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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 76,492 $ 83,800 $ 87,715
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 7,448 16,753 24,691
Depreciation and amortization 16,800 17,628 12,305
Net amortization on securities 4,807 6,889 8,734
Accretion of net premium/discount on purchased loans (2) (2,023) (2,840)
Amortization of investments in tax credit funds 1,749 1,842 1,659
Loss (gain) on sale of securities, net 14,799 11,635 (1,664)
Deferred income tax (benefit) expense (1,467) 27,714 18,309
Stock-based compensation expense 7,166 5,281 3,449
Originations of mortgage loans held for sale (197,577) (187,088) (259,202)
Proceeds from mortgage loans held for sale 185,339 158,357 264,607
Gain on mortgage loans held for sale (including origination of MSR for the years ended December 31, 2023 and 2022) (4,928) (3,819) (7,175)
MSR asset valuation adjustment (450) 4,089 (1,219)
Gain on sale of MSR asset (410) 0 0
Net (gain) loss on disposals of premises and equipment (878) 2 (19)
Increase in the cash surrender value of life insurance (935) (865) (688)
Gain on equity securities without a readily determinable fair value (5,188) (10,096) 0
Net (gain) losses on sales and write-downs of other real estate owned (67) (66) 194
Net change in operating leases 1,869 (770) (3)
Increase in other assets (1,074) (6,627) (2,099)
Increase (decrease) in other liabilities 4,988 7,285 (1,105)
Net cash provided by operating activities 108,481 129,921 145,649
Cash flows from investing activities:      
Cash acquired in business combination 0 0 69,953
Purchases of securities available for sale (247,387) (10,981) (558,091)
Maturities and pay downs of securities available for sale 166,818 137,815 165,328
Proceeds from sales and calls of securities available for sale 231,199 291,189 487,544
Purchase of securities held to maturity 0 0 (7,000)
Maturities, pay downs and calls of securities held to maturity 522 486 17,750
Pay downs of securities carried at fair value 299 285 275
Redemption of non-marketable equity securities held in other financial institutions [1] 10,680 0 0
Purchase of non-marketable equity securities held in other financial institutions [1] (21,302) 0 0
Net redemptions (purchases) of non-marketable equity securities held in other financial institutions [1] (10,622) 23,980 (15,818)
Originations of mortgage warehouse loans (9,705,580) (6,470,400) (9,126,356)
Proceeds from pay-offs of mortgage warehouse loans 9,686,466 6,425,300 9,468,569
Net decrease (increase) in loans, excluding mortgage warehouse and loans held for sale 106,877 (499,558) (949,638)
Proceeds from sale of the MSR asset 15,885 0 0
Return of capital and other distributions from limited partnership investments 1,374 1,757 6,668
Capital calls on limited partnership investments (1,082) (2,644) (4,057)
Purchase of low-income housing tax credit investments (664) (572) (3,646)
Purchases of premises and equipment (22,047) (26,830) (8,466)
Proceeds from sales of premises and equipment 5,568 49 0
Proceeds from sales of other real estate owned 4,434 93 997
Purchase of equity method investment (800) 0 0
Proceeds from termination of cash flow hedge 680 0 0
Net cash provided by (used in) investing activities 231,940 (130,031) (455,988)
Cash flows from financing activities:      
Net (decrease) increase in deposits (28,005) 475,423 (361,450)
Repayments of long-term FHLB advances (275) (266) (250,257)
Proceeds from short-term FHLB advances 1,685,000 6,065,000 10,025,000
Repayments of short-term FHLB advances (1,755,000) (6,545,000) (9,475,000)
Maturities of subordinated debentures 0 (2,625) 0
Repurchase of subordinated debentures (34,599) (4,729) 0
Repayments of other short-term borrowings 0 (30,000) 0
Proceeds from other short-term borrowings 0 0 30,000
Net (decrease) increase in securities sold under agreements to repurchase (863) (20,797) 8,339
Dividends paid (18,745) (18,567) (15,887)
Cash received from exercise of stock options 1,874 3,140 2,948
Net cash used in financing activities (150,613) (78,421) (36,307)
Net increase (decrease) in cash and cash equivalents 189,808 (78,531) (346,646)
Cash and cash equivalents at beginning of year 280,441 358,972 705,618
Cash and cash equivalents at end of year 470,249 280,441 358,972
Interest paid 268,459 215,479 50,104
Income taxes paid (refund) 24,171 383 (6,261)
Significant non-cash transactions:      
Unsettled liability for investment purchases recorded at trade date (5) 0 751
Real estate acquired in settlement of loans 3,576 3,243 675
Real estate transferred from fixed assets to other real estate owned 894 0 0
Transfers from loans held for sale to loans held for investment [1] 18,596 0 0
Decrease in Government National Mortgage Association (“GNMA”) repurchase obligation 0 (24,569) (18,786)
Recognition of operating right-of-use assets 11,454 20,568 13,428
Recognition of operating lease liabilities 12,659 20,653 13,643
Total assets acquired in BTH merger 0 0 1,846,598
Total liabilities assumed in BTH merger 0 0 1,633,340
Common stock issued in BTH merger as consideration $ 0 $ 0 $ 292,657
[1] No change was made to the prior period presentation due to immateriality.