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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Cash Flows From Operating Activities:          
Net (Loss) Income $ (83,802) $ 28,692 $ (84,140) $ 52,926  
Adjustments to reconcile Net (Loss) Income to net cash provided by operating activities:          
Provision for credit losses 8,959 5,238 44,134 11,402  
Provision for credit losses for unfunded commitments     1,064 1,166  
Goodwill impairment 104,168 0 104,168 0 $ 0
Depreciation and amortization     1,492 1,778  
Gain on sale of loans     (37) (400)  
(Gain) loss on mortgage servicing rights     (1,335) 70  
Securities premium amortization, net     2,798 3,272  
Origination of loans held for sale     0 (29,690)  
Proceeds from sale of loans held for sale     0 36,824  
Net gain on sale of other real estate owned     0 (134)  
(Gain) loss on sale of investment securities     (7) 19  
Net increase in cash surrender value of BOLI     (1,412) (1,303)  
Stock-based compensation expense     5,032 5,684  
Decrease (increase) in other assets     283 (15,623)  
Increase (decrease) in other liabilities     (13,947) 25,558  
Net Cash Provided by Operating Activities     58,093 91,549  
Investment securities available-for-sale:          
Proceeds from maturities     55,386 60,999  
Proceeds from sale/call     27,000 8,303  
Investment securities held-to-maturity:          
Proceeds from maturities     34,783 39,006  
Proceeds from call     102 341  
Purchase of Federal Reserve stock     (142) (158)  
Redemption (purchase) of Federal Home Loan Bank stock     (28,384) 19,026  
Proceeds from sale of mortgage servicing rights     3,618  
Net increase in loans     (62,045) (137,661)  
Redemption of BOLI     0 736  
Proceeds from sale of OREO     656 609  
Net change in premises and equipment     (30) (221)  
Net Cash Provided by (Used in) Investing Activities     30,944 (9,020)  
Cash Flows From Financing Activities:          
Decrease in deposits     (540,691) (995,055)  
Increase in customer repurchase agreements     8,633 1,917  
Proceeds from borrowings     2,650,000 5,683,000  
Repayment of borrowings     (2,360,000) (4,821,242)  
Proceeds from employee stock purchase plan     223 314  
Common stock repurchased     0 (48,037)  
Cash dividends paid     (27,053) (27,362)  
Net Cash Used in Financing Activities     (268,888) (206,465)  
Net Decrease in Cash and Cash Equivalents     (179,851) (123,936)  
Cash and Cash Equivalents at Beginning of Period     722,684 311,854 311,854
Cash and Cash Equivalents at End of Period $ 542,833 $ 187,918 542,833 187,918 $ 722,684
Supplemental Cash Flows Information:          
Interest paid     180,999 164,083  
Income taxes paid     0 9,930  
Non-Cash Investing Activities          
Transfer from loans to loans held for sale     5,000 0  
Transfers from loans to other real estate owned     $ 400 $ 0