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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 207,171 $ 198,154
Interest bearing deposits 44,535 44,908
Total cash and cash equivalents 251,706 243,062
Securities—trading 25,268 28,694
Securities—available-for-sale, net of allowance for credit losses of $750 and none, respectively; amortized cost $2,774,972 and $3,218,777, respectively 2,287,993 2,789,031
Securities—held-to-maturity, net of allowance for credit losses of $349 and $379, respectively 1,082,156 1,117,588
Total securities 3,395,417 3,935,313
Federal Home Loan Bank (FHLB) stock 15,600 12,000
Securities purchased under agreements to resell 0 300,000
Loans held for sale (includes $51,697 and $51,779, at fair value, respectively) 54,158 56,857
Loans and Leases Receivable, Gross 10,611,417 10,146,724
Allowance for credit losses – loans 146,960 141,465
Net loans receivable 10,464,457 10,005,259
Accrued interest receivable 61,040 57,284
Property and equipment, net 136,504 138,754
Goodwill 373,121 373,121
Other intangibles, net 6,542 9,440
Bank-owned life insurance (BOLI) 303,347 297,565
Deferred tax assets, net 186,775 178,131
Operating lease right-of-use assets 43,447 49,283
Other assets 215,766 177,362
Total assets 15,507,880 15,833,431
Deposits:    
Non-interest-bearing accounts 5,197,854 6,176,998
Regular savings accounts 6,518,385 6,719,531
Interest-bearing certificates 1,458,313 723,530
Total deposits 13,174,552 13,620,059
Advances from FHLB 140,000 50,000
Other borrowings 188,440 232,799
Subordinated notes, net 92,748 98,947
Junior subordinated debentures at fair value (issued in connection with Trust Preferred Securities) 66,284 74,857
Operating lease liabilities 48,642 55,205
Accrued expenses and other liabilities 231,478 200,839
Deferred compensation 45,129 44,293
Total liabilities 13,987,273 14,376,999
COMMITMENTS AND CONTINGENCIES (Note 11)
SHAREHOLDERS’ EQUITY    
Preferred stock - $0.01 par value per share, 500,000 shares authorized; no shares outstanding at September 30, 2023 and December 31, 2022 0 0
Retained earnings 616,215 525,242
Carrying value of shares held in trust for stock-based compensation plans (6,546) (6,905)
Liability for common stock issued to stock related compensation plans 6,546 6,905
Accumulated other comprehensive loss (392,915) (362,769)
Total shareholders’ equity 1,520,607 1,456,432
Total liabilities and shareholders’ equity 15,507,880 15,833,431
Voting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital 1,297,307 1,293,959
Nonvoting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital $ 0 $ 0