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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 23,759 $ 45,472 $ 57,709
Adjustments to reconcile net income to net cash provided by operating activities      
Provision for loan losses 36,387 30,215 13,699
(Reversal of) provision for unfunded loan commitments (558) 906 1,331
Reversal of provision for loan repurchases (660) (2,488) (1,812)
Depreciation and amortization on premises, equipment and operating lease right-of-use assets 16,427 10,878 12,425
Amortization of intangible assets 2,195 3,007 3,928
Amortization of debt issuance cost 247 233 247
Net amortization (accretion) of premium and discount on securities 783 1,213 (2,432)
Impairment loss on investment securities 731 3,252 0
Net amortization (accretion) of deferred loans cost and fees 916 (612) (1,318)
Accretion of discounts on purchased loans (365) (637) (4,808)
Deferred income tax benefit (622) (5,911) (30,372)
Bank owned life insurance income (2,292) (2,176) (2,339)
Share-based compensation expense 5,039 6,565 12,134
Loss on interest rate swaps 8,964 0 0
Loss on investments in alternative energy partnerships, net 5,214 5,044 30,786
Impairment on intangible assets 0 0 336
Impairment on capitalized software projects 1,481 1,975 1,957
Net revenue on mortgage banking activities 0 (428) (42,889)
Net gain on sale of loans (7,872) (1,932) (11,942)
Net loss (gain) on sale of securities available for sale 4,852 (5,532) (14,768)
Loss from change of fair value on mortgage servicing rights 0 1,533 17,051
Loss (gain) on sale or disposal of property and equipment 67 (1,741) 1,070
Loss on sale of mortgage servicing rights 0 2,260 0
Net gain on disposal of discontinued operations 0 (1,439) (13,796)
Repurchase of mortgage loans (1,929) (12,666) (31,913)
Originations of loans held-for-sale from mortgage banking 0 0 (1,533,889)
Originations of other loans held-for-sale 0 (5,839) (97,156)
Proceeds from sales of and principal collected on loans held-for-sale from mortgage [1] 6,210 25,216 1,961,275
Proceeds from sales of and principal collected on other loans held-for-sale 426 7,037 302,695
Change in accrued interest receivable and other assets (15,447) 24,860 2,604
Change in accrued interest payable and other liabilities [1] (3,698) (5,262) (66,802)
Net cash provided by operating activities 80,255 123,003 563,011
Cash flows from investing activities:      
Proceeds from sales of securities available-for-sale 1,196,498 417,870 981,481
Proceeds from maturities and calls of securities available-for-sale 53,090 607,601 518,978
Proceeds from principal repayments of securities available-for-sale 36,541 43,378 43,936
Proceeds from maturities and calls of securities held-to-maturity 0 0 143,505
Purchases of securities available-for-sale (195,258) (521,575) (962,390)
Purchases of bank owned life insurance (500) 0 0
Net cash provided by disposal of discontinued operations 0 0 56,123
Loan originations and principal collections, net 573,490 (1,374,702) (1,128,172)
Purchase of loans 0 (59,481) 0
Redemption of Federal Home Loan Bank stock 82,835 66,710 29,612
Purchase of Federal Home Loan Bank and other bank stocks (74,161) (59,150) (37,424)
Proceeds from sale of loans held-for-sale/held-for-investment 1,146,562 376,837 605,502
Net change in time deposits in financial institutions 0 0 1,000
Proceeds from sale of other real estate owned 843 1,795 3,508
Proceeds from sale of mortgage servicing rights 0 30,056 1,496
Proceeds from sale of premises and equipment 0 4,193 2,663
Additions to premises and equipment (10,478) (9,001) (15,323)
Payments of capital lease obligations (574) (463) (1,434)
Funding of equity investment (14,800) (6,361) (35,826)
Net decrease (increase) in investments in alternative energy partnerships 1,219 12,547 (55,377)
Net cash provided by (used in) investing activities 2,795,307 (469,746) 151,858
Cash flows from financing activities:      
Net (decrease) increase in deposits (2,489,477) 623,741 (1,849,247)
Net (decrease) increase in short-term Federal Home Loan Bank advances (200,000) (430,000) 805,000
Repayment of long-term Federal Home Loan Bank advances (125,000) (125,000) (100,000)
Proceeds from long-term Federal Home Loan Bank advances 0 380,000 500,000
Net decrease in other short-term borrowings 0 0 (68,000)
Redemption of preferred stock (46,396) (40,250) 0
Payment of junior subordinated amortizing notes 0 0 (2,684)
Proceeds from exercise of stock options 0 0 2,043
Restricted stock surrendered due to employee tax liability (1,023) (2,366) (6,824)
Dividend equivalents paid on stock appreciation rights (483) (810) (810)
Dividends paid on preferred stock (15,559) (21,954) (20,451)
Dividends paid on common stock (15,744) (32,725) (25,707)
Net cash (used in) provided by financing activities (2,893,682) 350,636 (766,680)
Net change in cash and cash equivalents (18,120) 3,893 (51,811)
Cash and cash equivalents at beginning of year 391,592 387,699 439,510
Cash and cash equivalents at end of year 373,472 391,592 387,699
Supplemental cash flow information      
Interest paid on deposits and borrowed funds 151,508 130,793 81,805
Income taxes paid 2,924 8,324 11,318
Income taxes refunds received 202 4,532 14,119
Supplemental disclosure of non-cash activities      
Transfer from loans to other real estate owned, net 276 672 3,086
Transfer of loans held-for-investment to loans held-for-sale 1,139,597 376,995 593,977
Transfer of loans held-for-sale to loans held-for-investment 0 0 88,591
Reclassification of securities held-to-maturity to securities available-for-sale 0 0 740,863
Equipment acquired under capital leases 76 82 1,452
Reclassification of stranded tax effects to retained earnings 0 496 0
Receivable on unsettled securities sales 0 0 5,559
Operating lease right of use assets recognized 28,664    
Operating lease liabilities recognized 30,065    
Loans sold to Ginnie Mae that are subject to a repurchase option $ 0 $ 0 $ 65,998
[1]
We made certain immaterial reclassification adjustments within operating activities during the year ended December 31, 2017.