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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 38,157 $ 75,224
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for (reversal of) credit losses 3,900 (31,542)
Reversal of loan repurchase reserves (819) (961)
Depreciation on premises and equipment 7,345 7,920
Amortization of other intangibles 923 754
Amortization of debt issuance costs 864 837
Net amortization of premium on securities 184 587
Net (accretion) amortization of deferred loan costs (fees) and purchased premiums (discounts) 684 571
Deferred income tax expense 1,669 975
Bank owned life insurance income (1,851) (1,606)
Share-based compensation expense 3,181 2,767
Income (loss) from interest rate swaps 14 (185)
Loss on investments in alternative energy partnerships and affordable housing investments 4,520 3,456
Net gain on sale of securities available-for-sale 0 (16)
Gain on redemption of senior notes (80) 0
Gain on sale-leaseback of branch 0 (771)
Loss on disposal of property and equipment 0 8
Repurchase of mortgage loans (609) (1,262)
Proceeds from sales of and principal collected on loans held-for-sale 346 0
Change in accrued interest receivable and other assets (15,319) 26,514
Change in accrued interest payable and other liabilities 7,327 (8,122)
Net cash provided by operating activities 50,436 75,148
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 0 17,645
Proceeds from maturities and calls of securities available-for-sale 20,000 38,500
Purchases of securities available-for-sale (101,740) (15,000)
Proceeds from principal repayments of securities held-to-maturity and available-for-sale 14,613 20,495
Loan originations and principal collections, net 9,277 474,252
Purchases of loans (61,420) (641,556)
Redemption of FHLB stock 30,543 0
Purchases of FHLB and other bank stock (33,732) (6,857)
Purchase of mortgage servicing rights 0 (20,563)
Purchases of premises and equipment (5,016) (1,381)
Proceeds from sale-leaseback of branch 0 2,400
Funding of equity investments (3,597) (3,950)
Decrease in investments in alternative energy partnerships 717 1,156
Net cash used in investing activities (130,355) (134,859)
Cash flows from financing activities:    
Net (decrease) increase in deposits (249,777) 119,248
Net increase in short-term FHLB advances and FRB borrowings 320,000 35,000
Proceeds from FHLB long-term advances and FRB borrowings 100,000 0
Net increase in other borrowings 0 73,000
Redemption of preferred stock 0 (98,703)
Redemption of long term debt (920) 0
Purchase of treasury stock (21,363) (43,186)
Purchase of stock surrendered to pay tax liability (1,662) (1,560)
Dividends paid on preferred stock 0 (1,727)
Dividends paid on common stock (11,526) (7,420)
Net cash provided by financing activities 134,752 74,652
Net change in cash and cash equivalents 54,833 14,941
Cash and cash equivalents at beginning of period 228,896 228,123
Cash and cash equivalents at end of period 283,729 243,064
Supplemental cash flow information    
Interest paid on deposits and borrowed funds 71,734 16,574
Income taxes paid 0 9,692
Supplemental disclosure of non-cash activities    
Transfer from loans to other real estate owned, net 882 0
Reclassification of securities available-for-sale to held-to-maturity 0 329,416
Operating lease right-of-use assets received in exchange for lease liabilities 1,633 1,253
Commitments to fund low income housing tax credit investments 0 7,000
Goodwill adjustments for purchase accounting $ 0 $ 826