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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:      
Net income $ 84,740,000 $ 107,369,000 $ 95,041,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Net amortization (accretion) of premiums, discounts and deferred loan fees and costs 5,351,000 5,918,000 (3,981,000)
Depreciation and amortization 5,115,000 5,138,000 5,126,000
Amortization of intangible assets 2,029,000 2,351,000 868,000
Amortization of operating lease right-of-use assets 4,616,000 9,319,000 2,267,000
Provision (benefit) for credit losses 13,052,000 8,514,000 (10,896,000)
Stock-based compensation 4,982,000 5,777,000 4,073,000
Loans originated for sale (51,249,000) (57,467,000) (56,956,000)
Proceeds from sales of loans held for sale 52,634,000 66,259,000 58,612,000
Gains on investment securities transactions, net 0 0 (9,000)
Gains on sales of loans held for sale (1,513,000) (2,765,000) (2,264,000)
Income on bank owned life insurance (3,276,000) (3,124,000) (2,550,000)
Gain on death benefits from bank owned life insurance (220,000) (855,000) (126,000)
Change in fair value of equity securities (110,000) 1,302,000 285,000
Gains on other real estate and other repossessed assets (19,000) (23,000) (32,000)
Loss on sale of premises and equipment 42,000 872,000 281,000
Loss on property held for sale 41,000 0 0
Loss on property held for sale 0 345,000 0
Long-term debt extinguishment costs 0 0 831,000
Deferred tax (benefit) expense (1,017,000) 2,747,000 5,422,000
Excess tax benefits (deficiencies) 130,000 69,000 (89,000)
Decrease (increase) in other assets 5,942,000 (68,863,000) 36,589,000
(Decrease) increase in other liabilities (5,665,000) 41,813,000 (37,389,000)
Net Cash Provided by Operating Activities 115,605,000 124,696,000 95,103,000
Cash Flows from Investing Activities:      
Net cash acquired in acquisitions 0 326,236,000 0
Proceeds from repayments and maturities of available for sale securities 113,299,000 135,960,000 181,706,000
Proceeds from repayments and maturities of held to maturity securities 94,493,000 137,241,000 66,709,000
Proceeds from sales of available for sale securities 0 0 4,402,000
Purchase of available for sale securities 0 (312,904,000) (611,589,000)
Purchase of held to maturity securities (12,265,000) (117,233,000) (310,128,000)
Purchase of equity securities (304,000) (1,217,000) (2,959,000)
Proceeds from redemptions of Federal Home Loan Bank stock 224,809,000 78,451,000 13,817,000
Purchases of Federal Home Loan Bank stock (234,843,000) (110,638,000) (10,887,000)
Death benefit proceeds from bank owned life insurance 716,000 2,005,000 470,000
Net (increase) decrease in loans (473,341,000) (783,353,000) 35,945,000
Proceeds from sales of loans previously held for investment 0 0 21,765,000
Proceeds from dispositions and sales of bank premises and equipment 0 0 278,000
Purchases of premises and equipment (5,069,000) (6,432,000) (4,851,000)
Proceeds from sales of other real estate and other repossessed assets 1,933,000 23,000 32,000
Net Cash Used in Investing Activities: (290,572,000) (651,861,000) (615,290,000)
Cash Flows from Financing Activities:      
Net increase (decrease) in deposits 13,939,000 (48,469,000) 510,077,000
(Decrease) increase in federal funds purchased and securities sold under agreements to repurchase (14,646,000) 622,344,000 (63,107,000)
Proceeds from other borrowings 300,000,000 0 0
Proceeds from issuance of subordinated debt, net 0 0 147,738,000
Redemption of subordinated debentures, net 0 0 (88,330,000)
Exercise of stock options 0 0 19,000
Retirement of restricted stock (1,550,000) (1,956,000) (651,000)
Dividends paid (38,071,000) (37,334,000) (27,119,000)
Net Cash Provided by Financing Activities: 259,672,000 534,585,000 478,627,000
Net increase (decrease) in cash and cash equivalents 84,705,000 7,420,000 (41,560,000)
Cash and cash equivalents, beginning of year 235,950,000 228,530,000 270,090,000
Cash and cash equivalents, end of year 320,655,000 235,950,000 228,530,000
Supplemental schedule of non-cash investing and financing activities:      
Cash paid during the period for income taxes 28,546,000 37,227,000 29,111,000
Cash paid during the period for interest 199,204,000 52,110,000 23,372,000
Transfer of debt securities to held to maturity at fair value 0 0 494,164,000
Transfer of loans to loans held for sale 0 0 21,689,000
Right-of-use asset obtained in exchange for new operating lease liabilities 573,000 1,158,000 717,000
Non-cash assets acquired:      
Federal Home Loan Bank stock 0 1,247,000 0
Investment securities available for sale 0 217,774,000 0
Investment securities held to maturity 0 124,485,000 0
Loans held for sale 0 4,620,000 0
Loans 0 1,095,266,000 0
Fixed assets 0 13,748,000 0
Operating lease right-of-use assets, net 0 12,991,000 0
Goodwill and other intangible assets, net 0 124,570,000 0
Bank owned life insurance 0 37,580,000 0
Other assets 0 8,820,000 0
Total non-cash assets acquired 0 1,641,101,000 0
Liabilities assumed:      
Deposits 0 1,650,613,000 0
Subordinated debt 0 14,734,000 0
Operating lease liabilities 0 12,991,000 0
Other liabilities 0 3,257,000 0
Total liabilities assumed 0 1,681,595,000 0
Common stock issued for acquisitions $ 0 $ 285,742,000 $ 0