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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 980,870 $ 120,544
Debt securities available-for-sale, at estimated fair value 169,634 150,960
Debt securities held-to-maturity, net of allowance for credit losses of $2,393 at September 30, 2020 (estimated fair value of $902,418 at September 30, 2020 and $777,290 at December 31, 2019) 871,688 768,873
Equity investments, at estimated fair value 63,846 10,136
Restricted equity investments, at cost 67,505 62,356
Loans receivable, net of allowance for credit losses of $56,350 at September 30, 2020 and $16,852 at December 31, 2019 7,943,390 6,207,680
Loans held-for-sale 388,763 0
Interest and dividends receivable 40,671 21,674
Other real estate owned 106 264
Premises and equipment, net 103,249 102,691
Bank owned life insurance 264,167 237,411
Assets held for sale 6,717 3,785
Goodwill 500,849 374,632
Core deposit intangible 25,194 15,607
Other assets 224,648 169,532
Total assets 11,651,297 8,246,145
Liabilities and Stockholders’ Equity    
Deposits 9,283,288 6,328,777
Federal Home Loan Bank advances 343,452 519,260
Securities sold under agreements to repurchase with retail customers 142,823 71,739
Other borrowings 246,941 96,801
Advances by borrowers for taxes and insurance 20,104 13,884
Other liabilities 152,975 62,565
Total liabilities 10,189,583 7,093,026
Stockholders’ equity:    
Preferred stock, $.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, and 57,370 shares issued at September 30, 2020 and no shares issued at December 31, 2019 1 0
Common stock, $.01 par value, 150,000,000 shares authorized, 61,026,971 shares issued and 60,378,120 and 50,405,048 shares outstanding at September 30, 2020 and December 31, 2019, respectively 609 519
Additional paid-in capital 1,137,155 840,691
Retained earnings 356,397 358,668
Accumulated other comprehensive income (loss) 940 (1,208)
Less: Unallocated common stock held by Employee Stock Ownership Plan (7,737) (8,648)
Treasury stock, 648,851 and 1,586,808 shares at September 30, 2020 and December 31, 2019, respectively (25,651) (36,903)
Total stockholders’ equity 1,461,714 1,153,119
Total liabilities and stockholders’ equity $ 11,651,297 $ 8,246,145