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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 414,780 $ 358,461
Interest bearing deposits 1,573,608 1,775,839
Total cash and cash equivalents 1,988,388 2,134,300
Securities—trading 27,354 26,981
Securities—available-for-sale 3,147,547 3,638,993
Securities—held-to-maturity, net of allowance for credit losses of $420 and $433, respectively, fair value $968,540 and $541,853, respectively 1,015,522 520,922
Total securities 4,190,423 4,186,896
Federal Home Loan Bank (FHLB) stock 10,000 12,000
Securities purchased under agreements to resell 300,000 300,000
Loans held for sale (includes $61,759 and $39,775, at fair value, respectively) 64,218 96,487
Loans receivable 9,146,629 9,084,763
Allowance for credit losses – loans 125,471 132,099
Net loans receivable 9,021,158 8,952,664
Accrued interest receivable 41,827 42,916
Real estate owned (REO), held for sale, net 429 852
Property and equipment, net 142,594 148,759
Goodwill 373,121 373,121
Other intangibles, net 13,431 14,855
Bank-owned life insurance (BOLI) 294,556 244,156
Deferred tax assets, net 118,997 71,138
Operating lease right-of-use assets 52,792 55,257
Other assets 164,237 171,471
Total assets 16,776,171 16,804,872
Deposits:    
Non-interest-bearing 6,494,852 6,385,177
Interest-bearing transaction and savings accounts 7,228,558 7,103,125
Interest-bearing certificates 800,364 838,631
Total deposits 14,523,774 14,326,933
Advances from FHLB 0 50,000
Other borrowings 266,778 264,490
Subordinated notes, net 98,658 98,564
Junior subordinated debentures at fair value (issued in connection with Trust Preferred Securities) 70,510 119,815
Operating lease liabilities 57,343 59,756
Accrued expenses and other liabilities 148,689 148,303
Deferred compensation 46,639 46,684
Total liabilities 15,212,391 15,114,545
COMMITMENTS AND CONTINGENCIES (Note 12)
SHAREHOLDERS’ EQUITY    
Preferred stock - $0.01 par value per share, 500,000 shares authorized; no shares outstanding at March 31, 2022 and December 31, 2021 0 0
Retained earnings 419,659 390,762
Carrying value of shares held in trust for stock-based compensation plans (7,338) (7,435)
Liability for common stock issued to stock related compensation plans 7,338 7,435
Accumulated other comprehensive (loss) income (154,091) 184
Total shareholders’ equity 1,563,780 1,690,327
Total liabilities and shareholders’ equity 16,776,171 16,804,872
Voting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital 1,298,212 1,299,381
Nonvoting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital $ 0 $ 0