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CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash Flows from Operating Activities:          
Net income     $ 64,152 $ 48,409  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision for credit losses - loans     (1,446) (1,467)  
Provision for credit losses - securities AFS $ 483 $ 200 827 1,871 $ 3,154
Stock-based compensation expense     2,037 1,629  
Depreciation and amortization     2,019 1,655  
Deferred tax expense     1,941 355  
Amortization of premium (discount) on securities     1,677 399  
Amortization of core deposit intangible     999 842  
Amortization of mortgage servicing rights - net     1,070 935  
Gain on sale of loans   (3,324)   (3,324)  
Amortization of OCI - securities transfer to HTM     (591)    
Valuation allowance on mortgage servicing rights - net     (319) 1,309  
Increase in other assets     (6,482) (10,695)  
Increase (decrease) in accounts payable and other liabilities     4,476 (1,264)  
Net cash provided by operating activities     70,360 40,654  
Cash Flows from Investing Activities:          
Net increase in loans     (2,016,119) (841,088)  
Proceeds from sale of loans       142,000  
Purchase of premises and equipment     (3,523) (1,826)  
Disposals of premises and equipment     3,388    
Recovery of allowance for credit losses     298 509  
Purchases of securities AFS     (398) (83,372)  
Purchases of securities HTM     (171,852)    
Proceeds from sale of securities       3,400  
Maturities of securities AFS     18,524 143,712  
Maturities of securities HTM     156,811    
Sale of FHLB and FRB stock, net     999    
Net cash used in investing activities     (2,011,872) (636,665)  
Cash Flows from Financing Activities:          
Increase in deposits     726,784 1,193,369  
Net increase (decrease) in FHLB advances     149,000 (255,000)  
Line of credit net change - borrowings, net     (18,500) 6,000  
Net increase in subordinated debt     147,608    
Net decrease in repurchase agreements     5,493    
Gain on sale leaseback     (1,123)    
Dividends paid     (12,424) (8,050)  
Proceeds from exercise of stock options     18 819  
Repurchase of stock     (3,577) (1,188)  
Net cash provided by financing activities     993,279 935,950  
Increase (decrease) in cash and cash equivalents     (948,233) 339,939  
Cash and cash equivalents at beginning of year     1,121,757 629,707 629,707
Cash and cash equivalents at end of period $ 173,524 $ 969,646 173,524 969,646 $ 1,121,757
Supplemental disclosures of cash flow information:          
Income taxes     22,500 17,424  
Interest     10,563 10,019  
Noncash transactions:          
Transfer of loans to loans held for sale       $ 132,521  
Transfer of securities from available-for-sale to held-to-maturity     916,777    
Goodwill acquisition adjustment     1,623    
Operating lease liabilities recognized     $ 5,428