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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 9,487,000 $ 34,434,000
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 39,065,000 23,562,000
(Reversal of) provision for unfunded loan commitments (260,000) 532,000
Reversal of provision for loan repurchases (300,000) (2,366,000)
Depreciation on premises and equipment 7,800,000 8,061,000
Amortization of intangible assets 1,741,000 2,363,000
Amortization of debt issuance cost 165,000 155,000
Net amortization of premium and discount on securities 738,000 908,000
Impairment loss on investment securities 731,000 0
Net amortization (accretion) of deferred loan costs and fees 479,000 (551,000)
Accretion of discounts on purchased loans (311,000) (583,000)
Deferred income tax benefit (2,600,000) (5,314,000)
Bank owned life insurance income (1,693,000) (1,617,000)
Share-based compensation expense 3,844,000 5,273,000
Loss on interest rate swaps 8,964,000 0
Loss on investments in alternative energy partnerships 655,000 4,258,000
Impairment on capitalized software projects 986,000 1,975,000
Net revenue from mortgage banking activities 0 (396,000)
Net gain on sale of loans (8,705,000) (1,059,000)
Net loss (gain) on sale of securities available for sale 4,855,000 (5,532,000)
Loss from change of fair value of mortgage servicing rights 0 1,274,000
Loss on sale or disposal of property and equipment 20,000 61,000
Loss on sale of mortgage servicing rights 0 2,426,000
Net gain on disposal of discontinued operations 0 (1,275,000)
Repurchase of mortgage loans (1,929,000) (12,666,000)
Originations of other loans held-for-sale 0 (6,274,000)
Proceeds from sales of and principal collected on loans held-for-sale from mortgage banking 4,905,000 27,535,000
Proceeds from sales of and principal collected on other loans held-for-sale 426,000 7,044,000
Change in accrued interest receivable and other assets (12,570,000) 15,295,000
Change in accrued interest payable and other liabilities 3,633,000 (1,070,000)
Net cash provided by operating activities 60,126,000 96,453,000
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 822,979,000 417,870,000
Proceeds from maturities and calls of securities available-for-sale 38,029,000 478,200,000
Proceeds from principal repayments of securities available-for-sale 35,337,000 33,118,000
Purchases of securities available-for-sale 0 (425,076,000)
Loan and lease originations and principal collections, net 151,655,000 (839,121,000)
Redemption of Federal Home Loan Bank stock 56,551,000 51,975,000
Purchase of Federal Home Loan Bank and other bank stock (60,136,000) (47,629,000)
Proceeds from sale of loans 1,140,851,000 230,291,000
Proceeds from sale of other real estate owned 843,000 1,795,000
Proceeds from sale of mortgage servicing rights 0 30,056,000
Proceeds from sale of premises and equipment 0 19,000
Purchases of premises and equipment (8,391,000) (7,546,000)
Payments of capital lease obligations (347,000) (339,000)
Funding of equity investment (14,599,000) (2,874,000)
Decrease in investments in alternative energy partnerships 1,294,000 1,027,000
Net cash provided by (used in) investing activities 2,164,066,000 (78,234,000)
Cash flows from financing activities:    
Net (decrease) increase in deposits (2,146,586,000) 108,839,000
Net increase (decrease) in short-term Federal Home Loan Bank advances 155,000,000 (410,000,000)
Repayment of long-term Federal Home Loan Bank advances (25,000,000) (25,000,000)
Proceeds from long-term Federal Home Loan Bank advances 0 380,000,000
Redemption of preferred stock (46,396,000) (40,250,000)
Purchase of restricted stock surrendered due to employee tax liability (902,000) (2,119,000)
Dividend equivalents paid on stock appreciation rights (390,000) (607,000)
Dividends paid on preferred stock (12,019,000) (18,308,000)
Dividends paid on common stock (12,617,000) (26,252,000)
Net cash used in financing activities (2,088,910,000) (33,697,000)
Net change in cash and cash equivalents 135,282,000 (15,478,000)
Cash and cash equivalents at beginning of period 391,592,000 387,699,000
Cash and cash equivalents at end of period 526,874,000 372,221,000
Supplemental cash flow information    
Interest paid on deposits and borrowed funds 120,042,000 90,365,000
Income taxes paid 2,822,000 4,435,000
Income taxes refunds received 142,000 4,502,000
Supplemental disclosure of non-cash activities    
Transfer from loans to other real estate owned, net 276,000 434,000
Transfer of loans held-for-investment to loans held-for-sale 1,127,898,000 231,844,000
Equipment acquired under capital leases 40,000 41,000
Operating lease right of use assets recognized 28,664,000  
Operating lease liabilities recognized 30,065,000  
Receivable on unsettled securities sales 334,769,000 0
Reclassification of stranded tax effects to retained earnings 0 496,000
Due on unsettled securities purchases $ 0 $ 17,500,000