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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS:    
Cash and due from banks $ 208,300 $ 212,273
Interest-earning deposits in financial institutions 6,489,847 2,027,949
Total cash, cash equivalents, and restricted cash 6,698,147 2,240,222
Securities available-for-sale, at fair value (amortized cost of $5,515,823 and $5,654,617, respectively) 4,708,519 4,843,487
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss 2,278,202 [1] 2,269,135 [2]
Federal Home Loan Bank stock, at cost 17,250 34,290
Total investment securities 7,003,971 7,146,912
Loans Receivable Held-for-sale, Amount 478,146 65,076
Gross loans and leases held for investment 22,311,292 28,726,016
Deferred fees, net (53,082) (116,887)
Allowance for loan and lease losses (219,234) (200,732)
Total loans and leases held for investment, net [3] 22,038,976 28,408,397
Equipment leased to others under operating leases 380,022 404,245
Premises and equipment, net 57,078 54,315
Foreclosed assets, net 8,426 5,022
Goodwill 0 1,376,736
Core deposit and customer relationship intangibles, net 26,581 31,381
Deferred Tax Assets, Tax Deferred Expense 426,304 281,848
Other assets 1,219,599 1,214,782
Total assets 38,337,250 41,228,936
LIABILITIES AND STOCKHOLDERS' EQUITY    
Noninterest-bearing deposits 6,055,358 11,212,357
Interest-bearing deposits 21,841,725 22,723,977
Total deposits 27,897,083 33,936,334
Borrowings (including $123,065 at fair value) 6,357,338 1,764,030
Subordinated debt 870,378 867,087
Accrued interest payable and other liabilities 679,256 710,954
Total liabilities 35,804,055 37,278,405
Commitments and contingencies
Preferred stock par value (usd per share) $ 0.01 $ 0.01
Preferred Stock, Shares Authorized 5,000,000 5,000,000
Preferred stock issued (shares) 513,250 513,250
Preferred stock outstanding (shares) 513,250 513,250
Preferred Stock $0.01 par value; 5,000,000 shares authorized; 513,250 Series A shares, $1,000 per share liquidation preference, issued and outstanding at June 30, 2023 and December 31, 2022 $ 498,516 $ 498,516
Common stock ($0.01 par value, 200,000,000 shares authorized at June 30, 2023 and December 31, 2022; 123,000,557 and 123,000,557 shares issued, respectively, including 3,082,495 and 2,778,500 shares of unvested restricted stock, respectively) 1,233 1,230
Additional paid-in capital 2,911,268 2,927,903
Retained earnings $ 7,892 $ 1,420,624
Treasury Stock, Shares 3,082,495 and 2,778,500 shares at June 30, 2023 and December 31, 2022) 3,082,495 2,778,500
Treasury stock, at cost $ (111,911) $ (106,839)
Accumulated other comprehensive (loss) income, net (773,803) (790,903)
Total stockholders' equity 2,533,195 3,950,531
Total liabilities and stockholders' equity $ 38,337,250 $ 41,228,936
Preferred Stock, Liquidation Preference Per Share $ 1,000 $ 1,000
[1] Excludes accrued interest receivable of $13.4 million at June 30, 2023 which is recorded in "Other assets" on the condensed consolidated balance sheets
[2] Excludes accrued interest receivable of $13.5 million at December 31, 2022 which is recorded in "Other assets" on the condensed consolidated balance sheets
[3] Excludes accrued interest receivable of $103.8 million and $124.3 million at June 30, 2023 and December 31, 2022, respectively, which is recorded in "Other assets" on the condensed consolidated balance sheets.