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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 50,864 $ 52,313
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 5,552 4,001
Depreciation, amortization and accretion, net 9,971 11,502
Change in cash surrender value of bank owned life insurance (2,878) (2,634)
Gain on redemption of bank owned life insurance (976)  
Stock-based compensation expense 1,213 1,342
Operating lease payments (2,414) (2,286)
Gain on investment securities, net (3,337) (81)
Loss on sales and write downs of other real estate owned, net 1,227 103
Loss on sale of other assets 69 76
Gain on sale of loans held for sale, net (934) (1,060)
Increase in accrued interest receivable (4,090) (4,335)
Increase in accrued interest payable 2,306 1,207
Origination of loans held for sale (51,413) (53,591)
Proceeds from sale of loans held for sale 46,452 56,932
Decrease in other investment 0 6
Increase in other assets (2,351) (10,187)
(Decrease) increase in other liabilities (5,692) 952
Net cash provided by operating activities 43,569 54,260
Cash flows from investing activities:    
Proceeds from maturities of certificates of deposit investments 690 1,225
Purchases of certificates of deposit investments (245) (245)
Proceeds from sales of securities available-for-sale 265,145 27,396
Proceeds from maturities of securities available-for-sale 80,932 117,799
Proceeds from maturities of securities held-to-maturity 695 5,000
Purchases of securities available-for-sale (1,063) (10,768)
Net decrease (increase) in loans 21,078 (309,664)
Purchases of premises and equipment (3,021) (3,874)
Proceeds from sales of other real property owned 1,754 821
Proceeds from bank owned life insurance death benefit 2,048 0
Net cash provided by acquisition 44,621 67,323
Net cash provided by (used in) investing activities 412,634 (104,987)
Cash flows from financing activities:    
Net decrease in deposits (105,649) (33,665)
(Decrease) increase in repurchase agreements (6,436) 38,916
Proceeds from FHLB advances 150,000 365,000
Repayment of FHLB advances (250,000) (320,000)
Proceeds from issuance of common stock 787 1,008
Direct expenses related to capital transactions 0 (29)
Purchase of treasury stock (5) (11)
Dividends paid on common stock (14,096) (13,140)
Net cash (used in) provided by financing activities (225,399) 43,079
Increase (decrease) in cash and cash equivalents 230,804 (7,648)
Cash and cash equivalents at beginning of period 152,433 168,602
Cash and cash equivalents at end of period 383,237 160,954
Cash paid during the period for:    
Interest 70,857 14,916
Income taxes 16,627 22,463
Supplemental disclosures of noncash investing and financing activities    
Loans transferred to other real estate 648 383
Initial recognition of right-of-use assets 659 715
Initial recognition of lease liabilities 659 715
LINCO Bancshares, Inc.    
Supplemental disclosures of purchases of capital stock    
Fair value of assets acquired 1,328,280 750,063
Cash paid 10,172 15,150
Common stock issued 93,508 92,172
Total consideration paid 103,680 107,322
Fair value of liabilities assumed $ 1,224,600 $ 642,741