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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 $ 104,131 $ 146,936 $ 95,644
Reconciliation of net income to net cash provided by operating activities:      
Provision for credit losses and unfunded commitments, net 17,813 12,400 15,031
Net security premium amortization 9,337 12,005 14,058
Deferred tax benefit (782) (1,810) (4,800)
Loan discount accretion (13,277) (5,622) (8,814)
Deposit and debt discount (premium) accretion (amortization), net 3,943 (340) (47)
Foreclosed property (gains) losses/write-downs, net (150) (372) 24
Losses on sales of securities available for sale, net 0 0 1,237
Other gains, net (1,857) (4,069) (1,648)
Bank-owned life insurance income (4,350) (3,847) (2,885)
Net amortization of deferred loan fees (1,225) (301) (1,994)
Depreciation of premises and equipment 7,754 6,859 6,187
Amortization of operating lease right-of-use assets 2,100 1,986 1,937
Repayments of lease obligations (1,988) (1,801) (1,814)
Stock-based compensation expense 5,125 2,982 2,268
Amortization of intangible assets 8,003 3,684 3,531
Amortization and impairment of SBA servicing assets 1,356 2,800 2,272
Fees/gains from sales of presold mortgages and SBA loans (4,102) (7,178) (18,304)
Originations of presold mortgage loans in process of settlement (84,696) (104,596) (326,019)
Proceeds from sales of presold mortgage loans in process of settlement 84,957 124,181 359,300
Origination of SBA loans for sale (52,787) (74,452) (88,304)
Proceeds from sales of SBA loans 39,930 119,549 79,125
Increase in accrued interest receivable (1,904) (3,814) (773)
Decrease in other assets 12,435 11,352 17,412
Increase (decrease) in accrued interest payable 2,579 2,131 (683)
(Decrease) increase in other liabilities (949) (8,009) 394
Net cash provided by operating activities 131,396 230,654 142,335
Cash Flows From Investing Activities      
Purchases of securities available for sale (1,169) (354,765) (1,572,355)
Purchases of securities held to maturity 0 (39,004) (271,169)
Proceeds from maturities, calls and principal repayments of securities available for sale 165,358 251,314 358,259
Proceeds from maturities, calls and principal repayments of securities held to maturity 3,453 6,500 13,642
Proceeds from sales of securities available for sale 111,863 0 106,484
Purchases of Federal Reserve and FHLB stock (58,688) (48,159) (93)
Proceeds from Sale of Federal Home Loan Bank Stock 43,797 30,915 2,136
Purchases of bank owned life insurance 0 0 (25,000)
Proceeds from bank owned life insurance death benefits 137 8,312 0
Purchases of other investments (9,754) (7,990) (3,434)
Net increase in loans (466,488) (558,398) (97,559)
Proceeds from sales of foreclosed properties 967 2,904 3,995
Purchases of premises and equipment (4,421) (5,287) (9,402)
Proceeds from sales of premises and equipment 970 299 313
Net cash received in acquisition activities 22,610 0 208,992
Net cash received in disposition activities 0 0 11,314
Net cash used by investing activities (191,365) (713,359) (1,273,877)
Cash Flows From Financing Activities      
Net (decrease) increase in deposits (244,339) 103,494 1,258,193
Advances from other borrowings 3,348,000 1,252,000 0
Repayment of other borrowings (3,044,991) (1,032,133) (5,729)
Cash dividends paid – common stock (34,940) (30,660) (22,228)
Repurchases of common stock 0 0 (4,036)
Proceeds from stock option exercises 4,519 0 0
Payment of taxes related to stock withheld (743) (840) (786)
Net cash provided by financing activities 27,506 291,861 1,225,414
(Decrease) increase in Cash and Cash Equivalents (32,463) (190,844) 93,872
Cash and Cash Equivalents, Beginning of Year 270,318 461,162 367,290
Cash and Cash Equivalents, End of Year 237,855 270,318 461,162
Supplemental Disclosures of Cash Flow Information:      
Cash paid during the period for interest 135,704 14,312 10,206
Cash paid during the period for income taxes 29,734 39,722 32,506
Non-cash:  Unrealized gain (loss) on securities available for sale, net of taxes 34,064 (317,319) (41,400)
Non-cash:  Foreclosed loans transferred to foreclosed real estate 1,036 119 2,285
Non-cash:  Accrued dividends at period end 9,046 7,857 7,125
Non-cash: Initial recognition of operating lease right-of-use assets and liabilities 260 0 2,191
Non-cash: Revision of operating lease right-of-use assets and operating lease liabilities (562) 0 0
Non-cash: Derecognition of intangible assets related to sale of insurance operations $ 0 $ 0 $ (10,229)