Best Smothered Chicken and Rice

Ingredients

• 4 bone-in chicken thighs or breasts
• 1 teaspoon salt
• 1 teaspoon black pepper
• 1 teaspoon garlic powder
• 1 teaspoon onion powder
• 1/2 teaspoon paprika
• 2 tablespoons olive oil
• 1 large onion, sliced
• 2 cloves garlic, minced
• 1 green bell pepper, sliced
• 1 red bell pepper, sliced
• 1 cup chicken broth
• 1 cup uncooked long-grain rice
• 1 can (10.5 oz) cream of chicken soup
• 1/2 cup sour cream
• 1 teaspoon dried thyme
• 1 teaspoon dried parsley
• 1 cup shredded cheddar cheese (optional)
• 2 cups water