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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Cash and cash equivalents:    
Cash and due from banks $ 2,745,675 $ 2,142,294
Money market investments 9,837 11,908
Total cash and cash equivalents 2,755,512 2,154,202
Restricted cash 179 1,375
Investments:    
Trading securities, at fair value, with amortized cost of $432 (December 31, 2020- $432) 22 22
Investment securities available-for-sale, at fair value, with amortized cost of $497,450 (December 31, 2020, amortized cost $432,176); no allowance for credit losses 509,107 446,438
Investment securities held-to-maturity, at amortized cost, with fair value of $371,827 no allowance for credit losses 375,214 0
Federal Home Loan Bank (FHLB) stock, at cost 7,496 8,278
Other investments 10,434 3,962
Total investments 902,273 458,700
Loans:    
Loans held-for-sale, at lower of cost or fair value 52,494 43,935
Loans held for investment, net of allowance for credit losses of $180,872 (December 31, 2020 - $204,809) 6,229,991 6,457,324
Total loans 6,282,485 6,501,259
Other assets:    
Foreclosed real estate 13,904 11,596
Accrued interest receivable 56,815 65,547
Deferred tax asset, net 128,663 162,478
Premises and equipment, net 86,981 83,786
Customers' liability on acceptances 24,371 33,349
Servicing assets 48,227 47,295
Goodwill 86,069 86,069
Other intangible assets 38,545 45,896
Operating lease right-of-use assets 30,625 31,383
Other assets 152,216 143,076
Total assets 10,606,865 9,826,011
Deposits:    
Demand deposits 5,531,124 4,613,309
Savings accounts 2,378,211 1,944,415
Time deposits 1,335,054 1,857,916
Total deposits 9,244,389 8,415,640
Borrowings:    
Advances from FHLB 62,559 65,561
Subordinated capital notes 36,083 36,083
Other borrowings 375 707
Total borrowings 99,017 102,351
Other liabilities:    
Securities purchased but not yet received 31,565 0
Derivative liabilities 1,136 1,712
Acceptances executed and outstanding 24,371 33,349
Operating lease liabilities 32,167 32,566
Accrued expenses and other liabilities 120,555 154,418
Total liabilities 9,553,200 8,740,036
Commitments and contingencies (See Note 26)
Stockholders' equity:    
Preferred stock; 10,000,000 shares authorized; (December 31, 2020 - 1,340,000 shares of Series A; 1,380,000 shares of Series B; and 960,000 shares of Series D issued and outstanding) $25 liquidation value 0 92,000
Common stock, $1 par value; 100,000,000 shares authorized; 59,885,234 shares issued: 49,977,236 shares outstanding (December 31, 2020 - $59,885,234 shares issued; 51,387,071 shares outstanding) 59,885 59,885
Additional paid-in capital 635,808 622,652
Legal surplus 114,485 103,269
Retained earnings 375,729 300,096
Treasury stock, at cost, 9,907,998 shares (December 31, 2020 - 8,498,163 shares) (140,862) (102,949)
Accumulated other comprehensive income, net of tax of $1,901 (December 31, 2020 - $1,529) 8,620 11,022
Total stockholders' equity 1,053,665 1,085,975
Total liabilities and stockholders' equity $ 10,606,865 $ 9,826,011