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UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Cash and cash equivalents:    
Cash and due from banks $ 1,849,906 $ 2,014,523
Money market investments 5,648 8,952
Total cash and cash equivalents 1,855,554 2,023,475
Restricted cash 175 175
Investments:    
Trading securities, at fair value, with amortized cost of $163 (December 31, 2021 - $162) 18 20
Investment securities available-for-sale, at fair value, with amortized cost of $903,798 (December 31, 2021, amortized cost $503,421); no allowance for credit losses 880,338 510,713
Investment securities held-to-maturity, at amortized cost, with fair value of $329,969 (December 31, 2021 - $363,653); no allowance for credit losses 359,806 367,507
Equity securities 18,556 17,578
Total investments 1,258,718 895,818
Loans:    
Loans held-for-sale, at lower of cost or fair value 58,234 82,662
Loans held for investment, net of allowance for credit losses of $157,075 (December 31, 2021 - $155,937) 6,390,896 6,246,649
Total loans 6,449,130 6,329,311
Other assets:    
Foreclosed real estate 15,297 15,039
Accrued interest receivable 56,097 56,560
Deferred tax asset, net 87,608 99,063
Premises and equipment, net 97,403 92,124
Customers' liability on acceptances 29,858 35,329
Servicing assets 49,446 48,973
Goodwill 86,069 86,069
Other intangible assets 33,947 36,093
Operating lease right-of-use assets 28,576 28,846
Other assets 142,242 152,845
Total assets 10,190,120 9,899,720
Deposits:    
Demand deposits 5,504,640 5,204,340
Savings accounts 2,295,113 2,177,780
Time deposits 1,178,469 1,220,998
Total deposits 8,978,222 8,603,118
Borrowings:    
Advances from FHLB 28,035 28,488
Subordinated capital notes 0 36,083
Total borrowings 28,035 64,571
Other liabilities:    
Derivative liabilities 191 804
Acceptances executed and outstanding 29,858 35,329
Operating lease liabilities 30,287 30,498
Accrued expenses and other liabilities 83,492 96,240
Total liabilities 9,150,085 8,830,560
Commitments and contingencies (See Note 19)
Stockholders’ equity:    
Common stock, $1 par value; 100,000,000 shares authorized; 59,885,234 shares issued: 48,673,113 shares outstanding (December 31, 2021 - 59,885,234 shares issued; 49,636,352 shares outstanding) 59,885 59,885
Additional paid-in capital 633,796 637,061
Legal surplus 121,389 117,677
Retained earnings 426,320 399,949
Treasury stock, at cost, 11,212,121 shares (December 31, 2021 - 10,248,882 shares) (180,717) (150,572)
Accumulated other comprehensive (loss) income, net of tax of $3,007 (December 31, 2021 - $1,328) (20,638) 5,160
Total stockholders’ equity 1,040,035 1,069,160
Total liabilities and stockholders’ equity $ 10,190,120 $ 9,899,720