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UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Cash and cash equivalents:    
Cash and due from banks $ 810,281 $ 2,014,523
Money market investments 4,988 8,952
Total cash and cash equivalents 815,269 2,023,475
Restricted cash 164 175
Investments:    
Trading securities, at fair value, with amortized cost of $162 (December 31, 2021 - $162) 11 20
Investment securities available-for-sale, at fair value, with amortized cost of $1,600,651 (December 31, 2021 - $503,421); no allowance for credit losses 1,478,409 510,713
Investment securities held-to-maturity, at amortized cost, with fair value of $471,718 (December 31, 2021 - $363,653); no allowance for credit losses 540,774 367,507
Equity securities 23,372 17,578
Total investments 2,042,566 895,818
Loans:    
Loans held-for-sale, at lower of cost or fair value 61,225 82,662
Loans held for investment, net of allowance for credit losses of $155,162 (December 31, 2021 - $155,937) 6,529,803 6,246,649
Total loans 6,591,028 6,329,311
Other assets:    
Foreclosed real estate 14,561 15,039
Accrued interest receivable 59,400 56,560
Deferred tax asset, net 66,121 99,063
Premises and equipment, net 106,025 92,124
Customers' liability on acceptances 29,245 35,329
Servicing assets 50,061 48,973
Goodwill 86,069 86,069
Other intangible assets 29,662 36,093
Operating lease right-of-use assets 26,192 28,846
Other assets 141,816 152,845
Total assets 10,058,179 9,899,720
Deposits:    
Demand deposits 5,416,309 5,204,340
Savings accounts 2,345,673 2,177,780
Time deposits 1,093,135 1,220,998
Total deposits 8,855,117 8,603,118
Borrowings:    
Advances from the Federal Home Loan Bank of New York (the “FHLB”) 27,153 28,488
Subordinated capital notes 0 36,083
Other borrowings 110 0
Total borrowings 27,263 64,571
Other liabilities:    
Derivative liabilities 28 804
Acceptances executed and outstanding 29,245 35,329
Operating lease liabilities 28,114 30,498
Accrued expenses and other liabilities 124,545 96,240
Total liabilities 9,064,312 8,830,560
Commitments and contingencies (See Note 20)
Stockholders’ equity:    
Common stock, $1 par value; 100,000,000 shares authorized; 59,885,234 shares issued: 47,563,272 shares outstanding (December 31, 2021 - 59,885,234 shares issued; 49,636,352 shares outstanding) 59,885 59,885
Additional paid-in capital 635,523 637,061
Legal surplus 129,429 117,677
Retained earnings 484,057 399,949
Treasury stock, at cost, 12,321,962 shares (December 31, 2021 - 10,248,882 shares) (211,138) (150,572)
Accumulated other comprehensive (loss) income, net of tax of $17,943 (December 31, 2021 - $1,328) (103,889) 5,160
Total stockholders’ equity 993,867 1,069,160
Total liabilities and stockholders’ equity $ 10,058,179 $ 9,899,720