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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 642,440 $ 578,613
Money market investments:    
Time deposits with other financial institutions 300 300
Other short term investments 97,553 7,290
Total money market investments 97,853 7,590
Investment securities available for sale, at fair value:    
Securities pledged with creditors right to reledge 131,011 182,735
Other Investment Securities Available For Sale 1,672,677 1,759,833
Total investment securities available for sale 1,803,688 1,942,568
Total investment securities held to maturity, fair value of $123,114 (2018- $125,658) 144,672 144,815
Equity securities 44,227 44,530
Loans, net of allowance for loan and lease losses of $172,011 (2018 - $196,362) 8,941,944 8,661,761
Loans held for sale, at lower of cost or market 33,630 43,186
Total loans, net 8,975,574 8,704,947
Premises and equipment, net 148,814 147,814
Other real estate owned 118,081 131,402
Accrued interest receivable on loans and investments 53,931 50,365
Deferred tax asset, net 290,326 319,851
Other assets 217,590 171,066
Total assets 12,537,196 12,243,561
LIABILITIES    
Non-interest-bearing deposits 2,375,517 2,395,481
Interest-bearing deposits 6,806,664 6,599,233
Total deposits 9,182,181 8,994,714
Securities sold under agreements to repurchase 100,000 150,086
Advances from the Federal Home Loan Bank (FHLB) 740,000 740,000
Other borrowings 184,150 184,150
Accounts payable and other liabilities 177,889 129,907
Total liabilities 10,384,220 10,198,857
Preferred stock, authorized 50,000,000 shares:    
Non-cumulative Perpetual Monthly Income Preferred Stock: 22,004,000 shares issued, 1,444,146 shares outstanding, aggregate liquidation value of $36,104 36,104 36,104
Common stock, $0.10 par value, authorized, 2,000,000,000 shares; 222,055,625 shares issued(2018 - 221,789,509 shares issued) 22,205 22,179
Less: Treasury stock (at par value) (472) (455)
Common stock outstanding, 217,328,179 shares outstanding (2018 - 217,235,140 shares outstanding) 21,733 21,724
Additional paid-in capital 939,769 939,674
Retained earnings, includes legal surplus reserve of $80,191 as of each June 30, 2019 and December 31, 2018 1,157,808 1,087,617
Accumulated other comprehensive loss , net of tax of $7,752 as of each June 30, 2019 and December 31, 2018 (2,438) (40,415)
Total stockholders' equity 2,152,976 2,044,704
Total liabilities and stockholders' equity $ 12,537,196 $ 12,243,561