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CONSOLIDATED STATEMENT 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 $ 104,033 $ 106,507 $ 124,403
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 8,245 6,115 5,482
(Accretion of discounts) and amortization of premiums on securities, net (949) 576 6,220
Amortization of operating lease right-of-use assets 8,053 6,485 4,576
Other amortization and accretion, net (15,875) (1,967) (13,908)
Stock based compensation 13,440 11,155 8,685
Origination of loans designated for sale (113,151) (186,504) (490,426)
Sale of loans designated for sale 116,563 221,199 543,410
Provision for credit losses 37,518 26,183 (9,421)
Deferred income taxes 9,442 (10,398) 3,836
Losses on sale of securities 2,935 0 363
Gains on sale of loans (4,211) (5,687) (15,276)
Losses (gains) on sale and write-downs of other real estate owned 450 (1,749) (635)
Losses on disposition of fixed assets and write-downs upon transfer of bank premises to other real estate owned 1,842 1,394 817
Changes in operating assets and liabilities, net of effects from acquired companies:      
Net (increase) decrease in other assets (8,967) 508 (42,437)
Net (decrease) increase in other liabilities (8,755) 22,042 28,883
Net Cash Provided by Operating Activities 150,613 195,859 154,572
Cash Flows From Investing Activities      
Maturities and repayments of available-for-sale debt securities 220,114 270,785 546,339
Maturities and repayments of held-to-maturity debt securities 69,471 96,925 132,916
Proceeds from sale of available-for-sale debt securities 113,400 515,183 84,972
Purchases of available-for-sale debt securities (100,873) (693,625) (1,145,193)
Purchases of held-to-maturity debt securities 0 (206,065) (377,159)
Maturities of time deposits with other banks 1,984 3,237 750
Purchases of time deposits with other banks (4,605) 0 0
Net new loans and principal repayments 110,665 (513,343) 566,348
Purchases of loans held for investment 0 (111,292) (259,267)
Proceeds from sale of other real estate owned 577 15,951 5,598
Additions to other real estate owned 0 (591) (2,513)
Proceeds from sale of FHLB and Federal Reserve Bank stock 73,473 0 3,945
Purchase of FHLB and Federal Reserve Bank stock (88,141) (11,924) (3,020)
Redemption of bank owned life insurance 0 25,782 0
Purchase of bank owned life insurance 0 (25,000) (60,000)
Net cash from bank acquisitions 141,674 281,747 98,100
Additions to bank premises and equipment (10,293) (12,645) (4,327)
Net Cash Provided by (Used in) Investing Activities 527,446 (364,875) (412,511)
Cash Flows From Financing Activities      
Net (decrease) increase in deposits (324,002) (384,403) 640,108
Net increase in repurchase agreements 202,544 50,464 1,956
Net decrease in FHLB borrowings with original maturities of three months or less (280,000) (62,500) 0
Repayments of FHLB borrowings with original maturities of more than three months (75,000) (7,500) (33,000)
Proceeds from FHLB borrowings with original maturities of more than three months 110,000 75,000 0
Stock based employee benefit plans 5,100 3,408 5,022
Repurchase of common stock (10,868) 0 0
Dividends paid (60,591) (41,242) (22,506)
Net Cash (Used in) Provided by Financing Activities (432,817) (366,773) 591,580
Net increase (decrease) in cash and cash equivalents 245,242 (535,789) 333,641
Cash and Cash Equivalents at Beginning of Year 201,940 737,729 404,088
Cash and Cash Equivalents at End of Year 447,182 201,940 737,729
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest 191,225 13,743 9,977
Net (refund received) cash paid during the period for taxes (5,921) 29,591 30,887
Recognition of operating lease right-of-use assets, other than through bank acquisition, net of terminations 2,068 3,370 12,459
Recognition of operating lease liabilities, other than through bank acquisition, net of terminations 2,080 3,370 12,459
Supplemental disclosure of non-cash investing activities:1      
Transfer of debt securities from available-for-sale to held-to-maturity [1] 0 0 210,805
Unsettled sales of debt securities available-for-sale [1] 0 0 17,147
Transfer from bank premises to other real estate owned [1] $ 6,286 $ 1,674 $ 3,318
[1]
1See "Note 17 - Business Combinations" for non cash transactions related to business combinations.