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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities    
Net income from continuing operations $ 21,273 $ 39,797
Net income (loss) from discontinued operations 337 (112)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,513 1,603
Deferred income tax benefit (expense) 11,219 (537)
Provision for loan losses 13,894 0
Accretion of fair value adjustments (discounts) on acquired loans (4,816) (1,279)
Accretion of fair value adjustments (premiums) on acquired time deposits (1,166) (2,540)
Accretion of fair value adjustments (premiums) on acquired subordinated notes (75) (145)
Proceeds from sale of loans held for sale 460,655 965,119
Loans held for sale, originated (361,895) (939,377)
Gain on sale of loans held for sale, originated (2,617) (17,830)
Gain on sale of Paycheck Protection Program loans 0 (24,315)
(Gain) Loss on disposal of premises and equipment (405) 192
Investment amortization expense, net 1,095 1,282
Amortization of subordinated debt issuance costs 26 192
Intangible amortization 1,160 1,259
Fair value adjustments of other equity investments (9,228) 0
Fair value adjustments attributable to mortgage servicing rights (3,496) 0
Fair value adjustments on other real estate owned 0 75
Increase in cash surrender value of bank owned life insurance (946) (679)
Increase in other assets (12,634) (6,110)
Increase (decrease) in other liabilities 9,139 (3,250)
Net cash provided by operating activities - continuing operations 123,033 13,345
Net cash provided by operating activities - discontinued operations 55 168
Cash provided by operating activities 123,088 13,513
Cash Flows From Investing Activities    
Net decrease (increase) in federal funds sold 33,322 (141,869)
Purchases of securities available for sale (68,261) (224,143)
Proceeds from calls, sales, paydowns and maturities of securities available for sale 23,348 45,553
Proceeds from sale of other real estate owned 70 271
Proceeds from sale of Paycheck Protection Program loans 0 705,930
Net decrease (increase) in Paycheck Protection Program loans 17,258 (399,072)
Net change in restricted equity and other investments (6,098) (1,640)
Net increase in loans held for investment (381,956) (29,729)
Purchase of premises and equipment (261) (954)
Proceeds from sale of premises and equipment 1,937 405
Purchase of bank owned life insurance 0 (9,600)
Capital calls of small business investment company funds and other investments (4,179) (1,567)
Net cash acquired in acquisition of Bay Banks of Virginia, Inc. 0 44,066
Nonincome distributions from limited liability companies 918 247
Net cash used in investing activities - continuing operations (383,902) (12,102)
Net cash provided by investing activities - discontinued operations 245 167
Cash used in investing activities (383,657) (11,935)
Cash Flows From Financing Activities:    
Net increase in demand, savings and other interest-bearing deposits 239,055 312,144
Net decrease in time deposits (126,174) (85,397)
Common stock dividends paid (6,854) (7,183)
Federal Home Loan Bank advances 335,000 721,000
Federal Home Loan Bank repayments (194,900) (721,000)
Federal Reserve Bank advances 0 434,336
Federal Reserve Bank repayments (17,846) (706,944)
Stock option exercises 14 748
Dividends reinvestment plan 31 0
Redemption of subordinated notes 0 (14,150)
Net cash provided by (used in) financing activities - continuing operations 228,326 (66,446)
Net cash provided by financing activities - discontinued operations 0 0
Cash provided by (used in) financing activities 228,326 (66,446)
Net decrease in cash and due from banks (32,243) (64,868)
Cash and due from banks at beginning of period 130,548 117,945
Cash and due from banks at end of period 98,305 53,077
Supplemental Schedule of Cash Flow Information    
Interest 8,794 8,087
Income taxes 1,892 10,000
Non-cash investing and financing activities:    
Unrealized losses on securities available for sale (57,908) (3,062)
Restricted stock awards, net of forfeitures 997 848
Assets acquired in business combination 0 1,224,583
Liabilities assumed in business combination 0 1,107,036
Effective settlement of subordinated notes in business combination 0 650
Change in goodwill $ 0 $ 7,206
Cumulative effect adjustment of change in accounting method 3,542 —