XML 63 R49.htm IDEA: XBRL DOCUMENT v3.20.4
BUSINESS COMBINATION (Tables)
12 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

 

Fair Value as Originally

 

Measurement Period

 

Fair Value as

(In thousands)

Recorded

 

Adjustments

 

Remeasured

Total purchase price consideration

$

1,277,626

 

$

2,798

 

$

1,280,424

Fair value of assets acquired:

 

 

 

 

 

Cash and cash equivalents

$

1,684,252

 

$

-

 

$

1,684,252

Investment securities

 

1,167,225

 

 

-

 

 

1,167,225

Residential mortgage loans

 

807,637

 

 

(216)

 

 

807,421

Commercial mortgage loans

 

740,919

 

 

-

 

 

740,919

Commercial and Industrial loans

 

752,154

 

 

-

 

 

752,154

Consumer loans

 

214,206

 

 

-

 

 

214,206

Loans, net

 

2,514,916

 

 

(216)

 

 

2,514,700

Premises and equipment, net

 

12,499

 

 

-

 

 

12,499

Intangible assets

 

39,232

 

 

-

 

 

39,232

Other assets

 

144,008

 

 

(352)

 

 

143,656

Total assets and identifiable

 

 

 

 

 

 

 

 

intangible assets acquired

 

5,562,132

 

 

(568)

 

 

5,561,564

 

 

 

 

 

 

 

 

 

Fair value of liabilities assumed:

 

 

 

 

 

 

 

 

Deposits

$

4,194,940

 

$

-

 

$

4,194,940

Other liabilities

 

95,869

 

 

865

 

 

96,734

Total liabilities assumed

 

4,290,809

 

 

865

 

 

4,291,674

Fair value of net assets and identifiable

 

 

 

 

 

 

 

 

intangible assets acquired

 

1,271,323

 

 

(1,433)

 

 

1,269,890

Goodwill

$

6,303

 

$

4,231

 

$

10,534

Business Acquisition, Pro Forma Information [Table Text Block]

 

Unaudited Pro Forma Results

 

 

 

 

 

 

 

 

 

Year Ended

 

Year Ended

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

 

 

 

 

 

 

(In thousands)

 

2020

 

2019

 

 

 

 

 

 

Net interest income

$

722,556

 

 

$

789,938

 

 

 

 

 

 

 

Non-interest income

 

132,180

 

 

 

129,303

 

 

 

 

 

 

 

Net income

 

183,972

 

 

 

213,311