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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income $ 49,769 $ 35,653
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 8,239 11,850
Depreciation of premises and equipment 2,961 3,427
Amortization, net 6,542 6,417
Amortization related to acquisitions, net 2,869 1,288
(Gains) losses on securities sales, net (3) 13,400
BOLI income (3,245) (2,828)
Writedown of ROU assets, foreclosed properties and equipment 0 112
Originations and purchases (41,244) (286,526)
Proceeds from sales 35,770 283,316
Net (increase) decrease in other assets (11,368) 18,840
Net increase (decrease) in other liabilities 6,721 (22,441)
Net cash provided by operating activities 57,011 62,508
Investing activities:    
Purchases (115,674) (45,633)
Proceeds from sales 61,943 558,466
Proceeds from maturities, calls and paydowns 60,985 47,338
Purchases 0 (13,826)
Proceeds from maturities, calls and paydowns 7,374 5,218
Net decrease in other investments (6,724) (2,941)
Net increase in LHFI (220,677) (145,260)
Net purchases of premises and equipment (2,124) (1,624)
Proceeds from BOLI settlements 0 353
Proceeds from sales of foreclosed properties, and former bank premises 0 533
Net cash (used in) provided by investing activities (214,897) 402,624
Financing activities:    
Non-interest-bearing deposits (117,990) (305,230)
Interest-bearing deposits 578,294 829,449
Short-term borrowings (254,428) (910,077)
Issuance 227 474
Dividends paid (26,994) (25,384)
Vesting of restricted stock, net of shares held for taxes (2,684) (2,116)
Net cash provided by (used in) financing activities 176,425 (412,884)
Increase in cash and cash equivalents 18,539 52,248
Cash, cash equivalents and restricted cash at beginning of the period 378,131 319,948
Cash, cash equivalents and restricted cash at end of the period 396,670 372,196
Cash payments for:    
Interest 109,148 58,678
Supplemental schedule of noncash investing and financing activities    
Transfers from LHFI to LHFS $ 0 $ 7,087