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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 226,568 $ 209,634
Interest-bearing deposits 252,227 44,830
Total cash and cash equivalents 478,795 254,464
Debt Securities, Available-for-Sale 2,237,939 2,373,783
Securities—held-to-maturity, net of allowance for credit losses of $307 and $332, respectively 1,013,903 1,059,055
Debt Securities, Available-for-Sale and Held-to-Maturity, after Allowance for Credit Loss, Total 3,251,842 3,432,838
Federal Home Loan Bank (FHLB) stock 19,751 24,028
Loans held for sale (includes $21,984 and $9,105, at fair value, respectively) 78,841 11,170
Loans receivable 11,224,606 10,810,455
Allowance for credit losses – loans 154,585 149,643
Net loans receivable 11,070,021 10,660,812
Accrued interest receivable 66,981 63,100
Property and equipment, net 125,256 132,231
Goodwill 373,121 373,121
Other intangibles, net 3,647 5,684
Bank-owned life insurance (BOLI) 310,400 304,366
Deferred tax assets, net 130,310 153,365
Operating lease right-of-use assets 38,192 43,731
Other assets 241,519 211,481
Total assets 16,188,676 15,670,391
Deposits:    
Non-interest-bearing accounts 4,688,244 4,792,369
Regular savings accounts 7,328,051 6,759,661
Interest-bearing certificates 1,521,853 1,477,467
Total deposits 13,538,148 13,029,497
Advances from FHLB 230,000 323,000
Other borrowings 154,533 182,877
Subordinated notes, net 80,170 92,851
Junior subordinated debentures at fair value (issued in connection with Trust Preferred Securities) 66,257 66,413
Operating lease liabilities 42,318 48,659
Accrued expenses and other liabilities 237,128 228,428
Deferred compensation 46,401 45,975
Total liabilities 14,394,955 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 September 30, 2024 and December 31, 2023 0 0
Retained earnings 714,472 642,175
Carrying value of shares held in trust for stock-based compensation plans (6,195) (6,563)
Liability for common stock issued to stock related compensation plans 6,195 6,563
Accumulated other comprehensive loss (225,543) (289,135)
Total shareholders’ equity 1,793,721 1,652,691
Total liabilities and shareholders’ equity 16,188,676 15,670,391
Voting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital 1,304,792 1,299,651
Nonvoting Common Stock [Member]    
SHAREHOLDERS’ EQUITY    
Common stock and paid in capital $ 0 $ 0