XML 61 R38.htm IDEA: XBRL DOCUMENT v3.25.4
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Cash Flow Information
The following table summarizes supplemental disclosures of cash flow information and non-cash investing and financing activities:
Years ended December 31,
(In thousands)202520242023
Supplemental disclosure of cash flow information:
Interest paid$1,550,091 $1,611,201 $1,248,620 
Income taxes paid (1)
85,386 124,817 234,549 
Non-cash investing and financing activities:
Transfer of loans held for investment to foreclosed properties and repossessed assets$8,178 $2,305 $10,485 
Transfer of returned finance lease equipment to assets held for sale3,220 5,626 5,139 
Transfer of loans held for investment to loans held for sale368,620 680,159 629,172 
Transfer of loans held for sale to loans held for investment— 133,168 — 
Transfer of property and equipment to assets held for sale— 750 — 
ROU lease assets obtained in exchange for operating lease liabilities42,611 10,444 22,989 
Settlement of outstanding loan balance through receipt of equity interest19,180 — — 
Approved commitments to fund LIHTC investments 166,494 304,269 334,947 
Receipt of Ametros member deposits from other financial institutions— 285,705 — 
Business combinations (2):
Tangible assets acquired$5,214 $256,957 $24,318 
Goodwill and other intangible assets38,944 417,085 157,361 
Liabilities assumed (3)
3,303 299,507 7,994 
Forgiveness of long-term debt— 12,875 — 
Pre-existing equity interest8,034 2,200 — 
Contingent consideration8,420 — 16,039 
(1)Income taxes paid, net of refunds received, are further disaggregated by jurisdiction in the table below, in accordance with the disclosure requirements of ASU No. 2023-09—Income Taxes (Topic 740): Improvements to Income Tax Disclosures.
(2)Reflects the effects from the acquisition of SecureSave during the year ended December 31, 2025, Ametros during the year ended December 31, 2024, and interLINK during the year ended December 31, 2023. In addition, the amounts for 2023 include adjustments to fair values of assets acquired and liabilities assumed related to the Bend acquisition and Sterling merger, which were recognized during the one-year measurement period.
(3)For the year ended December 31, 2024, the amount presented reflects the sum of the $293.7 million of liabilities assumed from Ametros and the $5.8 million liability assumed for the Seller’s transaction expenses, which was included as part of the purchase price consideration and paid by the Company at closing.
Disaggregation of Income Taxes Paid
Upon adoption of ASU No. 2023-09—Income Taxes (Topic 740): Improvements to Income Tax Disclosures, the following table summarizes the disaggregation of income taxes paid, net of refunds received, by jurisdiction:
Years ended December 31,
(In thousands)202520242023
Federal$55,350 $70,299 $181,073 
State and local:
Massachusetts 12,581 **
New Jersey 6,000 **
Illinois 4,587 **
New York State *23,486 15,322 
New York City *14,001 12,553 
Other6,868 17,031 25,601 
Total state and local30,036 54,518 53,476 
Total income taxes paid, net of refunds received$85,386 $124,817 $234,549 
*The amount of income taxes paid, net of refunds received, during the year for this jurisdiction does not meet the 5% disaggregation threshold and is included in Other.
Schedule of Property, Plant and Equipment Depreciation and amortization is computed on a straight-line basis over the estimated useful lives of the assets, as illustrated in the following table. If shorter, leasehold improvements are amortized over the terms of the respective leases.
MinimumMaximum
Building and improvements5-40years
Leasehold improvements5-20years
Furniture, fixtures, and equipment5-10years
Data processing equipment and software3-7years
The following table summarizes the components of premises and equipment:
  
December 31,
(In thousands)20252024
Land$73,442 $73,442 
Buildings and improvements105,163 102,062 
Leasehold improvements75,970 74,288 
Furniture, fixtures, and equipment68,611 64,651 
Data processing equipment and software118,750 103,811 
Property and equipment441,936 418,254 
Less: Accumulated depreciation and amortization(186,573)(175,118)
Property and equipment, net255,363 243,136 
ROU lease assets, net176,672 163,827 
Premises and equipment, net$432,035 $406,963