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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 173,988 $ 195,440
Short-term investments and interest-bearing deposits 654,813 966,962
Securities available-for-sale (amortized cost of $1,726,080 in 2023 and $1,622,173 in 2022) 1,604,570 1,473,348
Loans 19,548,140 18,254,024
Less: Allowance for loan losses (154,562) (146,485)
Unamortized deferred loan fees, net (10,720) (6,641)
Loans, net 19,382,858 18,100,898
Equity securities 40,406 22,158
Federal Home Loan Bank stock 17,746 17,250
Other real estate owned, net 19,441 4,067
Affordable housing investments and alternative energy partnerships, net 315,683 327,128
Premises and equipment, net 91,097 94,776
Customers’ liability on acceptances 3,264 2,372
Accrued interest receivable 97,673 82,428
Goodwill 375,696 375,696
Other intangible assets, net 4,461 5,757
Right-of-use assets- operating leases 32,076 29,627
Other assets 267,762 250,069
Total assets 23,081,534 21,947,976
Deposits:    
Non-interest-bearing demand deposits 3,529,018 4,168,989
Interest-bearing deposits:    
NOW deposits 2,370,685 2,509,736
Money market deposits 3,049,754 3,812,724
Savings deposits 1,039,203 1,000,460
Time deposits 9,336,787 7,013,370
Total deposits 19,325,447 18,505,279
Advances from the Federal Home Loan Bank 540,000 485,000
Other borrowings for affordable housing investments 15,787 22,600
Long-term debt 119,136 119,136
Acceptances outstanding 3,264 2,372
Lease liabilities - operating leases 34,797 32,518
Other liabilities 306,528 307,031
Total liabilities 20,344,959 19,473,936
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.01 par value, 100,000,000 shares authorized, 91,392,480 issued and 72,668,927 outstanding at December 31, 2023, and 91,090,614 issued and 72,742,151 outstanding at December 31, 2022 914 911
Additional paid-in-capital 987,953 981,119
Accumulated other comprehensive income loss, net (85,416) (102,295)
Retained earnings 2,500,341 2,244,855
Treasury stock, at cost (18,723,553 shares at December 31, 2023, and 18,348,463 shares at December 31, 2022) (667,217) (650,550)
Total equity 2,736,575 2,474,040
Total liabilities and equity $ 23,081,534 $ 21,947,976