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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 102,776 $ 144,634
Short-term investments 55,661 1,087,158
Cash and cash equivalents 158,437 1,231,792
Available for sale (amortized cost $8,029,283 and $8,587,179, respectively) 6,844,615 8,511,224
Held to maturity (fair value $431,477 and $0, respectively) 481,963 0
Total securities 7,326,578 8,511,224
Loans held for sale 951 1,206
Loans:    
Total loans 12,903,954 12,281,510
Allowance for loan losses (131,663) (97,787)
Unamortized premiums, net of unearned discounts and deferred fees (19,349) (26,442)
Net loans 12,752,942 12,157,281
Federal Home Loan Bank stock, at cost 18,714 10,904
Premises and equipment 63,261 80,984
Bank-owned life insurance 159,838 157,091
Goodwill and other intangibles, net 662,222 649,703
Deferred income taxes, net 342,550 76,535
Prepaid expenses 180,742 179,330
Other assets 376,698 456,078
Total assets 22,042,933 23,512,128
Deposits:    
Demand 6,582,122 7,020,864
Interest checking accounts 5,047,018 4,478,566
Savings accounts 1,990,188 2,077,495
Money market investment 4,757,477 5,525,005
Certificates of deposit 356,576 526,381
Total deposits 18,733,381 19,628,311
Borrowed funds:    
Federal Home Loan Bank advances 384,215 14,020
Escrow deposits of borrowers 21,853 20,258
Interest rate swap collateral funds 16,650 0
Total borrowed funds 422,718 34,278
Other liabilities 470,671 443,187
Total liabilities 19,626,770 20,105,776
Commitments and contingencies (see footnote 12)
Shareholders’ equity    
Common shares, $0.01 par value, 1,000,000,000 shares authorized, 177,772,553 and 186,305,332 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 1,778 1,863
Additional paid in capital 1,676,396 1,835,241
Unallocated common shares held by the Employee Stock Ownership Plan (138,950) (142,709)
Retained earnings 1,855,757 1,768,653
Accumulated other comprehensive income, net of tax (978,818) (56,696)
Total shareholders’ equity 2,416,163 3,406,352
Total liabilities and shareholders’ equity 22,042,933 23,512,128
Commercial and industrial    
Loans:    
Allowance for loan losses (26,841)  
Commercial and industrial | Commercial Portfolio Segment    
Loans:    
Total loans 3,023,729 2,960,527
Allowance for loan losses (26,841) (18,018)
Commercial real estate    
Loans:    
Allowance for loan losses (51,103)  
Commercial real estate | Commercial Portfolio Segment    
Loans:    
Total loans 4,985,654 4,522,513
Allowance for loan losses (51,103) (52,373)
Commercial construction    
Loans:    
Allowance for loan losses (5,981)  
Commercial construction | Commercial Portfolio Segment    
Loans:    
Total loans 314,193 222,328
Allowance for loan losses (5,981) (2,585)
Business banking    
Loans:    
Allowance for loan losses (16,262)  
Business banking | Commercial Portfolio Segment    
Loans:    
Total loans 1,096,436 1,334,694
Allowance for loan losses (16,262) (10,983)
Residential real estate    
Loans:    
Allowance for loan losses (23,007)  
Residential real estate | Residential Real Estate    
Loans:    
Total loans 2,118,852 1,926,810
Allowance for loan losses (23,007) (6,556)
Consumer home equity    
Loans:    
Allowance for loan losses (5,842)  
Consumer home equity | Consumer Portfolio Segment    
Loans:    
Total loans 1,168,476 1,100,153
Allowance for loan losses (5,842) (3,722)
Other consumer | Consumer Portfolio Segment    
Loans:    
Total loans $ 196,614 $ 214,485