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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows From Operating Activities      
Net Income $ 120,986 $ 104,033 $ 106,507
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 8,609 8,245 6,115
(Accretion of discounts) and amortization of premiums on securities, net (2,963) (949) 576
Amortization of operating lease right-of-use assets 8,221 8,053 6,485
Other amortization and accretion, net 2,379 (15,875) (1,967)
Stock based compensation 13,744 13,440 11,155
Origination of loans designated for sale (95,420) (113,151) (186,504)
Sale of loans designated for sale 99,548 116,563 221,199
Provision for credit losses 16,258 37,518 26,183
Deferred income taxes 9,552 9,442 (10,398)
Losses on securities 8,016 2,935 0
Gains on sale of loans (5,499) (4,211) (5,687)
Losses (gains) on sale and write-downs of other real estate owned 134 450 (1,749)
Losses on disposition of fixed assets and write-downs upon transfer of bank premises to other real estate owned 291 1,842 1,394
Changes in operating assets and liabilities, net of effects from acquired companies:      
Net (increase) decrease in other assets (5,759) (8,967) 508
Net increase (decrease) in other liabilities 1,805 (8,755) 22,042
Net cash provided by operating activities 179,902 150,613 195,859
Cash Flows From Investing Activities      
Maturities and repayments of debt securities available-for-sale 382,683 220,114 270,785
Maturities and repayments of debt securities held-to-maturity 45,257 69,471 96,925
Proceeds from sale of debt securities available-for-sale 216,983 113,400 515,183
Purchases of debt securities available-for-sale (993,920) (100,873) (693,625)
Purchases of debt securities held-to-maturity 0 0 (206,065)
Maturities and redemptions of time deposits with other banks 6,124 1,984 3,237
Purchases of time deposits with other banks (3,482) (4,605) 0
Net new loans and principal repayments (243,757) 110,665 (513,343)
Purchases of loans held for investment (44,556) 0 (111,292)
Proceeds from the sale of loans held for investment 34,399 0 0
Proceeds from the sale of other real estate owned 2,841 577 15,951
Additions to other real estate owned 0 0 (591)
Proceeds from sale of FHLB and Federal Reserve Bank stock 11,314 73,473 0
Purchase of FHLB and Federal Reserve Bank stock (20,840) (88,141) (11,924)
Proceeds from sale of Visa Class B shares 4,104 0 0
Redemption of bank owned life insurance 0 0 25,782
Purchase of bank owned life insurance 0 0 (25,000)
Net cash from bank acquisitions 0 141,674 281,747
Additions to bank premises and equipment (4,034) (10,293) (12,645)
Net cash (used in) provided by investing activities (606,884) 527,446 (364,875)
Cash Flows From Financing Activities      
Net increase (decrease) in deposits 465,493 (324,002) (384,403)
Net (decrease) increase in repurchase agreements (142,502) 202,544 50,464
Net decrease in FHLB borrowings with original maturities of three months or less 0 (280,000) (62,500)
Repayments of FHLB borrowings with original maturities of more than three months (160,000) (75,000) (7,500)
Proceeds from FHLB borrowings with original maturities of more than three months 355,000 110,000 75,000
Stock based employee benefit plans 945 5,100 3,408
Repurchase of common stock (880) (10,868) 0
Dividends paid (61,649) (60,591) (41,242)
Net cash provided by (used in) financing activities 456,407 (432,817) (366,773)
Net increase (decrease) in cash and cash equivalents 29,425 245,242 (535,789)
Cash and cash equivalents at beginning of period 447,182 201,940 737,729
Cash and cash equivalents at end of period 476,607 447,182 201,940
Supplemental disclosure of cash flow information:      
Cash paid for interest 287,272 191,225 13,743
Cash paid (refunded) for taxes, net 18,497 (5,921) 29,591
Recognition of operating lease right-of-use assets, other than through bank acquisition, net of terminations 0 2,068 3,370
Recognition of operating lease liabilities, other than through bank acquisition, net of terminations 0 2,080 3,370
Supplemental disclosure of non-cash investing activities:      
Transfer of loans from held for investment to held for sale [1] 19,775 0 0
Transfer from loans to other real estate owned [1] 953 0 0
Transfer from bank premises to other real estate owned [1] $ 883 $ 6,286 $ 1,674
[1]
1See "Note 17 - Business Combinations" for non-cash transactions related to business combinations.