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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Cash and cash equivalents:    
Cash and due from banks $ 230,250 $ 271,319
Interest bearing cash in other banks 101,086 44,947
Total cash and cash equivalents 331,336 316,266
Interest bearing deposits in other financial institutions 3,968 12,851
Investment securities available for sale, at fair value 1,993,348 2,666,275
Investment securities held to maturity, at amortized cost; fair value of $258,677 and $0 at September 30, 2022 and December 31, 2021, respectively 271,185 0
Equity investments 42,324 57,860
Loans held for sale, at the lower of cost or fair value 41,989 99,049
Loans receivable, net of allowance for credit losses of $160,561 and $140,550 at September 30, 2022 and December 31, 2021, respectively 15,330,626 13,812,193
Other real estate owned (“OREO”), net 1,480 2,597
Federal Home Loan Bank (“FHLB”) stock, at cost 18,900 17,250
Premises and equipment, net 46,169 45,667
Accrued interest receivable 42,363 41,842
Deferred tax assets, net 149,383 49,719
Customers’ liabilities on acceptances 570 1,521
Bank owned life insurance (“BOLI”) 76,788 77,081
Investments in affordable housing partnerships 50,259 58,387
Operating lease right-of-use assets, net 55,362 52,701
Goodwill 464,450 464,450
Core deposit intangible assets, net 6,212 7,671
Servicing assets, net 11,601 10,418
Other assets 145,075 95,263
Total assets 19,083,388 17,889,061
Deposits:    
Noninterest bearing 5,590,952 5,751,870
Interest bearing:    
Money market and NOW accounts 5,885,093 6,178,850
Savings deposits 317,841 321,377
Time deposits 3,708,323 2,788,353
Total deposits 15,502,209 15,040,450
FHLB and FRB borrowings 1,072,000 300,000
Convertible notes, net 216,913 216,209
Subordinated debentures, net 106,258 105,354
Accrued interest payable 11,713 4,272
Acceptances outstanding 570 1,521
Operating lease liabilities 59,334 57,303
Commitments to fund investments in affordable housing partnerships 12,399 9,514
Other liabilities 126,267 61,455
Total liabilities 17,107,663 15,796,078
STOCKHOLDERS’ EQUITY:    
Common stock, $0.001 par value; 150,000,000 authorized shares: issued and outstanding 136,862,088 and 119,479,253 shares, respectively, at September 30, 2022, and issued and outstanding 136,350,301 and 120,006,452 shares, respectively, at December 31, 2021 137 136
Additional paid-in capital 1,428,052 1,421,698
Retained earnings 1,048,738 932,561
Treasury stock, at cost; 17,382,835 and 16,343,849 shares at September 30, 2022 and December 31, 2021, respectively (264,667) (250,000)
Accumulated other comprehensive loss, net (236,535) (11,412)
Total stockholders’ equity 1,975,725 2,092,983
Total liabilities and stockholders’ equity $ 19,083,388 $ 17,889,061