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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 19,180 $ 16,616
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (817) 2,952
Depreciation, amortization and accretion, net 3,485 3,777
Change in cash surrender value of bank owned life insurance (926) (844)
Gain on redemption of bank owned life insurance (715) 0
Stock-based compensation expense 307 508
Operating lease payments (781) (722)
Loss on investment securities, net 46 0
Loss (gain) on sales and write downs of other real estate owned, net 71 (210)
Loss on sale of other assets 0 4
Gain on sale of loans held for sale, net (207) (415)
Increase in accrued interest receivable (372) (725)
Increase in accrued interest payable 1,378 745
Origination of loans held for sale (12,191) (18,931)
Proceeds from sale of loans held for sale 11,737 20,057
Decrease (increase) in other investment 0 (487)
Decrease in other assets 1,867 2,616
Decrease in other liabilities (1,757) (846)
Net cash provided by operating activities 20,305 24,133
Cash flows from investing activities:    
Proceeds from maturities of certificates of deposit investments 0 490
Purchases of certificates of deposit investments (245) 0
Proceeds from sales of securities available-for-sale 6,483 0
Proceeds from maturities of securities available-for-sale 19,250 39,854
Proceeds from maturities of securities held-to-maturity 0 5,000
Purchases of securities available-for-sale (1,063) (7,806)
Purchase of securities hel-to-maturity (25) 0
Net decrease (increase) in loans 65,541 (41,434)
Purchases of premises and equipment (941) (27)
Proceeds from sales of other real property owned 734 475
Net cash provided by acquisition 0 67,323
Net cash provided by investing activities 89,734 63,875
Cash flows from financing activities:    
Net decrease in deposits (226,223) (29,558)
Increase in repurchase agreements 7,250 5,535
Proceeds from FHLB advances 170,000 20,000
Repayment of FHLB advances (40,000) (25,000)
Proceeds from issuance of common stock 336 406
Direct expenses related to capital transactions 0 (29)
Purchase of treasury stock (5) (11)
Dividends paid on common stock (4,696) (3,973)
Net cash used in financing activities (93,338) (32,630)
Increase in cash and cash equivalents 16,701 55,378
Cash and cash equivalents at beginning of period 152,433 168,602
Cash and cash equivalents at end of period 169,134 223,980
Cash paid during the period for:    
Interest 19,094 2,503
Income taxes (288) 0
Supplemental disclosures of noncash investing and financing activities    
Loans transferred to other real estate 648 198
Initial recognition of right-of-use assets 0 715
Initial recognition of lease liabilities 0 715
LINCO Bancshares, Inc.    
Supplemental disclosures of purchases of capital stock    
Fair value of assets acquired 0 750,063
Cash paid 0 15,150
Common stock issued 0 92,172
Total consideration paid 0 107,322
Fair value of liabilities assumed $ 0 $ 642,741