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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets [Abstract]    
Cash and due from banks $ 157,167 $ 173,988
Short-term investments and interest-bearing deposits 882,353 654,813
Securities available-for-sale (amortized cost of $1,668,661 in 2024 and $1,726,080 in 2023) 1,547,128 1,604,570
Loans held for sale 0 0
Loans 19,375,955 19,548,140
Less: Allowance for loan losses (161,765) (154,562)
Unamortized deferred loan fees, net (10,541) (10,720)
Loans, net 19,203,649 19,382,858
Equity securities 34,429 40,406
Federal Home Loan Bank stock 17,250 17,746
Other real estate owned, net 23,071 19,441
Affordable housing investments and alternative energy partnerships, net 289,611 315,683
Premises and equipment, net 88,676 91,097
Customers’ liability on acceptances 14,061 3,264
Accrued interest receivable 97,779 97,673
Goodwill 375,696 375,696
Other intangible assets, net 3,335 4,461
Right-of-use assets- operating leases 28,645 32,076
Other Assets 291,831 267,762
Total assets 23,054,681 23,081,534
Deposits:    
Non-interest-bearing demand deposits 3,284,342 3,529,018
Interest-bearing deposits:    
NOW deposits 2,205,695 2,370,685
Money market deposits 3,372,773 3,049,754
Savings deposits 1,252,788 1,039,203
Time deposits 9,570,601 9,336,787
Total deposits 19,686,199 19,325,447
Advances from the Federal Home Loan Bank 60,000 540,000
Other borrowings for affordable housing investments 17,740 15,787
Long-term debt 119,136 119,136
Acceptances outstanding 14,061 3,264
Lease liabilities - operating leases 30,851 34,797
Other Liabilities 280,990 306,528
Total liabilities 20,208,977 20,344,959
Commitments and contingencies
Stockholders’ Equity    
Common stock, $0.01 par value, 100,000,000 shares authorized, 91,615,458 issued and 70,863,324 outstanding at December 31, 2024, and 91,392,480 issued and 72,668,927 outstanding at December 31, 2023 916 914
Additional paid-in-capital 993,962 987,953
Accumulated other comprehensive loss, net (85,607) (85,416)
Retained earnings 2,688,353 2,500,341
Treasury stock, at cost (20,752,134 shares at December 31, 2024, and 18,723,553 shares at December 31, 2023) (751,920) (667,217)
Total equity 2,845,704 2,736,575
Total liabilities and equity $ 23,054,681 $ 23,081,534