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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 71,492 $ 87,233
Short-term investments 667,526 605,843
Cash and cash equivalents 739,018 693,076
Available for sale (amortized cost $5,079,053 and $5,161,904, respectively) 4,287,585 4,407,521
Held to maturity (fair value $393,190 and $404,822, respectively) 443,833 449,721
Total securities 4,731,418 4,857,242
Loans held for sale 2,204 1,124
Loans 14,088,747 13,973,428
Allowance for loan losses (149,190) (148,993)
Unamortized premiums, net of unearned discounts and deferred fees (32,947) (25,068)
Net loans 13,906,610 13,799,367
Federal Home Loan Bank stock, at cost 5,879 5,904
Premises and equipment 59,790 60,133
Bank-owned life insurance 165,734 164,702
Goodwill and other intangibles, net 565,701 566,205
Deferred income taxes, net 272,344 266,185
Prepaid expenses 187,211 183,073
Other assets 538,895 536,267
Total assets 21,174,804 21,133,278
Deposits:    
Demand 4,952,487 5,162,218
Interest checking accounts 3,739,631 3,737,361
Savings accounts 1,291,260 1,323,126
Money market investment 4,770,058 4,664,475
Certificates of deposit 2,913,297 2,709,037
Total deposits 17,666,733 17,596,217
Borrowed funds:    
Escrow deposits of borrowers 24,368 21,978
Interest rate swap collateral funds 10,810 8,500
Federal Home Loan Bank advances 17,576 17,738
Total borrowed funds 52,754 48,216
Other liabilities 502,486 513,990
Total liabilities 18,221,973 18,158,423
Commitments and contingencies (see Note 9)
Shareholders’ equity    
Common shares, $0.01 par value, 1,000,000,000 shares authorized, 176,631,477 and 176,426,993 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 1,769 1,767
Additional paid in capital 1,669,133 1,666,441
Unallocated common shares held by the Employee Stock Ownership Plan (131,512) (132,755)
Retained earnings 2,068,315 2,047,754
Accumulated other comprehensive income, net of tax (654,874) (608,352)
Total shareholders’ equity 2,952,831 2,974,855
Total liabilities and shareholders’ equity $ 21,174,804 $ 21,133,278