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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 56,787 $ 45,210
Interest earning deposits 3,729,144 3,801,136
Cash and cash equivalents 3,785,931 3,846,346
Investment securities, at fair value (includes allowance for credit losses of $7,604 and $3,952, respectively) 2,019,694 2,405,640
Investment securities held to maturity 991,937 1,103,170
Loans held for sale (includes $163,891 and $189,277, respectively, at fair value) 204,794 340,317
Loans and leases receivable 13,127,634 11,963,855
Loans receivable, mortgage finance, at fair value 1,321,128 897,912
Allowance for credit losses on loans and leases (136,775) (135,311)
Total loans and leases receivable, net of allowance for credit losses on loans and leases 14,311,987 12,726,456
FHLB, Federal Reserve Bank, and other restricted stock 96,214 109,548
Accrued interest receivable 108,351 114,766
Bank premises and equipment, net 6,668 7,371
Bank-owned life insurance 297,641 292,193
Goodwill and other intangibles 3,629 3,629
Other assets 481,395 366,829
Total assets 22,308,241 21,316,265
Deposits:    
Demand, non-interest bearing 5,608,288 4,422,494
Interest bearing 13,238,173 13,497,742
Total deposits 18,846,461 17,920,236
FHLB advances 1,128,352 1,203,207
Other borrowings 99,068 123,840
Subordinated debt 182,509 182,230
Accrued interest payable and other liabilities 215,168 248,358
Total liabilities 20,471,558 19,677,871
Commitments and contingencies (NOTE 21)
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 December 31, 2024 and 2023 137,794 137,794
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 35,758,246 and 35,459,342 shares issued as of December 31, 2024 and 2023; 31,346,507 and 31,440,906 shares outstanding as of December 31, 2024 and 2023 35,758 35,459
Additional paid in capital 575,333 564,538
Retained earnings 1,326,011 1,159,582
Accumulated other comprehensive income (loss), net (96,560) (136,569)
Treasury stock, at cost (4,411,739 and 4,018,436 shares as of December 31, 2024 and 2023) (141,653) (122,410)
Total shareholders’ equity 1,836,683 1,638,394
Total liabilities and shareholders’ equity $ 22,308,241 $ 21,316,265