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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 51,026 $ 54,832
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 (7,606) 3,250
Amortization of fair value premiums on acquired deposits (1,955) 0
Amortization of investment securities premiums, net of accretion of discounts 4,142 3,905
Amortization of core deposit, customer relationships and other intangibles 8,315 877
Net change in operating leases 401 (95)
Depreciation and amortization of premises and equipment 9,382 6,265
Deferred income tax expense, net 12,127 476
Provision for credit losses 78,496 73,724
Stock-based compensation 1,468 1,567
Bargain purchase from Scotiabank PR & USVI acquistion (7,336) 0
(Gain) loss on:    
Sale of securities (4,728) (8,274)
Sale of loans (2,202) (380)
Early extinguishment of debt 63 7
Foreclosed real estate and other repossessed assets 1,078 2,666
Sale of other assets (7) (80)
Originations and purchases of loans held-for-sale (143,394) (59,879)
Proceeds from sale of loans held-for-sale 2,188 15,208
Net (increase) decrease in:    
Trading securities 15 319
Other investments 0 (54)
Accrued interest receivable (29,996) 3,784
Servicing assets 3,537 591
Other assets 3,320 463
Net increase (decrease) in:    
Accrued interest on deposits and borrowings (4,038) (1,875)
Accrued expenses and other liabilities 13,438 (56,288)
Net cash (used in) provided by operating activities (12,266) 41,009
Purchases of:    
Investment securities available-for-sale 60,282 (1,117)
FHLB stock 0 (1,167)
Other investments (1,645) 0
Maturities and redemptions of:    
Investment securities available-for-sale 389,139 129,027
FHLB stock 4,726 3,286
Proceeds from sales of:    
Investment securities available-for-sale 320,984 680,466
Foreclosed real estate and other repossessed assets, including write-offs 25,517 37,115
Loans held-for-investment 0 14,668
Fully charged-off loans 0 2,382
Premises and equipment 7 2,113
Origination and purchase of loans, excluding loans held-for-sale (1,101,167) (834,486)
Principal repayment of loans 1,060,606 722,367
Additions to premises and equipment (11,512) (9,160)
Outlays for business acquisitions 402 0
Net cash provided by investing activities 747,339 745,494
Net increase (decrease) in:    
Deposits 915,076 5,242
Securities sold under agreements to repurchase (190,063) (264,730)
FHLB advances, federal funds purchased, and other borrowings (12,361) 775
Exercise of stock options with treasury shares 465 697
Purchase of treasury stock (2,226) 0
Dividends paid on preferred stock (4,884) (4,881)
Dividends paid on common stock (10,787) (10,782)
Net cash provided by (used in) financing activities 695,220 (273,679)
Net change in cash, cash equivalents and restricted cash 1,430,293 512,824
Cash, cash equivalents and restricted cash at beginning of period 852,757 450,063
Cash, cash equivalents and restricted cash at end of period 2,283,050 962,887
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 2,283,050 962,887
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:    
Interest paid 40,385 39,710
Income taxes paid 5,941 36,924
Operating lease liabilities paid 9,747 5,174
Mortgage loans securitized into mortgage-backed securities 108,244 45,716
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 14,733 34,532
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio 261 25,933
Reclassification of loans held-for-sale portfolio to held-for-investment portfolio 0 49
Financed sales of foreclosed real estate 0 1,016
Interest capitalized on loans subject to the temporary payment moratorium 35,593 0
Loans booked under the GNMA buy-back option 62,651 11,403
Initial recognition of operating lease right-of-use assets 0 21,930
Initial recognition of operating lease liabilities $ 0 $ 23,689