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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Cash and cash equivalents:    
Cash and due from banks $ 293,822 $ 256,565
Interest bearing cash in other banks 543,135 94,014
Total cash and cash equivalents 836,957 350,579
Interest bearing deposits in other financial institutions 18,268 28,642
Securities available for sale, at fair value 2,274,170 2,285,611
Equity investments 59,032 59,699
Loans held for sale, at the lower of cost or fair value 54,245 17,743
Loans receivable, net of allowance for credit losses of $189,452 and $206,741 at June 30, 2021 and December 31, 2020, respectively 13,234,849 13,356,472
Other real estate owned (“OREO”), net 16,619 20,121
Federal Home Loan Bank (“FHLB”) stock, at cost 17,250 17,250
Premises and equipment, net 45,302 48,409
Accrued interest receivable 51,886 59,430
Deferred tax assets, net 49,092 47,693
Customers’ liabilities on acceptances 916 1,184
Bank owned life insurance (“BOLI”) 76,428 76,765
Investments in affordable housing partnerships 63,800 69,454
Operating lease right-of-use assets, net 47,772 47,653
Goodwill 464,450 464,450
Core deposit intangible assets, net 8,689 9,708
Servicing assets, net 11,566 12,692
Other assets 138,336 133,109
Total assets 17,469,627 17,106,664
Deposits:    
Noninterest bearing 5,638,115 4,814,254
Interest bearing:    
Money market and NOW accounts 5,786,697 5,232,413
Savings deposits 308,651 300,770
Time deposits 2,992,767 3,986,475
Total deposits 14,726,230 14,333,912
FHLB advances 200,000 250,000
Convertible notes, net 215,739 204,565
Subordinated debentures, net 104,762 104,178
Accrued interest payable 4,946 14,706
Acceptances outstanding 916 1,184
Operating lease liabilities 52,177 52,030
Commitments to fund investments in affordable housing partnerships 10,654 15,148
Other liabilities 61,333 77,196
Total liabilities 15,376,757 15,052,919
STOCKHOLDERS’ EQUITY:    
Common stock, $0.001 par value; 150,000,000 authorized shares: issued and outstanding 136,335,413 and 123,673,832 shares, respectively, at June 30, 2021, and issued and outstanding 135,926,445 and 123,264,864 shares, respectively, at December 31, 2020 136 136
Additional paid-in capital 1,418,135 1,434,916
Retained earnings 859,548 785,940
Treasury stock, at cost; 12,661,581 and 12,661,581 shares at June 30, 2021 and December 31, 2020, respectively (200,000) (200,000)
Accumulated other comprehensive income, net 15,051 32,753
Total stockholders’ equity 2,092,870 2,053,745
Total liabilities and stockholders’ equity $ 17,469,627 $ 17,106,664