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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income $ 33,002 $ 40,637
Adjustments to reconcile net income to net cash:    
Net depreciation, amortization, and accretion (5,737) 4,014
Provision for credit losses 2,066 4,951
Stock-based compensation 4,126 4,802
Other, net 1 (18)
Net change in:    
Receivable from global payments, net (2,978) 686
Third-party debit cardholder balances 12,453 193
Other assets 6,571 (15,187)
Other liabilities 10,748 5,613
Net cash provided by (used in) operating activities 60,252 45,691
Cash flows from investing activities    
Loan originations, purchases and payments, net (206,900) (311,594)
Redemptions of FRB and FHLB Stock 37,768 110,451
Purchases of FRB and FHLB Stock (25,386) (116,381)
Purchase of securities available-for-sale (72,810)  
Purchase of securities held-for-investment   (24,595)
Proceeds from paydowns and maturities of securities available-for-sale 25,115 21,061
Proceeds from paydowns and maturities of securities held-to-maturity 19,200 19,366
Purchase of premises and equipment, net (864) (1,888)
Net cash provided by (used in) investing activities (223,877) (303,580)
Cash flows from financing activities    
Proceeds from (repayments of) federal funds purchased (99,000) 93,000
Proceeds from (repayments of) FHLB advances, net (290,000)  
Proceeds from (repayments of) FHLB advances, net   100,000
Redemption of common stock for tax withholdings for restricted stock vesting (4,477) (1,336)
Proceeds from (repayments of) secured and other borrowings, net 99,929 (70)
Net increase (decrease) in deposits 432,370 10,653
Net cash provided by (used in) financing activities 138,822 202,247
Increase (decrease) in cash and cash equivalents (24,803) (55,642)
Cash and cash equivalents at the beginning of the period 269,465 257,418
Cash and cash equivalents at the end of the period 244,662 201,776
Cash paid for:    
Interest 104,866 60,032
Income Taxes $ 19,415 $ 22,377