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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 152,556 $ 103,996 $ 42,318
Adjustments to reconcile net income to net cash provided by operating activities:      
Net gain on sales of securities available-for-sale and other assets (1,397) (1,705) (4,592)
Net gain on equity securities   (131) (361)
Net gain on sale of loans held for sale (2,245) (24,791) (3,002)
Loss on termination of derivatives   16,505 6,596
Net depreciation, amortization and accretion 8,314 7,805 5,069
Amortization of other intangible assets 1,878 2,622  
Loss on extinguishment of debt 740 1,751 1,104
Stock-based compensation 4,278 5,407 7,223
Provision for credit losses 5,374 6,212 26,165
Originations of loans held for sale (20,709) (48,610) (50,359)
Proceeds from sale of loans originated for sale 46,474 77,184 62,383
Increase in cash surrender value of BOLI (8,190) (6,721) (3,725)
Gain from death benefits from BOLI (2,156) (350) (1,134)
(Increase) decrease in other assets (35,170) 125,486 (16,175)
Increase (decrease) in other liabilities 145,425 (118,333) (11,578)
Net cash provided by operating activities 295,172 146,327 59,932
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of securities available-for-sale   138,077 94,252
Proceeds from sales of marketable equity securities   6,101 546
Purchases of securities available-for-sale (39,232) (1,095,028) (219,621)
Purchases of securities held-to-maturity (63,210) (40,249)  
Acquisition of marketable equity securities     (261)
Proceeds from calls and principal repayments of securities available-for-sale 165,097 411,031 153,119
Proceeds from calls and principal repayments of securities held-to-maturity 31,736 1,360  
Purchase of BOLI (30,000) (40,000) (40,000)
Proceeds received from cash surrender value of BOLI 2,843 1,464 3,020
Loans purchased   (9,855) (29,892)
Proceeds from the sale of portfolio loans transferred to held for sale 13,201 684,898 47,830
Net (increase) decrease in loans (1,359,782) 282,683 (327,736)
Purchases fixed assets, net (3,745)   (954)
Sales of fixed assets, net   14  
Proceeds from the sale of fixed assets and premises held for sale 1,914    
(Purchases) redemptions of restricted stock, net (51,013) 46,337 (4,688)
Net cash received in business combination   715,988  
Net cash (used in) provided by investing activities (1,332,191) 1,102,821 (324,385)
CASH FLOWS FROM FINANCING ACTIVITIES:      
(Decrease) increase in deposits (204,233) 518,682 176,027
Proceeds (repayments) from FHLBNY advances, short-term, net 1,070,000 (1,228,865) 127,500
Repayments of FHLBNY advances, long-term   (190,150) (113,190)
Proceeds from FHLBNY advances, long-term 36,000 25,000 97,450
(Repayments) proceeds of other short-term borrowings, net (502) (118,138) 10,000
Proceeds from subordinated debentures issuance, net 157,559    
Redemption of subordinated debentures (155,000)    
Proceeds from preferred stock issuance, net     116,569
Proceeds from exercise of stock options   431 38
Release of stock for benefit plan awards 1,167 1,153 84
Payments related to tax withholding for equity awards (1,558) (111) (3,060)
BMP Employee Stock Ownership Plan shares received to satisfy distribution of retirement benefits   (993)  
Purchase of treasury stock (46,762) (59,280) (35,356)
Redemption of REIT preferred stock   (121)  
Cash dividends paid to preferred stockholders (7,286) (7,286) (4,783)
Cash dividends paid to common stockholders (36,791) (39,351) (18,711)
Net cash provided by (used in) financing activities 812,594 (1,099,029) 352,568
(Decrease) increase in cash and cash equivalents (224,425) 150,119 88,115
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 393,722 243,603 155,488
CASH AND CASH EQUIVALENTS, END OF PERIOD 169,297 393,722 243,603
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid for income taxes 43,518 34,771 15,755
Cash paid for interest 54,910 28,460 59,138
Securities available-for-sale transferred to held-to-maturity 372,154 140,399  
Loans transferred to held for sale 34,997 692,751 62,243
Loans transferred to held for investment 4,051    
Premises transferred from held for sale     (514)
Premises transferred to held for sale   2,799  
Operating lease assets in exchange for operating lease liabilities $ 5,098 9,769 $ 1,524
Cumulative change due to Current Expected Credit Loss ("CECL") Standard adoption   1,686  
Net non-cash liabilities assumed in Merger (See Note 2)   $ 324,937