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UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Cash and cash equivalents:    
Cash and due from banks $ 1,302,199 $ 2,014,523
Money market investments 4,913 8,952
Total cash and cash equivalents 1,307,112 2,023,475
Restricted cash 169 175
Investments:    
Trading securities, at fair value, with amortized cost of $163 (December 31, 2021 - $162) 13 20
Investment securities available-for-sale, at fair value, with amortized cost of $1,217,883 (December 31, 2021 - $503,421); no allowance for credit losses 1,159,570 510,713
Investment securities held-to-maturity, at amortized cost, with fair value of $501,747 (December 31, 2021 - $363,653); no allowance for credit losses 547,832 367,507
Equity securities 19,848 17,578
Total investments 1,727,263 895,818
Loans:    
Loans held-for-sale, at lower of cost or fair value 41,588 82,662
Loans held for investment, net of allowance for credit losses of $159,039 (December 31, 2021 - $155,937) 6,543,622 6,246,649
Total loans 6,585,210 6,329,311
Other assets:    
Foreclosed real estate 15,061 15,039
Accrued interest receivable 58,371 56,560
Deferred tax asset, net 76,101 99,063
Premises and equipment, net 101,848 92,124
Customers' liability on acceptances 27,150 35,329
Servicing assets 49,280 48,973
Goodwill 86,069 86,069
Other intangible assets 31,800 36,093
Operating lease right-of-use assets 27,699 28,846
Other assets 154,641 152,845
Total assets 10,247,774 9,899,720
Deposits:    
Demand deposits 5,459,104 5,204,340
Savings accounts 2,433,819 2,177,780
Time deposits 1,136,647 1,220,998
Total deposits 9,029,570 8,603,118
Borrowings:    
Advances from FHLB 27,586 28,488
Subordinated capital notes 0 36,083
Other borrowings 32 0
Total borrowings 27,618 64,571
Other liabilities:    
Derivative liabilities 21 804
Acceptances executed and outstanding 27,150 35,329
Operating lease liabilities 29,538 30,498
Accrued expenses and other liabilities 119,065 96,240
Total liabilities 9,232,962 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: 47,553,723 shares outstanding (December 31, 2021 - 59,885,234 shares issued; 49,636,352 shares outstanding) 59,885 59,885
Additional paid-in capital 634,612 637,061
Legal surplus 125,365 117,677
Retained earnings 455,590 399,949
Treasury stock, at cost, 12,331,511 shares (December 31, 2021 - 10,248,882 shares) (211,138) (150,572)
Accumulated other comprehensive (loss) income, net of tax of $8,646 (December 31, 2021 - $1,328) (49,502) 5,160
Total stockholders’ equity 1,014,812 1,069,160
Total liabilities and stockholders’ equity $ 10,247,774 $ 9,899,720