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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 294,717 $ 358,461
Interest bearing deposits 876,130 1,775,839
Total cash and cash equivalents 1,170,847 2,134,300
Securities—trading 27,886 26,981
Debt Securities, Available-for-sale 3,094,422 3,638,993
Securities—held-to-maturity, net of allowance for credit losses of $424 and $433, respectively, fair value $1,036,301 and $541,853, respectively 1,151,765 520,922
Total securities 4,274,073 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 $67,844 and $39,775, at fair value, respectively) 69,161 96,487
Loans receivable 9,456,829 9,084,763
Allowance for credit losses – loans 128,702 132,099
Net loans receivable 9,328,127 8,952,664
Accrued interest receivable 45,408 42,916
Real estate owned (REO), held for sale, net 340 852
Property and equipment, net 141,114 148,759
Goodwill 373,121 373,121
Other intangibles, net 11,870 14,855
Bank-owned life insurance (BOLI) 293,631 244,156
Deferred tax assets, net 146,543 71,138
Operating lease right-of-use assets 49,792 55,257
Other assets 171,170 171,471
Total assets 16,385,197 16,804,872
Deposits:    
Non-interest-bearing 6,388,815 6,385,177
Interest-bearing transaction and savings accounts 7,067,437 7,103,125
Interest-bearing certificates 756,312 838,631
Total deposits 14,212,564 14,326,933
Advances from FHLB 0 50,000
Other borrowings 234,737 264,490
Subordinated notes, net 98,752 98,564
Junior subordinated debentures at fair value (issued in connection with Trust Preferred Securities) 72,229 119,815
Operating lease liabilities 55,746 59,756
Accrued expenses and other liabilities 180,999 148,303
Deferred compensation 44,340 46,684
Total liabilities 14,899,367 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 June 30, 2022 and December 31, 2021 0 0
Retained earnings 452,246 390,762
Carrying value of shares held in trust for stock-based compensation plans (7,136) (7,435)
Liability for common stock issued to stock related compensation plans 7,136 7,435
Accumulated other comprehensive (loss) income (255,915) 184
Total shareholders’ equity 1,485,830 1,690,327
Total liabilities and shareholders’ equity 16,385,197 16,804,872
Voting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital 1,289,499 1,299,381
Nonvoting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital $ 0 $ 0