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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of Cash Flows [Abstract]      
Net income $ 63,351 $ 62,895 $ 56,152
ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH FROM OPERATING ACTIVITIES      
Proceeds from sales of loans held for sale 549,079 1,283,741 1,478,908
Disbursements for loans held for sale (514,244) (1,210,897) (1,438,982)
Provision for credit losses 5,341 [1] (1,928) [2] 12,463 [2]
Deferred income tax (benefit) expense (359) 1,912 (2,130)
Net deferred loan fees (costs) (4,155) (7,857) 1,686
Net depreciation, amortization of intangible assets and premiums and accretion of discounts on securities, loans and interest bearing deposits - time 10,827 12,130 9,161
Net gains on mortgage loans (6,431) (35,880) (62,560)
Net (gains) losses on securities available for sale 275 (1,411) (267)
Share based compensation 2,143 1,947 1,980
Increase in accrued income and other assets (25,843) (11,669) (7,966)
Increase in accrued expenses and other liabilities 14,648 17,171 10,239
Total Adjustments 31,281 47,259 2,532
Net Cash From Operating Activities 94,632 110,154 58,684
CASH FLOW USED IN INVESTING ACTIVITIES      
Proceeds from the sale of securities available for sale 70,523 85,371 38,095
Proceeds from maturities, prepayments and calls of securities available for sale 167,550 375,723 306,691
Proceeds from maturities, prepayments and calls of securities held to maturity 21,964 0 0
Purchases of securities available for sale (137,550) (824,348) (859,068)
Purchases of securities held to maturity (2,658) 0 0
Proceeds from the maturity of interest bearing deposits - time 0 0 350
Proceeds from the redemption of Federal Home Loan Bank stock 774 0 0
Purchase of Federal Home Loan Bank stock 0 0 (68)
Net increase in portfolio loans (loans originated, net of principal payments) (605,902) (205,539) (41,861)
Proceeds from the sale of portfolio loans 63,397 10,032 2,395
Proceeds from the sale of other real estate and repossessed assets 723 1,004 1,367
Proceeds from bank-owned life insurance 433 467 1,441
Proceeds from the sale of property and equipment 1,833 63 1,133
Capital expenditures (5,679) (5,837) (4,383)
Net Cash Used In Investing Activities (424,592) (563,064) (553,908)
CASH FLOW FROM FINANCING ACTIVITIES      
Net increase in total deposits 261,979 479,735 600,628
Net increase (decrease) in other borrowings 60,997 (3) (24,994)
Proceeds from Federal Home Loan Bank advances 290,000 100,000 239,254
Payments of Federal Home Loan Bank advances (295,000) (100,000) (272,910)
Proceeds from issuance of subordinated debt, net of issuance costs 0 0 39,236
Dividends paid (18,565) (18,155) (17,618)
Proceeds from issuance of common stock 77 61 15
Repurchase of common stock (4,010) (17,269) (14,231)
Share based compensation withholding obligation (620) (691) (755)
Net Cash From (Used In) Financing Activities 294,858 443,678 548,625
Net Increase (Decrease) in Cash and Cash Equivalents (35,102) (9,232) 53,401
Cash and cash equivalents at beginning of year 109,473 118,705 65,304
Cash and cash equivalents at end of year 74,371 109,473 118,705
Cash paid during the year for      
Interest 17,657 8,419 16,912
Income taxes 10,040 14,059 15,500
Transfers to other real estate and repossessed assets 719 253 332
Transfer of securities available for sale to held to maturity 391,618 0 0
Transfer of mortgage loans to held for sale 20,367 34,811 0
Securitization of portfolio loans 0 0 26,324
Right of use assets obtained in exchange for lease obligations 791 283 1,587
Purchase of securities available for sale not yet settled $ 0 $ 0 $ 1,000
[1] Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.
[2] Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.