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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 119,872 $ 112,871
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 827 2,044
Amortization of investment securities premiums, net of accretion of discounts 254 2,370
Amortization of other intangible assets 6,431 7,351
Net change in operating leases 270 359
Depreciation and amortization of premises and equipment 10,593 10,369
Deferred income tax expense, net 52,229 33,441
Provision for (recapture of) credit losses 15,362 (6,978)
Stock-based compensation 2,915 4,993
(Gain) loss on:    
Sale of loans (1,335) (5,752)
Early extinguishment of debt (42) 0
Foreclosed real estate and other repossessed assets (11,077) (6,863)
Sale of other assets (4,761) (570)
Originations and purchases of loans held-for-sale (152,350) (284,966)
Proceeds from sale of loans held-for-sale 93,756 175,955
Valuation of loans held for sale 832 0
Net decrease (increase) in:    
Trading securities 9 0
Accrued interest receivable (2,885) 9,101
Servicing assets (1,088) (932)
Other assets 13,145 (8,895)
Net (decrease) increase in:    
Accrued interest on deposits and borrowings (238) (782)
Accrued expenses and other liabilities (27,173) 49,005
Net cash provided by operating activities 115,546 92,121
Purchases of:    
Investment securities available-for-sale (1,120,589) (28,273)
Investment securities held-to-maturity (196,742) (348,758)
FHLB stock (122) 0
Equity securities (4,234) (6,472)
Maturities and redemptions of:    
Investment securities available-for-sale 102,045 77,846
Investment securities held-to-maturity 23,463 4,943
FHLB stock 62 782
Proceeds from sales of:    
Foreclosed real estate and other repossessed assets, including write-offs 38,219 33,669
Premises and equipment 4,762 570
Origination and purchase of loans, excluding loans held-for-sale (2,144,528) (1,472,546)
Principal repayment of loans 1,831,475 1,628,577
Additions to premises and equipment (24,828) (14,151)
Net cash used in investing activities (1,491,017) (123,813)
Net increase (decrease) in:    
Deposits 290,105 782,908
Subordinated capital notes (36,041) 0
FHLB advances, federal funds purchased, and other borrowings (1,280) (3,330)
Exercise of stock options with treasury shares (909) 281
Purchase of treasury stock (64,110) (40,161)
Redemption of preferred stock 0 (92,000)
Dividends paid on preferred stock 0 (1,255)
Dividends paid on common stock (20,511) (14,637)
Net cash provided by financing activities 167,254 631,806
Net change in cash, cash equivalents and restricted cash (1,208,217) 600,114
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 815,433 2,755,691
Reconciliation of the Consolidated Statements of Cash Flows to the Consolidated Statements of Financial Condition:    
Cash and due from banks 810,281 2,745,675
Money market investments 4,988 9,837
Restricted cash 164 179
Total cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 815,433 2,755,691
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:    
Interest paid 18,370 28,686
Income taxes paid 4,428 2,467
Operating lease liabilities paid 7,581 8,455
Mortgage loans held-for-sale securitized into mortgage-backed securities 80,428 117,051
Securities purchased no yet received 0 31,565
Transfer from loans to foreclosed real estate and other repossessed assets 29,118 29,947
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio 18,571 17,993
Reclassification of loans held-for-sale portfolio to held-for-investment portfolio 18,000 7,053
Financed sales of foreclosed real estate 1,092 1,121
Delinquent loans booked under the GNMA buy-back option 29,050 19,944
Conversion of debt security to equity security $ 1,500 $ 0