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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 146,151 $ 74,327 $ 53,841
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 (10,193) (11,061) 4,624
Amortization of fair value premiums on acquired deposits 0 (2,607) 0
Amortization of investment securities premiums, net of accretion of discounts 3,111 4,971 4,956
Amortization of other intangible assets 9,803 11,069 1,170
Net change in operating leases 469 455 (75)
Depreciation and amortization of premises and equipment 14,128 12,687 8,513
Deferred income tax expense (benefit), net 63,616 27,846 (4,068)
Provision for credit losses 221 92,672 96,792
Stock-based compensation 6,245 2,170 2,134
Bargain purchase from Scotiabank PR & USVI acquisition 0 (7,336) (315)
(Gain) loss on:      
Sale of securities (19) (4,728) (8,274)
Sale of loans (7,292) (4,451) (524)
Early extinguishment of debt 1,481 63 7
Foreclosed real estate and other repossessed assets (10,435) 2,250 3,145
Sale of other assets (571) (6) (187)
Originations and purchases of loans held-for-sale (353,685) (236,107) (82,111)
Proceeds from sale of loans held-for-sale 220,684 128,018 48,991
Net (increase) decrease in:      
Trading securities 2 15 323
Accrued interest receivable 9,537 (23,598) 1,904
Servicing assets (1,678) 3,484 401
Other assets (9,053) (7,199) (1,957)
Net increase (decrease) in:      
Accrued interest on deposits and borrowings (861) (10,538) 8,088
Accrued expenses and other liabilities 18,383 (17,436) (27,761)
Net cash provided by operating activities 100,044 34,960 109,617
Purchases of:      
Investment securities available-for-sale (29,095) (158,412) (1,734)
Investment securities held-to-maturity (380,322) 0 0
FHLB stock 0 0 (1,167)
Equity securities (7,650) (3,402) (467)
Maturities and redemptions of:      
Investment securities available-for-sale 102,034 569,658 165,683
Investment securities held-to-maturity 12,445 0 0
FHLB stock 2,312 4,770 3,332
Proceeds from sales of:      
Investment securities available-for-sale 2,174 320,984 680,466
Foreclosed real estate and other repossessed assets, including write-offs 44,966 40,622 51,481
Loans held for investment 4,846 0 0
Fully charged-off loans 0 0 2,382
Premises and equipment 570 52 2,225
Origination and purchase of loans, excluding loans held-for-sale (2,036,516) (1,493,854) (1,217,137)
Principal repayment of loans 2,124,355 1,492,748 1,102,805
Additions to premises and equipment (23,053) (15,263) (12,966)
Outlays for business acquisitions 0 (402) (425,242)
Cash and cash equivalents received in Scotiabank Acquisition 0 0 492,512
Net cash (used in) provided by investing activities (182,934) 757,501 842,173
Net increase (decrease) in:      
Deposits 152,699 735,830 (265,162)
Securities sold under agreements to repurchase 0 (190,063) (264,730)
FHLB advances, federal funds purchased, and other borrowings (39,174) (12,872) 386
Exercise of stock options with treasury shares 283 583 1,294
Purchase of treasury stock (49,872) (2,226) 0
Redemption of preferred stock (92,000) 0 0
Dividends paid on preferred stock (1,255) (6,512) (6,509)
Dividends paid on common stock (19,718) (14,381) (14,375)
Net cash (used in) provided by financing activities (49,037) 510,359 (549,096)
Net change in cash, cash equivalents and restricted cash (131,927) 1,302,820 402,694
Cash, cash equivalents and restricted cash at beginning of year 2,155,577 852,757 450,063
Cash, cash equivalents and restricted cash at end of year 2,023,650 2,155,577 852,757
Reconciliation of the Consolidated Statements of Cash Flows to the Consolidated Statements of Financial Condition:      
Cash and due from banks 2,014,523 2,142,294 844,532
Money market investments 8,952 11,908 6,775
Restricted cash 175 1,375 1,450
Total cash, cash equivalents, restricted cash and restricted cash equivalents at end of year 2,023,650 2,155,577 852,757
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:      
Interest paid 35,338 56,442 41,310
Income taxes paid 2,794 6,255 39,375
Operating lease liabilities paid 10,948 12,778 6,873
Mortgage loans held-for-sale securitized into mortgage-backed securities 149,080 90,174 62,764
Transfer from held-to-maturity securities to available-for-sale securities 0 0 424,740
Transfer from loans to foreclosed real estate and other repossessed assets 39,547 23,332 43,915
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio 54,983 2,542 27,775
Reclassification of loans held-for-sale portfolio to held-for-investment portfolio 7,053 0 49
Financed sales of foreclosed real estate 1,444 284 1,091
Interest on loans subject to the temporary payment moratorium 0 35,593 0
Delinquent loans booked under the GNMA buy-back option 14,511 56,193 75,181
Cash consideration payable 0 0 5,195
Initial recognition of operating lease right-of-use assets 0 0 21,930
Initial recognition of operating lease liabilities $ 0 $ 0 $ 23,689