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CONSOLIDATED BALANCE SHEET — UNAUDITED - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 62,146 $ 56,787
Interest earning deposits 3,366,544 3,729,144
Cash and cash equivalents 3,428,690 3,785,931
Investment securities, at fair value (includes allowance for credit losses of $13,127 and $7,604, respectively) 2,057,555 2,019,694
Investment securities held to maturity 938,161 991,937
Loans held for sale (includes $1,529 and $163,891, respectively, at fair value) 37,529 204,794
Loans and leases receivable 13,555,820 13,127,634
Loans receivable, mortgage finance, at fair value 1,366,460 1,321,128
Loans receivable, installment, at fair value 138,159 0
Allowance for credit losses on loans and leases (141,076) (136,775)
Total loans and leases receivable, net of allowance for credit losses on loans and leases 14,919,363 14,311,987
FHLB, Federal Reserve Bank, and other restricted stock 96,758 96,214
Accrued interest receivable 105,800 108,351
Bank premises and equipment, net 6,653 6,668
Bank-owned life insurance 298,551 297,641
Goodwill and other intangibles 3,629 3,629
Other assets 530,355 481,395
Total assets 22,423,044 22,308,241
Deposits:    
Demand, non-interest bearing 5,552,605 5,608,288
Interest bearing 13,380,320 13,238,173
Total deposits 18,932,925 18,846,461
FHLB advances 1,133,456 1,128,352
Other borrowings 99,103 99,068
Subordinated debt 182,579 182,509
Accrued interest payable and other liabilities 210,421 215,168
Total liabilities 20,558,484 20,471,558
Commitments and contingencies (NOTE 17)
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, 2025 and December 31, 2024 137,794 137,794
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 35,995,077 and 35,758,246 shares issued as of March 31, 2025 and December 31, 2024; 31,479,132 and 31,346,507 shares outstanding as of March 31, 2025 and December 31, 2024 35,995 35,758
Additional paid in capital 570,172 575,333
Retained earnings 1,335,534 1,326,011
Accumulated other comprehensive income (loss), net (67,641) (96,560)
Treasury stock, at cost (4,515,945 and 4,411,739 shares as of March 31, 2025 and December 31, 2024) (147,294) (141,653)
Total shareholders’ equity 1,864,560 1,836,683
Total liabilities and shareholders’ equity $ 22,423,044 $ 22,308,241