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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 135,338 $ 185,255
Deposits in other financial institutions (restricted cash) 550,101 140,913
Federal funds sold and FRB deposits 461,252 163,890
Cash and cash equivalents 1,146,691 490,058
Trading securities, at fair value 8,432 4,987
Available for sale debt securities, at fair value 2,138,442 1,886,724
Held to maturity debt securities, net of allowance for credit losses of $10 at March 31, 2020 (fair value of $205,458 and $208,852 at March 31, 2020 and December 31, 2019, respectively) 195,948 202,903
Loans held for sale (see Note 6) 188,316 142,801
Loans, excluding Purchased Credit Deteriorated ("PCD") loans 11,876,909 11,848,475
PCD loans 150,322 135,468
Allowance for credit losses (158,733) (40,655)
Net Loans 11,868,498 11,943,288
Bank premises and equipment, net 296,471 296,706
Right-of-use operating lease assets 33,062 32,163
Accrued interest receivable 43,382 40,945
FHLB, FRB and other stock, at cost 100,463 100,305
Goodwill 1,204,417 1,204,417
Core deposit intangible, net 87,295 91,157
Other intangible assets, net 4,131 4,507
Bank owned life insurance 331,713 330,155
Other repossessed real estate owned 9,942 5,092
Deferred income tax asset, net 37,687 28,786
Bank property held for sale 21,347 23,781
Interest rate swap derivatives, at fair value 831,891 273,068
Prepaid expense and other assets 48,164 40,182
TOTAL ASSETS 18,596,292 17,142,025
Deposits:    
Demand - non-interest bearing 4,164,091 3,929,183
Demand - interest bearing 2,650,252 2,613,933
Savings and money market accounts 4,413,773 4,336,721
Time deposits 2,893,383 2,256,555
Total deposits 14,121,499 13,136,392
Securities sold under agreement to repurchase 81,736 93,141
Federal funds purchased 255,433 379,193
Other borrowed funds 211,000 161,000
Corporate and subordinated debentures 71,356 71,343
Accrued interest payable 4,334 3,998
Interest rate swap derivatives, at fair value 842,451 275,033
Operating lease liabilities 35,168 34,485
Reserve for unfunded commitments 7,110  
Payables and accrued expenses 95,953 90,722
Total liabilities 15,726,040 14,245,307
Equity:    
Common stock, $.01 par value: 200,000,000 shares authorized; 124,131,401 and 125,173,597 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 1,241 1,252
Additional paid-in capital 2,376,637 2,407,385
Retained earnings 435,984 465,680
Accumulated other comprehensive income 56,390 22,401
Total equity 2,870,252 2,896,718
TOTAL LIABILITIES AND EQUITY $ 18,596,292 $ 17,142,025