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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 100,823 $ 90,402
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred loan origination fees, net of costs, and fair value premiums on loans 855 323
Amortization of investment securities discounts, net of accretion of premiums (5,359) (3,191)
Amortization of other intangible assets 2,956 3,450
Net change in operating leases 3 184
Depreciation and amortization of premises and equipment 10,600 10,210
Deferred income tax expense, net 16,090 34,580
Provision for credit losses 30,702 24,489
Stock-based compensation 3,130 2,368
(Gain) loss on:    
Sale of securities 7 1,149
Sale of loans (660) (287)
Foreclosed real estate and other repossessed assets (1,867) (4,472)
Sale of other assets (1) 25
Originations and purchases of loans held-for-sale (60,378) (59,847)
Proceeds from sale of loans held-for-sale 56,045 5,596
Net (increase) decrease in:    
Accrued interest receivable (1,576) (947)
Servicing assets (269) 955
Other assets (34,323) (6,458)
Net (decrease) increase in:    
Accrued interest on deposits and borrowings (1,226) 1,083
Accrued expenses and other liabilities 40,525 (269)
Net cash provided by operating activities 156,077 99,343
Purchases of:    
Investment securities available-for-sale (545,356) (47,650)
FHLB stock (28,016) (9,681)
Equity securities (1,813) (2,642)
Maturities and redemptions of:    
Investment securities available-for-sale 418,623 176,280
Investment securities held-to-maturity 210,817 10,311
FHLB stock 27,224 44
Proceeds from sales of:    
Investment securities available-for-sale 149,406 202,133
Foreclosed real estate and other repossessed assets, including write-offs 27,159 30,957
Premises and equipment 1 30
Origination and purchase of loans, excluding loans held-for-sale (1,435,894) (1,801,377)
Principal repayment of loans 1,246,285 1,473,429
Additions to premises and equipment (10,903) (7,656)
Net cash provided by investing activities 57,533 24,178
Net (decrease) increase in:    
Deposits (172,551) (35,417)
FHLB advances and other borrowings (2) 198,714
Exercise of stock options and restricted units lapsed, net (2,221) (1,738)
Purchase of treasury stock (24,282) (16,467)
Dividends paid on common stock (22,298) (20,104)
Net cash (used in) provided by financing activities (221,354) 124,988
Net change in cash and cash equivalents (7,744) 248,509
Cash and cash equivalents at beginning of period 748,173 550,464
Cash and cash equivalents at end of period 740,429 798,973
Reconciliation of the Consolidated Statements of Cash Flows to the Consolidated Statements of Financial Condition:    
Cash and due from banks 735,346 795,546
Money market investments 5,083 3,427
Total cash and cash equivalents at end of period 740,429 798,973
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:    
Interest paid 78,619 27,706
Income taxes paid 11,822 3,438
Operating lease liabilities paid 4,911 5,024
Mortgage loans held-for-sale securitized into mortgage-backed securities 38,089 53,713
Transfer from loans to foreclosed real estate and other repossessed assets 23,429 25,785
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio 26,840 86
Reclassification of loans held-for-sale portfolio to held-for-investment portfolio 1,084 8,736
Financed sales of foreclosed real estate 710 488
Delinquent loans booked under the GNMA buy-back option $ 19,008 $ 18,417