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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 2,655,491 $ 1,433,261
Money market investments:    
Time deposits with other financial institutions 300 300
Other short term investments 2,382 60,272
Total money market investments 2,682 60,572
Investment securities available for sale, at fair value:    
Securities pledged with creditors rights to repledge 325,622 341,789
Other Investment Securities Available For Sale 6,363,857 4,305,230
Total investment securities available for sale 6,689,479 4,647,019
Investment securities held to maturity, at amortized cost, net of allowance for credit losses of $10,685 as of June 30, 2021 and $8,845 December 31, 2020 169,488 180,643
Equity securities 37,427 37,588
Loans, net of allowance for credit losses of $288,360 (2020 - $385,887) 10,852,222 11,391,402
Loans held for sale, at lower of cost or market 30,681 50,289
Total loans, net 10,882,903 11,441,691
Premises and equipment, net 149,894 158,209
Other real estate owned (OREO) 43,798 83,060
Accrued interest receivable on loans and investments 58,454 69,505
Deferred tax asset, net 243,447 329,261
Goodwill 38,611 38,632
Intangible assets 32,689 40,893
Other assets 251,791 272,737
Total assets 21,256,154 18,793,071
LIABILITIES    
Non-interest-bearing deposits 7,097,313 4,546,123
Interest-bearing deposits 10,887,345 10,771,260
Total deposits 17,984,658 15,317,383
Securities sold under agreements to repurchase 300,000 300,000
FHLB advances 320,000 440,000
Other borrowings 183,762 183,762
Accounts payable and other liabilities 269,769 276,747
Total liabilities 19,058,189 16,517,892
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; 223,655,186 shares issued (2020 - 223,034,348 shares issued) 22,366 22,303
Less: Treasury stock (at par value) (1,716) (480)
Common stock outstanding, 206,495,000 shares outstanding (2020 - 218,235,064 shares outstanding) 20,650 21,823
Additional paid-in capital 799,132 946,476
Retained earnings, includes legal surplus reserve of $109,338 1,375,797 1,215,321
Accumulated other comprehensive loss , net of tax of $7,590 as of each September 30, 2021 and December 31, 2020 (33,718) 55,455
Total stockholders' equity 2,197,965 2,275,179
Total liabilities and stockholders' equity $ 21,256,154 $ 18,793,071