XML 16 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash, cash equivalents and restricted cash $ 214,066 $ 91,325
Available for sale debt securities, at fair value 623,499 625,074
Held to maturity debt securities, at amortized cost (fair value of $8,393 and $10,349 at September 30, 2020 and December 31, 2019, respectively) 7,990 10,170
Equity securities, at fair value 12,070 11,782
Loans receivable, net of allowance for loan losses of $46,063 and $36,001 at September 30, 2020 and December 31, 2019, respectively 6,102,438 6,194,976
Accrued interest receivable 19,894 20,814
Federal Home Loan Bank ("FHLB") stock, at cost 29,612 30,342
Premises and equipment, net 18,750 19,504
Goodwill 3,297 3,297
Prepaid expenses and other assets 40,047 38,544
Total assets 7,071,663 7,045,828
Liabilities:    
Deposits 5,276,680 5,234,717
FHLB advances 961,747 978,702
Junior subordinated deferrable interest debentures 61,857 61,857
Senior debt    
$95,000 face amount, 6.5% interest rate, due September 30, 2024 (less debt issuance costs of $491 and $584 at September 30, 2020 and December 31, 2019, respectively) 94,509 94,416
Accrued interest payable 1,254 2,901
Other liabilities and accrued expenses 66,783 58,771
Total liabilities 6,462,830 6,431,364
Commitments and contingencies (Note 16)
Stockholders' equity:    
Preferred stock, no par value; 5,000,000 shares authorized; none issued and outstanding at September 30, 2020 and December 31, 2019, respectively 0 0
Common stock, no par value; 100,000,000 shares authorized; 52,410,053 and 55,999,754 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 415,115 447,784
Retained earnings 187,147 165,236
Accumulated other comprehensive income, net of taxes 6,571 1,444
Total stockholders' equity 608,833 614,464
Total liabilities and stockholders' equity $ 7,071,663 $ 7,045,828