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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 168,427 $ 209,634
Interest bearing deposits 40,849 44,830
Total cash and cash equivalents 209,276 254,464
Debt Securities, Available-for-Sale 2,244,939 2,373,783
Securities—held-to-maturity, net of allowance for credit losses of $322 and $332, respectively 1,038,312 1,059,055
Total securities 3,283,251 3,432,838
Federal Home Loan Bank (FHLB) stock 11,741 24,028
Loans held for sale (includes $7,208 and $9,105, at fair value, respectively) 9,357 11,170
Loans and Leases Receivable, Gross 10,869,096 10,810,455
Allowance for credit losses – loans 151,140 149,643
Net loans receivable 10,717,956 10,660,812
Accrued interest receivable 66,124 63,100
Property and equipment, net 129,889 132,231
Goodwill 373,121 373,121
Other intangibles, net 4,961 5,684
Bank-owned life insurance (BOLI) 306,600 304,366
Deferred tax assets, net 156,571 153,365
Operating lease right-of-use assets 40,834 43,731
Other assets 208,598 211,481
Total assets 15,518,279 15,670,391
Deposits:    
Non-interest-bearing accounts 4,699,553 4,792,369
Regular savings accounts 6,973,338 6,759,661
Interest-bearing certificates 1,485,880 1,477,467
Total deposits 13,158,771 13,029,497
Advances from FHLB 52,000 323,000
Other borrowings 183,341 182,877
Subordinated notes, net 89,456 92,851
Junior subordinated debentures at fair value (issued in connection with Trust Preferred Securities) 66,586 66,413
Operating lease liabilities 45,524 48,659
Accrued expenses and other liabilities 211,578 228,428
Deferred compensation 46,515 45,975
Total liabilities 13,853,771 14,017,700
COMMITMENTS AND CONTINGENCIES (Note 11)
SHAREHOLDERS’ EQUITY    
Preferred stock - $0.01 par value per share, 500,000 shares authorized; no shares outstanding at March 31, 2024 and December 31, 2023 0 0
Retained earnings 663,021 642,175
Carrying value of shares held in trust for stock-based compensation plans (6,607) (6,563)
Liability for common stock issued to stock related compensation plans 6,607 6,563
Accumulated other comprehensive loss (299,482) (289,135)
Total shareholders’ equity 1,664,508 1,652,691
Total liabilities and shareholders’ equity 15,518,279 15,670,391
Voting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital 1,300,969 1,299,651
Nonvoting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital $ 0 $ 0