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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Cash flows from operating activities:          
Net income $ 36,087 $ 15,839 $ 108,927 $ 54,553  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision for credit loss expense     3,725 12,386  
Depreciation and amortization     17,512 10,712  
Change in current income tax receivable     4,860 5,677  
Change in deferred income taxes     (4,108) (21,295)  
Discount accretion, net of premium amortization on securities     (619) 1,192  
Gain on sale of mortgages, net     (8,309) (20,733)  
Origination of loans held for sale, net of repayments     (326,477) (710,743)  
Proceeds from sales of loans held for sale     333,329 845,406  
Originations of mortgage servicing rights     (993) (3,895)  
Proceeds from sales of mortgage servicing rights     5,502    
Gain on sale of mortgage servicing rights     (1,052)    
Impairment on fixed assets related to banking center consolidations     113 118  
Gain on sale of fixed assets     (148) (1,674)  
Stock-based compensation     5,366 4,342  
Operating lease payments     (4,674) (3,515)  
Change in other assets     (23,559) (35,099)  
Change in other liabilities     12,917 43,665  
Net cash provided by operating activities     122,312 181,097  
Cash flows from investing activities:          
Proceeds from non-marketable securities     90,293 64  
Proceeds from maturities of investment securities available-for-sale     71,339 116,002  
Proceeds from maturities of investment securities held-to-maturity     53,947 93,201  
Proceeds from sales of other real estate owned     249 3,563  
Purchase of non-marketable securities     (93,852) (11,494)  
Purchase of investment securities available-for-sale     0 (260,249)  
Purchase of investment securities held-to-maturity     (2,452) (91,607)  
Purchases of premises and equipment, net     (24,687) (9,912)  
Net increase in loans     (254,910) (673,939)  
Proceeds from the sale of loans       933  
Net cash activity from acquisition     (45,300) 244,742  
Net cash used in investing activities     (205,373) (588,696)  
Cash flows from financing activities:          
Net increase (decrease) in deposits     275,834 (159,101)  
Net increase (decrease) in repurchase agreements and other short-term borrowings     59 (2,724)  
Advances from the Federal Home Loan Bank     3,795,000    
Federal Home Loan Bank repayments     (3,863,230)    
Issuance of stock under purchase and equity compensation plans     (1,054) (1,210)  
Proceeds from exercise of stock options     106 639  
Payment of dividends     (29,382) (21,004)  
Net cash provided by (used in) financing activities     177,333 (183,400)  
Increase (decrease) in cash, cash equivalents and restricted cash(1)     94,272 (590,999)  
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) $ 292,791 $ 259,221 292,791 259,221 $ 198,519
Supplemental disclosure of cash flow information during the period:          
Cash paid for interest     76,642 9,587  
Net tax payments     24,824 5,567  
Supplemental schedule of non-cash activities:          
Loans transferred from loans held for sale to loans     $ 5,176 4,762  
Treasury stock reissued for acquisition       $ 60,642