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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 51,155 $ 36,170
Adjustments to reconcile net income to net cash provided by operating activities:    
Net gain on sale of securities available-for-sale (149)  
Gain on sale of other assets   (6,663)
Fair value change in equity securities and loans held for sale (101) 1,258
Gain on sale of loans held for sale (551) (470)
Net depreciation, amortization and accretion 2,183 2,931
(Accretion) amortization of fair value hedge basis point adjustments (827) 1,262
Amortization of other intangible assets 487 592
Loss on extinguishment of debt   453
Stock-based compensation 3,675 3,026
Provision for credit losses 18,847 10,795
Originations of loans held for sale (7,124) (4,069)
Proceeds from sale of loans originated for sale 13,654 9,633
Increase in cash surrender value of BOLI (7,783) (4,945)
Gain from death benefits from BOLI (371)  
Decrease (increase) in other assets 81,248 (5,685)
Decrease in other liabilities (65,860) (930)
Net cash provided by operating activities 88,483 43,358
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available-for-sale 24,837  
Purchases of securities available-for-sale (79,973) (4,000)
Purchases of securities held-to-maturity (987) (7,394)
Proceeds from calls and principal repayments of securities available-for-sale 53,453 76,832
Proceeds from calls and principal repayments of securities held-to-maturity 14,796 15,802
Purchase of BOLI (97,317)  
Proceeds received from cash surrender value of BOLI 1,486  
Loans purchased (5,155) (3,915)
Proceeds from the sale of portfolio loans transferred to held for sale 5,165 7,405
Increase in loans (7,849) (72,206)
Purchases fixed assets, net (2,676) (3,429)
Proceeds from the sale of fixed assets and premises held for sale   16,318
Sales of restricted stock, net 1,996 30,305
Net cash (used in) provided by investing activities (92,224) 55,718
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase in deposits 53,960 497,835
Repayments from FHLBNY advances, short-term, net (100,000) (590,000)
Repayments of FHLBNY advances, long-term   (150,000)
Proceeds from FHLBNY advances, long-term   60,000
Repayments of other short-term borrowings, net (50,000)  
Proceeds from subordinated debentures issuance, net   62,660
Release of stock for benefit plan awards 483 557
Payments related to tax withholding for equity awards (2,445) (1,084)
Cash dividends paid to preferred stockholders (3,643) (3,643)
Cash dividends paid to common stockholders (21,431) (18,965)
Net cash used in financing activities (123,076) (142,640)
Decrease in cash and cash equivalents (126,817) (43,564)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,283,571 457,547
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,156,754 413,983
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 18,651 16,213
Cash paid for interest 137,815 176,592
Loans transferred to held for sale 23,887 14,172
Loans transferred to held for investment 21,617  
Operating lease assets in exchange for operating lease liabilities $ 5,169 $ 5,005