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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 23,547 $ 17,058
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 1,500 0
Depreciation and amortization 596 656
Net amortization of securities premiums and discounts 33 176
Increase in cash surrender value of BOLI (444) (542)
Gain on BOLI death benefit (4,346) 0
Decrease/(increase) in deferred income taxes, net 3,933 (113)
Loss on sale of securities available-for-sale 5,686 0
Net changes in:    
Other assets 6,307 4,709
Other liabilities 4,864 6,966
Net cash provided by operating activities 41,676 28,910
Cash flows from investing activities:    
Net change in loans held-for-investment 70,927 (374)
Purchase of available-for-sale securities (3,585) (10,067)
Purchase of held-to-maturity securities (1,350) (118,162)
Proceeds from sales, maturities, calls and pay downs of available-for-sale securities 40,348 13,097
Proceeds from maturities, calls and pay downs of held-to-maturity securities 10,817 19,516
Purchase of premises and equipment (1,543) (363)
Purchase of other investments (2,008) 0
Proceeds from bank-owned life insurance 11,752 0
Proceeds from sale of assets 0 34
Net cash provided (used in) by investing activities 125,358 (96,319)
Cash flows from financing activities:    
Net (decrease) increase in deposits (220,107) 197,287
Net cash used in share repurchase of common stock (5,591) (4,252)
Net cash (used in) provided by financing activities (225,698) 193,035
Net change in cash and cash equivalents (58,664) 125,626
Cash and cash equivalents, beginning of period 588,257 715,460
Cash and cash equivalents, end of period 529,593 841,086
Supplemental disclosures of cash flow information:    
Cash paid for interest 3,389 951
Income Taxes Paid 1 0
Supplemental disclosures of non-cash transactions:    
Security purchases settled in subsequent period 0 (40,626)
Unrealized gain/(losses) on securities available-for-sale $ 8,048 $ (15,865)