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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (144,344) $ (27,508)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Goodwill impairment 0 39,857
Provision for credit losses 0 (441)
Loss on sale of $990 million of multifamily loans 88,618 0
Depreciation and amortization, premises and equipment 6,580 7,146
Amortization of premiums and discounts: investment securities, deposits, debt 2,689 357
Operating leases: excess of payments over amortization (3,101) (3,145)
Amortization of finance leases 181 425
Amortization of core deposit intangibles 2,500 2,951
Amortization of deferred loan fees and costs (287) (1,039)
Share-based compensation expense 3,430 3,613
Lease abandonment costs 1,064 0
Deferred income tax (benefit) expense 17,943 (9,129)
Loss on debt extinguishment 452 0
Origination of LHFS (517,998) (362,453)
Proceeds from sale of LHFS 521,128 363,327
Net fair value adjustment and gain on sale of LHFS (2,635) (676)
Origination of MSRs (5,599) (3,645)
Change in fair value of MSRs 4,757 5,964
Amortization of servicing rights 5,612 5,778
Net fair value adjustment, gain on sale and provision for losses on other real estate owned 180 (975)
Net decrease (increase) in trading securities (10,046) (5,695)
Decrease (increase) in other assets 10,862 (44,386)
Increase (decrease) in accounts payable and other liabilities (27,907) 37,698
Net cash provided by (used in) operating activities (45,921) 8,024
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of investment securities 0 (53,232)
Proceeds from sale of investment securities 0 4,693
Principal payments on investment securities 229,556 192,555
Proceeds from sale of OREO 126 2,972
Proceeds from sale of $990 million of multifamily loans 905,625 0
Net decrease in LHFI, excluding sale of $990 million of multifamily loans 194,086 18,958
Purchases of premises and equipment (490) (3,811)
Net cash received from acquisitions of branches 0 327,901
Proceeds from sale of Federal Home Loan Bank stock 305,113 222,814
Purchases of Federal Home Loan Bank stock (300,496) (228,802)
Net cash provided by investing activities 1,333,520 484,048
CASH FLOWS FROM FINANCING ACTIVITIES:    
Decrease in deposits, net (351,043) (1,065,463)
Changes in short-term borrowings, net (100,000) 84,000
Proceeds from other long-term borrowings 510,000 1,180,000
Repayment of other long-term borrowings (1,155,452) (535,000)
Repayment of finance lease principal (168) (456)
Dividends paid on common stock 0 (12,317)
Net cash used in financing activities (1,096,663) (349,236)
Net increase in cash and cash equivalents 190,936 142,836
Cash and cash equivalents, beginning of year 215,664 72,828
Cash and cash equivalents, end of year 406,600 215,664
Cash paid during the period for:    
Interest 298,498 217,132
Federal and state income taxes (net refunds) (637) (5,287)
Non-cash activities:    
LHFI foreclosed and transferred to OREO 0 3,576
Loans transferred from LHFI to LHFS, net 1,170 2,507
Ginnie Mae loans derecognized with the right to repurchase, net 506 1,301
New investments in low income housing tax credit partnerships ("LIHTC") 0 15,000
LIHTC amortization 5,684 4,732
Repurchase of common stock - award shares 134 316
Acquisition:    
Loans acquired 0 21,197
Premises and equipment and other assets 0 5,845
Liabilities assumed 0 377,412
Goodwill and other intangibles $ 0 $ 22,469