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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 106,040,000 $ 144,634,000
Short-term investments 63,465,000 1,087,158,000
Cash and cash equivalents 169,505,000 1,231,792,000
Available for sale (amortized cost $7,825,435 and $8,587,179, respectively) 6,690,778,000 8,511,224,000
Held to maturity (fair value $423,226 and $0, respectively) 476,647,000 0
Total securities 7,167,425,000 8,511,224,000
Loans held for sale 4,543,000 1,206,000
Loans:    
Total loans 13,575,531,000 12,281,510,000
Allowance for loan losses (142,211,000) (97,787,000)
Unamortized premiums, net of unearned discounts and deferred fees, net of costs (13,003,000) (26,442,000)
Net loans 13,420,317,000 12,157,281,000
Federal Home Loan Bank stock, at cost 41,363,000 10,904,000
Premises and equipment 62,493,000 80,555,000
Bank-owned life insurance 160,790,000 157,091,000
Goodwill and other intangibles, net 568,009,000 569,207,000
Deferred income taxes, net 331,963,000 76,089,000
Prepaid expenses 165,368,000 178,803,000
Other assets 426,863,000 423,958,000
Assets of discontinued operations 128,219,000 114,018,000
Total assets 22,646,858,000 23,512,128,000
Deposits:    
Demand 6,240,637,000 7,020,864,000
Interest checking accounts 4,568,122,000 4,478,566,000
Savings accounts 1,831,123,000 2,077,495,000
Money market investment 4,710,095,000 5,525,005,000
Certificates of deposit 1,624,382,000 526,381,000
Total deposits 18,974,359,000 19,628,311,000
Borrowed funds:    
Short-term Federal Home Loan Bank advances 691,297,000 17,000
Escrow deposits of borrowers 22,314,000 20,258,000
Interest rate swap collateral funds 14,430,000 0
Long-term Federal Home Loan Bank advances 12,787,000 14,003,000
Total borrowed funds 740,828,000 34,278,000
Other liabilities 424,951,000 411,965,000
Liabilities of discontinued operations 34,930,000 31,222,000
Total liabilities 20,175,068,000 20,105,776,000
Commitments and contingencies (see Note 18) 0 0
Common shares, $0.01 par value, 1,000,000,000 shares authorized; 176,172,073 and 186,305,332 shares issued and outstanding at December 31, 2022 and 2021, respectively 1,762,000 1,863,000
Additional paid in capital 1,649,141,000 1,835,241,000
Unallocated common shares held by the Employee Stock Ownership Plan (137,696,000) (142,709,000)
Retained earnings 1,881,775,000 1,768,653,000
Accumulated other comprehensive income, net of tax (923,192,000) (56,696,000)
Total shareholders’ equity 2,471,790,000 3,406,352,000
Total liabilities and shareholders’ equity 22,646,858,000 23,512,128,000
Commercial and industrial | Commercial Portfolio Segment    
Loans:    
Total loans 3,150,946,000 2,960,527,000
Allowance for loan losses (26,859,000) (18,018,000)
Commercial real estate | Commercial Portfolio Segment    
Loans:    
Total loans 5,155,323,000 4,522,513,000
Allowance for loan losses (54,730,000) (52,373,000)
Commercial construction | Commercial Portfolio Segment    
Loans:    
Total loans 336,276,000 222,328,000
Allowance for loan losses (7,085,000) (2,585,000)
Business banking | Commercial Portfolio Segment    
Loans:    
Total loans 1,090,492,000 1,334,694,000
Residential real estate | Residential Portfolio Segment    
Loans:    
Total loans 2,460,849,000 1,926,810,000
Allowance for loan losses (28,129,000) (6,556,000)
Consumer home equity | Consumer Portfolio Segment    
Loans:    
Total loans 1,187,547,000 1,100,153,000
Allowance for loan losses (6,454,000) (3,722,000)
Other consumer | Consumer Portfolio Segment    
Loans:    
Total loans $ 194,098,000 $ 214,485,000