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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Cash and cash equivalents:    
Cash and due from banks $ 2,267,383 $ 844,532
Money market investments 14,617 6,775
Total cash and cash equivalents 2,282,000 851,307
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 $412,900 (December 31, 2019 - $1,074,475); no allowance for credit losses for any period 423,815 1,074,169
Federal Home Loan Bank (FHLB) stock, at cost 8,322 13,048
Other investments 2,205 560
Total investments 434,364 1,087,814
Loans:    
Loans held-for-sale, at lower of cost or fair value 54,526 19,591
Loans held for investment, net of allowance for credit losses of $235,313 (December 31, 2019 - $116,539) 6,524,614 6,622,256
Total loans 6,579,140 6,641,847
Other assets:    
Foreclosed real estate 19,456 29,909
Accrued interest receivable 71,830 37,120
Deferred tax asset, net 178,957 176,740
Premises and equipment, net 83,270 81,105
Customers' liability on acceptances 18,291 21,599
Core deposit, customer relationship and other intangibles 48,650 56,965
Servicing assets 47,242 50,779
Goodwill 86,069 86,069
Operating lease right-of-use assets 35,900 39,112
Other assets 132,772 135,845
Total assets 10,018,991 9,297,661
Deposits:    
Demand deposits 4,682,991 3,579,115
Savings accounts 1,949,362 1,836,480
Time deposits 2,000,104 2,283,015
Total deposits 8,632,457 7,698,610
Borrowings:    
Securities sold under agreements to repurchase 0 190,274
Advances from FHLB 66,543 78,009
Subordinated capital notes 36,083 36,083
Other borrowings 238 1,195
Total borrowings 102,864 305,561
Other liabilities:    
Derivative liabilities 1,895 913
Acceptances executed and outstanding 18,291 21,599
Operating lease liabilities 37,029 39,840
Accrued expenses and other liabilities 162,133 185,660
Total liabilities 8,954,669 8,252,183
Commitments and contingencies (See Note 21)
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: 51,344,586 shares outstanding (December 31, 2019 - $59,885,234; 51,398,956) 59,885 59,885
Additional paid-in capital 621,978 621,515
Legal surplus 101,233 95,779
Retained earnings 284,053 279,646
Treasury stock, at cost, 8,540,648 shares (December 31, 2019 - 8,486,278 shares) (103,095) (102,339)
Accumulated other comprehensive income (loss), net of tax of $753 (December 31, 2019 - $206) 8,268 (1,008)
Total stockholders' equity 1,064,322 1,045,478
Total liabilities and stockholders' equity $ 10,018,991 $ 9,297,661