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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 49,315 $ 47,331
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 3,020 3,053
Provision (Reversal) for credit losses 417 (223)
Gain on sale and write down of other real estate owned 0 (37)
Amortization of loan servicing rights 385 705
Net change in loan servicing rights valuation allowance (701) (197)
Loans originated for sale, including participations (23,082) (64,706)
Net gain on sales of loans (777) (2,770)
Proceeds from sale of loans, including participations 28,430 70,988
Net (gain) loss on sales of premises and equipment 1 (1)
Net gain on sales and calls of securities available-for-sale 0 (797)
Net securities amortization 3,245 2,109
Stock based compensation expense 4,620 4,350
Losses (earnings) on life insurance 266 (1,461)
Gain on life insurance 0 (202)
Tax benefit of stock award issuances (500) (266)
Net change:    
Interest receivable and other assets 165 1,788
Interest payable and other liabilities 26,355 (714)
Total adjustments 41,844 11,619
Net cash from operating activities 91,159 58,950
Cash flows from investing activities:    
Proceeds from sale of securities available-for-sale 0 13,964
Proceeds from maturities, calls and principal paydowns of securities available-for-sale 59,617 66,576
Proceeds from maturities, calls and principal paydowns of securities held-to-maturity 5 0
Purchases of securities available-for-sale (313,905) (437,680)
Purchase of life insurance (657) (586)
Net (increase) decrease in total loans (137,525) 296,032
Proceeds from sales of land, premises and equipment 1 2
Purchases of land, premises and equipment (2,314) (3,295)
Proceeds from redemption of Federal Home Loan Bank stock 932 0
Proceeds from sales of other real estate 0 167
Proceeds from life insurance 0 531
Net cash from investing activities (393,846) (64,289)
Cash flows from financing activities:    
Net increase in total deposits (113,823) 357,859
Net increase (decrease) in short-term borrowings 0 (10,500)
Payments on long-term FHLB borrowings (75,000) 0
Common dividends paid (20,410) (17,309)
Preferred dividends paid (13) (13)
Payments related to equity incentive plans (1,728) (1,648)
Purchase of treasury stock (285) (282)
Sale of treasury stock 221 115
Net cash from financing activities (211,038) 328,222
Net change in cash and cash equivalents (513,725) 322,883
Cash and cash equivalents at beginning of the period 683,240 249,927
Cash and cash equivalents at end of the period 169,515 572,810
Cash paid during the period for:    
Interest 8,768 10,350
Income taxes 7,065 14,262
Supplemental non-cash disclosures:    
Loans transferred to other real estate owned 0 893
Securities purchases payable 0 40,605
Right-of-use assets obtained in exchange for lease liabilities $ 1,612 $ 0