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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 25,557 $ 30,316
Adjustments to reconcile net income to net cash provided by operations:    
Provision for credit loss expense 3,911 3,695
Depreciation and amortization of premises and equipment, operating leases assets, core deposit intangible, and mortgage servicing rights 3,921 3,842
Accretion of securities, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income (2,467) (2,167)
Net amortization of deferred costs on borrowings 152 151
Net realized gains on sales of available-for-sale securities 0 (52)
Net realized and unrealized (gains) losses on equity securities (111) 530
Gain on sale of loans held for sale (344) (212)
Net losses on dispositions of premises and equipment and foreclosed assets 88 27
Proceeds from sale of loans receivable 11,906 7,561
Origination of loans held for sale (12,439) (9,737)
Income on bank owned life insurance (1,551) (1,457)
Restricted stock compensation expense 1,365 961
Change in:    
Accrued interest receivable and other assets (13,187) (2,484)
Accrued interest payable, lease liabilities, and other liabilities 6,099 (14,578)
NET CASH PROVIDED BY OPERATING ACTIVITIES 22,900 16,396
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities, prepayments and calls of available-for-sale securities 21,234 20,168
Proceeds from sales of available-for-sale securities 0 13,151
Purchase of available-for-sale securities (41,313) (13,203)
Proceeds from maturities, prepayments and calls of held-to-maturity securities 34,890 11,011
Purchase of equity securities (242) (181)
Proceeds from sales of loans classified as portfolio loans 11,182 4,994
Net increase in loans receivable (23,532) (192,961)
Redemption (purchase) of FHLB, other equity, and restricted equity interests (9,404) 2,832
Purchase of premises and equipment (8,742) (7,158)
Purchase of other intangible assets 0 (125)
Proceeds from the sale of premises and equipment and foreclosed assets 188 52
NET CASH USED BY INVESTING ACTIVITIES (15,739) (161,420)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in checking, money market and savings accounts 104,241 202,355
Net increase in certificates of deposit 7,854 108,283
Purchase of treasury stock (652) (4,820)
Cash dividends paid, common stock (7,355) (7,370)
Cash dividends paid, preferred stock (2,150) (2,150)
Net change in short-term borrowings 0 (132,396)
NET CASH PROVIDED BY FINANCING ACTIVITIES 101,938 163,902
NET INCREASE IN CASH AND CASH EQUIVALENTS 109,099 18,878
CASH AND CASH EQUIVALENTS, Beginning 222,046 106,285
CASH AND CASH EQUIVALENTS, Ending 331,145 125,163
Cash paid during the period for:    
Interest 64,316 43,474
Income taxes 5,298 4,724
SUPPLEMENTAL NONCASH DISCLOSURES:    
Transfers to other real estate owned 275 161
Transfers from loans held for sale to loans held for investment 1,239 1,064
Transfers from loans held for investment to loans held for sale 438 166
Grant of restricted stock awards from treasury stock 3,025 2,743
Grant of performance based restricted stock awards from treasury stock 179 111
Restricted stock forfeiture 100 63
Lease liabilities arising from obtaining right-of-use assets $ 442 $ 5,001