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Unaudited Consolidated Balance sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 79,497 $ 116,591
Short-term investments 1,780,835 1,937,479
Cash and cash equivalents 1,860,332 2,054,070
Available for sale securities 3,986,253 3,183,861
Loans held for sale 2,022 1,140
Loans:    
Total loans 9,916,475 9,730,525
Less: allowance for loan losses (111,080) (113,031)
Less: unamortized premiums, net of unearned discounts and deferred fees (32,673) (23,536)
Net loans 9,772,722 9,593,958
Federal Home Loan Bank stock, at cost 8,805 8,805
Premises and equipment 46,619 49,398
Bank-owned life insurance 79,110 78,561
Goodwill and other intangibles, net 376,002 376,534
Deferred income taxes, net 31,508 13,229
Prepaid expenses 150,453 148,680
Other assets 412,969 455,954
Total assets 16,726,795 15,964,190
Deposits:    
Demand 5,369,164 4,910,794
Interest checking accounts 2,482,731 2,380,497
Savings accounts 1,362,463 1,256,736
Money market investment 3,522,990 3,348,898
Certificates of deposit 243,527 258,859
Total deposits 12,980,875 12,155,784
Borrowed funds:    
Federal Home Loan Bank advances 14,473 14,624
Escrow deposits of borrowers 14,878 13,425
Total borrowed funds 29,351 28,049
Other liabilities 329,524 352,305
Total liabilities 13,339,750 12,536,138
Commitments and contingencies (see footnote 11) 0 0
Common shares, $0.01 par value, 1,000,000,000 shares authorized, 186,758,154 and 186,758,154 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 1,868 1,868
Additional paid in capital 1,854,895 1,854,068
Unallocated common shares held by the Employee Stock Ownership Plan (146,472) (147,725)
Retained earnings 1,702,946 1,665,607
Accumulated other comprehensive income, net of tax (26,192) 54,234
Total shareholders’ equity 3,387,045 3,428,052
Total liabilities and shareholders’ equity 16,726,795 15,964,190
Commercial and industrial    
Loans:    
Total loans 1,986,366 1,995,016
Commercial real estate    
Loans:    
Total loans 3,676,941 3,573,630
Commercial construction    
Loans:    
Total loans 249,416 305,708
Business banking    
Loans:    
Total loans 1,513,051 1,339,164
Residential real estate    
Loans:    
Total loans 1,406,510 1,370,957
Consumer home equity    
Loans:    
Total loans 832,466 868,270
Other consumer    
Loans:    
Total loans $ 251,725 $ 277,780