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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 46,229 $ 37,521
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred loan origination fees and fair value premiums (discounts) on loans 497 (723)
Amortization of investment securities premiums, net of accretion of (discounts) (2,343) 599
Amortization of other intangible assets 1,725 2,146
Net change in operating leases 86 59
Depreciation and amortization of premises and equipment 5,043 3,780
Deferred income tax expense, net 15,391 15,789
Provision for credit losses 9,445 1,551
Stock-based compensation 965 973
(Gain) loss on:    
Sale of loans (252) (899)
Early extinguishment of debt 0 (42)
Foreclosed real estate and other repossessed assets (238) (4,157)
Sale of other assets (20) 6
Originations and purchases of loans held-for-sale (27,509) (56,954)
Proceeds from sale of loans held-for-sale 3,260 57,261
Net decrease (increase) in:    
Accrued interest receivable 307 478
Servicing assets 1,576 (473)
Other assets (9,764) 11,300
Net increase (decrease) in:    
Accrued interest on deposits and borrowings 543 (152)
Accrued expenses and other liabilities 7,259 (28,860)
Net cash provided by operating activities 52,200 39,203
Purchases of:    
Investment securities available-for-sale (476) (399,025)
FHLB stock (9,000) 0
Equity securities (573) (998)
Maturities and redemptions of:    
Investment securities available-for-sale 101,510 22,170
Investment securities held-to-maturity 4,492 7,540
FHLB stock 22 20
Proceeds from sales of:    
Foreclosed real estate and other repossessed assets, including write-offs 15,110 13,090
Premises and equipment 20 0
Origination and purchase of loans, excluding loans held-for-sale (631,471) (770,935)
Principal repayment of loans 593,606 612,039
Additions to premises and equipment (3,118) (9,072)
Net cash provided by (used in) investing activities 70,122 (525,171)
Net (decrease) increase in:    
Deposits (10,417) 394,932
Subordinated capital notes 0 (36,041)
FHLB advances, federal funds purchased, and other borrowings 199,329 (458)
Exercise of stock options and restricted units lapsed, net (1,738) (904)
Purchase of treasury stock (2,894) (33,479)
Dividends paid on common stock (9,572) (6,003)
Net cash provided by financing activities 174,708 318,047
Net change in cash, cash equivalents and restricted cash 297,030 (167,921)
Cash, cash equivalents and restricted cash at beginning of period 550,464 2,023,650
Cash, cash equivalents and restricted cash at end of period 847,494 1,855,729
Reconciliation of the Consolidated Statements of Cash Flows to the Consolidated Statements of Financial Condition:    
Cash and due from banks 844,180 1,849,906
Money market investments 3,172 5,648
Restricted cash 142 175
Total cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 847,494 1,855,729
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:    
Interest paid 11,224 6,270
Income taxes paid 0 1,475
Operating lease liabilities paid 2,514 2,496
Mortgage loans held-for-sale securitized into mortgage-backed securities 21,399 23,960
Transfer from loans to foreclosed real estate and other repossessed assets 13,140 10,294
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio 86 0
Reclassification of loans held-for-sale portfolio to held-for-investment portfolio 8,736 459
Financed sales of foreclosed real estate 286 422
Delinquent loans booked under the GNMA buy-back option $ 26,348 $ 9,664