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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 $ 56,494 $ 49,018
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,217 7,041
Provision for credit losses 7,571 10,390
Accretion of discounts on loans (1,414) (2,029)
Accretion of discounts and amortization of premiums on securities 512 2,378
Stock-based compensation 4,165 3,711
Loss (gain) on disposal of fixed assets 50 (67)
Loss on sale of foreclosed assets and related impairments   80
Gain on sale of loans (1,147) (2,131)
Origination of loans held for sale (1,612) (36,972)
Proceeds from sale of loans held for sale 3,523 39,775
Deferred income taxes (595) (1,208)
Net increase in bank owned life insurance (1,480) (1,266)
Net realized gains on equity securities (18)  
Net realized gains on available-for-sale securities (59) (3)
Dividends on FHLB stock (334) (745)
Changes in:    
Interest receivable (2,191) (5,612)
Other assets 1,058 2,132
Other liabilities (476) 6,691
Net cash provided by operating activities 71,264 71,183
Investing Activities    
Net change in loans (212,432) (470,706)
Purchases of available-for-sale and equity securities (77,168) (152,158)
Proceeds from maturities of available-for-sale securities 46,475 18,890
Proceeds from sale of available-for-sale and equity securities 20,371 67,230
Proceeds from the sale of foreclosed assets   1,050
Purchase of premises and equipment (2,594) (6,953)
Proceeds from the sale of premises and equipment and related insurance claims 145 67
Purchase of restricted equity securities (11,156) (10,290)
Proceeds from sale of restricted equity securities 11,742 21,006
Terminated cash flow hedges (549)  
Net cash activity from acquisitions   19,279
Net cash used in investing activities (225,166) (512,585)
Financing Activities    
Net increase (decrease) in demand deposits, savings, NOW and money market accounts (12,578) (264,944)
Net increase in time deposits 155,578 779,701
Net increase in fed funds purchased and repurchase agreements   505
Net decrease in federal funds sold   (20,000)
Proceeds from Federal Home Loan Bank advances   22,414
Repayment of Federal Home Loan Bank advances (1,845) (77,295)
Net proceeds of lines of credit   (72,468)
Proceeds from issuance of preferred shares, net of issuance cost   7,750
Issuance of common shares, net of issuance cost 3 3
Proceeds from employee stock purchase plan 533 402
Repurchase of common stock (4,500)  
Acquisition of common stock for tax withholding obligations (1,116) (937)
Settlement of warrants   (418)
Dividends paid on preferred stock (465) (258)
Net cash provided by financing activities 135,610 374,455
Decrease in Cash and Cash Equivalents (18,292) (66,947)
Cash and Cash Equivalents, Beginning of Period 255,229 300,138
Cash and Cash Equivalents, End of Period 236,937 233,191
Supplemental Cash Flows Information    
Interest paid 191,554 137,281
Income taxes paid 17,465 $ 17,614
Repossessed assets in settlement of loans $ 5,248