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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 $ 286,400 $ 256,565
Interest bearing cash in other banks 90,266 94,014
Total cash and cash equivalents 376,666 350,579
Interest bearing deposits in other financial institutions 25,943 28,642
Securities available for sale, at fair value 2,233,744 2,285,611
Equity investments 59,049 59,699
Loans held for sale, at the lower of cost or fair value 19,672 17,743
Loans receivable, net of allowance for credit losses of $207,943 and $206,741 at March 31, 2021 and December 31, 2020, respectively 13,494,686 13,356,472
Other real estate owned (“OREO”), net 18,515 20,121
Federal Home Loan Bank (“FHLB”) stock, at cost 17,250 17,250
Premises and equipment, net 47,918 48,409
Accrued interest receivable 60,498 59,430
Deferred tax assets, net 58,115 47,693
Customers’ liabilities on acceptances 754 1,184
Bank owned life insurance (“BOLI”) 77,089 76,765
Investments in affordable housing partnerships 66,752 69,454
Operating lease right-of-use assets, net 44,179 47,653
Goodwill 464,450 464,450
Core deposit intangible assets, net 9,198 9,708
Servicing assets, net 12,084 12,692
Other assets 112,298 133,109
Total assets 17,198,860 17,106,664
Deposits:    
Noninterest bearing 5,427,174 4,814,254
Interest bearing:    
Money market and NOW accounts 5,009,419 5,232,413
Savings deposits 305,326 300,770
Time deposits 3,559,350 3,986,475
Total deposits 14,301,269 14,333,912
FHLB advances 400,000 250,000
Convertible notes, net 215,504 204,565
Subordinated debentures, net 104,469 104,178
Accrued interest payable 8,611 14,706
Acceptances outstanding 754 1,184
Operating lease liabilities 48,575 52,030
Commitments to fund investments in affordable housing partnerships 13,354 15,148
Other liabilities 60,743 77,196
Total liabilities 15,153,279 15,052,919
STOCKHOLDERS’ EQUITY:    
Common stock, $0.001 par value; 150,000,000 authorized shares: issued and outstanding 136,142,075 and 123,480,494 shares, respectively, at March 31, 2021, and issued and outstanding 135,926,445 and 123,264,864 shares, respectively, at December 31, 2020 136 136
Additional paid-in capital 1,417,137 1,434,916
Retained earnings 823,085 785,940
Treasury stock, at cost; 12,661,581 and 12,661,581 shares at March 31, 2021 and December 31, 2020 (200,000) (200,000)
Accumulated other comprehensive income, net 5,223 32,753
Total stockholders’ equity 2,045,581 2,053,745
Total liabilities and stockholders’ equity $ 17,198,860 $ 17,106,664