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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 75,224 $ 33,425
Adjustments to reconcile net income to net cash provided by operating activities    
Reversal of provision for credit losses (31,542) (3,261)
Reversal of provision for loan repurchases (961) (231)
Depreciation on premises and equipment 7,920 7,741
Amortization of intangible assets 754 564
Amortization of debt issuance costs 837 812
Net amortization of premium on securities 587 774
Net accretion of deferred loan costs and fees (81) (1,983)
Net amortization of premiums on purchased loans 652 1,434
Deferred income tax expense (benefit) 975 (1,963)
Bank owned life insurance income (1,606) (1,362)
Share-based compensation expense 2,767 2,882
Income from interest rate swaps (185) (200)
Loss on investments in alternative energy partnerships and affordable housing investments 3,456 4,864
Fair value adjustment for loans held-for-sale 0 (20)
Net gain on sale of securities available-for-sale (16) 0
Gain on sale-leaseback of branch (771) 0
Loss on disposal of property and equipment 8 0
Repurchase of mortgage loans (1,262) (1,433)
Proceeds from sales of and principal collected on other loans held-for-sale 0 13
Change in accrued interest receivable and other assets 26,514 (3,246)
Change in accrued interest payable and other liabilities (8,122) 25,279
Net cash provided by operating activities 75,148 64,089
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 17,645 0
Proceeds from maturities and calls of securities available-for-sale 38,500 100,230
Purchases of securities available-for-sale (15,000) (226,813)
Proceeds from principal repayments of securities held-to-maturity and available-for-sale 20,495 14,000
Loan originations and principal collections, net 474,252 274,971
Purchases of loans (641,556) (366,000)
Redemption of Federal Home Loan Bank stock 0 436
Purchases of Federal Home Loan Bank and other bank stock (6,857) (499)
Payments for (Proceeds from) Mortgage Servicing Rights (20,563) 0
Purchases of premises and equipment (1,381) (1,718)
Proceeds from sale-leaseback of branch 2,400 0
Payments of capital lease obligations 0 (69)
Funding of equity investments (3,950) (1,879)
Decrease in investments in alternative energy partnerships 1,156 1,108
Net cash (used in) provided by investing activities (134,859) (206,233)
Cash flows from financing activities:    
Net increase in deposits 119,248 120,744
Net increase (decrease) in short-term Federal Home Loan Bank advances 35,000 (50,000)
Net increase in other borrowings 73,000 125,000
Redemption of preferred stock (98,703) (93,269)
Purchase of treasury stock (43,186) 0
Proceeds from exercise of stock options 0 300
Purchase of stock surrendered to pay tax liability (1,560) (7,227)
Dividends paid on preferred stock (1,727) (4,868)
Dividends paid on common stock (7,420) (6,023)
Net cash provided by financing activities 74,652 84,657
Net change in cash and cash equivalents 14,941 (57,487)
Cash and cash equivalents at beginning of period 228,123 220,819
Cash and cash equivalents at end of period 243,064 163,332
Supplemental cash flow information    
Interest paid on deposits and borrowed funds 16,574 19,996
Income taxes paid 9,692 8,932
Supplemental disclosure of non-cash activities    
Transfer from loans to other real estate owned, net 0 3,253
Reclassification of securities available-for-sale to held-to-maturity 329,416 0
Equipment acquired under capital leases 0 256
Operating lease right-of-use assets recognized 1,253 3,883
Operating lease liabilities recognized 1,253 3,883
Commitments to fund low income housing tax credit investments 7,000 0
Goodwill adjustments for purchase accounting $ 826 $ 0