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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 92,049,000 $ 57,603,000 $ 54,717,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of deferred loan fees, costs, and purchased premiums and discounts 2,121,000 (1,464,000) 1,205,000
Net amortization of premiums and discounts on securities 4,482,000 2,508,000 1,160,000
Net amortization of mortgage servicing rights 266,000 130,000 (109,000)
Amortization of intangible assets 1,025,000 1,048,000 222,000
Depreciation and amortization of office properties and equipment 6,718,000 6,543,000 4,880,000
Amortization of operating lease right-of-use assets 3,633,000 2,641,000 0
Loss on extinguishment of debt 2,851,000 1,158,000 0
(Reversal of) provision for loan losses (9,953,000) 18,447,000 4,224,000
Gain on securities transactions (2,025,000) (370,000) (2,612,000)
Change in fair value of equity securities 1,792,000 (767,000) (305,000)
Gain on securitizations (2,259,000) (3,544,000) 0
Gain on sale of loans (8,531,000) (1,900,000) (785,000)
Loss on real estate owned 0 0 1,000
Loss on disposal of office properties and equipment 95,000 734,000 3,000
Loss on write-down of office properties and equipment 0 114,000 0
Loss on write-down of mortgage servicing rights 0 75,000 0
Deferred tax expense 17,709,000 9,738,000 7,527,000
Decrease (increase) in accrued interest receivable 2,023,000 (6,685,000) (959,000)
(Increase) in other assets (22,159,000) (75,127,000) (51,856,000)
(Decrease) increase in accrued expenses and other liabilities 1,926,000 32,891,000 3,032,000
Income on bank-owned life insurance (5,994,000) (6,620,000) (5,846,000)
Employee stock ownership plan expense 4,052,000 3,161,000 3,566,000
Stock based compensation 8,880,000 8,790,000 3,694,000
Increase (decrease) in deferred compensation obligations under Rabbi Trust 3,000 (60,000) 65,000
Net cash provided by operating activities 98,704,000 49,044,000 21,824,000
Cash flows from investing activities:      
Proceeds from sales of debt securities available for sale 90,339,000 20,761,000 65,198,000
Proceeds from sales of equity securities 1,390,000 0 1,065,000
Proceeds from paydown/maturities/calls of debt securities available for sale 368,249,000 247,908,000 149,683,000
Proceeds from paydown/maturities/calls of debt securities held to maturity 36,103,000 48,640,000 46,133,000
Purchases of debt securities available for sale (667,015,000) (292,809,000) (176,171,000)
Purchases of debt securities held to maturity (203,779,000) (12,815,000) (70,126,000)
Purchases of equity securities (91,000) 0 (416,000)
Proceeds from sales of loans held-for-sale 302,039,000 111,764,000 101,946,000
Proceeds from sales of loans receivable 0 35,613,000 11,671,000
Purchases of loans receivable (85,382,000) 0 (89,774,000)
Net increase in loans receivable (325,917,000) (80,498,000) (503,772,000)
Proceeds from bank-owned life insurance death benefits 5,000 627,000 1,015,000
Proceeds from redemptions of Federal Home Loan Bank stock 28,448,000 50,374,000 72,871,000
Purchases of Federal Home Loan Bank stock (4,798,000) (22,544,000) (79,796,000)
Proceeds from sales of office properties and equipment 1,879,000 0 0
Additions to office properties and equipment (5,492,000) (4,624,000) (19,344,000)
Proceeds from sales of real estate owned 0 0 91,000
Net cash acquired in acquisitions 20,417,000 155,248,000 (31,288,000)
Net cash (used in) provided by investing activities (443,605,000) 257,645,000 (521,014,000)
Cash flows from financing activities:      
Net increase in deposits 581,475,000 799,548,000 449,270,000
Proceeds from long-term borrowings 37,120,000 90,000,000 140,000,000
Payments on long-term borrowings (306,752,000) (343,939,000) (230,000,000)
Net (decrease) increase in short-term borrowings (244,027,000) (376,005,000) 225,081,000
Proceeds from term note 29,841,000 0 0
Payments of subordinated debt and trust preferred securities 0 (16,600,000) 0
Increase (decrease) in advance payments by borrowers for taxes and insurance 3,406,000 (3,919,000) 3,121,000
Issuance of common stock 0 0 14,000
Purchase of treasury stock (107,774,000) (108,166,000) (55,309,000)
Exercise of options (25,000) 0 0
Restricted stock forfeitures 0 (24,000) (736,000)
Repurchase of shares for taxes (357,000) (174,000) 0
Issuance of treasury stock allocated to restricted stock award grants 0 0 1,095,000
Net cash (used in) provided by financing activities (7,093,000) 40,721,000 532,536,000
Net (decrease) increase in cash and cash equivalents (351,994,000) 347,410,000 33,346,000
Cash and cash equivalents at beginning of year 422,957,000 75,547,000 42,201,000
Cash and cash equivalents at end of year 70,963,000 422,957,000 75,547,000
Cash paid during the period for:      
Interest on deposits and borrowings 37,906,000 75,557,000 87,370,000
Income tax payments, net of (refunds) 16,262,000 10,526,000 (2,893,000)
Non-cash investing and financing activities:      
Transfer of loans receivable to loans held-for-sale 289,362,000 114,171,000 93,147,000
Securitization of loans 99,603,000 117,259,000 21,615,000
Initial recognition of operating lease right-of-use asset 0 22,218,000 0
Initial recognition of operating lease liabilities 0 23,290,000 0
Non-cash assets acquired:      
Debt securities available for sale 118,017,000 51,479,000 51,710,000
Debt securities held to maturity 0 13,418,000 0
Equity securities 0 1,796,000 1,073,000
Federal Home Loan Bank stock 3,032,000 2,010,000 3,716,000
Loans receivable 158,912,000 171,593,000 757,223,000
Accrued interest receivable 867,000 679,000 2,239,000
Office properties and equipment, net 5,934,000 5,774,000 6,815,000
Bank-owned life insurance 8,661,000 17,245,000 22,096,000
Core deposit and other intangibles 42,000 0 7,467,000
Other assets 616,000 7,964,000 4,301,000
Total non-cash assets acquired 296,081,000 271,958,000 856,640,000
Liabilities assumed:      
Deposits 210,117,000 333,234,000 782,698,000
Borrowings 59,908,000 37,728,000 82,761,000
Advance payments by borrowers for taxes and insurance 495,000 982,000 356,000
Accrued expenses and other liabilities 4,822,000 5,400,000 14,584,000
Total liabilities assumed 275,342,000 377,344,000 880,399,000
Net non-cash assets acquired (liabilities assumed) 20,739,000 (105,386,000) (23,759,000)
Net cash and cash equivalents acquired in acquisitions $ 20,417,000 $ 155,248,000 $ 105,006,000