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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 74,327 $ 53,841 $ 84,410
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 (11,061) 4,624 4,605
Amortization of fair value premiums on acquired deposits (2,607) 0 0
Amortization of investment securities premiums, net of accretion of discounts 4,971 4,956 5,753
Amortization of other intangible assets 11,069 1,170 1,319
Net change in operating leases 455 (75) 0
Depreciation and amortization of premises and equipment 12,687 8,513 8,898
Deferred income tax expense, net 27,846 (4,068) 14,772
Provision for credit losses 92,672 96,792 56,108
Stock-based compensation 2,170 2,134 1,401
Bargain purchase from Scotiabank PR & USVI acquisition (7,336) (315) 0
(Gain) loss on:      
Sale of securities (4,728) (8,274) 0
Sale of loans (4,451) (524) (301)
Early extinguishment of debt 63 7 0
Foreclosed real estate and other repossessed assets 2,250 3,145 4,662
Sale of other assets (6) (187) (107)
Originations and purchases of loans held-for-sale (236,107) (82,111) (95,520)
Proceeds from sale of loans held-for-sale 4,437 48,991 27,757
Net (increase) decrease in:      
Trading securities 15 323 (169)
Accrued interest receivable (23,598) 1,904 15,715
Servicing assets 3,484 401 (895)
Other assets (7,199) (1,957) 5,486
Net increase (decrease) in:      
Accrued interest on deposits and borrowings (10,538) 8,088 1,489
Accrued expenses and other liabilities (17,436) (27,761) (2,028)
Net cash (used in) provided by operating activities (88,621) 109,617 133,355
Purchases of:      
Investment securities available-for-sale (34,831) (1,734) (271,639)
FHLB stock 0 (1,167) (113,731)
Other investments (3,402) (467) 0
Maturities and redemptions of:      
Investment securities available-for-sale 569,658 165,683 120,709
Investment securities held-to-maturity     77,583
FHLB stock 4,770 3,332 115,082
Proceeds from sales of:      
Investment securities available-for-sale 320,984 680,466 17,837
Foreclosed real estate and other repossessed assets, including write-offs 40,622 51,481 51,057
Fully charged-off loans 0 2,382 0
Premises and equipment 52 2,225 1,668
Origination and purchase of loans, excluding loans held-for-sale (1,493,854) (1,217,137) (1,315,906)
Principal repayment of loans 1,492,748 1,102,805 840,064
Additions to premises and equipment (15,263) (12,966) (11,491)
Outlays for business acquisitions (402) (425,242) 0
Cash and cash equivalents received in Scotiabank PR & USVI Acquisition 0 492,512 0
Net cash provided by (used in) investing activities 881,082 842,173 (488,767)
Net increase (decrease) in:      
Deposits 735,830 (265,162) 100,147
Securities sold under agreements to repurchase (190,063) (264,730) 262,223
FHLB advances, federal funds purchased, and other borrowings (12,872) 386 (20,816)
Exercise of stock options with treasury shares 583 1,294 508
Purchase of treasury stock (2,226) 0 0
Dividends paid on preferred stock (6,512) (6,509) (12,024)
Dividends paid on common stock (14,381) (14,375) (12,796)
Net cash provided by (used in) financing activities 510,359 (549,096) 317,242
Net change in cash, cash equivalents and restricted cash 1,302,820 402,694 (38,170)
Cash, cash equivalents and restricted cash at beginning of year 852,757 450,063 488,233
Cash, cash equivalents and restricted cash at end of year 2,155,577 852,757 450,063
Reconciliation of the Consolidated Statements of Cash Flows to the Consolidated Statements of Financial Condition:      
Total cash, cash equivalents, restricted cash and restricted cash equivalents at end of year 852,757 852,757 450,063
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:      
Interest paid 56,442 41,310 41,318
Income taxes paid 6,255 39,375 17,778
Operating lease liabilities paid 12,778 6,873 0
Mortgage loans securitized into mortgage-backed securities 213,755 62,764 74,630
Transfer from held-to-maturity securities to available-for-sale securities 0 424,740 0
Transfer from loans to foreclosed real estate and other repossessed assets 23,332 43,915 47,084
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio 2,542 27,775 5,795
Reclassification of loans held-for-sale portfolio to held-for-investment portfolio 0 49 1,247
Financed sales of foreclosed real estate 284 1,091 2,333
Interest on loans subject to the temporary payment moratorium 35,593 0 0
Loans booked under the GNMA buy-back option 56,193 75,181 13,325
Cash consideration payable 0 5,195 0
Initial recognition of operating lease right-of-use assets 0 21,930 0
Initial recognition of operating lease liabilities $ 0 $ 23,689 $ 0