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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 237,083 $ 131,555
Short-term investments 133,494 55,193
Total cash and cash equivalents 370,577 186,748
Available for sale debt securities, at fair value 989,833 976,919
Held to maturity debt securities, net (fair value of $459,224 at March 31, 2020 (unaudited) and $467,966 at December 31, 2019) 445,444 453,629
Total Portfolio 445,444 453,629
Equity securities, at fair value 685 825
Federal Home Loan Bank stock 61,198 57,298
Loans 7,372,044 7,332,885
Less allowance for credit losses 75,143 55,525
Loans, net of allowance for credit losses 7,296,901 7,277,360
Net loans 7,296,901 7,277,360
Foreclosed assets, net 4,219 2,715
Banking premises and equipment, net 54,350 55,210
Accrued interest receivable 27,799 29,031
Intangible assets 436,278 437,019
Bank-owned life insurance 195,459 195,533
Other assets 202,143 136,291
Total assets 10,084,886 9,808,578
Deposits:    
Demand deposits 5,523,150 5,384,868
Savings deposits 990,844 983,714
Certificates of deposit of $100,000 or more 406,122 438,551
Other time deposits 290,644 295,476
Total deposits 7,210,760 7,102,609
Mortgage escrow deposits 28,470 26,804
Borrowed funds 1,213,777 1,125,146
Other liabilities 219,290 140,179
Total liabilities 8,672,297 8,394,738
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 65,770,728 shares outstanding at March 31, 2020 and 65,787,900 outstanding at December 31, 2019 832 832
Additional paid-in capital 1,008,582 1,007,303
Retained earnings 686,397 695,273
Accumulated other comprehensive income 14,938 3,821
Treasury stock (274,044) (268,504)
Unallocated common stock held by the Employee Stock Ownership Plan (24,116) (24,885)
Common stock acquired by the Directors’ Deferred Fee Plan (3,666) (3,833)
Deferred compensation – Directors’ Deferred Fee Plan 3,666 3,833
Total stockholders’ equity 1,412,589 1,413,840
Total liabilities and stockholders’ equity $ 10,084,886 $ 9,808,578