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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 318,141 $ 131,555
Short-term investments 135,622 55,193
Total cash and cash equivalents 453,763 186,748
Available for sale debt securities, at fair value 948,614 976,919
Held to maturity debt securities 439,303 453,629
Equity securities, at fair value 806 825
Federal Home Loan Bank stock 57,880 57,298
Loans 7,766,391 7,332,885
Less allowance for credit losses 86,259 55,525
Net loans 7,680,132 7,277,360
Foreclosed assets, net 3,272 2,715
Banking premises and equipment, net 54,548 55,210
Accrued interest receivable 33,809 29,031
Intangible assets 435,578 437,019
Bank-owned life insurance 196,552 195,533
Other assets 209,282 136,291
Total assets 10,513,539 9,808,578
Deposits:    
Demand deposits 5,997,792 5,384,868
Savings deposits 1,050,813 983,714
Certificates of deposit of $100,000 or more 338,411 438,551
Other time deposits 273,050 295,476
Total deposits 7,660,066 7,102,609
Mortgage escrow deposits 30,960 26,804
Borrowed funds 1,175,289 1,125,146
Other liabilities 236,817 140,179
Total liabilities 9,103,132 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 65,741,182 shares outstanding at June 30, 2020 and 65,787,900 outstanding at December 31, 2019 832 832
Additional paid-in capital 1,009,978 1,007,303
Retained earnings 685,509 695,273
Accumulated other comprehensive income 12,794 3,821
Treasury stock (275,359) (268,504)
Unallocated common stock held by the Employee Stock Ownership Plan (23,347) (24,885)
Common stock acquired by the Directors’ Deferred Fee Plan (3,498) (3,833)
Deferred compensation – Directors’ Deferred Fee Plan 3,498 3,833
Total stockholders’ equity 1,410,407 1,413,840
Total liabilities and stockholders’ equity $ 10,513,539 $ 9,808,578