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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 77,953 $ 71,200
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 (745) 997
Amortization of investment securities premiums, net of accretion of discounts 1,461 1,583
Amortization of other intangible assets 4,293 4,901
Net change in operating leases 187 248
Depreciation and amortization of premises and equipment 7,353 6,913
Deferred income tax expense, net 32,933 8,733
Provision for credit losses 8,241 (1,981)
Stock-based compensation 2,004 3,614
(Gain) loss on:    
Sale of loans (1,169) (3,833)
Early extinguishment of debt (42) 0
Foreclosed real estate and other repossessed assets (8,012) (2,757)
Sale of other assets (4,747) (570)
Originations and purchases of loans held-for-sale (116,314) (197,376)
Proceeds from sale of loans held-for-sale 86,596 127,053
Net decrease (increase) in:    
Trading securities 7 (7)
Accrued interest receivable (2,066) 5,947
Servicing assets (307) (417)
Other assets (716) (3,321)
Net (decrease) increase in:    
Accrued interest on deposits and borrowings (151) (578)
Accrued expenses and other liabilities 2,924 48,085
Net cash provided by operating activities 89,683 68,434
Purchases of:    
Investment securities available-for-sale (719,459) (27,886)
Investment securities held-to-maturity (196,742) (126,777)
FHLB stock (122) 0
Equity securities (2,189) (5,206)
Maturities and redemptions of:    
Investment securities available-for-sale 57,288 51,129
Investment securities held-to-maturity 16,153 1,578
FHLB stock 41 737
Proceeds from sales of:    
Foreclosed real estate and other repossessed assets, including write-offs 26,270 19,581
Premises and equipment 4,747 570
Origination and purchase of loans, excluding loans held-for-sale (1,498,059) (1,003,889)
Principal repayment of loans 1,212,135 1,093,923
Additions to premises and equipment (17,380) (9,633)
Net cash used in investing activities (1,117,317) (5,873)
Net increase (decrease) in:    
Deposits 426,547 629,322
Subordinated capital notes (36,041) 0
FHLB advances, federal funds purchased, and other borrowings (889) (2,397)
Exercise of stock options with treasury shares (909) 282
Purchase of treasury stock (64,110) 0
Redemption of preferred stock 0 (68,000)
Dividends paid on preferred stock 0 (1,255)
Dividends paid on common stock (13,333) (8,397)
Net cash provided by financing activities 311,265 549,555
Net change in cash, cash equivalents and restricted cash (716,369) 612,116
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 1,307,281 2,767,693
Reconciliation of the Consolidated Statements of Cash Flows to the Consolidated Statements of Financial Condition:    
Cash and due from banks 1,302,199 2,756,288
Money market investments 4,913 11,206
Restricted cash 169 199
Total cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 1,307,281 2,767,693
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:    
Interest paid 11,758 17,210
Income taxes paid 3,740 880
Operating lease liabilities paid 5,031 5,976
Mortgage loans held-for-sale securitized into mortgage-backed securities 53,488 83,909
Transfer from loans to foreclosed real estate and other repossessed assets 19,693 20,637
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio 0 17,993
Reclassification of loans held-for-sale portfolio to held-for-investment portfolio 18,000 4,178
Financed sales of foreclosed real estate 825 407
Delinquent loans booked under the GNMA buy-back option $ 33,431 $ 28,118