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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 $ 100,390 $ 104,065 $ 147,357
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of premises and equipment 10,903 12,327 11,683
Allocation of ESOP stock 1,114 2,070 2,506
Stock compensation 6,084 5,854 6,638
Net excess tax expense on stock compensation 365 243 216
Amortization of intangibles 3,333 3,984 4,718
Net accretion of purchase accounting adjustments (2,865) (5,848) (9,752)
Amortization of servicing asset 308 90 77
Net premium amortization in excess of discount accretion on securities 870 3,133 7,164
Net amortization of deferred costs on borrowings 626 598 548
Net amortization of deferred fees/costs and premiums/discounts on loans (3,055) (1,094) 1,129
Provision for credit losses 7,689 17,678 7,768
Net gain on sale of other real estate owned 0 0 (54)
Net write-down of fixed assets held-for-sale to net realizable value 0 459 1,482
Net gain on sale of fixed assets (131) (26) (38)
Net (gain) loss on equity investments (4,225) 3,732 (9,685)
Net gain on sales of loans (2,358) (428) (358)
Net loss on sale of available-for-sale securities 106 697 0
Proceeds from sales of residential loans held for sale 270,171 58,495 12,616
Residential loans originated for sale (283,858) (62,543) (13,158)
Increase in value of bank owned life insurance (6,566) (5,280) (6,578)
Net (gain) loss on sale of assets held for sale (855) 233 (1,959)
Decrease (increase) in interest and dividends receivable 5,960 (7,170) (12,098)
Deferred tax (benefit) provision (337) 3,151 1,777
(Increase) decrease in other assets (3,364) 34,504 (80,233)
(Decrease) increase in other liabilities (8,062) (44,663) 178,684
Total adjustments (8,147) 20,196 103,093
Net cash provided by operating activities 92,243 124,261 250,450
Cash flows from investing activities:      
Net decrease (increase) in loans receivable 199,094 (243,545) (1,126,997)
Purchases of loan pools (84,464) (35,904) (171,623)
Discounts received (premiums paid) on purchased loan pools 8,397 (1,210) (866)
Proceeds from sale of loans 0 0 13,388
Purchase of debt securities available-for-sale (256,784) (302,909) (69,493)
Purchase of debt securities held-to-maturity (6,971) (65,567) (249,751)
Purchase of equity investments (3,082) (7,661) (9,366)
Proceeds from maturities and calls of debt securities available-for-sale 19,537 22,376 104,449
Proceeds from maturities and calls of debt securities held-to-maturity 22,217 19,425 30,241
Proceeds from sales of debt securities available-for-sale 7,121 1,300 30,257
Proceeds from sales of equity investments 22,782 4,822 19,234
Principal repayments on debt securities available-for-sale 162,329 926 0
Principal repayments on debt securities held-to-maturity 100,472 108,037 135,417
Proceeds from bank owned life insurance 2,856 385 4,182
Proceeds from the redemption of restricted equity investments 81,199 128,964 234,627
Purchases of restricted equity investments (96,067) (113,447) (290,710)
Proceeds from sales of other real estate owned 0 0 160
Proceeds from sales of assets held-for-sale 883 3,719 8,130
Purchases of premises and equipment (7,567) (7,708) (16,107)
Proceeds from disposal of premises and equipment 3,380 0 0
Purchases of operating lease equipment 0 0 (4,789)
Net cash consideration (paid) received for acquisition   0 38,609
Net cash consideration (paid) received for acquisition (68,932)    
Net cash provided by (used in) investing activities 106,400 (487,997) (1,321,008)
Cash flows from financing activities:      
Net (decrease) increase in deposits (366,502) 760,023 (56,963)
(Decrease) increase in short-term borrowings (12,667) 3,950 (49,672)
Net proceeds (repayment) from FHLB advances 223,975 (362,530) 1,211,166
Repayments of other borrowings 0 0 (35,104)
Increase in advances by borrowers for taxes and insurance 624 1,002 1,100
Exercise of stock options 571 702 424
Payment of employee taxes withheld from stock awards (2,391) (2,350) (1,502)
Purchase of treasury stock (21,476) 0 (7,396)
Dividends paid (50,880) (51,274) (47,511)
Distributions to non-controlling interest 0 (55) (782)
Net cash (used in) provided by financing activities (228,746) 349,468 1,013,760
Net decrease in cash and due from banks and restricted cash (30,103) (14,268) (56,798)
Cash and due from banks and restricted cash at beginning of year 153,718 167,986 224,784
Cash and due from banks and restricted cash at end of year 123,615 153,718 167,986
Supplemental disclosure of cash flow information:      
Cash and due from banks at beginning of year 153,718 167,946 204,949
Restricted cash at beginning of year 0 40 19,835
Cash and due from banks at end of year 123,615 153,718 167,946
Restricted cash at end of year 0 0 40
Cash and due from banks and restricted cash at end of year 123,615 153,718 167,986
Cash paid during the year for:      
Interest 320,264 225,405 49,700
Income taxes 33,786 29,331 25,383
Non-cash activities:      
Accretion of unrealized loss on securities reclassified to held-to-maturity 413 503 590
Net loan charge-offs (recoveries) 1,555 8,382 (340)
Transfer of premises and equipment to assets held-for-sale 0 1,302 2,776
Transfer of securities from held-to-maturity to available-for-sale 500 0 0
Transfer of loans receivable to loans held-for-sale 0 0 13,178
Settlement of preexisting loan receivable from Spring Garden 96,979 0 0
Non-cash assets acquired:      
Loans 140,062 0 0
Other current assets 0 0 238
Premises and equipment 157 0 18
Right of use ("ROU") asset 0 0 779
Other real estate owned 1,666 0 0
Other assets 1,122 0 81
Goodwill and other intangible assets, net 23,662 0 5,827
Total non-cash assets acquired 166,669 0 6,943
Liabilities assumed:      
Lease liability 0 0 779
Other liabilities 4,033 0 43,937
Total lease and other liabilities 4,033 0 44,716
Total liabilities assumed $ 4,033 $ 0 $ 44,716