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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 76,313 $ 94,046
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 9,164 8,526
Allocation of ESOP stock 1,634 1,848
Stock compensation 4,910 5,019
Net excess tax expense on stock compensation 243 215
Amortization of servicing asset 54 77
Net premium amortization in excess of discount accretion on securities 3,818 5,522
Net amortization of deferred costs on borrowings 445 416
Amortization of core deposit intangible 3,008 3,559
Net accretion of purchase accounting adjustments (4,219) (7,433)
Net amortization of deferred fees/costs and premiums/discounts on loans (940) 349
Provision for credit losses 14,525 4,121
Net gain on sale of other real estate owned 0 (54)
Net write down of fixed assets held-for-sale to net realizable value 459 1,427
Net gain on sale of fixed assets (26) (52)
Net loss on sales of available-for-sale securities 697 0
Net loss on equity investments 5,908 7,502
Net gain on sales of loans (119) (348)
Proceeds from sales of residential loans held for sale 38,048 10,266
Residential loans originated for sale (37,239) (13,677)
Increase in value of bank owned life insurance (3,853) (4,881)
Net loss (gain) on sale of assets held for sale 7 (1,947)
Increase in interest and dividends receivable (5,326) (5,782)
Deferred tax benefit (93) (66)
Increase in other assets (22,350) (84,582)
Increase in other liabilities 66,016 185,927
Total adjustments 74,771 115,952
Net cash provided by operating activities 151,084 209,998
Cash flows from investing activities:    
Net increase in loans receivable (210,412) (938,915)
Proceeds from sale of loans 0 13,388
Purchase of residential loan pool 0 (161,701)
Premiums paid on purchased loan pool 0 (495)
Purchase of debt securities available-for-sale (4,287) (64,862)
Purchase of debt securities held-to-maturity (65,567) (26,666)
Purchase of equity investments (7,383) (5,935)
Proceeds from maturities and calls of debt securities available-for-sale 16,950 84,200
Proceeds from maturities and calls of debt securities held-to-maturity 13,940 25,126
Proceeds from sales of debt securities available-for-sale 1,300 30,257
Proceeds from sale of equity investments 4,822 19,235
Principal repayments on debt securities held-to-maturity 82,661 111,283
Proceeds from bank owned life insurance 385 2,970
Proceeds from the redemption of restricted equity investments 128,544 164,939
Purchases of restricted equity investments (101,745) (189,300)
Proceeds from sale of other real estate owned 0 160
Proceeds from sales of assets held-for-sale 969 7,676
Purchases of premises and equipment (6,062) (14,358)
Purchases of operating lease equipment 0 (4,789)
Net cash consideration received for acquisition 0 38,609
Net cash used in investing activities (145,885) (909,178)
Cash flows from financing activities:    
Increase in deposits 858,947 227,192
Increase (decrease) in short-term borrowings 13,807 (22,480)
Net (repayment) proceeds from FHLB advances (605,110) 514,200
Repayments of other borrowings 0 (35,076)
Increase in advances by borrowers for taxes and insurance 8,291 5,152
Exercise of stock options 593 346
Payment of employee taxes withheld from stock awards and phantom stock units (2,350) (1,473)
Purchase of treasury stock 0 (7,396)
Dividends paid (38,426) (34,779)
Distributions to non-controlling interest (55) (582)
Net cash provided by financing activities 235,697 645,104
Net increase (decrease) in cash and due from banks and restricted cash 240,896 (54,076)
Cash and due from banks and restricted cash at beginning of period 167,986 224,784
Cash and due from banks and restricted cash at end of period 408,882 170,708
Supplemental Disclosure of Cash Flow Information:    
Cash and due from banks at beginning of period 167,946 204,949
Restricted cash at beginning of period 40 19,835
Cash and due from banks at end of period 408,882 170,668
Restricted cash at end of period 0 40
Cash and due from banks and restricted cash at end of period 408,882 170,708
Cash paid during the period for:    
Interest 148,950 27,953
Income taxes 28,151 12,633
Non-cash activities:    
Accretion of unrealized loss on securities reclassified to held-to-maturity 453 451
Net loan charge-offs (recoveries) 8,271 (335)
Transfer of loans receivable to loans held-for-sale 0 13,178
Transfer of premises and equipment to assets held-for-sale 1,302 2,776
Non-cash assets acquired:    
Other current assets 0 238
Premises and equipment 0 18
Right of use (“ROU”) asset 0 779
Other assets 0 81
Total non-cash assets acquired 0 1,116
Liabilities assumed:    
Lease liability 0 779
Other liabilities 0 43,937
Total liabilities assumed $ 0 $ 44,716