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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 290,528 $ 180,241
Short-term investments 33 14
Total cash and cash equivalents 290,561 180,255
Available for sale debt securities, at fair value 2,626,783 1,690,112
Held to maturity debt securities, net (fair value of $332,691 as of June 30, 2024 (unaudited) and $352,601 as of December 31, 2023) 350,528 363,080
Equity securities, at fair value 19,250 1,270
Federal Home Loan Bank stock 100,068 79,217
Loans held for sale 4,450 1,785
Loans held for investment 18,759,330 10,871,916
Less allowance for credit losses 188,331 107,200
Net loans 18,575,449 10,766,501
Foreclosed assets, net 11,119 11,651
Banking premises and equipment, net 127,396 70,998
Accrued interest receivable 93,843 58,966
Intangible assets 851,507 457,942
Bank-owned life insurance 404,605 243,050
Other assets 619,358 287,768
Total assets 24,070,467 14,210,810
Deposits:    
Demand deposits 13,526,094 8,020,889
Savings deposits 1,745,158 1,175,683
Certificates of deposit of $250,000 or more 871,842 218,549
Other time deposits 2,210,150 877,393
Total deposits 18,353,244 10,292,514
Mortgage escrow deposits 50,694 36,838
Borrowed funds 2,302,058 1,970,033
Subordinated debentures 412,766 10,695
Other liabilities 396,059 210,134
Total liabilities 21,514,821 12,520,214
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, 137,565,966 shares issued and 130,380,393 shares outstanding as of June 30, 2024 and 75,537,186 outstanding as of December 31, 2023 1,376 832
Additional paid-in capital 1,868,643 989,058
Retained earnings 957,979 974,542
Accumulated other comprehensive (loss) income (139,964) (141,115)
Treasury stock (129,115) (127,825)
Unallocated common stock held by the Employee Stock Ownership Plan (3,273) (4,896)
Common stock acquired by deferred compensation plans (2,398) (2,694)
Deferred compensation plans 2,398 2,694
Total stockholders’ equity 2,555,646 1,690,596
Total liabilities and stockholders’ equity $ 24,070,467 $ 14,210,810