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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 22,688 $ 50,431
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 28,337 3,463
Provision for credit losses 38,225 2,753
Provision for Loan, Lease, and Other Losses 39,239  
Net change in accrued interest receivable, prepaid expenses and other assets, and accrued expenses and other liabilities (12,298) 303
Stock-based compensation expense 2,694 2,366
Amortization of intangible assets 2,666 3,026
Origination of mortgage loans held for sale (93,422) (45,852)
Proceeds from sale of mortgage loans held for sale 93,830 43,544
Earnings on bank owned life insurance (2,440) (1,578)
Valuation adjustment on other real estate owned 0 51
(Gain) loss on sale of other real estate owned, net (179) 227
Gain on sale of mortgage loans held for sale, net (3,125) (1,613)
Gain on sale of investment securities, net (1,463) (329)
Gain on sale of assets held for sale (9) 0
Impairment of right of use asset 102 117
Gain on sale of premises and equipment, net (25) (14)
Net cash provided by operating activities 76,595 56,895
Cash flows from investing activities:    
Loans originated, net of principal payments (924,930) (79,000)
Maturities, calls and payments of investment securities available for sale 207,955 145,778
Purchase of investment securities available for sale (117,456) (156,501)
Proceeds from sales of investment securities available for sale 44,970 43,872
Purchase of premises and equipment (6,136) (10,526)
Proceeds from sales of other loans 0 3,562
Proceeds from sales of other real estate owned 1,290 864
Proceeds from Sale of Assets Held for Sale 394 0
Proceeds from Sale of Federal Home Loan Bank Stock 2,560 18,032
Purchases of Federal Home Loan Bank stock (2,844) (18,333)
Proceeds from sales of premises and equipment 53 35
Purchase of bank owned life insurance 3,579 8,000
Proceeds from bank owned life insurance death benefit 1,324 0
Capital contributions to low-income housing tax credit partnerships and new market tax credit partnerships, net (7,109) (16,992)
Net cash used by investing activities (803,508) (77,209)
Cash flows from financing activities:    
Net increase in deposits 1,106,372 129,855
Federal Home Loan Bank advances 19,000 445,800
Repayment of Federal Home Loan Bank advances (19,000) (445,800)
Common stock cash dividends paid (21,676) (20,288)
Net increase (decrease) in securities sold under agreement to repurchase 8,874 (5,604)
Proceeds from exercise of stock options 122 44
Repurchase of common stock (19,105) (8,635)
Net cash provided by financing activities 1,074,587 95,372
Net increase in cash and cash equivalents 347,674 75,058
Cash and cash equivalents at beginning of period 228,568 161,910
Cash and cash equivalents at end of period 576,242 236,968
Supplemental disclosures of cash flow information:    
Cash paid for interest 10,972 13,099
Cash paid for income taxes, net of refunds 8,279 7,098
Supplemental non-cash disclosures of cash flow information:    
Transfers of loans receivable to other real estate owned 270 0
Transfers of properties held for sale recorded in premises and equipment, net to prepaid expenses and other assets 0 1,533
Investment in low income housing tax credit partnership and related funding commitment 10,237 15,254
Cumulative effect from change in accounting policy [1] 7,175 29,754
Transfer of bank owned life insurance to prepaid expenses and other assets 0 209
Right of use assets obtained in exchange for new operating lease liabilities $ 273 $ 698
[1] Effective January 1, 2020, Company adopted ASU 2016-13, Financial Instruments - Credit Losses. Effective January 1, 2019, the Company adopted ASU 2016-02, Leases.