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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 90,537 $ 105,447
Short-term investments 844,755 474,382
Total cash and cash equivalents 935,292 579,829
Trading security, at fair value 9,525 10,769
Marketable equity securities, at fair value 31,993 41,556
Securities available for sale, at fair value 1,575,289 1,311,555
Securities held to maturity (fair values of $356,035 and $373,277) 330,197 357,979
Federal Home Loan Bank stock and other restricted securities 40,520 48,019
Total securities 1,987,524 1,769,878
Less: Allowance for credit losses on held to maturity securities (96) 0
Net securities 1,987,428 1,769,878
Loans held for sale 15,854 36,664
Total loans 8,982,336 9,502,428
Less: Allowance for credit losses on loans (134,414) (63,575)
Net loans 8,847,922 9,438,853
Premises and equipment, net 117,116 120,398
Other real estate owned 40 0
Goodwill 0 553,762
Other intangible assets 40,947 45,615
Cash surrender value of bank-owned life insurance policies 231,217 227,894
Other assets 425,675 288,945
Assets from discontinued operations 12,966 154,132
Total assets 12,614,457 13,215,970
Liabilities    
Demand deposits 2,585,173 1,884,100
NOW and other deposits 1,522,289 1,492,569
Money market deposits 2,516,168 2,528,656
Savings deposits 952,836 841,283
Time deposits 2,890,093 3,589,369
Total deposits 10,466,559 10,335,977
Short-term debt 110,000 125,000
Long-term Federal Home Loan Bank advances and other 495,483 605,501
Subordinated borrowings 97,223 97,049
Total borrowings 702,706 827,550
Other liabilities 251,220 267,398
Liabilities from discontinued operations 14,947 26,481
Total liabilities 11,435,432 11,457,406
Shareholders’ equity    
Preferred Stock (Series B non-voting convertible preferred stock - $0.01 par value; 2,000,000 shares authorized, 260,907 shares issued and outstanding in 2020; 2,000,000 shares authorized, 521,607 shares issued and outstanding in 2019) 20,325 40,633
Common stock ($0.01 par value; 100,000,000 shares authorized and 51,903,190 shares issued and 50,305,952 shares outstanding in 2020; 51,903,190 shares issued and 49,585,143 shares outstanding in 2019 523 517
Additional paid-in capital - common stock 1,422,300 1,422,441
Unearned compensation (7,526) (8,465)
Retained earnings (deficit) (242,175) 361,082
Accumulated other comprehensive income 32,426 11,993
Treasury stock, at cost (1,597,238 shares in 2020 and 2,318,047 shares in 2019) (46,848) (69,637)
Total shareholders’ equity 1,179,025 1,758,564
Total liabilities and shareholders’ equity $ 12,614,457 $ 13,215,970