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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 85,990 $ 52,392
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses (9,000) 20,469
Depreciation and amortization, premises and equipment 7,294 6,955
Amortization of premiums and discounts: securities, deposits, debt 4,788 7,228
Operating leases: excess of payments over amortization (3,015) (2,731)
Amortization of finance leases 786 1,001
Amortization of core deposit intangibles 878 1,030
Amortization of deferred loan fees and costs (7,544) 1,728
Share-based compensation expense 2,557 2,030
Lease impairment costs 248 4,623
Deferred income tax expense (benefit) 7,777 (6,998)
Origination of LHFS (1,785,393) (1,670,272)
Proceeds from sale of LHFS 1,932,447 1,605,064
Net fair value adjustment and gain on sale of LHFS (36,359) (55,443)
Origination of MSRs (27,908) (19,071)
Net gain on sale of loans originated as LHFI (4,613) (3,760)
Change in fair value of MSRs 8,267 34,033
Amortization of servicing rights 5,235 4,084
(Increase) decrease in other assets 528 (24,842)
Increase (decrease) in accounts payable and other liabilities (489) 2,149
Net cash provided by (used in) operating activities 182,474 (40,331)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of investment securities (112,146) (348,384)
Proceeds from sale of investment securities 28,187 58,487
Principal payments on investment securities 159,037 152,643
Proceeds from sale of OREO 0 650
Proceeds from sale of loans originated as LHFI 251,474 349,498
Net cash provided by disposal of discontinued operations 0 2,759
Net increase in LHFI (492,666) (603,847)
Proceeds from sale of premises and equipment 0 1,460
Purchase of premises and equipment (852) (2,972)
Proceeds from sale of Federal Home Loan Bank stock 89,882 112,808
Purchases of Federal Home Loan Bank stock (78,286) (116,993)
Net cash provided by (used in) investing activities (155,370) (393,891)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase (decrease) in deposits, net 538,005 475,639
Changes in short-term borrowings, net (322,800) 43,000
Proceeds from other long-term borrowings 50,000 0
Repayment of other long-term borrowings (50,000) 0
Repayment of finance lease principal (787) (973)
Repurchases of common stock (65,001) (51,939)
Proceeds from exercise of stock options 263 237
Dividends paid on common stock (16,171) (10,556)
Net cash provided by (used in) financing activities 133,509 455,408
Net increase in cash and cash equivalents 160,613 21,186
Cash and cash equivalents, beginning of year 58,049 57,880
Cash and cash equivalents, end of period 218,662 79,066
Cash paid during the period for:    
Interest 12,371 36,645
Federal and state income taxes 28,156 11,236
Non-cash activities:    
Increase in lease assets and lease liabilities 910 0
Decrease in lease assets and lease liabilities 0 38,754
Loans transferred from LHFI to LHFS, net 390,521 412,219
Ginnie Mae loans recognized with the right to repurchase, net 0 105,727
Ginnie Mae loans derecognized with the right to repurchase, net 70,197 0
Repurchase of common stock-award shares $ 3,868 $ 842