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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 131,555 $ 86,195
Short-term investments 55,193 56,466
Total cash and cash equivalents 186,748 142,661
Available for sale debt securities, at fair value 976,919 1,063,079
Held to maturity debt securities (fair value of $467,966 and $479,740 at December 31, 2019 and December 31, 2018, respectively). 453,629 479,425
Equity securities, at fair value 825 635
Federal Home Loan Bank Stock 57,298 68,813
Loans 7,332,885 7,250,588
Less allowance for loan losses 55,525 55,562
Net loans 7,277,360 7,195,026
Foreclosed assets, net 2,715 1,565
Banking premises and equipment, net 55,210 58,124
Accrued interest receivable 29,031 31,475
Intangible assets 437,019 418,178
Bank-owned life insurance 195,533 193,085
Other assets 136,291 73,703
Total assets 9,808,578 9,725,769
Deposits:    
Demand deposits 5,384,868 5,027,708
Savings deposits 983,714 1,051,922
Certificates of deposit of $100,000 or more 438,551 414,848
Other time deposits 295,476 335,644
Total deposits 7,102,609 6,830,122
Mortgage escrow deposits 26,804 25,568
Borrowed funds 1,125,146 1,442,282
Other liabilities 140,179 68,817
Total liabilities 8,394,738 8,366,789
Stockholders’ Equity:    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued 0 0
Common stock, $0.01 par value, 200,000,000 shares authorized, 83,209,293 shares issued and 65,787,900 shares outstanding at December 31, 2019, and 83,209,293 shares issued and 66,325,458 shares outstanding at December 31, 2018, respectively. 832 832
Additional paid-in capital 1,007,303 1,021,533
Retained earnings 695,273 651,099
Accumulated other comprehensive income (loss) 3,821 (12,336)
Treasury stock (268,504) (272,470)
Unallocated common stock held by the Employee Stock Ownership Plan (24,885) (29,678)
Common stock acquired by the Directors’ Deferred Fee Plan (3,833) (4,504)
Deferred compensation—Directors’ Deferred Fee Plan 3,833 4,504
Total stockholders’ equity 1,413,840 1,358,980
Total liabilities and stockholders’ equity $ 9,808,578 $ 9,725,769