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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS:    
Cash and due from banks $ 182,261 $ 212,273
Interest-earning deposits in financial institutions 5,887,406 2,027,949
Total cash, cash equivalents, and restricted cash 6,069,667 2,240,222
Securities available-for-sale, at fair value (amortized cost of $5,443,677 and $5,654,617, respectively) 4,487,172 4,843,487
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss 2,282,586 [1] 2,269,135 [2]
Federal Home Loan Bank stock, at cost 17,250 34,290
Total investment securities 6,787,008 7,146,912
Loans Receivable Held-for-sale, Amount 188,866 65,076
Gross loans and leases held for investment 21,969,789 28,726,016
Deferred fees, net (48,843) (116,887)
Allowance for loan and lease losses (222,297) (200,732)
Total loans and leases held for investment, net [3] 21,698,649 28,408,397
Equipment leased to others under operating leases 352,330 404,245
Premises and equipment, net 50,236 54,315
Foreclosed assets, net 6,829 5,022
Goodwill 0 1,376,736
Core deposit and customer relationship intangibles, net 24,192 31,381
Deferred Tax Assets, Tax Deferred Expense 506,248 281,848
Other assets 1,193,808 1,214,782
Total assets 36,877,833 41,228,936
LIABILITIES AND STOCKHOLDERS' EQUITY    
Noninterest-bearing deposits 5,579,033 11,212,357
Interest-bearing deposits 21,019,648 22,723,977
Total deposits 26,598,681 33,936,334
Borrowings (including $123,782 at fair value) 6,294,525 1,764,030
Subordinated debt 870,896 867,087
Accrued interest payable and other liabilities 714,454 710,954
Total liabilities 34,478,556 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) 1,231 1,230
Additional paid-in capital 2,910,716 2,927,903
Retained (deficit) earnings $ (25,399) $ 1,420,624
Treasury Stock, Shares 3,082,495 and 2,778,500 shares at June 30, 2023 and December 31, 2022) 3,106,915 2,778,500
Treasury stock, at cost $ (112,105) $ (106,839)
Accumulated other comprehensive loss, net (873,682) (790,903)
Total stockholders' equity 2,399,277 3,950,531
Total liabilities and stockholders' equity $ 36,877,833 $ 41,228,936
Preferred Stock, Liquidation Preference Per Share $ 1,000 $ 1,000
Debt Securities, Available-for-sale, Amortized Cost $ 5,443,677 $ 5,654,617
[1] Excludes accrued interest receivable of $11.3 million at September 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 $95.4 million and $124.3 million at September 30, 2023 and December 31, 2022, respectively, which is recorded in "Other assets" on the condensed consolidated balance sheets.