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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 33,425 $ (25,042)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
(Reversal of) provision for credit losses (3,261) 27,587
Reversal of provision for loan repurchases (231) (634)
Depreciation on premises and equipment 7,741 8,404
Amortization of intangible assets 564 859
Amortization of debt issuance costs 812 139
Net amortization of premium on securities 774 258
Net accretion of deferred loan costs and fees (1,983) (553)
Net amortization (accretion) of premiums (discounts) on purchased loans 1,434 (355)
Write-off of other assets related to naming rights termination, net 0 6,669
Debt extinguishment fee 0 2,515
Deferred income tax benefit (1,963) (71)
Bank owned life insurance income (1,362) (1,169)
Share-based compensation expense 2,882 3,046
(Income) loss on interest rate swaps (200) 288
Loss on investments in alternative energy partnerships and affordable housing investments 4,864 4,033
Impairment on capitalized software projects 0 157
Fair value adjustment for loans held-for-sale (20) 1,561
Net loss on sale of loans 0 27
Net gain on sale of securities available-for-sale 0 (2,011)
Loss on disposal of property and equipment 0 106
Repurchase of mortgage loans (1,433) 0
Proceeds from sales of and principal collected on loans held-for-sale 13 613
Change in accrued interest receivable and other assets (3,246) 1,620
Change in accrued interest payable and other liabilities 25,279 (30,093)
Net cash provided by (used in) operating activities 64,089 (2,046)
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 0 22,728
Proceeds from maturities and calls of securities available-for-sale 100,230 30,000
Proceeds from principal repayments of securities available-for-sale 14,000 2,971
Purchases of securities available-for-sale (226,813) (322,590)
Loan originations and principal collections, net 274,971 349,818
Purchase of loans (366,000) (25,839)
Redemption of Federal Home Loan Bank stock 436 22,171
Purchase of Federal Home Loan Bank and other bank stock (499) (9,336)
Purchases of premises and equipment (1,718) (3,467)
Payments of capital lease obligations (69) (266)
Funding of equity investment (1,879) (14,201)
Decrease (increase) in investments in alternative energy partnerships 1,108 (2,630)
Net cash provided by investing activities (206,233) 49,359
Cash flows from financing activities:    
Net increase in deposits 120,744 610,298
Net increase (decrease) in short-term Federal Home Loan Bank advances (50,000) (447,000)
Repayment of long-term Federal Home Loan Bank advances 0 (235,000)
Proceeds from long-term Federal Home Loan Bank advances 0 111,000
Debt extinguishment and financing fees paid 0 (9,368)
Net increase in other borrowings 125,000 0
Redemption of preferred stock (93,269) (4,213)
Purchase of treasury stock 0 (12,041)
Proceeds from exercise of stock options 300 0
Purchase of stock surrendered to pay tax liability (7,227) (775)
Dividend equivalents paid on participating securities 0 (188)
Dividends paid on preferred stock (4,868) (6,975)
Dividends paid on common stock (6,023) (5,883)
Net cash provided by (used in) financing activities 84,657 (145)
Net change in cash and cash equivalents (57,487) 47,168
Cash and cash equivalents at beginning of period 220,819 373,472
Cash and cash equivalents at end of period 163,332 420,640
Supplemental cash flow information    
Interest paid on deposits and borrowed funds 19,996 40,626
Income taxes paid 8,932 62
Supplemental disclosure of non-cash activities    
Transfer from loans to other real estate owned, net 3,253 0
Equipment acquired under capital leases 256 30
Operating lease right-of-use assets recognized 3,883 0
Operating lease liabilities recognized 3,883 0
Impact of adoption of ASU 2016-13 on retained earnings $ 829,362 $ 846,959