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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 229,918 $ 198,154
Interest bearing deposits 51,407 44,908
Total cash and cash equivalents 281,325 243,062
Securities—trading 25,659 28,694
Securities—available-for-sale, net of allowance for credit losses of $2,000 and none, respectively; amortized cost $2,879,179 and $3,218,777, respectively 2,465,960 2,789,031
Securities—held-to-maturity, net of allowance for credit losses of $355 and $379, respectively 1,098,570 1,117,588
Total securities 3,590,189 3,935,313
Federal Home Loan Bank (FHLB) stock 20,800 12,000
Securities purchased under agreements to resell 0 300,000
Loans held for sale (includes $59,336 and $51,779, at fair value, respectively) 60,612 56,857
Loans and Leases Receivable, Gross 10,472,407 10,146,724
Allowance for credit losses – loans 144,680 141,465
Net loans receivable 10,327,727 10,005,259
Accrued interest receivable 57,007 57,284
Property and equipment, net 135,414 138,754
Goodwill 373,121 373,121
Other intangibles, net 7,399 9,440
Bank-owned life insurance (BOLI) 301,260 297,565
Deferred tax assets, net 167,993 178,131
Operating lease right-of-use assets 45,812 49,283
Other assets 216,077 177,362
Total assets 15,584,736 15,833,431
Deposits:    
Non-interest-bearing 5,369,187 6,176,998
Interest-bearing transaction and savings accounts 6,373,269 6,719,531
Interest-bearing certificates 1,356,600 723,530
Total deposits 13,099,056 13,620,059
Advances from FHLB 270,000 50,000
Other borrowings 193,019 232,799
Subordinated notes, net 92,646 98,947
Junior subordinated debentures at fair value (issued in connection with Trust Preferred Securities) 67,237 74,857
Operating lease liabilities 51,234 55,205
Accrued expenses and other liabilities 223,565 200,839
Deferred compensation 45,466 44,293
Total liabilities 14,042,223 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 June 30, 2023 and December 31, 2022 0 0
Retained earnings 587,027 525,242
Carrying value of shares held in trust for stock-based compensation plans (6,702) (6,905)
Liability for common stock issued to stock related compensation plans 6,702 6,905
Accumulated other comprehensive loss (339,448) (362,769)
Total shareholders’ equity 1,542,513 1,456,432
Total liabilities and shareholders’ equity 15,584,736 15,833,431
Voting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital 1,294,934 1,293,959
Nonvoting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital $ 0 $ 0