XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Cash and cash equivalents:    
Cash and due from banks $ 1,888,965 $ 844,532
Money market investments 10,022 6,775
Total cash and cash equivalents 1,898,987 851,307
Restricted cash 1,050 1,450
Investments:    
Trading securities, at fair value, with amortized cost of $162 (December 31, 2019 - $182) 22 37
Investment securities available-for-sale, at fair value, with amortized cost of $529,985 and allowance for credit losses of $0 (December 31, 2019 - $1,074,475) 540,239 1,074,169
Federal Home Loan Bank (FHLB) stock, at cost 8,366 13,048
Other investments 1,076 560
Total investments 549,703 1,087,814
Loans:    
Loans held-for-sale, at lower of cost or fair value 19,432 19,591
Loans held for investment, net of allowance for credit losses of $232,701 (December 31, 2019 - $116,539) 6,719,811 6,622,256
Total loans 6,739,243 6,641,847
Other assets:    
Foreclosed real estate 24,792 29,909
Accrued interest receivable 82,483 37,120
Deferred tax asset, net 186,730 176,740
Premises and equipment, net 82,234 81,105
Customers' liability on acceptances 20,034 21,599
Core deposit, customer relationship and other intangibles 51,406 56,965
Servicing assets 47,926 50,779
Goodwill 86,069 86,069
Operating lease right-of-use assets 34,692 39,112
Other assets 127,370 135,845
Total assets 9,932,719 9,297,661
Deposits:    
Demand deposits 4,370,419 3,579,115
Savings accounts 2,017,180 1,836,480
Time deposits 2,154,327 2,283,015
Total deposits 8,541,926 7,698,610
Borrowings:    
Securities sold under agreements to repurchase 0 190,274
Advances from FHLB 67,518 78,009
Subordinated capital notes 36,083 36,083
Other borrowings 822 1,195
Total borrowings 104,423 305,561
Other liabilities:    
Derivative liabilities 2,078 913
Acceptances executed and outstanding 20,034 21,599
Operating lease liabilities 35,694 39,840
Accrued expenses and other liabilities 187,280 185,660
Total liabilities 8,891,435 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: 51,342,232 shares outstanding (December 31, 2019 - 59,885,234; 51,398,956) 59,885 59,885
Additional paid-in capital 621,860 621,515
Legal surplus 98,347 95,779
Retained earnings 264,725 279,646
Treasury stock, at cost, 8,543,002 shares (December 31, 2019 - 8,486,278 shares) (103,121) (102,339)
Accumulated other comprehensive income (loss), net of tax of $590 (December 31, 2019 - $206) 7,588 (1,008)
Total stockholders' equity 1,041,284 1,045,478
Total liabilities and stockholders' equity $ 9,932,719 $ 9,297,661