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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 45,572 $ 49,692
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion of fair value (discounts), net of amortization of premiums, on loans and amortization of deferred loan origination costs, net of (fees) (239) 827
Accretion of investment securities discounts, net of amortization of premiums (83) (3,580)
Amortization of other intangible assets 1,232 1,478
Net change in operating leases (59) 59
Depreciation and amortization of premises and equipment 5,085 5,286
Deferred income tax (benefit) expense, net (2,821) 3,808
Provision for credit losses 25,688 15,121
Stock-based compensation 1,615 1,165
(Gain) loss on:    
Sale of securities 0 7
Sale of loans (625) (335)
Foreclosed real estate and other repossessed assets (39) (566)
Sale of other assets 0 (1)
Originations and purchases of loans held-for-sale (30,040) (27,696)
Proceeds from sale of loans held-for-sale 12,049 19,685
Net decrease (increase) in:    
Accrued interest receivable 1,678 (694)
Servicing assets 1,197 (33)
Other assets 9,855 (558)
Net (decrease) increase in:    
Accrued interest on deposits and borrowings (694) (1,254)
Accrued expenses and other liabilities 13,700 (1,420)
Net cash provided by operating activities 83,071 60,991
Purchases of:    
Investment securities available-for-sale (99,872) (933)
FHLB stock (20,700) (12,600)
Equity securities (414) (1,693)
Maturities and redemptions of:    
Investment securities available-for-sale 80,245 56,153
Investment securities held-to-maturity 5,196 4,838
FHLB stock 27,225 12,600
Proceeds from sales of:    
Investment securities available-for-sale 0 149,406
Foreclosed real estate and other repossessed assets, including write-offs 13,238 10,363
Premises and equipment 0 1
Origination and purchase of loans, excluding loans held-for-sale (865,991) (683,420)
Principal repayment of loans 768,104 634,989
Additions to premises and equipment (4,350) (6,186)
Net cash (used in) provided by investing activities (97,319) 163,518
Net (decrease) increase in:    
Deposits 317,026 (205,733)
Securities sold under agreements to repurchase (75,000) 0
FHLB advances and other borrowings (70,000) (2)
Exercise of stock options and restricted units lapsed, net (3,470) (2,170)
Purchase of treasury stock (23,392) 0
Dividends paid on common stock (11,453) (10,385)
Net cash provided by (used in) financing activities 133,711 (218,290)
Net change in cash and cash equivalents 119,463 6,219
Cash and cash equivalents at beginning of period 591,137 748,173
Cash and cash equivalents at end of period 710,600 754,392
Reconciliation of the Consolidated Statements of Cash Flows to the Consolidated Statements of Financial Condition:    
Cash and due from banks 703,493 749,718
Money market investments 7,107 4,674
Total cash and cash equivalents at end of period 710,600 754,392
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:    
Interest paid 39,902 39,446
Income taxes paid 3,021 5,094
Operating lease liabilities paid 2,299 2,594
Mortgage loans held-for-sale securitized into mortgage-backed securities 19,171 17,351
Transfer from loans to foreclosed real estate and other repossessed assets 13,735 12,803
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio 0 9,139
Financed sales of foreclosed real estate 206 124
Delinquent loans booked under the GNMA buy-back option $ 44,665 $ 18,510