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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 680,734 $ 661,925
Money market investments:    
Time deposits with other financial institutions 300 300
Other short-term investments 3,485 939
Total money market investments 3,785 1,239
Available-for-sale debt securities, at fair value (amortized cost of $5,695,485 as of March 31, 2024 and $5,863,294 as of December 31, 2023; ACL of $442 as of March 31, 2024 and $511 as of December 31, 2023) 5,047,179 5,229,984
Held-to-maturity debt securities, at amortized cost, net of ACL of $1,235 as of March 31, 2024 and $2,197 as of December 31, 2023 (fair value of $338,120 as of March 31, 2024 and $346,132 as of December 31, 2023) 348,095 351,981
Equity securities 51,390 49,675
Total investment securities 5,446,664 5,631,640
Loans, net of ACL of $263,592 as of March 31, 2024 and $261,843 as of December 31, 2023 12,047,856 11,923,640
Mortgage loans held for sale, at lower of cost or market 12,080 7,368
Total loans, net 12,059,936 11,931,008
Interest receivable 73,154 77,716
Premises and equipment, net 141,471 142,016
Other real estate owned ("OREO") 28,864 32,669
Deferred tax asset, net 147,743 150,127
Goodwill 38,611 38,611
Other intangible assets 11,542 13,383
Other assets 258,457 229,215
Total assets 18,890,961 18,909,549
LIABILITIES    
Non-interest-bearing deposits 5,346,326 5,404,121
Interest-bearing deposits 11,199,185 11,151,864
Total 16,545,511 16,555,985
Long-term advances from the FHLB 500,000 500,000
Other long-term borrowings 161,700 161,700
Accounts payable and other liabilities 204,033 194,255
Total liabilities 17,411,244 17,411,940
Commitments and contingencies (See Note 21)
STOCKHOLDERS' EQUITY    
Common stock, $0.10 par value, 2,000,000,000 shares authorized; 223,663,116 shares issued; 166,707,047 shares outstanding as of March 31, 2024 and 169,302,812 as of December 31, 2023 22,366 22,366
Additional paid-in capital 959,319 965,707
Retained earnings, includes legal surplus reserve of $199,576 as of each of March 31, 2024 and December 31, 2023 1,892,714 1,846,112
Treasury stock (at cost), 56,956,069 shares as of March 31, 2024 and 54,360,304 shares as of December 31, 2023 (740,447) (697,406)
Accumulated other comprehensive loss, net of tax of $8,581 as of each of March 31, 2024 and December 31, 2023 (654,235) (639,170)
Total stockholders' equity 1,479,717 1,497,609
Total liabilities and stockholders' equity $ 18,890,961 $ 18,909,549