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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 99,066 $ 98,905 $ 60,582
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 7,662 5,359 5,333
Provision for credit losses 8,284 3,486 55,704
Deferred income taxes (4,682) 15,272 (14,530)
Stock-based compensation expense 2,438 2,352 2,150
Deferred compensation expense accrued 4,062 4,580 3,821
Gains on other real estate owned, net (129) (1,754) (317)
Amortization of premiums on securities, net 1,337 1,933 969
Caplet amortization 1,001 697 551
Fair value gain on derivatives (1,975) (170)  
Securities (gains) losses, net   88 (2,484)
Loans originated for sale (99,394) (204,449) (236,734)
Proceeds on sales of loans 107,487 209,003 241,553
Gains on sales of residential real estate loans (2,411) (4,397) (4,680)
Gains on sales of government guaranteed portions of loans (119) (227) (224)
Loss on liability extinguishment, net     3,907
Losses (gains) on sales and disposals of premises and equipment 378 1,059 (19)
Amortization of intangibles 2,854 2,032 2,149
Accretion of acquisition fair value adjustments, net (8,581) (1,340) (3,271)
Increase in cash value of bank-owned life insurance (2,056) (1,838) (1,904)
Loss on sale of subsidiary/certain assets and liabilities of subsidiary     158
Goodwill impairment     500
Increase in other assets (42,572) (47,006) (9,445)
Increase in other liabilities 46,049 4,633 8,408
Net cash provided by operating activities 118,699 88,218 112,177
CASH FLOWS FROM INVESTING ACTIVITIES      
Net (increase) decrease in federal funds sold (44,540) (3,290) 720
Net decrease in interest-bearing deposits at financial institutions 25,066 11,304 61,295
Proceeds from sales of other real estate owned 482 4,742 4,477
Activity in securities portfolio:      
Purchases (230,501) (173,204) (356,127)
Calls, maturities and redemptions 43,638 106,442 53,007
Paydowns 31,805 65,410 47,313
Sales 111,375 23,874 38,562
Activity in restricted investment securities:      
Purchases (23,086) (1,280) (4,600)
Redemptions 2,158 30 9,749
Proceeds from the liquidation of bank-owned life insurance     10,999
Net increase in loans/leases originated and held for investment (654,861) (433,544) (564,748)
Purchase of premises and equipment (33,261) (13,981) (4,268)
Proceeds from sales of premises and equipment 2,060 1,726 101
Payment for termination of derivative     (808)
Net cash transferred out in sale of subsidiary     (154)
Purchase of bank-owned life insurance (10,000)    
Net cash acquired from acquisition 144,973    
Net cash used in investing activities (634,692) (411,771) (704,482)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in deposit accounts (15,128) 323,635 716,898
Net increase (decrease) in short-term borrowings 125,830 (1,630) (7,993)
Activity in Federal Home Loan Bank advances:      
Term advances     125,000
Calls and maturities     (121,600)
Net change in short-term and overnight advances 400,000   (94,300)
Prepayments (16,000)   (55,274)
Activity in other borrowings:      
Proceeds from other borrowings 10,000    
Paydown of revolving line of credit (10,000)    
Prepayments on brokered and public time deposits     (29,153)
Prepayments of subordinated notes   (5,000)  
Proceeds from subordinated notes 100,000   50,000
Payment of cash dividends on common stock (3,944) (3,793) (3,779)
Proceeds from issuance of common stock, net 422 670 1,360
Repurchase and cancellation of shares (52,954) (14,168) (3,779)
Net cash provided by financing activities 538,226 299,714 577,380
Net increase (decrease) in cash and due from banks 22,233 (23,839) (14,925)
Cash and due from banks, beginning 37,490 61,329 76,254
Cash and due from banks, ending 59,723 37,490 61,329
Supplemental disclosure of cash flow information, cash payments (receipts) for:      
Interest 58,652 23,373 32,178
Income/franchise taxes 1,057 48,988 24,567
Supplemental schedule of noncash investing activities:      
Change in accumulated other comprehensive income, (loss), unrealized gains (losses) on securities available for sale and derivative instruments, net (66,450) 176 2,474
Change in retained earnings from adoption of ASU 2016-13   (937)  
Transfers of loans to other real estate owned 431 2,962 51
Due to broker for purchases of securities   1,000  
(Decrease) increase in the fair value of back-to-back interest rate swap assets and liabilities (54,441) (1,376) 137,752
Dividends payable 1,013 $ 935 947
Consideration received on sale of the Bates Companies     1,523
Fair value of assets acquired:      
Cash and due from banks 171,844    
Interest-bearing deposits at financial institutions 17,134    
Securities 143,017    
Loans receivable, net 801,697    
Bank-owned life insurance 32,100    
Premises and equipment, net 16,257    
Restricted investment securities 2,220    
Other real estate owned 55    
Intangibles 10,264    
Other assets 23,685    
Total assets acquired 1,218,273    
Fair value of liabilities assumed:      
Deposits 1,076,573    
FHLB advances 16,000    
Subordinated debentures 19,621    
Junior subordinated debentures 10,310    
Other liabilities 15,225    
Total liabilities assumed 1,137,729    
Net assets acquired 80,544    
Consideration paid:      
Cash paid 26,871    
Common stock 117,214    
Total consideration paid 144,085    
Goodwill 63,541    
Net cash paid $ 144,973    
Supplemental disclosure of cash flow information for sale of subsidiary/certain assets and certain liabilities of subsidiary:      
Cash proceeds**     195
Assets Sold:      
Cash and due from banks     349
Premises and equipment, net     19
Other assets     2,259
Total assets sold     2,627
Liabilities Sold:      
Other liabilities     946
Total liabilities sold     946
Net Assets Sold     1,681
Forgiveness of earn-out consideration     880
Note receivable consideration     448
Bates Companies      
Activity in restricted investment securities:      
Net cash transferred out in sale of subsidiary     (154)
Bates Companies      
Adjustments to reconcile net income to net cash provided by operating activities:      
Goodwill impairment     $ 500