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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 72,890 $ 87,233
Short-term investments 677,958 605,843
Cash and cash equivalents 750,848 693,076
Available for sale (amortized cost $4,893,056 and $5,161,904, respectively) 4,097,842 4,407,521
Held to maturity (fair value $385,398 and $404,822, respectively) 436,712 449,721
Total securities 4,534,554 4,857,242
Loans held for sale 1,308 1,124
Total loans 14,145,520 13,973,428
Allowance for loan losses (156,146) (148,993)
Unamortized premiums, net of unearned discounts and deferred fees (35,601) (25,068)
Net loans 13,953,773 13,799,367
Federal Home Loan Bank stock, at cost 5,879 5,904
Premises and equipment 60,910 60,133
Bank-owned life insurance 166,710 164,702
Goodwill and other intangibles, net 565,196 566,205
Deferred income taxes, net 276,064 266,185
Prepaid expenses 183,245 183,073
Other assets 545,682 536,267
Total assets 21,044,169 21,133,278
Deposits:    
Demand 4,808,938 5,162,218
Interest checking accounts 3,532,811 3,737,361
Savings accounts 1,238,009 1,323,126
Money market investment 5,014,900 4,664,475
Certificates of deposit 2,943,151 2,709,037
Total deposits 17,537,809 17,596,217
Borrowed funds:    
Escrow deposits of borrowers 20,155 21,978
Interest rate swap collateral funds 11,370 8,500
Federal Home Loan Bank advances 17,415 17,738
Total borrowed funds 48,940 48,216
Other liabilities 489,947 513,990
Total liabilities 18,076,696 18,158,423
Commitments and contingencies (see Note 9)
Shareholders’ equity    
Common shares, $0.01 par value, 1,000,000,000 shares authorized, 176,687,829 and 176,426,993 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 1,770 1,767
Additional paid in capital 1,673,722 1,666,441
Unallocated common shares held by the Employee Stock Ownership Plan (130,295) (132,755)
Retained earnings 2,076,566 2,047,754
Accumulated other comprehensive income, net of tax (654,290) (608,352)
Total shareholders’ equity 2,967,473 2,974,855
Total liabilities and shareholders’ equity $ 21,044,169 $ 21,133,278