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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Cash flows from operating activities:          
Net income $ 32,557 $ 20,362 $ 72,840 $ 38,714  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision for credit loss expense     2,600 2,182  
Depreciation and amortization     11,377 6,887  
Change in current income tax receivable     2,384 2,001  
Change in deferred income taxes     (618) (13,309)  
Discount accretion, net of premium amortization on securities     (468) 1,132  
Gain on sale of mortgages, net     (5,217) (14,304)  
Origination of loans held for sale, net of repayments     (219,358) (531,523)  
Proceeds from sales of loans held for sale     217,524 639,614  
Originations of mortgage serving rights     (808) (3,325)  
Gain on sale of fixed assets     (137) (718)  
Stock-based compensation     3,646 2,848  
Operating lease payments     (3,035) (2,339)  
Change in other assets     1,340 (7,335)  
Change in other liabilities     (7,874) 6,678  
Net cash provided by operating activities     74,196 127,203  
Cash flows from investing activities:          
Proceeds from non-marketable securities     73,418 62  
Proceeds from maturities of investment securities available-for-sale     47,550 79,103  
Proceeds from maturities of investment securities held-to-maturity     34,891 69,734  
Proceeds from sales of other real estate owned     249 2,134  
Purchase of non-marketable securities     (77,067) (9,379)  
Purchase of investment securities available-for-sale     0 (260,246)  
Purchase of investment securities held-to-maturity     (2,452) (44,309)  
Purchases of premises and equipment, net     (16,436) (10,007)  
Net increase in loans     (190,288) (306,728)  
Proceeds from the sale of loans       933  
Net cash activity from acquisition     (45,300)    
Net cash used in investing activities     (175,435) (478,703)  
Cash flows from financing activities:          
Net increase (decrease) in deposits     247,861 (33,775)  
Net increase in repurchase agreements and other short-term borrowings     1,208 1,628  
Advances from the Federal Home Loan Bank     2,295,000    
Federal Home Loan Bank repayments     (2,295,000)    
Issuance of stock under purchase and equity compensation plans     (1,531) (1,623)  
Proceeds from exercise of stock options     15 482  
Payment of dividends     (19,501) (14,043)  
Net cash provided by (used in) financing activities     228,052 (47,331)  
Increase (decrease) in cash, cash equivalents and restricted cash(1)     126,813 (398,831)  
Cash, cash equivalents and restricted cash at beginning of the year(1)     198,519 850,220 $ 850,220
Cash, cash equivalents and restricted cash at end of period(1) $ 325,332 $ 451,389 325,332 451,389 $ 198,519
Supplemental disclosure of cash flow information during the period:          
Cash paid for interest     43,999 6,282  
Net tax payments     16,557 3,373  
Supplemental schedule of non-cash activities:          
Loans transferred from loans held for sale to loans     $ 4,646 $ 3,461