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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 329,359 $ 311,899
Interest bearing deposits 1,138,572 922,284
Total cash and cash equivalents 1,467,931 1,234,183
Securities—trading 25,097 24,980
Securities—available-for-sale, amortized cost $3,249,579 and $2,256,189, respectively 3,275,979 2,322,593
Securities—held-to-maturity, net of allowance for credit losses of $110 and $94, respectively, fair value $479,977 and $448,681, respectively 455,256 421,713
Total securities 3,756,332 2,769,286
Federal Home Loan Bank (FHLB) stock 14,001 16,358
Securities Purchased under Agreements to Resell 300,000 0
Loans held for sale (includes $44,762 and $133,554, at fair value, respectively) 71,741 243,795
Loans receivable 9,654,181 9,870,982
Allowance for credit losses – loans 148,009 167,279
Net loans receivable 9,506,172 9,703,703
Accrued interest receivable 46,979 46,617
Real estate owned (REO), held for sale, net 763 816
Property and equipment, net 156,063 164,556
Goodwill 373,121 373,121
Other intangibles, net 18,004 21,426
Bank-owned life insurance (BOLI) 192,677 191,830
Deferred tax assets, net 69,702 65,742
Operating lease right-of-use assets 55,287 55,367
Other assets 153,084 144,823
Total assets 16,181,857 15,031,623
Deposits:    
Non-interest-bearing 6,090,063 5,492,924
Interest-bearing transaction and savings accounts 6,673,598 6,159,052
Interest-bearing certificates [1] 873,047 915,320
Total deposits 13,636,708 12,567,296
Advances from FHLB 100,000 150,000
Other borrowings 237,736 184,785
Subordinated notes, net 98,380 98,201
Junior subordinated debentures at fair value (issued in connection with Trust Preferred Securities) 117,520 116,974
Operating lease liabilities 59,117 59,343
Accrued expenses and other liabilities 216,399 143,300
Deferred compensation 46,786 45,460
Total liabilities 14,512,646 13,365,359
COMMITMENTS AND CONTINGENCIES (Note 12)
SHAREHOLDERS’ EQUITY    
Preferred stock - $0.01 par value per share, 500,000 shares authorized; no shares outstanding at June 30, 2021 and December 31, 2020 0 0
Retained earnings 319,505 247,316
Carrying value of shares held in trust for stock-based compensation plans (7,374) (7,636)
Liability for common stock issued to stock related compensation plans 7,374 7,636
Accumulated other comprehensive income 38,251 69,069
Total shareholders’ equity 1,669,211 1,666,264
Total liabilities and shareholders’ equity 16,181,857 15,031,623
Voting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital 1,311,455 1,349,879
Nonvoting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital $ 0 $ 0
[1] Certificates of deposit include $10,000 and $58,000 of acquisition discounts at June 30, 2021 and December 31, 2020, respectively.