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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 208,069 $ 213,774
Interest earning cash in other banks 2,094,270 293,002
Total cash and cash equivalents 2,302,339 506,776
Interest earning deposits in other financial institutions 0 735
Investment securities available for sale (“AFS”), at fair value 1,916,586 1,972,129
Amortized Cost 269,760 271,066
Equity investments 42,963 42,396
Loans held for sale, at lower of cost or fair value 49,246 49,245
Loans receivable, net of allowance for credit losses of $172,996 and $162,359 at June 30, 2023 and December 31, 2022, respectively 14,691,814 15,241,181
Other real estate owned (“OREO”), net 938 2,418
Federal Home Loan Bank (“FHLB”) stock, at cost 17,250 18,630
Premises and equipment, net 50,513 46,859
Accrued interest receivable 60,118 55,460
Deferred tax assets, net 146,301 150,409
Customers’ liabilities on acceptances 659 818
Bank owned life insurance (“BOLI”) 88,238 77,078
Investments in affordable housing partnerships 44,026 47,711
Operating lease right-of-use assets (“ROU”), net 53,744 55,034
Goodwill 464,450 464,450
Core deposit intangible assets, net 4,830 5,726
Servicing assets, net 11,532 11,628
Other assets 150,831 144,742
Total assets 20,366,138 19,164,491
Deposits:    
Noninterest bearing 4,229,247 4,849,493
Interest bearing:    
Money market and NOW accounts 4,188,584 5,615,784
Savings deposits 224,495 283,464
Time deposits 6,977,026 4,990,060
Total deposits 15,619,352 15,738,801
FHLB and FRB borrowings 2,260,000 865,000
Convertible notes, net 444 217,148
Subordinated debentures, net 107,188 106,565
Accrued interest payable 109,236 26,668
Acceptances outstanding 659 818
Operating lease liabilities 57,951 59,088
Commitments to fund investments in affordable housing partnerships 9,322 11,792
Other liabilities 133,988 119,283
Total liabilities 18,298,140 17,145,163
STOCKHOLDERS’ EQUITY:    
Common stock, $0.001 par value; 150,000,000 authorized shares: issued and outstanding 137,397,723 and 120,014,888 shares, respectively, at June 30, 2023, and issued and outstanding 136,878,044 and 119,495,209 shares, respectively, at December 31, 2022 137 137
Additional paid-in capital 1,433,788 1,431,003
Retained earnings 1,127,624 1,083,712
Treasury stock, at cost; 17,382,835 and 17,382,835 shares at June 30, 2023 and December 31, 2022, respectively (264,667) (264,667)
Accumulated other comprehensive loss, net (228,884) (230,857)
Total stockholders’ equity 2,067,998 2,019,328
Total liabilities and stockholders’ equity $ 20,366,138 $ 19,164,491