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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities:      
Net income $ 122,844 $ 166,299 $ 235,107
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 22,006 11,906 14,522
Provision/ (credit) for credit losses - loans (17,561) 34,372 (45,556)
Share based compensation expense 7,631 7,887 5,299
Gain on disposal of assets 0 (16,516) 0
Deferred income tax / (benefit) 5,891 (9,491) 12,255
Origination of loans held for sale (367,910) (363,204) (1,385,664)
Proceeds from sales of loans held for sale 374,468 398,688 1,456,110
Gains on sales of loans held for sale (5,688) (7,781) (31,561)
(Gains)/ losses on sale of other real estate owned (66) 86 241
Investment securities (gains)/ losses 0 345 (212)
Tax benefit associated with share based compensation 295 (646) (1,850)
Net (increase)/ decrease in accrued interest receivable (5,411) (6,823) 12,082
Net increase in other assets (6,490) (4,776) (35,498)
Net increase/ (decrease) accrued expenses and other liabilities 6,176 9,686 (20,771)
Other, net 1,630 (3,710) 1,894
Net cash provided by operating activities 137,815 216,322 216,398
Investing activities:      
Sales/ (purchases) of other investments (6,388) (28,052)  
Sales/ (purchases) of other investments     24,594
Purchases of investments available-for-sale (17,687) (469,792) (933,491)
Proceeds from sales of investment available-for-sale 0 18,087 400,567
Proceeds from maturities, calls and principal payments of investments available-for-sale 160,637 240,217 369,678
Proceeds from maturities, calls and principal payments of investments held-to-maturity 24,675 31,759 0
Net (increase)/ decrease in loans 30,971 (1,420,983) 457,724
Proceeds from the sales of other real estate owned 712 335 680
Proceeds from sale of business activity, net 0 23,822 0
Expenditures for premises and equipment (13,982) (14,589) (11,491)
Net cash provided by/ (used in) investing activities 178,938 (1,619,196) 308,261
Financing activities:      
Net increase in deposits 44,411 330,721 595,942
Net increase/ (decrease) in retail repurchase agreements, federal funds purchased and Federal Reserve Bank borrowings 53,065 180,881 (402,071)
Proceeds from FHLB advances 2,030,000 2,526,625 0
Repayment of FHLB advances (2,030,000) (1,976,625) (379,075)
Proceeds from issuance of subordinated debt 0 200,000 0
Retirement of subordinated debt 0 0 (53,000)
Proceeds from issuance of common stock 2,417 2,192 5,758
Stock tendered for payment of withholding taxes (1,821) (2,353) (1,577)
Repurchase of common stock 0 (24,987) (107,268)
Dividends paid (61,159) (61,368) (60,351)
Net cash provided by/ (used in) financing activities 36,913 1,175,086 (401,642)
Net increase/ (decrease) in cash and cash equivalents 353,666 (227,788) 123,017
Cash and cash equivalents at beginning of year 192,232 420,020 297,003
Cash and cash equivalents at end of year 545,898 192,232 420,020
Supplemental Disclosures:      
Interest payments 263,473 62,240 37,847
Income tax payments, net of refunds of $0, $966 and $2,673 in 2023, 2022 and 2021 35,945 62,098 71,908
Transfers from loans to other real estate owned $ 0 $ 0 $ 257