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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ 78,228 $ 76,313
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 8,277 9,164
Allocation of ESOP stock 798 1,634
Stock compensation 4,515 4,910
Net excess tax expense on stock compensation 365 243
Amortization of servicing asset 261 54
Net premium amortization in excess of discount accretion on securities 561 3,818
Net amortization of deferred costs on borrowings 463 445
Amortization of core deposit intangible 2,457 3,008
Net accretion of purchase accounting adjustments (2,826) (4,219)
Net amortization of deferred fees/costs and premiums/discounts on loans (1,574) (940)
Provision for credit losses 4,222 14,525
Net write down of fixed assets held-for-sale to net realizable value 0 459
Net gain on sale of fixed assets (131) (26)
Net loss on sales of available-for-sale securities 106 697
Net (gain) loss on equity investments (4,230) 5,908
Net gain on sales of loans (1,282) (119)
Proceeds from sales of residential loans held for sale 141,588 38,048
Residential loans originated for sale (158,176) (37,239)
Increase in value of bank owned life insurance (4,796) (3,853)
Net (gain) loss on sale of assets held for sale (855) 7
Decrease (increase) in interest and dividends receivable 3,053 (5,326)
Deferred tax provision (benefit) 935 (93)
Decrease (increase) in other assets 19,330 (22,350)
(Decrease) increase in other liabilities (43,849) 66,016
Total adjustments (30,788) 74,771
Net cash provided by operating activities 47,440 151,084
Cash flows from investing activities:    
Net decrease (increase) in loans receivable 173,444 (210,412)
Purchase of debt securities available-for-sale (243,795) (4,287)
Purchase of debt securities held-to-maturity (6,971) (65,567)
Purchase of equity investments (3,032) (7,383)
Proceeds from maturities and calls of debt securities available-for-sale 15,870 16,950
Proceeds from maturities and calls of debt securities held-to-maturity 19,202 13,940
Proceeds from sales of debt securities available-for-sale 2,121 1,300
Proceeds from calls and sales of equity investments 11,256 4,822
Principal repayments on debt securities available-for-sale 78,413 0
Principal repayments on debt securities held-to-maturity 73,799 82,661
Proceeds from bank owned life insurance 2,156 385
Proceeds from the redemption of restricted equity investments 71,927 128,544
Purchases of restricted equity investments (76,706) (101,745)
Proceeds from sales of assets held-for-sale 883 969
Purchases of premises and equipment (5,949) (6,062)
Proceeds from disposal of premises and equipment 3,380 0
Net cash consideration paid for acquisition (1,000) 0
Net cash provided by (used in) investing activities 114,998 (145,885)
Cash flows from financing activities:    
(Decrease) increase in deposits (318,686) 858,947
Increase in short-term borrowings 7,949 13,807
Net proceeds (repayment) of FHLB advances 43,224 (605,110)
Net proceeds from other borrowings 222,662 0
Increase in advances by borrowers for taxes and insurance 4,875 8,291
Exercise of stock options 48 593
Payment of employee taxes withheld from stock awards and phantom stock units (2,354) (2,350)
Purchase of treasury stock (21,481) 0
Dividends paid (38,222) (38,426)
Distributions to non-controlling interest 0 (55)
Net cash (used in) provided by financing activities (101,985) 235,697
Net increase in cash and due from banks and restricted cash 60,453 240,896
Cash and due from banks and restricted cash at beginning of period 153,718 167,986
Cash and due from banks and restricted cash at end of period 214,171 408,882
Supplemental Disclosure of Cash Flow Information:    
Cash and due from banks at beginning of period 153,718 167,946
Restricted cash at beginning of period 0 40
Cash and due from banks at end of period 214,171 408,882
Restricted cash at end of period 0 0
Cash and due from banks and restricted cash at end of period 214,171 408,882
Cash paid during the period for:    
Interest 219,314 148,950
Income taxes 26,890 28,151
Non-cash activities:    
Accretion of unrealized loss on securities reclassified to held-to-maturity 305 453
Net loan charge-offs 1,713 8,271
Transfer of securities from held-to-maturity to available-for-sale 500 0
Transfer of premises and equipment to assets held-for-sale $ 0 $ 1,302