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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 118,362 $ 144,634
Short-term investments 712,132 1,087,158
Cash and cash equivalents 830,494 1,231,792
Securities:    
Available for sale (amortized cost $8,456,620 and $8,587,179, respectively) 7,917,305 8,511,224
Held to maturity (fair value $392,123 and $0, respectively) 395,434 0
Total securities 8,312,739 8,511,224
Loans held for sale 1,166 1,206
Loans:    
Total loans 12,182,203 12,281,510
Less: allowance for loan losses (124,166) (97,787)
Less: unamortized premiums, net of unearned discounts and deferred fees (24,434) (26,442)
Net loans 12,033,603 12,157,281
Federal Home Loan Bank stock, at cost 10,904 10,904
Premises and equipment 73,180 80,984
Bank-owned life insurance 157,954 157,091
Goodwill and other intangibles, net 654,759 649,703
Deferred income taxes, net 183,137 76,535
Prepaid expenses 188,704 179,330
Other assets 389,432 456,078
Total assets 22,836,072 23,512,128
Deposits:    
Demand 6,788,742 7,020,864
Interest checking accounts 4,662,134 4,478,566
Savings accounts 2,089,427 2,077,495
Money market investment 5,406,198 5,525,005
Certificates of deposit 446,315 526,381
Total deposits 19,392,816 19,628,311
Borrowed funds:    
Federal Home Loan Bank advances 13,689 14,020
Escrow deposits of borrowers 21,233 20,258
Total borrowed funds 34,922 34,278
Other liabilities 399,942 443,187
Total liabilities 19,827,680 20,105,776
Commitments and contingencies (see footnote 12)
Shareholders’ equity    
#REF! 1,834 1,863
Additional paid in capital 1,777,670 1,835,241
Unallocated common shares held by the Employee Stock Ownership Plan (141,455) (142,709)
Retained earnings 1,782,997 1,768,653
Accumulated other comprehensive loss, net of tax (412,654) (56,696)
Total shareholders’ equity 3,008,392 3,406,352
Total liabilities and shareholders’ equity 22,836,072 23,512,128
Commercial Portfolio Segment | Commercial and industrial    
Loans:    
Total loans 2,886,560 2,960,527
Less: allowance for loan losses (26,841) (18,018)
Commercial Portfolio Segment | Commercial real estate    
Loans:    
Total loans 4,609,824 4,522,513
Less: allowance for loan losses (44,612) (52,373)
Commercial Portfolio Segment | Commercial construction    
Loans:    
Total loans 246,093 222,328
Less: allowance for loan losses (4,414) (2,585)
Commercial Portfolio Segment | Business Banking    
Loans:    
Total loans 1,201,007 1,334,694
Less: allowance for loan losses (17,269) (10,983)
Residential Portfolio Segment | Residential real estate    
Loans:    
Total loans 1,936,182 1,926,810
Less: allowance for loan losses (22,243) (6,556)
Consumer Portfolio Segment | Consumer home equity    
Loans:    
Total loans 1,099,211 1,100,153
Less: allowance for loan losses (6,018) (3,722)
Consumer Portfolio Segment | Other consumer    
Loans:    
Total loans $ 203,326 $ 214,485