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CONSOLIDATED BALANCE SHEET — UNAUDITED - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 45,045 $ 45,210
Interest earning deposits 3,003,542 3,801,136
Cash and cash equivalents 3,048,587 3,846,346
Investment securities, at fair value (includes allowance for credit losses of $5,339 and $3,952, respectively) 2,511,650 2,405,640
Investment securities held to maturity 962,799 1,103,170
Loans held for sale (includes $250,126 and $189,277, respectively, at fair value) 375,724 340,317
Loans and leases receivable 12,254,204 11,963,855
Loans receivable, mortgage finance, at fair value 1,002,711 897,912
Allowance for credit losses on loans and leases (132,436) (135,311)
Total loans and leases receivable, net of allowance for credit losses on loans and leases 13,124,479 12,726,456
FHLB, Federal Reserve Bank, and other restricted stock 92,276 109,548
Accrued interest receivable 112,788 114,766
Bank premises and equipment, net 7,019 7,371
Bank-owned life insurance 293,108 292,193
Goodwill and other intangibles 3,629 3,629
Other assets 410,916 366,829
Total assets 20,942,975 21,316,265
Deposits:    
Demand, non-interest bearing 4,474,862 4,422,494
Interest bearing 13,203,231 13,497,742
Total deposits 17,678,093 17,920,236
FHLB advances 1,018,349 1,203,207
Other borrowings 123,970 123,840
Subordinated debt 182,370 182,230
Accrued interest payable and other liabilities 193,328 248,358
Total liabilities 19,196,110 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 June 30, 2024 and December 31, 2023 137,794 137,794
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 35,686,091 and 35,459,342 shares issued as of June 30, 2024 and December 31, 2023; 31,667,655 and 31,440,906 shares outstanding as of June 30, 2024 and December 31, 2023 35,686 35,459
Additional paid in capital 567,345 564,538
Retained earnings 1,259,808 1,159,582
Accumulated other comprehensive income (loss), net (131,358) (136,569)
Treasury stock, at cost (4,018,436 shares as of June 30, 2024 and December 31, 2023) (122,410) (122,410)
Total shareholders’ equity 1,746,865 1,638,394
Total liabilities and shareholders’ equity $ 20,942,975 $ 21,316,265