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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 90,402 $ 77,953
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred loan origination fees (costs) and fair value premiums (discounts) on loans 323 (745)
Amortization of investment securities (discounts), net of accretion of premiums (3,191) 1,461
Amortization of other intangible assets 3,450 4,293
Net change in operating leases 184 187
Depreciation and amortization of premises and equipment 10,210 7,353
Deferred income tax expense, net 34,580 32,933
Provision for credit losses 24,489 8,242
Stock-based compensation 2,368 2,004
(Gain) loss on:    
Sale of securities 1,149 0
Sale of loans (287) (1,169)
Early extinguishment of debt 0 (42)
Foreclosed real estate and other repossessed assets (4,472) (8,012)
Sale of other assets 25 (4,747)
Originations and purchases of loans held-for-sale (59,847) (116,314)
Proceeds from sale of loans held-for-sale 5,596 86,596
Net decrease (increase) in:    
Accrued interest receivable (947) (2,066)
Servicing assets 955 (307)
Other assets (6,458) (709)
Net increase (decrease) in:    
Accrued interest on deposits and borrowings 1,083 (151)
Accrued expenses and other liabilities (269) 2,923
Net cash provided by operating activities 99,343 89,683
Purchases of:    
Investment securities available-for-sale (47,650) (719,459)
Investment securities held-to-maturity 0 (196,742)
FHLB stock (9,681) (122)
Equity securities (2,642) (2,189)
Maturities and redemptions of:    
Investment securities available-for-sale 176,280 57,288
Investment securities held-to-maturity 10,311 16,153
FHLB stock 44 41
Proceeds from sales of:    
Investment securities available-for-sale 202,133 0
Foreclosed real estate and other repossessed assets, including write-offs 30,957 26,270
Premises and equipment 30 4,747
Origination and purchase of loans, excluding loans held-for-sale (1,801,377) (1,498,059)
Principal repayment of loans 1,473,429 1,212,135
Additions to premises and equipment (7,656) (17,380)
Net cash provided by (used in) investing activities 24,178 (1,117,317)
Net (decrease) increase in:    
Deposits (35,417) 426,547
Subordinated capital notes 0 (36,041)
FHLB advances, federal funds purchased, and other borrowings 198,714 (889)
Exercise of stock options and restricted units lapsed, net (1,738) (909)
Purchase of treasury stock (16,467) (64,110)
Dividends paid on common stock (20,104) (13,333)
Net cash provided by financing activities 124,988 311,265
Net change in cash, cash equivalents and restricted cash 248,509 (716,369)
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 798,973 1,307,281
Reconciliation of the Consolidated Statements of Cash Flows to the Consolidated Statements of Financial Condition:    
Cash and due from banks 795,546 1,302,199
Money market investments 3,427 4,913
Restricted cash 0 169
Total cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 798,973 1,307,281
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:    
Interest paid 27,706 11,758
Income taxes paid 3,438 3,470
Operating lease liabilities paid 5,024 5,031
Mortgage loans held-for-sale securitized into mortgage-backed securities 53,713 53,488
Transfer from loans to foreclosed real estate and other repossessed assets 25,785 19,693
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 18,000
Financed sales of foreclosed real estate 488 825
Delinquent loans booked under the GNMA buy-back option $ 18,417 $ 33,431