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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income before attribution of noncontrolling interest $ 15,531 $ 26,988
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Provision for credit losses 31,550 40,777
Net premium amortization on securities 2,586 2,440
Depreciation and amortization 3,129 3,567
Stock-based compensation expense 3,039 3,481
Change in cash surrender value of bank owned life insurance (4,584) (2,841)
Securities losses, net 171 10,968
Derivative losses (gains), net 196 (256)
Gains on sale of loans, net (2,294) (2,509)
Losses on loans held for sale carried at the lower cost or fair value 1,258 0
Loss on sale of other repossessed assets 0 2,649
Impairment on investment carried at cost 0 1,963
Deferred taxes and others 12,018 (3,309)
Gain on early extinguishment of advances from the FHLB, net (189) (26,613)
Proceeds from sales and repayments of loans held for sale (at fair value) 113,481 128,478
Originations and purchases of loans held for sale (at fair value) (168,016) (189,943)
Net changes in operating assets and liabilities:    
Accrued interest receivable and other assets (15,009) (8,025)
Accounts payable, accrued liabilities and other liabilities 7,580 4,346
Net cash provided by (used in) operating activities 447 (7,839)
Purchases of investment securities:    
Available for sale (115,935) (36,658)
Equity securities with readily determinable fair value not held for trading 0 (2,500)
Federal Home Loan Bank stock (36,343) (38,660)
Purchases of investment securities (152,278) (77,818)
Maturities, sales, calls and paydowns of investment securities:    
Available for sale 50,941 46,093
Held to maturity 6,729 7,373
Federal Home Loan Bank stock 30,226 43,775
Equity securities with readily determinable fair value not held for trading 0 11,168
Maturities, sales, calls and paydowns of investment securities 87,896 108,409
Net increase in loans (470,074) (291,759)
Proceeds from loan sales 434,318 14,462
Cash paid in business acquisition 0 (1,970)
Net purchases of premises and equipment and others (4,995) (7,247)
Proceeds from surrender of bank owned life insurance 62,741 0
Proceeds from bank owned life insurance death benefit 1,232 0
Proceeds from sale of repossessed assets 0 2,464
Net cash used in investing activities (41,160) (253,459)
Cash flows from financing activities    
Net (decrease) increase in demand, savings and money market accounts (92,417) 182,073
Net increase in time deposits 13,565 353,299
Proceeds from Advances from the Federal Home Loan Bank 1,212,500 1,130,000
Repayments of Advances from the Federal Home Loan Bank (1,092,311) (1,240,448)
Repurchase of common stock - Class A (4,448) (2,225)
Dividend paid (6,034) (6,040)
Disbursements arising from stock-based compensation, net (1,695) (901)
Net cash provided by financing activities 29,160 415,758
Net (decrease) increase in cash and cash equivalents and restricted cash (11,553) 154,460
Cash, cash equivalents and restricted cash    
Beginning of period 321,872 290,601
End of period 310,319 445,061
Cash paid:    
Interest 133,977 90,207
Income taxes 4,751 13,874
Right-of-use assets obtained in exchange for new lease obligations 0 6,233
Noncash investing activities:    
Mortgage loans held for sale (at fair value) transferred to loans held for investment 23,365 77,702
Loans transferred to other assets 0 26,534
Loans held for investment (at lower of cost or fair value) transferred to loans held for sale 553,085 0
Premises and equipment transferred to other assets 11,405 0
Right-of-use assets transferred to other assets $ 15,368 $ 0

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