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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 222,658 $ 172,813
Interest earning cash in other banks 235,541 1,756,154
Total cash and cash equivalents 458,199 1,928,967
Investment securities available for sale (“AFS”), at fair value 1,823,243 2,145,059
Amortized Cost 252,385 263,912
Equity investments 39,946 43,750
Loans held for sale, at lower of cost or fair value 14,491 3,408
Loans receivable, net of allowance for credit losses 13,467,745 13,694,925
Federal Home Loan Bank (“FHLB”) stock, at cost 17,250 17,250
Premises and equipment, net 51,759 50,611
Accrued interest receivable 51,169 61,720
Deferred tax assets, net 140,044 135,215
Bank owned life insurance (“BOLI”) 90,158 89,061
Investments in affordable housing partnerships 32,354 54,474
Operating lease right-of-use (“ROU”) assets, net 39,432 46,611
Goodwill 464,450 464,450
Core deposit intangible assets, net 2,331 3,935
Servicing assets, net 10,051 9,631
Other assets 99,001 118,543
Total assets 17,054,008 19,131,522
Deposits:    
Noninterest bearing 3,377,950 3,914,967
Interest bearing:    
Money market and NOW accounts 4,515,251 4,169,543
Savings deposits 660,484 702,486
Time deposits 5,773,804 5,966,757
Total deposits 14,327,489 14,753,753
FHLB and FRB borrowings 239,000 1,795,726
Convertible notes and subordinated debentures, net 109,584 108,269
Accrued interest payable 93,784 168,174
Operating lease liabilities 44,059 52,670
Commitments to fund investments in affordable housing partnerships 0 21,017
Other liabilities 105,587 110,670
Total liabilities 14,919,503 17,010,279
STOCKHOLDERS’ EQUITY:    
Common Stock, par value, issued 138 138
Additional paid-in capital 1,445,373 1,439,963
Retained earnings 1,181,533 1,150,547
Treasury Stock, at cost (264,667) (264,667)
Accumulated other comprehensive loss, net (227,872) (204,738)
Total stockholders’ equity 2,134,505 2,121,243
Total liabilities and stockholders’ equity $ 17,054,008 $ 19,131,522