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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 144,634 $ 116,591
Short-term investments 1,087,158 1,937,479
Cash and cash equivalents 1,231,792 2,054,070
Available for sale securities 8,511,224 3,183,861
Loans held for sale 1,206 1,140
Loans:    
Total loans 12,281,510 9,730,525
Less: allowance for loan losses (97,787) (113,031)
Less: unamortized premiums, net of unearned discounts and deferred fees (26,442) (23,536)
Net loans 12,157,281 9,593,958
Federal Home Loan Bank stock, at cost 10,904 8,805
Premises and equipment 80,984 49,398
Bank-owned life insurance 157,091 78,561
Goodwill and other intangibles, net 649,703 376,534
Deferred income taxes, net 76,535 13,229
Prepaid expenses 179,330 148,680
Other assets 456,078 455,954
Total assets 23,512,128 15,964,190
Deposits:    
Demand 7,020,864 4,910,794
Interest checking accounts 4,478,566 2,380,497
Savings accounts 2,077,495 1,256,736
Money market investment 5,525,005 3,348,898
Certificates of deposit 526,381 258,859
Total deposits 19,628,311 12,155,784
Borrowed funds:    
Federal Home Loan Bank advances 14,020 14,624
Escrow deposits of borrowers 20,258 13,425
Total borrowed funds 34,278 28,049
Other liabilities 443,187 352,305
Total liabilities 20,105,776 12,536,138
Commitments and contingencies (see footnote 17) 0 0
Common shares, $0.01 par value, 1,000,000,000 shares authorized; 186,305,332 and 186,758,154 shares issued and outstanding at December 31, 2021 and 2020, respectively 1,863 1,868
Additional paid in capital 1,835,241 1,854,068
Unallocated common shares held by the Employee Stock Ownership Plan (142,709) (147,725)
Retained earnings 1,768,653 1,665,607
Accumulated other comprehensive income, net of tax (56,696) 54,234
Total shareholders’ equity 3,406,352 3,428,052
Total liabilities and shareholders’ equity 23,512,128 15,964,190
Commercial and industrial | Commercial Portfolio Segment    
Loans:    
Total loans 2,960,527 1,995,016
Less: allowance for loan losses (18,018) (26,617)
Commercial real estate | Commercial Portfolio Segment    
Loans:    
Total loans 4,522,513 3,573,630
Less: allowance for loan losses (52,373) (54,569)
Commercial construction | Commercial Portfolio Segment    
Loans:    
Total loans 222,328 305,708
Less: allowance for loan losses (2,585) (4,553)
Business banking | Commercial Portfolio Segment    
Loans:    
Total loans 1,334,694 1,339,164
Residential real estate | Residential Portfolio Segment    
Loans:    
Total loans 1,926,810 1,370,957
Less: allowance for loan losses (6,556) (6,435)
Consumer home equity | Consumer Portfolio Segment    
Loans:    
Total loans 1,100,153 868,270
Less: allowance for loan losses (3,722) (3,744)
Other consumer | Consumer Portfolio Segment    
Loans:    
Total loans $ 214,485 $ 277,780