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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 1,046,534 $ 478,480
Money market investments:    
Time deposits with other financial institutions 300 300
Other short-term investments 700 1,725
Total money market investments 1,000 2,025
Available-for-sale debt securities, at fair value:    
Securities pledged with creditors' rights to repledge 79,909 81,103
Other available-for-sale debt securities 5,353,460 5,518,417
Total available-for-sale securities, at fair value 5,433,369 5,599,520
Held-to-maturity debt securities, at amortized cost, net of ACL of $8,401 as of June 30, 2023 and $8,286 as of December 31, 2022 (fair value of $410,181 as of June 30, 2023 and $427,115 as of December 31, 2022) 416,325 429,251
Equity securities 48,101 55,289
Total investment securities 5,897,795 6,084,060
Loans, net of ACL of $267,058 as of June 30, 2023 and $260,464 as of December 31, 2022 11,452,257 11,292,361
Mortgage loans held for sale, at lower of cost or market 14,295 12,306
Total loans, net 11,466,552 11,304,667
Accrued interest receivable on loans and investments 70,368 69,730
Premises and equipment, net 146,640 142,935
Other real estate owned ("OREO") 31,571 31,641
Deferred tax asset, net 153,925 155,584
Goodwill 38,611 38,611
Other intangible assets 17,092 21,118
Other assets 282,367 305,633
Total assets 19,152,455 18,634,484
LIABILITIES    
Non-interest-bearing deposits 5,874,261 6,112,884
Interest-bearing deposits 10,945,431 10,030,583
Total deposits 16,819,692 16,143,467
Short-term securities sold under agreements to repurchase 73,934 75,133
Advances from the FHLB:    
Short-term 0 475,000
Long-term 500,000 200,000
Total advances from the FHLB 500,000 675,000
Other long-term borrowings 161,700 183,762
Accounts payable and other liabilities 199,130 231,582
Total liabilities 17,754,456 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; 179,756,622 shares outstanding as of June 30, 2023 and 182,709,059 as of December 31, 2022 22,366 22,366
Additional paid-in capital 962,229 970,722
Retained earnings, includes legal surplus reserve of $168,484 1,733,497 1,644,209
Treasury stock (at cost), 43,906,494 shares as of June 30, 2023 and 40,954,057 shares as of December 31, 2022 (547,706) (506,979)
Accumulated other comprehensive loss, net of tax of $8,468 (772,387) (804,778)
Total stockholders' equity 1,397,999 1,325,540
Total liabilities and stockholders' equity $ 19,152,455 $ 18,634,484