XML 16 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 358,461 $ 311,899
Interest bearing deposits 1,775,839 922,284
Cash and Cash Equivalents, at Carrying Value 2,134,300 1,234,183
Securities—trading 26,981 24,980
Securities—available-for-sale, amortized cost $3,653,160 and $2,256,189, respectively 3,638,993 2,322,593
Securities—held-to-maturity, net of allowance for credit losses of $433 and $94, respectively, fair value $541,853 and $448,681, respectively 520,922 421,713
Debt Securities 4,186,896 2,769,286
Federal Home Loan Bank Stock 12,000 16,358
Securities purchased under agreements to resell 300,000 0
Loans held for sale (includes $39,775 and $133,554, at fair value, respectively) 96,487 243,795
Loans and Leases Receivable, Gross 9,084,763 9,870,982
Allowance for credit losses - loans (132,099) (167,279)
Total loans, net 8,952,664 9,703,703
Accrued interest receivable 42,916 46,617
Real estate owned (REO), held for sale, net 852 816
Property and equipment, net 148,759 164,556
Goodwill 373,121 373,121
Other intangibles, net 14,855 21,426
Bank-owned life insurance (BOLI) 244,156 191,830
Deferred tax assets, net 71,138 65,742
Operating lease right-of-use assets 55,257 55,367
Other assets 171,471 144,823
Total assets 16,804,872 15,031,623
Deposits:    
Non-interest-bearing 6,385,177 5,492,924
Interest-bearing transaction and savings accounts 7,103,125 6,159,052
Interest-bearing certificates [1] 838,631 915,320
Total deposits 14,326,933 12,567,296
Advances from FHLB 50,000 150,000
Other borrowings 264,490 184,785
Subordinated notes, net 98,564 98,201
Junior subordinated debentures at fair value (issued in connection with Trust Preferred Securities) 119,815 116,974
Operating lease liabilities 59,756 59,343
Accrued expenses and other liabilities 148,303 143,300
Deferred compensation 46,684 45,460
Total liabilities 15,114,545 13,365,359
COMMITMENTS AND CONTINGENCIES (Note 20)
SHAREHOLDERS’ EQUITY    
Preferred stock - $0.01 par value per share, 500,000 shares authorized; no shares outstanding at December 31, 2021 and December 31, 2020 0 0
Retained earnings 390,762 247,316
Carrying value of shares held in trust for stock-based compensation plans (7,435) (7,636)
Liability for common stock issued to stock related compensation plans 7,435 7,636
Accumulated other comprehensive income 184 69,069
Shareholders’ equity 1,690,327 1,666,264
Total liabilities and stockholders' equity 16,804,872 15,031,623
Voting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital 1,299,381 1,349,879
Nonvoting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital $ 0 $ 0
[1] ) Certificates of deposit included no acquisition discounts at December 31, 2021 and $58,000 of acquisition discounts at December 31, 2020.