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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 23,588 $ 47,449
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred loan origination fees and fair value (discounts) premiums on loans (5,267) 1,951
Amortization of fair value premiums on acquired deposits (1,303) 0
Amortization of investment securities premiums, net of accretion of discounts 3,099 2,602
Amortization of core deposit, customer relationships and other intangibles 5,559 585
Net change in operating leases 274 12
Depreciation and amortization of premises and equipment 6,190 4,209
Deferred income tax expense, net 1,053 1,689
Provision for credit losses 64,827 29,954
Stock-based compensation 1,323 987
(Gain) loss on:    
Sale of securities (4,728) (4,776)
Sale of loans (819) (256)
Derivatives 0 1
Early extinguishment of debt 63 7
Foreclosed real estate and other repossessed assets 1,343 1,766
Sale of other assets (7) (29)
Originations and purchases of loans held-for-sale (55,198) (38,290)
Proceeds from sale of loans held-for-sale 819 9,735
Net (increase) decrease in:    
Trading securities 15 (52)
Accrued interest receivable (45,363) 345
Servicing assets 2,853 582
Other assets 8,540 958
Net increase (decrease) in:    
Accrued interest on deposits and borrowings (1,292) (1,034)
Accrued expenses and other liabilities 15,985 (24,027)
Net cash provided by operating activities 21,554 34,368
Purchases of:    
Investment securities available-for-sale 23,469 (784)
FHLB stock 0 (1,167)
Other investments (516) 0
Maturities and redemptions of:    
Investment securities available-for-sale 257,278 92,634
FHLB stock 4,682 990
Proceeds from sales of:    
Investment securities available-for-sale 320,984 354,501
Foreclosed real estate and other repossessed assets, including write-offs 14,824 24,452
Premises and equipment 32 42
Origination and purchase of loans, excluding loans held-for-sale (733,161) (564,647)
Principal repayment of loans 527,250 463,287
Additions to premises and equipment (7,344) (6,331)
Net cash provided by investing activities 407,498 362,977
Net increase (decrease) in:    
Deposits 831,303 52,745
Securities sold under agreements to repurchase (190,063) (214,730)
FHLB advances, federal funds purchased, and other borrowings (10,805) 1,585
Exercise of stock options with treasury shares 466 462
Purchase of treasury stock (2,226) 0
Dividends paid on preferred stock (3,256) (2,855)
Dividends paid on common stock (7,191) (7,185)
Net cash provided by (used in) financing activities 618,228 (169,978)
Net change in cash, cash equivalents and restricted cash 1,047,280 227,367
Cash, cash equivalents and restricted cash at beginning of period 852,757 450,063
Cash, cash equivalents and restricted cash at end of period 1,900,037 677,430
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 1,900,037 677,430
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:    
Interest paid 26,966 26,324
Income taxes paid 5,628 29,371
Operating lease liabilities paid 6,614 3,329
Mortgage loans securitized into mortgage-backed securities 55,612 25,837
Transfer from held-to-maturity securities to available-for-sale securities 0 424,740
Transfer from loans to foreclosed real estate and other repossessed assets 9,083 22,183
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio 261 1,389
Reclassification of loans held-for-sale portfolio to held-for-investment portfolio 0 49
Financed sales of foreclosed real estate 0 703
Loans booked under the GNMA buy-back option 75,091 11,675
Initial recognition of operating lease right-of-use assets 0 21,930
Initial recognition of operating lease liabilities $ 0 $ 23,689