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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES      
Net income $ 192,113 $ 242,260 $ 122,044
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of premises and equipment 13,042 13,387 14,131
Other net amortization (accretion) 8,890 (11,001) (9,890)
Provision for credit losses (1,663) (64,274) 107,741
Net securities losses (gains) 1,777 (1,113) (4,268)
Mortgage banking income (5,129) (19,528) (22,736)
Stock compensation expense 6,246 6,475 5,653
(Increase) decrease in deferred income tax assets, net 4,489 18,692 (10,518)
Increase in cash surrender value of bank-owned life insurance (10,728) (8,936) (7,359)
Loans originated for sale (240,270) (648,344) (910,155)
Proceeds from the sale of loans originated for sale 257,290 789,823 786,352
Net change in: accrued interest receivable and other assets (63,074) 60,503 (30,280)
Net change in: accrued interest payable and other liabilities 44,232 (35,098) 16,189
Other—net (3,075) (6,549) 2,702
Net cash provided by operating activities 204,140 336,297 59,606
INVESTING ACTIVITIES      
Net (increase) decrease in loans held for investment (958,192) 1,108,165 (538,688)
Available-for-sale debt securities:      
Proceeds from sales     226,099
Proceeds from maturities, prepayments and calls 604,330 839,584 803,006
Purchases of securities (468,399) (1,955,670) (585,930)
Held-to-maturity debt securities:      
Proceeds from maturities, prepayments and calls 88,407 108,883 200,100
Purchases of securities (335,042) (385,538) (82,695)
Equity securities:      
Proceeds from sales     203
Purchases of bank owned life insurance   (40,000)  
Proceeds from bank owned life insurance 8,726 4,615 832
Purchases of premises and equipment—net (7,990) (8,535) (7,551)
Sale of portfolio loans     42,416
Net cash (used in) provided by investing activities (1,068,160) (328,496) 57,792
FINANCING ACTIVITIES      
(Decrease) increase in deposits (432,775) 1,140,303 1,435,497
Proceeds from Federal Home Loan Bank borrowings 650,000   475,000
Repayment of Federal Home Loan Bank borrowings (128,980) (365,201) (1,341,814)
Decrease in other short-term borrowings (6,824) (100,057) (32,912)
Principal repayments of finance lease obligations (553) (444) (422)
Decrease in federal funds purchased     (7,500)
Issuance of subordinated debt, net of issuance costs 147,702    
Repayment of subordinated debt and junior subordinated debt   (60,000) (6,702)
Dividends paid to common shareholders (81,325) (86,484) (85,253)
Dividends paid to preferred shareholders (10,125) (10,125) (2,644)
Issuance of common stock     59
Issuance of preferred stock, net of issuance costs     144,484
Treasury shares purchased—net (116,047) (179,882) (24,540)
Net cash provided by financing activities 21,073 338,110 553,253
Net (decrease) increase in cash, cash equivalents and restricted cash (842,947) 345,911 670,651
Cash, cash equivalents and restricted cash at beginning of the year 1,251,358 905,447 234,796
Cash, cash equivalents and restricted cash at end of the year 408,411 1,251,358 905,447
SUPPLEMENTAL DISCLOSURES      
Interest paid on deposits and other borrowings 37,745 32,572 75,082
Income taxes paid 24,899 35,725 36,975
Transfers of loans to other real estate owned $ 1,554 $ 526 263
Transfers of portfolio loans to loans held for sale     $ 42,416