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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 27,637 $ 20,196
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision/(benefit) for credit losses 8,999 (4,000)
Net (accretion)/amortization of securities (42) 668
Change in unamortized net loan costs and premiums 309 560
Premises and equipment depreciation and amortization expense 2,223 2,479
Stock-based compensation expense 1,196 1,805
Accretion of purchase accounting entries, net (47) (677)
Amortization of other intangibles 1,205 1,286
Income from cash surrender value of bank-owned life insurance policies (977) (1,332)
(Gain) on SBA loan sales [1] (2,494) (3,345)
Securities (gains)/losses, net (234) 745
Net change in loans held-for-sale 2,405 5,204
Amortization of interest in tax-advantaged projects 2,285 357
Net change in other (5,151) (10,595)
Net cash provided by operating activities 37,314 13,351
Cash flows from investing activities:    
Net decrease in trading security 212 202
Purchases of securities available for sale (28,899) (386,636)
Proceeds from maturities, calls, and prepayments of securities available for sale 69,404 130,118
Proceeds from maturities, calls, and prepayments of securities held to maturity 8,380 23,853
Net change in loans [1] (351,311) (440,012)
Proceeds from surrender of bank-owned life insurance 0 429
Purchase of Federal Home Loan Bank stock (183,155) (116)
Proceeds from redemption of Federal Home Loan Bank stock 146,129 87
Purchase of premises and equipment, net (753) 0
Net cash (used) by investing activities (339,993) (672,075)
Cash flows from financing activities:    
Net (decrease)/increase in deposits (259,724) 630,255
Proceeds from Federal Home Loan Bank advances and other borrowings 3,555,000 1,275
Repayments of Federal Home Loan Bank advances and other borrowings (2,655,050) (46)
Purchase of treasury stock (1,190) (29,254)
Exercise of stock options 0 25
Common stock cash dividends paid (8,008) (6,152)
Settlement of derivative contracts with financial institution counterparties (7,142) 42,065
Net cash provided by financing activities 623,886 638,168
Net change in cash and cash equivalents 321,207 (20,556)
Cash and cash equivalents at beginning of period 685,355 1,627,807
Cash and cash equivalents at end of period 1,006,562 1,607,251
Supplemental cash flow information:    
Interest paid on deposits 25,267 3,965
Interest paid on borrowed funds 6,163 1,588
Income taxes paid, net 4,412 2,694
Other non-cash changes:    
Other net comprehensive income 21,986 (74,994)
Reclass of seasoned loan portfolios to held-for-sale, net 4,960 0
Reclassification of held-for-sale loans to held-for-investment, net 0 606
Impact to retained earnings from adoption of ASU 2022-02 $ 995,480 $ 1,093,861
[1] As of March 31, 2023, the (gain) on SBA loan sales is included in operating activities. For March 31, 2022, the (gain) on SBA loan sales was reclassified from net change in loans.