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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 392,035 $ 311,899
Interest bearing deposits 1,808,547 922,284
Total cash and cash equivalents 2,200,582 1,234,183
Securities—trading 26,875 24,980
Debt Securities, Available-for-sale 3,446,575 2,322,593
Securities—held-to-maturity, net of allowance for credit losses of $104 and $94, respectively, fair value $466,002 and $448,681, respectively 447,708 421,713
Total securities 3,921,158 2,769,286
Federal Home Loan Bank (FHLB) stock 12,000 16,358
Securities purchased under agreements to resell 300,000 0
Loans held for sale (includes $41,480 and $133,554, at fair value, respectively) 63,678 243,795
Loans receivable 9,218,384 9,870,982
Allowance for credit losses – loans 139,915 167,279
Net loans receivable 9,078,469 9,703,703
Accrued interest receivable 43,644 46,617
Real estate owned (REO), held for sale, net 852 816
Property and equipment, net 151,503 164,556
Goodwill 373,121 373,121
Other intangibles, net 16,429 21,426
Bank-owned life insurance (BOLI) 192,950 191,830
Deferred tax assets, net 70,130 65,742
Operating lease right-of-use assets 58,523 55,367
Other assets 154,840 144,823
Total assets 16,637,879 15,031,623
Deposits:    
Non-interest-bearing 6,400,864 5,492,924
Interest-bearing transaction and savings accounts 6,912,759 6,159,052
Interest-bearing certificates [1] 851,054 915,320
Total deposits 14,164,677 12,567,296
Advances from FHLB 50,000 150,000
Other borrowings 247,358 184,785
Subordinated notes, net 98,472 98,201
Junior subordinated debentures at fair value (issued in connection with Trust Preferred Securities) 124,853 116,974
Operating lease liabilities 62,946 59,343
Accrued expenses and other liabilities 175,960 143,300
Deferred compensation 46,494 45,460
Total liabilities 14,970,760 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 September 30, 2021 and December 31, 2020 0 0
Retained earnings 355,035 247,316
Carrying value of shares held in trust for stock-based compensation plans (7,421) (7,636)
Liability for common stock issued to stock related compensation plans 7,421 7,636
Accumulated other comprehensive income 14,939 69,069
Total shareholders’ equity 1,667,119 1,666,264
Total liabilities and shareholders’ equity 16,637,879 15,031,623
Voting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital 1,297,145 1,349,879
Nonvoting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital $ 0 $ 0
[1] Certificates of deposit include $2,000 and $58,000 of acquisition discounts at September 30, 2021 and December 31, 2020, respectively.