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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Cash and cash equivalents:    
Cash and due from banks $ 2,396,965 $ 2,142,294
Money market investments 11,401 11,908
Total cash and cash equivalents 2,408,366 2,154,202
Restricted cash 1,050 1,375
Investments:    
Trading securities, at fair value, with amortized cost of $432 (December 31, 2020- $432) 23 22
Investment securities available-for-sale, at fair value, with amortized cost of $462,115 (December 31, 2020, amortized cost $432,176); no allowance for credit losses 471,009 446,438
Investment securities held-to-maturity, at amortized cost no allowance for credit losses 126,767 0
Federal Home Loan Bank (FHLB) stock, at cost 8,233 8,278
Other investments 5,557 3,962
Total investments 611,589 458,700
Loans:    
Loans held-for-sale, at lower of cost or fair value 40,526 43,935
Loans held for investment, net of allowance for credit losses of $201,973 (December 31, 2020 - $204,809) 6,391,553 6,457,324
Total loans 6,432,079 6,501,259
Other assets:    
Foreclosed real estate 15,598 11,596
Accrued interest receivable 61,028 65,547
Deferred tax asset, net 154,540 162,478
Premises and equipment, net 83,756 83,786
Customers' liability on acceptances 24,389 33,349
Servicing assets 47,911 47,295
Goodwill 86,069 86,069
Other intangible assets 43,445 45,896
Operating lease right-of-use assets 32,714 31,383
Other assets 150,808 143,076
Total assets 10,153,342 9,826,011
Deposits:    
Demand deposits 4,885,311 4,613,309
Savings accounts 2,166,161 1,944,415
Time deposits 1,705,290 1,857,916
Total deposits 8,756,762 8,415,640
Borrowings:    
Advances from FHLB 64,570 65,561
Subordinated capital notes 36,083 36,083
Other borrowings 443 707
Total borrowings 101,096 102,351
Other liabilities:    
Derivative liabilities 1,465 1,712
Acceptances executed and outstanding 24,389 33,349
Operating lease liabilities 34,017 32,566
Accrued expenses and other liabilities 127,190 154,418
Total liabilities 9,044,919 8,740,036
Commitments and contingencies (See Note 26)
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, 2020 - 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: 51,579,245 shares outstanding (December 31, 2020 - $59,885,234; 51,387,071) 59,885 59,885
Additional paid-in capital 622,935 622,652
Legal surplus 106,165 103,269
Retained earnings 322,202 300,096
Treasury stock, at cost, 8,305,989 shares (December 31, 2020 - 8,498,163 shares) (100,994) (102,949)
Accumulated other comprehensive income (loss), net of tax of $-1,200 (December 31, 2020 - $-1,529) 6,230 11,022
Total stockholders' equity 1,108,423 1,085,975
Total liabilities and stockholders' equity $ 10,153,342 $ 9,826,011