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Consolidated Balance Sheet — Unaudited - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 51,974 $ 45,210
Interest earning deposits 3,649,146 3,801,136
Cash and cash equivalents 3,701,120 3,846,346
Investment securities, at fair value (includes allowance for credit losses of $5,069 and $3,952, respectively) 2,604,868 2,405,640
Investment securities held to maturity 1,032,037 1,103,170
Loans held for sale (includes $219,885 and $189,277, respectively, at fair value) 357,640 340,317
Loans and leases receivable 11,936,621 11,963,855
Loans receivable, mortgage finance, at fair value 962,610 897,912
Allowance for credit losses on loans and leases (133,296) (135,311)
Total loans and leases receivable, net of allowance for credit losses on loans and leases 12,765,935 12,726,456
FHLB, Federal Reserve Bank, and other restricted stock 100,067 109,548
Accrued interest receivable 120,123 114,766
Bank premises and equipment, net 7,253 7,371
Bank-owned life insurance 293,400 292,193
Goodwill and other intangibles 3,629 3,629
Other assets 361,295 366,829
Total assets 21,347,367 21,316,265
Deposits:    
Demand, non-interest bearing 4,688,880 4,422,494
Interest bearing 13,272,503 13,497,742
Total deposits 17,961,383 17,920,236
FHLB advances 1,195,088 1,203,207
Other borrowings 123,905 123,840
Subordinated debt 182,300 182,230
Accrued interest payable and other liabilities 193,074 248,358
Total liabilities 19,655,750 19,677,871
Commitments and contingencies (NOTE 15)
Shareholders’ equity:    
Preferred stock, par value $1.00 per share; liquidation preference $25.00 per share; 100,000,000 shares authorized, 5,700,000 shares issued and outstanding as of March 31, 2024 and December 31, 2023 137,794 137,794
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 35,540,367 and 35,459,342 shares issued as of March 31, 2024 and December 31, 2023; 31,521,931 and 31,440,906 shares outstanding as of March 31, 2024 and December 31, 2023 35,540 35,459
Additional paid in capital 567,490 564,538
Retained earnings 1,205,508 1,159,582
Accumulated other comprehensive income (loss), net (132,305) (136,569)
Treasury stock, at cost (4,018,436 shares as of March 31, 2024 and December 31, 2023) (122,410) (122,410)
Total shareholders’ equity 1,691,617 1,638,394
Total liabilities and shareholders’ equity $ 21,347,367 $ 21,316,265
Treasury stock (shares) 4,018,436 4,018,436