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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 1,203,791 $ 546,391
Money market investments:    
Time deposits with other financial institutions 300 300
Other short term investments 97,392 97,408
Total money market investments 97,692 97,708
Investment securities available for sale, at fair value:    
Securities pledged with creditors right to reledge 344,296 130,165
Other Investment Securities Available For Sale 2,378,875 1,993,360
Total investment securities available for sale 2,723,171 2,123,525
Investment securities held to maturity, at amortized cost, net of allowance for credit losses of $9,268 as of June 30, 2020 (fair value 2020 - $108,646; 2019 $110,374) 129,265 138,675
Equity securities 36,262 38,249
Total loans, net 9,085,905 8,886,543
Loans, net of allowance for credit losses of $319,297 (2019 - $155,139) 9,046,919 8,847,066
Loans held for sale, at lower of cost or market 38,986 39,477
Premises and equipment, net 148,054 149,989
Other real estate owned 96,319 101,626
Accrued interest receivable on loans and investments 62,983 50,205
Deferred tax asset, net 306,175 264,842
Other assets 206,789 213,513
Total assets 14,096,406 12,611,266
LIABILITIES    
Non-interest-bearing deposits 3,081,936 2,367,856
Interest-bearing deposits 7,614,750 6,980,573
Total deposits 10,696,686 9,348,429
Securities sold under agreements to repurchase 300,000 100,000
Advances from the Federal Home Loan Bank (FHLB) 490,000 570,000
Other borrowings 184,150 184,150
Accounts payable and other liabilities 210,736 180,614
Total liabilities 11,881,572 10,383,193
Preferred stock, authorized 50,000,000 shares:    
Non-cumulative Perpetual Monthly Income Preferred Stock: 22,004,000 shares issued, 1,444,146 shares outstanding, aggregate liquidation value of $36,104 36,104 36,104
Common stock, $0.10 par value, authorized, 2,000,000,000 shares; 222,955,394 shares issued(2019 - 222,103,721 shares issued) 22,296 22,210
Less: Treasury stock (at par value) (480) (474)
Common stock outstanding, 218,157,639 shares outstanding (2019 - 217,359,337 shares outstanding) 21,816 21,736
Additional paid-in capital 943,816 941,652
Retained earnings, includes legal surplus reserve of $97,586 as of each June 30, 2020 and Dcember 31, 2019 1,159,828 1,221,817
Accumulated other comprehensive income (loss), net of tax of $7,752 as of June 30, 2020 and December 31, 2019 53,270 6,764
Total stockholders' equity 2,214,834 2,228,073
Total liabilities and stockholders' equity $ 14,096,406 $ 12,611,266