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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks (restricted cash of $16,610 and $5,808) $ 538,653 $ 327,313
Interest bearing cash and temporary investments (restricted cash of $8,061 and $4,688) 2,868,563 967,330
Total cash and cash equivalents 3,407,216 1,294,643
Investment securities    
Equity and other, at fair value 76,361 72,959
Available for sale, at fair value 8,998,428 3,196,166
Held to maturity 2,388 2,476
Loans held for sale 183,633 71,647
Loans and leases (at fair value: $282,511 and $285,581) 37,049,299 26,155,981
Allowance for credit losses on loans and leases (404,603) (301,135)
Net loans and leases 36,644,696 25,854,846
Restricted equity securities 258,524 47,144
Premises and equipment, net 368,698 176,016
Operating lease right-of-use assets 119,255 78,598
Goodwill 1,029,234 0
Other intangible assets, net 666,762 4,745
Residential mortgage servicing rights, at fair value 172,929 185,017
Bank owned life insurance 643,727 331,759
Deferred tax asset, net 362,880 132,823
Other assets 657,365 399,800
Total assets 53,592,096 31,848,639
Deposits    
Non-interest bearing 16,019,408 10,288,849
Interest bearing 24,815,509 16,776,763
Total deposits 40,834,917 27,065,612
Securities sold under agreements to repurchase 294,914 308,769
Borrowings 6,250,000 906,175
Junior subordinated debentures, at fair value 312,872 323,639
Junior and other subordinated debentures, at amortized cost 108,009 87,813
Operating lease liabilities 132,099 91,694
Other liabilities 831,097 585,111
Total liabilities 48,763,908 29,368,813
COMMITMENTS AND CONTINGENCIES (Note 9)
SHAREHOLDERS' EQUITY    
Preferred Stock, no par value, shares authorized: 2,000,000, issued and outstanding: 0 0 0
Common stock, no par value, shares authorized: 520,000,000 in 2023 and 238,320,000(1) in 2022; issued and outstanding: 208,513,639 in 2023 and 129,320,962(1) in 2022 5,792,792 3,450,493
Accumulated deficit (545,842) (543,803)
Accumulated other comprehensive loss (418,762) (426,864)
Total shareholders' equity 4,828,188 2,479,826
Total liabilities and shareholders' equity $ 53,592,096 $ 31,848,639