XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Balance Sheets (Unaudited)
$ in Thousands
Sep. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
ASSETS    
Cash and due from banks (restricted cash of $0 and $5,808) $ 492,474 $ 327,313
Interest bearing cash and temporary investments (restricted cash of $4,535 and $4,688) 1,911,221 967,330
Total cash and cash equivalents 2,403,695 1,294,643
Investment securities    
Equity and other, at fair value 73,638 72,959
Available for sale, at fair value 8,503,986 3,196,166
Held to maturity 2,344 2,476
Loans held for sale 60,313 71,647
Loans and leases (at fair value: $257,911 and $285,581) 37,170,598 26,155,981
Allowance for credit losses on loans and leases (416,560) (301,135)
Net loans and leases 36,754,038 25,854,846
Restricted equity securities 168,524 47,144
Premises and equipment, net 337,855 176,016
Operating lease right-of-use assets 114,220 78,598
Goodwill 1,029,234 0
Other intangible assets, net 636,883 4,745
Residential mortgage servicing rights, at fair value 117,640 185,017
Bank owned life insurance 648,232 331,759
Deferred tax asset, net 469,841 132,823
Other assets 673,372 399,800
Total assets 51,993,815 31,848,639
Deposits    
Non-interest bearing 15,532,948 10,288,849
Interest bearing 26,091,420 16,776,763
Total deposits 41,624,368 27,065,612
Securities sold under agreements to repurchase 258,383 308,769
Borrowings 3,985,000 906,175
Junior subordinated debentures, at fair value 331,545 323,639
Junior and other subordinated debentures, at amortized cost 107,952 87,813
Operating lease liabilities 129,845 91,694
Other liabilities 924,560 585,111
Total liabilities 47,361,653 29,368,813
COMMITMENTS AND CONTINGENCIES (Note 9)
SHAREHOLDERS' EQUITY    
Preferred Stock, no par value, shares authorized: 2,000,000, issued and outstanding: 0 0 0
Common stock, no par value, shares authorized: 520,000,000 in 2023 and 238,320,000(1) in 2022; issued and outstanding: 208,575,479 in 2023 and 129,320,962(1) in 2022 5,798,167 3,450,493
Accumulated deficit (485,576) (543,803)
Accumulated other comprehensive loss (680,429) (426,864)
Total shareholders' equity 4,632,162 2,479,826
Total liabilities and shareholders' equity $ 51,993,815 $ 31,848,639