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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 96,094 $ 152,556 $ 103,996
Adjustments to reconcile net income to net cash provided by operating activities:      
Net loss (gain) on sales of securities available-for-sale and other assets 1,469 (1,397) (1,705)
Loss on equity securities 758   (131)
Net gain on sale of loans held for sale (1,707) (2,245) (24,791)
Loss on termination of derivatives     16,505
Net depreciation, amortization and accretion 6,025 8,314 7,805
Amortization of fair value hedge basis point adjustments 561    
Amortization of other intangible assets 1,425 1,878 2,622
Loss on extinguishment of debt   740 1,751
Stock-based compensation 4,638 4,278 5,407
Provision for credit losses 2,770 5,374 6,212
Originations of loans held for sale (8,219) (20,709) (48,610)
Proceeds from sale of loans originated for sale 32,433 46,474 77,184
Increase in cash surrender value of BOLI (9,103) (8,190) (6,721)
Gain from death benefits from BOLI (645) (2,156) (350)
Decrease (Increase) in other assets 10,332 (35,170) 125,486
(Decrease) increase in other liabilities (45,957) 145,425 (118,333)
Net cash provided by operating activities 90,874 295,172 146,327
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of securities available-for-sale 77,804   138,077
Proceeds from sales of marketable equity securities     6,101
Purchases of securities available-for-sale (86,084) (39,232) (1,095,028)
Purchases of securities held-to-maturity (28,328) (63,210) (40,249)
Proceeds from calls and principal repayments of securities available-for-sale 76,858 165,097 411,031
Proceeds from calls and principal repayments of securities held-to-maturity 22,986 31,736 1,360
Purchase of BOLI (8,000) (30,000) (40,000)
Proceeds received from cash surrender value of BOLI 1,224 2,843 1,464
Loans purchased     (9,855)
Proceeds from the sale of portfolio loans transferred to held for sale 5,000 13,201 684,898
Net increase in loans (259,805) (1,359,782) 282,683
(Purchases) sales of fixed assets, net (5,721) (3,745) 14
Proceeds from the sale of fixed assets and premises held for sale 25 1,914  
Purchases of restricted stock, net (10,005) (51,013) 46,337
Net cash received in business combination     715,988
Net cash used in investing activities (214,046) (1,332,191) 1,102,821
CASH FLOWS FROM FINANCING ACTIVITIES:      
Increase in deposits 276,411 (204,233) 518,682
(Repayments) proceeds from FHLBNY advances, short-term, net 20,000 1,070,000 (1,228,865)
Repayments of FHLBNY advances, long-term 162,000   (190,150)
Proceeds from FHLBNY advances, long-term (1,360) 36,000 25,000
(Repayments) proceeds of other short-term borrowings, net   (502) (118,138)
Proceeds from subordinated debentures issuance, net   157,559  
Redemption of subordinated debentures   (155,000)  
Proceeds from exercise of stock options     431
Release of stock for benefit plan awards 1,164 1,167 1,153
Payments related to tax withholding for equity awards (1,258) (1,558) (111)
BMP Employee Stock Ownership Plan shares received to satisfy distribution of retirement benefits     (993)
Purchase of treasury stock (947) (46,762) (59,280)
Redemption of REIT preferred stock     (121)
Cash dividends paid to preferred stockholders (7,286) (7,286) (7,286)
Cash dividends paid to common stockholders (37,302) (36,791) (39,351)
Net cash provided by financing activities 411,422 812,594 (1,099,029)
Increase (decrease) in cash and cash equivalents 288,250 (224,425) 150,119
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 169,297 393,722 243,603
CASH AND CASH EQUIVALENTS, END OF PERIOD 457,547 169,297 393,722
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid for income taxes 37,910 43,518 34,771
Cash paid for interest 280,815 54,910 28,460
Securities available-for-sale transferred to held-to-maturity   372,154 140,399
Loans transferred to held for sale 37,346 34,997 692,751
Loans transferred to held for investment   4,051  
Premises transferred to held for sale 905   2,799
Operating lease assets in exchange for operating lease liabilities $ 6,333 $ 5,098 9,769
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