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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 2,540,376 $ 1,433,261
Money market investments:    
Time deposits with other financial institutions 300 300
Other short-term investments 2,382 60,272
Total money market investments 2,682 60,572
Investment securities available for sale, at fair value:    
Securities pledged with creditors' right to repledge 321,180 341,789
Other Investment Securities Available For Sale 6,132,581 4,305,230
Total investment securities available for sale, at fair value 6,453,761 4,647,019
Investment securities held to maturity, at amortized cost, net of allowance for credit losses of $8,571 as of December 31, 2021 and $8,845 as of December 31, 2020 (fair value 2021 - $ 167,147; 2020 - $ 173,806) 169,562 180,643
Equity securities 32,169 37,588
Loans, net of allowance for credit losses of $296,030, (2020 - $385,887) 10,791,628 11,391,402
Loans held for sale, at lower of cost or market 35,155 50,289
Total loans, net 10,826,783 11,441,691
Premises and equipment, net 146,417 158,209
Other real estate owned (OREO) 40,848 83,060
Accrued interest receivable on loans and investments 61,507 69,505
Deferred income taxes, net 208,482 329,261
Goodwill 38,611 38,632
Intangibles assets 29,934 40,893
Other assets 234,143 272,737
Total assets 20,785,275 18,793,071
LIABILITIES    
Non-interest-bearing deposits 7,027,513 4,546,123
Interest-bearing deposits 10,757,381 10,771,260
Total deposits 17,784,894 15,317,383
Securities Sold Under Agreements To Repurchase 300,000 300,000
Federal Home Loan Bank advances 200,000 440,000
Other borrowings 183,762 183,762
Accounts payable and other liabilities 214,852 276,747
Total liabilities 18,683,508 16,517,892
Preferred stock, authorized 50,000,000 shares:    
Non-cumulative Perpetual Monthly Income Preferred Stock: 22,004,000 shares issued; 1,444,146 shares outstanding as of December 31, 2020; aggregate liquidation value of $36,104 as of December 31, 2020 (See Note 23) 0 36,104
Common stock, $0.10 par value, authorized, 2,000,000,000 shares; 223,663,116 shares issued (2020 - 223,034,348 shares issued) 22,366 22,303
Less: Treasury stock (at par value) (2,183) (480)
Common stock outstanding, 201,826,505 shares outstanding (2020 - 218,235,064 shares outstanding) 20,183 21,823
Additional paid-in capital 738,288 946,476
Retained earnings, includes legal surplus reserve of $137,591 (2020 - $109,338) 1,427,295 1,215,321
Accumulated other comprehensive (loss) income, net of tax of $9,786 as of December 31, 2021 (2020 - $7,590) (83,999) 55,455
Total stockholders' equity 2,101,767 2,275,179
Total liabilities and stockholders' equity $ 20,785,275 $ 18,793,071