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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 68,935 $ 72,952 $ 51,490
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 6,104 4,806 15,151
Depreciation, amortization and accretion, net 14,904 15,060 14,449
Change in cash surrender value of bank owned life insurance (3,981) (3,559) (3,039)
Gain on cash surrender value of bank owned life insurance (976) 0 0
Stock-based compensation expense 1,656 1,802 1,304
Operating lease payments (3,263) (3,061) (2,872)
Gains on investment securities, net (3,383) (33) (124)
Losses on sales of other real property owned, net 4,080 97 5,725
Loss on write down of premises and equipment 131 0 0
Loss (gain) on sale of other assets 0 125 (126)
Gains on sale of loans held for sale, net (1,200) (1,159) (4,256)
Deferred income taxes 16,739 (2,232) (3,355)
Decrease (increase) in accrued interest receivable (2,696) (6,717) 2,384
Increase (decrease) in accrued interest payable 1,045 1,538 (1,812)
Origination of loans held for sale (62,168) (59,893) (149,807)
Proceeds from sale of loans held for sale 58,726 63,462 153,239
Gains on equity securities 0 (1,145) (499)
Increase in other assets (20,562) (19,537) (13,719)
Increase (decrease) in other liabilities (1,674) 3,318 5,463
Net cash provided by operating activities 72,417 65,824 69,596
Cash flows from investing activities:      
Proceeds from maturities of certificates of deposit investments 1,180 1,225 490
Purchase of certificates of deposit investments (245) (245) (245)
Proceeds from sales of securities available-for-sale 343,610 36,257 611
Proceeds from maturities of securities available-for-sale 105,964 144,734 238,049
Proceeds from maturities of securities held-to-maturity 668 5,000 0
Purchases of securities available-for-sale (1,462) (12,754) (692,234)
Net increase in loans (20,826) (416,204) (32,032)
Purchases of premises and equipment (3,639) (5,020) (3,702)
Proceeds from sales of other real property owned 2,461 996 9,503
Investment in bank owned life insurance 0 0 (30,000)
Proceeds from bank owned life insurance death benefit 2,048 0 0
Net cash provided by acquisition 44,621 67,323 27,061
Net cash provided by (used in) investing activities 474,380 (178,688) (482,499)
Cash flows from financing activities:      
Net increase (decrease) in deposits (328,314) (259,862) 273,292
Increase (decrease) in repurchase agreements (7,693) 39,623 (60,669)
Proceeds from FHLB advances 150,000 359,745 5,000
Repayment of FHLB advances (351,141) (25,856) (40,083)
Proceeds from issuance of common stock 1,004 1,244 1,937
Direct expenses related to capital transactions 0 (29) (206)
Purchase of treasury stock (465) (340) (326)
Dividends paid on common stock (19,557) (17,830) (14,721)
Net cash provided by (used in) financing activities (556,166) 96,695 164,224
Decrease in cash and cash equivalents (9,369) (16,169) (248,679)
Cash and cash equivalents at beginning of period 152,433 168,602 417,281
Cash and cash equivalents at end of period 143,064 152,433 168,602
Cash paid during the period for:      
Interest 104,612 29,614 16,261
Income taxes 22,252 22,988 18,966
Loans transferred to other real estate owned 681 383 249
Fixed assets transferred to other real estate 0 0 3,971
Initial recognition of right-of-use assets 1,399 715 0
Initial recognition of lease liabilities 1,399 715 0
Dividends reinvested in common stock 0 0 333
LINCO Bancshares, Inc.      
Supplemental disclosures of purchases of capital stock      
Fair value of assets acquired 1,328,280 750,063 1,170,699
Cash paid 10,172 15,150 103,500
Common stock issued 93,508 92,172 44,191
Total consideration paid 103,680 107,322 147,691
Fair value of liabilities assumed $ 1,224,600 $ 642,741 $ 1,023,008