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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 296,495 $ 404,355
Short-term investments 208,794 127,998
Total cash and cash equivalents 505,289 532,353
Available for sale debt securities, at fair value 1,918,473 1,105,489
Held to maturity debt securities, net (fair value of $441,888 at September 30, 2021 (unaudited) and $472,529 at December 31, 2020) 427,039 450,965
Equity securities, at fair value 1,267 971
Federal Home Loan Bank stock 34,044 59,489
Total gross loans 9,554,600 9,822,890
Less allowance for credit losses 80,033 101,466
Net loans 9,474,567 9,721,424
Foreclosed assets, net 1,619 4,475
Banking premises and equipment, net 78,329 75,946
Accrued interest receivable 40,866 46,450
Intangible assets 465,061 466,212
Bank-owned life insurance 237,042 234,607
Other assets 208,347 221,360
Total assets 13,391,943 12,919,741
Deposits:    
Demand deposits 8,627,487 7,395,508
Savings deposits 1,428,630 1,348,147
Certificates of deposit of $100,000 or more 345,742 717,216
Other time deposits 434,762 376,958
Total deposits 10,836,621 9,837,829
Mortgage escrow deposits 37,564 34,298
Borrowed funds 617,375 1,175,972
Subordinated debentures 25,249 25,135
Other liabilities 195,710 226,710
Total liabilities 11,712,519 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 77,226,485 shares outstanding at September 30, 2021 and 77,611,107 outstanding at December 31, 2020 832 832
Additional paid-in capital 967,203 962,453
Retained earnings 794,713 718,090
Accumulated other comprehensive income 7,757 17,655
Treasury stock (73,172) (59,018)
Unallocated common stock held by the Employee Stock Ownership Plan (17,909) (20,215)
Common stock acquired by the Directors' Deferred Fee Plan ("DDFP") (4,124) (4,549)
Deferred Compensation - Directors' Deferred Fee Plan 4,124 4,549
Total stockholders’ equity 1,679,424 1,619,797
Total liabilities and stockholders’ equity $ 13,391,943 $ 12,919,741