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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 289,144 $ 234,359
Interest bearing deposits 416,394 73,376
Total cash and cash equivalents 705,538 307,735
Securities—trading 23,276 25,636
Securities—available-for-sale, amortized cost $1,690,069 and $1,529,946, respectively 1,758,384 1,551,557
Impact of adopting ASC 326 (102) 0
Securities—held-to-maturity, net of allowance for credit losses of $102 and none, respectively, fair value $450,806 and $237,805, respectively 429,033 236,094
Total securities 2,210,693 1,813,287
Equity securities 450,255 0
Federal Home Loan Bank (FHLB) stock 16,363 28,342
Loans held for sale (includes $153.0 million and $199.4 million, at fair value, respectively) 185,938 210,447
Loans receivable 10,163,917 9,305,357
Allowance for credit losses - loans 167,965 100,559
Net loans receivable 9,995,952 9,204,798
Accrued interest receivable 48,321 37,962
Real estate owned (REO), held for sale, net 1,795 814
Property and equipment, net 171,576 178,008
Goodwill 373,121 373,121
Other intangibles, net 23,291 29,158
Bank-owned life insurance (BOLI) 191,755 192,088
Deferred tax assets, net 64,367 59,639
Other assets 203,110 168,632
Total assets 14,642,075 12,604,031
Deposits:    
Non-interest-bearing 5,412,570 3,945,000
Interest-bearing transaction and savings accounts 5,887,419 4,983,238
Interest-bearing certificates [1] 915,352 1,120,403
Total deposits 12,215,341 10,048,641
Advances from FHLB 150,000 450,000
Other borrowings 176,983 118,474
Subordinated notes, net 98,114 0
Junior subordinated debentures at fair value (issued in connection with Trust Preferred Securities) 109,821 119,304
Accrued expenses and other liabilities 200,038 227,889
Deferred compensation 45,249 45,689
Total liabilities 12,995,546 11,009,997
COMMITMENTS AND CONTINGENCIES (Note 13)
SHAREHOLDERS’ EQUITY    
Preferred stock - $0.01 par value per share, 500,000 shares authorized; no shares outstanding at September 30, 2020 and December 31, 2019 0 0
Retained earnings 222,959 186,838
Carrying value of shares held in trust for stock-based compensation plans (7,588) (7,507)
Liability for common stock issued to stock related compensation plans 7,588 7,507
Accumulated other comprehensive income 75,958 33,256
Total shareholders’ equity 1,646,529 1,594,034
Total liabilities and shareholders’ equity 14,642,075 12,604,031
Voting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital 1,347,612 1,373,198
Nonvoting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital $ 0 $ 742
[1] Certificates of deposit include $101,000 and $269,000 of acquisition premiums at September 30, 2020 and December 31, 2019, respectively.