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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 $ 72,539 $ 83,191
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangibles 5,953 6,579
Provision charge (benefit) for credit losses on loans and securities 16,398 (3,409)
Provision charge (benefit) for credit losses on off-balance sheet credit exposures 92 (3,363)
Deferred tax (benefit) expense (2,332) 3,393
Amortization of operating lease right-of-use assets 5,257 5,393
Income on Bank-owned life insurance (3,018) (2,741)
Net amortization of premiums and discounts on securities 4,012 7,665
Accretion of net deferred loan fees (4,691) (4,801)
Amortization of premiums on purchased loans, net 120 154
Originations of loans held for sale (11,490) (16,197)
Proceeds from sales of loans originated for sale 11,938 9,881
ESOP expense 1,866 2,205
Allocation of stock award expense 4,830 5,485
Allocation of stock option expense 77 99
Net gain on sale of loans (972) (824)
Net gain on securities transactions (24) (157)
Net gain on sale of premises and equipment (197) (22)
Net gain on sale of foreclosed assets (2,789) (16)
Increase in accrued interest receivable (1,942) (868)
Decrease (increase) in other assets 7,490 (12,691)
(Decrease) increase in other liabilities (17,719) 22,578
Net cash provided by operating activities 85,398 101,534
Cash flows from investing activities:    
Net increase in loans (285,500) (396,236)
Purchases of loans (3,394) (3,422)
Proceeds from sales of foreclosed assets 3,485 280
Proceeds from maturities, calls and paydowns of held to maturity debt securities 17,545 37,009
Purchases of investment securities held to maturity (9,130) (12,369)
Proceeds from maturities, calls and paydowns of available for sale debt securities 92,681 166,855
Purchases of available for sale debt securities (34,802) (241,725)
Proceeds from redemption of Federal Home Loan Bank stock 112,279 31,134
Purchases of Federal Home Loan Bank stock (137,055) (51,680)
BOLI claim benefits received 2,347 0
Proceeds from sales of premises and equipment 62 22
Purchases of premises and equipment (2,959) (5,944)
Net cash used in investing activities (244,441) (476,076)
Cash flows from financing activities:    
Net decrease in deposits (301,904) (359,788)
Increase in mortgage escrow deposits 8,575 7,906
Cash dividends paid to stockholders (36,727) (36,747)
Purchase of treasury stock 0 (46,530)
Purchase of employee restricted shares to fund statutory tax withholding (1,671) (958)
Stock options exercised 790 0
Proceeds from long-term borrowings 446,531 964,000
Payments on long-term borrowings (32,500) (579,111)
Net increase (decrease) in short-term borrowings 98,313 (9,161)
Net cash provided by (used in) financing activities 181,407 (60,389)
Net increase (decrease) in cash and cash equivalents 22,364 (434,931)
Cash and cash equivalents at beginning of period 186,438 685,163
Restricted cash at beginning of period 70 27,300
Total cash, cash equivalents and restricted cash at beginning of period 186,508 712,463
Cash and cash equivalents at end of period 208,802 277,462
Restricted cash at end of period 70 70
Total cash, cash equivalents and restricted cash at end of period 208,872 277,532
Cash paid during the period for:    
Interest on deposits and borrowings 81,490 14,308
Income taxes 26,591 7,760
Non-cash investing activities:    
Transfer of loans receivable to foreclosed assets $ 12,341 $ 624