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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 684,028 $ 661,925
Money market investments:    
Time deposits with other financial institutions 500 300
Other short-term investments 843 939
Total money market investments 1,343 1,239
Available-for-sale debt securities, at fair value (amortized cost of $5,372,557 as of September 30, 2024 and $5,863,294 as of December 31, 2023; ACL of $526 as of September 30, 2024 and $511 as of December 31, 2023) 4,894,781 5,229,984
Held-to-maturity debt securities, at amortized cost, net of ACL of $1,119 as of September 30, 2024 and $2,197 as of December 31, 2023 (fair value of $316,854 as of September 30, 2024 and $346,132 as of December 31, 2023) 322,023 351,981
Equity securities 52,432 49,675
Total investment securities 5,269,236 5,631,640
Loans, net of ACL of $246,996 as of September 30, 2024 and $261,843 as of December 31, 2023 12,199,028 11,923,640
Mortgage loans held for sale, at lower of cost or market 12,641 7,368
Total loans, net 12,211,669 11,931,008
Accrued interest receivableAccrued interest receivable 67,112 77,716
Premises and equipment, net 136,401 142,016
Other real estate owned 19,330 32,669
Deferred tax asset, net 137,484 150,127
Goodwill 38,611 38,611
Other intangible assets 8,260 13,383
Other assets 285,696 229,215
Total assets 18,859,170 18,909,549
LIABILITIES    
Non-interest-bearing deposits 5,275,733 5,404,121
Interest-bearing deposits 11,071,657 11,151,864
Total deposits 16,347,390 16,555,985
Long-term advances from the FHLB 500,000 500,000
Other long-term borrowings 111,700 161,700
Accounts payable and other liabilities 199,195 194,255
Total liabilities 17,158,285 17,411,940
Commitments and contingencies (See Note 21)
STOCKHOLDERS' EQUITY    
Common stock, $0.10 par value, 2,000,000,000 shares authorized; 223,663,116 shares issued; 163,875,810 shares outstanding as of September 30, 2024 and 169,302,812 as of December 31, 2023 22,366 22,366
Additional paid-in capital 962,973 965,707
Retained earnings, includes legal surplus reserve of $199,576 as of each of September 30, 2024 and December 31, 2023 1,989,419 1,846,112
Treasury stock (at cost), 59,787,306 shares as of September 30, 2024 and 54,360,304 shares as of December 31, 2023 (790,252) (697,406)
Accumulated other comprehensive loss, net of tax of $8,581 as of each of September 30, 2024 and December 31, 2023 (483,621) (639,170)
Total stockholders' equity 1,700,885 1,497,609
Total liabilities and stockholders' equity $ 18,859,170 $ 18,909,549