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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 194,629 $ 198,154
Interest bearing deposits 48,363 44,908
Total cash and cash equivalents 242,992 243,062
Securities—trading 28,591 28,694
Debt Securities, Available-for-Sale 2,653,860 2,789,031
Securities—held-to-maturity, net of allowance for credit losses of $364 and $379, respectively 1,109,595 1,117,588
Total securities 3,792,046 3,935,313
Federal Home Loan Bank (FHLB) stock 16,800 12,000
Securities purchased under agreements to resell 150,000 300,000
Loans held for sale (includes $48,439 and $51,779, at fair value, respectively) 49,016 56,857
Loans and Leases Receivable, Gross 10,160,684 10,146,724
Allowance for credit losses – loans 141,457 141,465
Net loans receivable 10,019,227 10,005,259
Accrued interest receivable 52,094 57,284
Property and equipment, net 136,362 138,754
Goodwill 373,121 373,121
Other intangibles, net 8,390 9,440
Bank-owned life insurance (BOLI) 299,754 297,565
Deferred tax assets, net 165,247 178,131
Operating lease right-of-use assets 47,106 49,283
Other assets 181,448 177,362
Total assets 15,533,603 15,833,431
Deposits:    
Non-interest-bearing 5,764,009 6,176,998
Interest-bearing transaction and savings accounts 6,440,261 6,719,531
Interest-bearing certificates 949,932 723,530
Total deposits 13,154,202 13,620,059
Advances from FHLB 170,000 50,000
Other borrowings 214,564 232,799
Subordinated notes, net 99,046 98,947
Junior subordinated debentures at fair value (issued in connection with Trust Preferred Securities) 74,703 74,857
Operating lease liabilities 52,772 55,205
Accrued expenses and other liabilities 191,326 200,839
Deferred compensation 45,295 44,293
Total liabilities 14,001,908 14,376,999
COMMITMENTS AND CONTINGENCIES (Note 12)
SHAREHOLDERS’ EQUITY    
Preferred stock - $0.01 par value per share, 500,000 shares authorized; no shares outstanding at March 31, 2023 and December 31, 2022 0 0
Retained earnings 564,106 525,242
Carrying value of shares held in trust for stock-based compensation plans (6,919) (6,905)
Liability for common stock issued to stock related compensation plans 6,919 6,905
Accumulated other comprehensive loss (325,636) (362,769)
Total shareholders’ equity 1,531,695 1,456,432
Total liabilities and shareholders’ equity 15,533,603 15,833,431
Voting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital 1,293,225 1,293,959
Nonvoting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital $ 0 $ 0