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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 404,355 $ 131,555
Short-term investments 127,998 55,193
Total cash and cash equivalents 532,353 186,748
Available for sale debt securities, at fair value 1,105,489 976,919
Held to maturity debt securities, net (fair value of $472,451 and $467,966 at December 31, 2020 and December 31, 2019, respectively). 450,965 453,629
Equity securities, at fair value 971 825
Federal Home Loan Bank Stock 59,489 57,298
Loans 9,822,890 7,332,885
Less allowance for credit losses 101,466 55,525
Net loans 9,721,424 7,277,360
Foreclosed assets, net 4,475 2,715
Banking premises and equipment, net 75,946 55,210
Accrued interest receivable 46,450 29,031
Intangible assets 466,212 437,019
Bank-owned life insurance 234,607 195,533
Other assets 221,360 136,291
Total assets 12,919,741 9,808,578
Deposits:    
Demand deposits 7,395,508 5,384,868
Savings deposits 1,348,147 983,714
Certificates of deposit of $100 thousand or more 717,216 438,551
Other time deposits 376,958 295,476
Total deposits 9,837,829 7,102,609
Mortgage escrow deposits 34,298 26,804
Borrowed funds 1,175,972 1,125,146
Other liabilities 226,710 140,179
Total liabilities 11,299,944 8,394,738
Stockholders’ Equity:    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued 0 0
Common stock, $0.01 par value, 200,000,000 shares authorized, 83,209,012 shares issued and 77,611,107 shares outstanding at December 31, 2020, and 83,209,283 shares issued and 65,787,900 shares outstanding at December 31, 2019, respectively. 832 832
Additional paid-in capital 962,453 1,007,303
Retained earnings 718,090 695,273
Accumulated other comprehensive income 17,655 3,821
Treasury stock (59,018) (268,504)
Unallocated common stock held by the Employee Stock Ownership Plan (20,215) (24,885)
Common stock acquired by deferred compensation plans (4,549) (3,833)
Deferred compensation plans 4,549 3,833
Total stockholders’ equity 1,619,797 1,413,840
Total liabilities and stockholders’ equity $ 12,919,741 $ 9,808,578