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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 822,542 $ 478,480
Money market investments:    
Time deposits with other financial institutions 300 300
Other short-term investments 759 1,725
Total money market investments 1,059 2,025
Available-for-sale debt securities, at fair value:    
Securities pledged with creditors' rights to repledge 181,009 81,103
Other available-for-sale debt securities 5,408,247 5,518,417
Total available-for-sale securities, at fair value 5,589,256 5,599,520
Held-to-maturity debt securities, at amortized cost, net of ACL of $7,646 as of March 31, 2023 and $8,286 as of December 31, 2022 (fair value as of March 31, 2023 - $419,752; as of December 31, 2022 - $427,115 as of December 31, 2022) 423,749 429,251
Equity securities 66,714 55,289
Total investment securities 6,079,719 6,084,060
Loans, net of ACL of $265,567 as of March 31, 2023 and $260,464 as of December 31, 2022 11,312,418 11,292,361
Mortgage loans held for sale, at lower of cost or market 15,183 12,306
Total loans, net 11,327,601 11,304,667
Accrued interest receivable on loans and investments 63,841 69,730
Premises and equipment, net 137,580 142,935
Other real estate owned ("OREO") 32,862 31,641
Deferred tax asset, net 154,780 155,584
Goodwill 38,611 38,611
Other intangible assets 19,073 21,118
Other assets 299,446 305,633
Total assets 18,977,114 18,634,484
LIABILITIES    
Non-interest-bearing deposits 6,024,304 6,112,884
Interest-bearing deposits 10,027,661 10,030,583
Total deposits 16,051,965 16,143,467
Short-term securities sold under agreements to repurchase 172,982 75,133
Advances from the FHLB:    
Short-term 425,000 475,000
Long-term 500,000 200,000
Total advances from the FHLB 925,000 675,000
Other long-term borrowings 183,762 183,762
Accounts payable and other liabilities 237,812 231,582
Total liabilities 17,571,521 17,308,944
Commitments and contingencies (See Note 22)
STOCKHOLDERS' EQUITY    
Common stock, $0.10 par value, authorized, 2,000,000,000 shares; 223,663,116 shares issued; 179,788,698 shares outstanding as of March 31, 2023 and 182,709,059 as of December 31, 2022 22,366 22,366
Additional paid-in capital 959,912 970,722
Retained earnings, includes legal surplus reserve of $168,484 1,688,176 1,644,209
Treasury stock (at cost) of 43,874,418 shares as of March 31, 2023 and 40,954,057 shares as of December 31, 2022 (547,311) (506,979)
Accumulated other comprehensive loss, net of tax of $8,468 (717,550) (804,778)
Total stockholders' equity 1,405,593 1,325,540
Total liabilities and stockholders' equity $ 18,977,114 $ 18,634,484