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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows From Operating Activities:    
Net Income $ 52,926 $ 61,440
Adjustments to reconcile Net Income to net cash provided by operating activities:    
Provision for (reversal of) credit losses 11,402 (2,292)
Provision for credit losses for unfunded commitments 1,166 542
Depreciation and amortization 1,778 1,657
Gain on sale of loans (400) (2,347)
Loss (gain) on mortgage servicing rights 70 (918)
Securities premium amortization, net 3,272 5,009
Origination of loans held for sale (29,690) (206,495)
Proceeds from sale of loans held for sale 36,824 242,246
Net gain on sale of other real estate owned (134) (93)
Net loss on sale of investment securities 19 176
Net increase in cash surrender value of BOLI (1,303) (1,258)
Stock-based compensation expense 5,684 5,314
Net tax expense from stock-based compensation 0 1,615
Increase in other assets (15,623) (3,002)
Increase in other liabilities 25,558 22,563
Net Cash Provided by Operating Activities 91,549 124,157
Investment securities available-for-sale:    
Purchases 0 (383,795)
Proceeds from maturities 60,999 128,889
Proceeds from sale/call 8,303 6,225
Investment securities held-to-maturity:    
Purchases 0 (283,890)
Proceeds from maturities 39,006 64,105
Proceeds from call 341 0
Purchase of Federal Reserve stock (158) (149)
Net proceeds from redemption of Federal Home Loan Bank stock 19,026 312
Net increase in loans (137,661) (88,872)
Redemption of BOLI 736 0
Proceeds from sale of OREO 609 241
Net change in premises and equipment (221) (681)
Net Cash Used in Investing Activities (9,020) (557,615)
Cash Flows From Financing Activities:    
Decrease in deposits (995,055) (809,922)
Increase in customer repurchase agreements 1,917 2,621
Proceeds from (paydowns on) short-term borrowings 861,758 (20,000)
Proceeds from employee stock purchase plan 314 369
Proceeds from exercise of equity compensation plans 0 97
Common stock repurchased (48,037) 0
Tax equivalent shares withheld on exercise of stock-based compensation plans 0 (1,615)
Cash dividends paid (27,362) (27,148)
Net Cash Used in Financing Activities (206,465) (855,598)
Net Decrease in Cash and Cash Equivalents (123,936) (1,289,056)
Cash and Cash Equivalents at Beginning of Period 311,854 1,714,222
Cash and Cash Equivalents at End of Period 187,918 425,166
Supplemental Cash Flows Information:    
Interest paid 164,083 20,586
Income taxes paid 9,930 5,650
Non-Cash Investing Activities    
Transfers of investment securities from available-for-sale to held-to-maturity $ 0 $ 922,795