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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 95,733 $ 84,337 $ 87,047
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 6,105 6,042 5,930
Provision for credit losses 1,077 14,770 3,235
Net loss on sale and write down of other real estate owned 67 0 0
Amortization of loan servicing rights 2,282 772 528
Net change in loan servicing rights valuation allowance 0 715 0
Loans originated for sale (119,439) (117,600) (66,008)
Net gain on sales of loans (4,376) (4,510) (2,043)
Proceeds from sale of loans 126,391 114,244 64,820
Net (gain) loss on sale of premises and equipment 43 86 (3)
Net (gain) loss on sales and calls of securities available-for-sale (797) (433) (142)
Net amortization of available -for-sale securities 4,959 3,998 3,947
Stock based compensation expense 7,158 1,790 4,187
Earnings on life insurance (2,467) (2,105) (1,890)
Gain on life insurance (415) (730) (841)
Tax benefit of stock award issuances (330) (71) (529)
Net change:      
Interest receivable and other assets (1,852) (6,315) (4,733)
Interest payable and other liabilities (371) (7,762) 6,534
Total adjustments 18,035 2,891 12,992
Net cash from operating activities 113,768 87,228 100,039
Cash flows from investing activities:      
Proceeds from sale of securities available- for-sale 13,964 8,018 57,114
Proceeds from maturities, calls and principal paydowns of securities available-for-sale 137,812 97,998 67,818
Purchases of securities available-for-sale (835,001) (216,478) (129,453)
Purchase of life insurance (711) (10,409) (5,552)
Net increase in total loans 356,660 (587,377) (152,119)
Proceeds from sales of land, premises and equipment 8 658 14
Purchases of land, premises and equipment (6,167) (5,719) (7,998)
Proceeds from sales of other real estate owned 946 0 0
Proceeds from life insurance 943 1,285 1,483
Net cash from investing activities (331,546) (712,024) (168,693)
Cash flows from financing activities:      
Net increase in total deposits 698,602 902,986 89,754
Net increase (decrease) in short-term borrowings (10,500) 10,500 (75,555)
Payments on short-term FHLB borrowings 0 (170,000) 0
Payments on long-term FHLB borrowings 0 0 0
Proceeds from long-term FHLB borrowings 0 75,000 0
Payments on subordinated debentures 0 0 (30,928)
Common dividends paid (34,640) (30,566) (29,639)
Preferred dividends paid (13) (13) (13)
Payments related to equity incentive plan (1,914) (2,137) (2,109)
Purchase of treasury stock (559) (10,547) (515)
Sales of treasury stock 115 119 118
Net cash from financing activities 651,091 775,342 (48,887)
Net change in cash and cash equivalents 433,313 150,546 (117,541)
Beginning balance 249,927 99,381 216,922
Ending balance 683,240 249,927 99,381
Cash paid during the year for:      
Interest 18,471 35,740 58,964
Income taxes 25,947 19,355 21,035
Supplemental non-cash disclosures:      
Loans transferred to other real estate owned 893 35 0
Property transferred to held for sale 0 0 0
Right-of-use assets obtained in exchange for lease liabilities $ 0 $ 0 $ 5,483