XML 16 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 195,440 $ 134,141
Short-term investments and interest-bearing deposits 966,962 2,315,563
Securities available-for-sale (amortized cost of $1,622,173 in 2022 and $1,126,867 in 2021) 1,473,348 1,127,309
Loans 18,254,024 16,342,479
Less: Allowance for loan losses (146,485) (136,157)
Unamortized deferred loan fees, net (6,641) (4,321)
Loans, net 18,100,898 16,202,001
Equity securities 22,158 22,319
Federal Home Loan Bank stock 17,250 17,250
Other real estate owned, net 4,067 4,368
Affordable housing investments and alternative energy partnerships, net 327,128 299,211
Premises and equipment, net 94,776 99,402
Customers’ liability on acceptances 2,372 8,112
Accrued interest receivable 82,428 56,994
Goodwill 375,696 372,189
Other intangible assets, net 5,757 4,627
Right-of-use assets- operating leases 29,627 27,834
Other assets 250,069 195,403
Total assets 21,947,976 20,886,723
Deposits:    
Non-interest-bearing demand deposits 4,168,989 4,492,054
Interest-bearing deposits:    
NOW deposits 2,509,736 2,522,442
Money market deposits 3,812,724 4,611,579
Savings deposits 1,000,460 915,515
Time deposits 7,013,370 5,517,252
Total deposits 18,505,279 18,058,842
Advances from the Federal Home Loan Bank 485,000 20,000
Other borrowings for affordable housing investments 22,600 23,145
Long-term debt 119,136 119,136
Acceptances outstanding 2,372 8,112
Lease liabilities - operating leases 32,518 30,694
Other liabilities 307,031 180,543
Total liabilities 19,473,936 18,440,472
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.01 par value, 100,000,000 shares authorized, 91,090,614 issued and 72,742,151 outstanding at December 31, 2022, and 90,871,860 issued and 75,750,862 outstanding at December 31, 2021 911 909
Additional paid-in-capital 981,119 972,474
Accumulated other comprehensive income/(loss), net (102,295) (3,065)
Retained earnings 2,244,856 1,985,168
Treasury stock, at cost (18,348,463 shares at December 31, 2022, and 15,120,998 shares at December 31, 2021) (650,551) (509,235)
Total equity 2,474,040 2,446,251
Total liabilities and equity $ 21,947,976 $ 20,886,723