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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 559,235 $ 404,355
Short-term investments 128,335 127,998
Total cash and cash equivalents 687,570 532,353
Available for sale debt securities, at fair value 1,216,936 1,105,489
Held to maturity debt securities, net (fair value of $463,993 at March 31, 2021 (unaudited) and $472,529 at December 31, 2020) 447,902 450,965
Equity securities, at fair value 1,026 971
Federal Home Loan Bank stock 48,998 59,489
Loans 9,803,536 9,822,890
Less allowance for credit losses 85,591 101,466
Net loans 9,717,945 9,721,424
Foreclosed assets, net 3,554 4,475
Banking premises and equipment, net 75,344 75,946
Accrued interest receivable 43,883 46,450
Intangible assets 465,335 466,212
Bank-owned life insurance 235,112 234,607
Other assets 186,840 221,360
Total assets 13,130,445 12,919,741
Deposits:    
Demand deposits 7,932,146 7,395,508
Savings deposits 1,402,363 1,348,147
Certificates of deposit of $100,000 or more 604,732 717,216
Other time deposits 358,272 376,958
Total deposits 10,297,513 9,837,829
Mortgage escrow deposits 37,772 34,298
Borrowed funds 940,611 1,175,972
Subordinated debentures 25,173 25,135
Other liabilities 182,145 226,710
Total liabilities 11,483,214 11,299,944
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, 83,209,012 shares issued and 77,798,624 shares outstanding at March 31, 2021 and 77,611,107 outstanding at December 31, 2020 832 832
Additional paid-in capital 963,556 962,453
Retained earnings 748,574 718,090
Accumulated other comprehensive income 12,977 17,655
Treasury stock (59,261) (59,018)
Unallocated common stock held by the Employee Stock Ownership Plan (19,447) (20,215)
Common stock acquired by deferred compensation plans (4,381) (4,549)
Deferred compensation plans 4,381 4,549
Total stockholders’ equity 1,647,231 1,619,797
Total liabilities and stockholders’ equity $ 13,130,445 $ 12,919,741