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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 36,079 $ 36,069
Short-term investments 284,370 398,848
Total cash and cash equivalents 320,449 434,917
Investment securities available-for-sale 694,151 745,822
Equity securities held-for-trading 0 526
Total investment securities 694,151 746,348
Total loans and leases 7,020,275 7,269,553
Allowance for loan and lease losses (106,474) (114,379)
Net loans and leases 6,913,801 7,155,174
Restricted equity securities 31,627 49,786
Premises and equipment, net of accumulated depreciation of $84,191 and $82,233, respectively 71,240 71,568
Right-of-use asset operating leases 22,682 24,143
Deferred tax asset 41,324 40,129
Goodwill 160,427 160,427
Identified intangible assets, net of accumulated amortization of $39,212 and $38,752, respectively 2,692 3,152
Other real estate owned ("OREO") and repossessed assets, net 372 6,515
Other assets 203,199 250,265
Total assets 8,461,964 8,942,424
Deposits:    
Demand checking accounts 1,926,713 1,592,205
Interest-bearing deposits 4,967,988 5,318,491
Total deposits 6,894,701 6,910,696
Borrowed funds:    
Advances from the Federal Home Loan Bank of Boston ("FHLBB") 204,154 648,849
Subordinated debentures and notes 83,821 83,746
Other borrowed funds 75,039 87,652
Total borrowed funds 363,014 820,247
Operating lease liabilities 22,682 24,143
Mortgagors' escrow accounts 6,231 5,901
Reserve for unfunded credits 13,142 13,071
Accrued expenses and other liabilities 189,942 226,588
Total liabilities 7,489,712 8,000,646
Commitments and contingencies
Stockholders' Equity:    
Common stock, $0.01 par value; 200,000,000 shares authorized; 85,177,172 shares issued and 85,177,172 shares issued, respectively 852 852
Additional paid-in capital 738,557 737,178
Retained earnings, partially restricted 304,466 264,892
Accumulated other comprehensive income 6,089 16,490
Treasury stock, at cost; 6,536,478 shares and 6,525,783 shares, respectively (77,493) (77,343)
Unallocated common stock held by Employee Stock Ownership Plan ("ESOP"); 37,890 shares and 51,114 shares, respectively (219) (291)
Total stockholders' equity 972,252 941,778
Total liabilities and stockholders' equity 8,461,964 8,942,424
Commercial real estate loans    
ASSETS    
Total loans and leases 3,815,581 3,823,826
Commercial loans and leases    
ASSETS    
Total loans and leases 2,038,851 2,274,899
Consumer loans    
ASSETS    
Total loans and leases $ 1,165,843 $ 1,170,828