income to net cash provided by operating activities:    
Originations of mortgage loans held for sale (158,787) (143,277)
Proceeds from the sale of mortgage loans 158,867 138,429
Gain on sale of mortgage loans, net of origination costs (1,535) (1,191)
Provision (credit) for credit losses (1,213) 1,531
Depreciation and amortization expense 2,453 2,465
Investment securities amortization and accretion, net 1,346 3,653
Stock-based compensation expense 2,325 1,950
Amortization of core deposit intangible assets 417 444
Purchase accounting accretion, net (78) (110)
Net loss on sale of investment securities 0 5,335
Increase in other assets (15,328) (3,277)
Net (decrease) increase in derivative collateral posted (10,360) 32,690
Increase in other liabilities 1,300 5,260
Net cash provided by operating activities 17,745 78,805
Investing Activities    
Proceeds from sales of available-for-sale debt securities 0 61,343
Purchase of available-for-sale debt securities (26,012) (31,611)
Proceeds from maturities of available-for-sale debt securities 63,336 55,565
Proceeds from maturities and recoveries of held-to-maturity securities 23,975 18,557
Purchase of held-to-maturity securities 0 20,981
Net increase in loans (16,755) (57,848)
Purchase of Federal Home Loan Bank stock (16,959) (27,377)
Proceeds from sale of Federal Home Loan Bank stock 9,840 25,631
Purchase of premises and equipment 3,544 1,730
Net cash provided by investing activities 33,881 21,549
Financing Activities    
Net decrease in deposits (22,134) (148,523)
Net proceeds from borrowings less than 90 days 165,729 204,964
Proceeds from the Bank Term Funding Program 90,000 0
Repayment of Bank Term Funding Program (225,000) 0
Common stock repurchases 1,646 2,000
Issuance of restricted stock, net of repurchase for tax withholdings (209) (177)
Cash dividends paid on common stock 18,416 18,406
Finance lease payments (242) (125)
Net cash (used in) provided by financing activities (11,918) 35,733
Net increase in cash, cash equivalents and restricted cash 39,708 136,087
Cash, cash equivalents, and restricted cash at beginning of period 99,804 75,427
Cash, cash equivalents and restricted cash at end of period 139,512 211,514
Supplemental information    
Interest paid 88,240 65,798
Income taxes paid 8,596 8,845
Cash dividends declared, not paid 6,140 6,131
Change in fair value hedges presented within residential real estate loans and other assets $ (2,631) $ 9,095