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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 53,841 $ 84,410 $ 52,646
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of deferred loan origination fees and fair value premiums on acquired loans 4,624 4,605 3,537
Amortization of investment securities premiums, net of accretion of discounts 4,956 5,753 (7,865)
Amortization of core deposit and customer relationship intangibles 1,170 1,319 1,473
Net change in operating leases (75) 0 0
FDIC shared-loss benefit, net 0 0 (1,403)
Depreciation and amortization of premises and equipment 8,513 8,898 8,986
Deferred income tax (benefit) expense, net (4,068) 14,772 (3,658)
Provision for loan losses, net 96,792 56,108 113,139
Stock-based compensation 2,134 1,401 1,109
Stock-based compensation excess tax benefit recognized in income 0 0 (99)
Bargain purchase from Scotiabank PR & USVI acquistion (315) 0 0
(Gain) loss on:      
Sale of securities (8,274) 0 6,896
Sale of loans (524) (301) 955
Derivatives 0 0 103
Early extinguishment of debt 7 0 80
Foreclosed real estate and other repossessed assets 3,145 4,662 5,021
Sale of other assets (187) (107) (539)
Originations of loans held-for-sale (82,111) (95,520) (116,020)
Proceeds from sale of loans held-for-sale 48,991 27,757 75,637
Net (increase) decrease in:      
Trading securities 323 (169) 156
Accrued interest receivable 1,904 15,715 (29,742)
Servicing assets 401 (895) 37
Other assets (1,957) 5,486 13,675
Net increase (decrease) in:      
Accrued interest on deposits and borrowings 8,088 1,489 (937)
Accrued expenses and other liabilities (27,761) (2,028) 28,431
Net cash provided by operating activities 109,617 133,355 151,440
Purchases of:      
Investment securities available-for-sale (1,734) (271,639) (182,054)
FHLB stock (1,167) (113,731) (31,950)
Other investments (467) 0 0
Maturities and redemptions of:      
Investment securities available-for-sale 165,683 120,709 105,169
Investment securities held-to-maturity 0 77,583 88,726
FHLB stock 3,332 115,082 28,748
Proceeds from sales of:      
Investment securities available-for-sale 680,466 17,837 256,996
Foreclosed real estate and other repossessed assets, including write-offs 51,481 51,057 40,051
Loans held-for-investment 19,257 0 0
Fully charged-off loans 2,382 0 0
Premises and equipment 2,225 1,668 569
Origination and purchase of loans, excluding loans held-for-sale (1,217,137) (1,315,906) (801,766)
Principal repayment of loans 1,083,548 840,064 699,409
Repayments to FDIC on shared loss agreements 0 0 (10,125)
Additions to premises and equipment (12,966) (11,491) (6,469)
Outlays for business acquisitions (425,242) 0 0
Cash and cash equivalents received in Scotiabank PR & USVI Acquisition 492,512 0 0
Net cash provided by (used in) investing activities 842,173 (488,767) 187,304
Net increase (decrease) in:      
Deposits (265,162) 100,147 125,991
Securities sold under agreements to repurchase (264,730) 262,223 (459,815)
FHLB advances, federal funds purchased, and other borrowings 386 (20,816) (5,741)
Exercise of stock options with treasury shares 1,294 508 0
Dividends paid on preferred stock (6,509) (12,024) (13,862)
Dividends paid on common stock (14,375) (12,796) (10,553)
Net cash (used in) provided by financing activities (549,096) 317,242 (363,980)
Net change in cash, cash equivalents and restricted cash 402,694 (38,170) (25,236)
Cash, cash equivalents and restricted cash at beginning of period 450,063 488,233 513,469
Cash, cash equivalents and restricted cash at end of period 852,757 450,063 488,233
Reconciliation of the Consolidated Statements of Cash Flows to the Consolidated Balance Sheets [Abstract]      
Total cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 852,757 488,233 513,469
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:      
Interest paid 41,310 41,318 40,570
Income taxes paid 39,375 17,778 30
Operating lease liabilities paid 6,873 0 0
Mortgage loans securitized into mortgage-backed securities 62,764 74,630 74,919
Transfer from held-to-maturity securities to available-for-sale securities 424,740 0 0
Transfer from loans to foreclosed real estate and other repossessed assets 43,915 47,084 43,163
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio 14,489 5,795 33,647
Reclassification of loans held-for-sale portfolio to held-for-investment portfolio 49 1,247 293
Conversion of convertible preferred stock to common stock 0 84,000 0
Financed sales of foreclosed real estate 1,091 2,333 1,113
Loans booked under the GNMA buy-back option 75,181 13,325 8,268
Cash consideration payable 5,195 0 0
Interest capitalized on loans subject to the temporary payment moratorium 0 0 39,701
Initial recognition of operating lease right-of-use assets 21,930 0 0
Initial recognition of operating lease liabilities $ 23,689 $ 0 $ 0