XML 103 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Cash and cash equivalents:    
Cash and due from banks $ 1,314,688 $ 844,532
Money market investments 10,203 6,775
Total cash and cash equivalents 1,324,891 851,307
Restricted cash 1,050 1,450
Investments:    
Trading securities, at fair value, with amortized cost of $182 (December 31, 2019 - $182) 29 37
Investment securities available-for-sale, at fair value, with amortized cost of $648,565 and allowance for credit losses of $0 (December 31, 2019 - $1,074,475) 657,460 1,074,169
Federal Home Loan Bank (FHLB) stock, at cost 10,301 13,048
Other investments 973 560
Total investments 668,763 1,087,814
Loans:    
Loans held-for-sale, at lower of cost or fair value 5,815 19,591
Loans held for investment, net of allowance for credit losses of $230,755 (December 31, 2019 - $116,539) 6,535,359 6,622,256
Total loans, net 6,541,174 6,641,847
Other assets:    
Foreclosed real estate 27,292 29,909
Accrued interest receivable 40,181 37,120
Deferred tax asset, net 196,129 176,740
Premises and equipment, net 81,834 81,105
Customers' liability on acceptances 11,763 21,599
Core deposit, customer relationship and other intangibles 54,174 56,965
Servicing assets 49,287 50,779
Goodwill 86,069 86,069
Operating lease right-of-use assets 36,844 39,112
Other assets 119,120 135,845
Total assets 9,238,571 9,297,661
Deposits:    
Demand deposits 3,711,492 3,579,115
Savings accounts 1,871,719 1,836,480
Time deposits 2,236,060 2,283,015
Total deposits 7,819,271 7,698,610
Borrowings:    
Securities sold under agreements to repurchase 50,103 190,274
Advances from FHLB 76,961 78,009
Subordinated capital notes 36,083 36,083
Other borrowings 640 1,195
Total borrowings 163,787 305,561
Other liabilities:    
Derivative liabilities 2,059 913
Acceptances executed and outstanding 11,763 21,599
Operating lease liabilities 37,702 39,840
Accrued expenses and other liabilities 181,395 185,660
Total liabilities 8,215,977 8,252,183
Commitments and contingencies (See Note 18)
Stockholders' equity:    
Preferred stock; 10,000,000 shares authorized; 1,340,000 shares of Series A, 1,380,000 shares of Series B, and 960,000 shares of Series D issued and outstanding (December 31, 2019 - 1,340,000 shares; 1,380,000 shares; and 960,000 shares) $25 liquidation value 92,000 92,000
Common stock, $1 par value; 100,000,000 shares authorized; 59,885,234 shares issued: 51,326,998 shares outstanding (December 31, 2019 - $59,885,234; 51,398,956) 59,885 59,885
Additional paid-in capital 621,206 621,515
Legal surplus 95,945 95,779
Retained earnings 250,557 279,646
Treasury stock, at cost, 8,558,236 shares (December 31, 2019 - 8,486,278 shares) (103,289) (102,339)
Accumulated other comprehensive income (loss), net of tax of $548 (December 31, 2019 - $206) 6,290 (1,008)
Total stockholders' equity 1,022,594 1,045,478
Total liabilities and stockholders' equity $ 9,238,571 $ 9,297,661