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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Net income $ 71,879 $ 80,699
Adjustments to reconcile net income to net cashprovided by operating activities:    
Depreciation and amortization/accretion 5,816 5,752
Provision (Reversal of Provision) for Credit Losses 300 (1,550)
Stock option compensation expense 773 678
Amortization of deferred loan fees (306) (269)
Securities losses 0 125
Net changes in:    
Interest income receivable 4,234 (222)
Income taxes payable (11,555) 28,144
Deferred income taxes 3,000 942
Other assets (48) 173
Interest expense payable 3,711 38
Other liabilities (6,558) (6,848)
Net Cash Provided by Operating Activities 71,246 107,662
Investing Activities:    
Net repayments of loans 33,851 37,370
Purchases of debt securities available for sale (4,767) 0
Proceeds from maturity/calls of debt securities available for sale 299,754 286,702
Proceeds from maturity/calls of debt securities held to maturity 20,612 18,525
Purchases of Federal Reserve Bank stock 0 (2,326)
Purchases of premises and equipment (583) (590)
Net Cash Provided by Investing Activities 348,867 339,681
Financing Activities:    
Net change in deposits (342,827) (519,363)
Net change in borrowings 242,005 80,213
Exercise of stock options 203 0
Retirement of common stock (210) (13,747)
Common stock dividends paid (23,474) (22,495)
Net Cash Provided by (Used in) Financing Activities (124,303) (475,392)
Net Change In Cash and Due from Banks 295,810 (28,049)
Cash and Due from Banks at Beginning of Period 190,314 294,236
Cash and Due from Banks at End of Period 486,124 266,187
Supplemental disclosure of noncash activities:    
Right-of-use assets acquired in exchange for operating lease liabilities 2,970 3,934
Securities purchases pending settlement 9,051 0
Supplemental disclosure of cash flow activities:    
Cash paid for amounts included in operating lease liabilities 3,269 3,052
Interest paid for the period 4,597 1,040
Income tax payments for the period $ 34,255 $ 0