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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 37,521 $ 30,373
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 (723) 51
Amortization of investment securities premiums, net of accretion of discounts 599 787
Amortization of other intangible assets 2,146 2,451
Net change in operating leases 59 120
Depreciation and amortization of premises and equipment 3,780 3,366
Deferred income tax expense, net 15,789 8,451
Provision for credit losses 1,551 6,324
Stock-based compensation 973 2,209
(Gain) loss on:    
Sale of loans (899) (1,894)
Early extinguishment of debt (42) 0
Foreclosed real estate and other repossessed assets (4,157) (1,583)
Sale of other assets 6 (181)
Originations and purchases of loans held-for-sale (56,954) (92,264)
Proceeds from sale of loans held-for-sale 57,261 62,886
Net decrease (increase) in:    
Trading securities 2 (1)
Accrued interest receivable 478 4,519
Servicing assets (473) (616)
Other assets 11,298 (7,190)
Net (decrease) increase in:    
Accrued interest on deposits and borrowings (152) (291)
Accrued expenses and other liabilities (28,860) 18,887
Net cash provided by operating activities 39,203 36,404
Purchases of:    
Investment securities available-for-sale (399,025) (25,894)
Investment securities held-to-maturity 0 (126,777)
Equity securities (998) (1,595)
Maturities and redemptions of:    
Investment securities available-for-sale 22,170 25,218
Investment securities held-to-maturity 7,540 0
FHLB stock 20 45
Proceeds from sales of:    
Foreclosed real estate and other repossessed assets, including write-offs 13,090 10,159
Premises and equipment 0 580
Origination and purchase of loans, excluding loans held-for-sale (770,935) (435,363)
Principal repayment of loans 612,039 470,510
Additions to premises and equipment (9,072) (3,564)
Net cash used in investing activities (525,171) (86,681)
Net increase (decrease) in:    
Deposits 394,932 310,712
Subordinated capital notes (36,041) 0
FHLB advances, federal funds purchased, and other borrowings (458) (1,254)
Exercise of stock options with treasury shares (904) 29
Purchase of treasury stock (33,479) 0
Dividends paid on preferred stock 0 (1,255)
Dividends paid on common stock (6,003) (4,116)
Net cash provided by financing activities 318,047 304,116
Net change in cash, cash equivalents and restricted cash (167,921) 253,839
Cash, cash equivalents and restricted cash at beginning of period 2,023,650 2,155,577
Cash, cash equivalents and restricted cash at end of period 1,855,729 2,409,416
Reconciliation of the Consolidated Statements of Cash Flows to the Consolidated Statements of Financial Condition:    
Cash and due from banks 1,849,906 2,396,965
Money market investments 5,648 11,401
Restricted cash 175 1,050
Total cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 1,855,729 2,409,416
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:    
Interest paid 6,270 9,393
Income taxes paid 1,475 0
Operating lease liabilities paid 2,496 3,253
Mortgage loans held-for-sale securitized into mortgage-backed securities 23,960 30,040
Transfer from loans to foreclosed real estate and other repossessed assets 10,294 13,583
Reclassification of loans held-for-sale portfolio to held-for-investment portfolio 459 4,544
Financed sales of foreclosed real estate 422 53
Delinquent loans booked under the GNMA buy-back option $ 9,664 $ 40,777