XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 431,471 $ 205,156
Interest bearing deposits with banks 686,877 1,844,764
Investment securities:    
Equity securities 43,318 36,473
Trading debt securities 4,100 38,130
Available for sale debt securities 1,271,854 1,128,809
Held to maturity debt securities (net of allowance for credit losses of $1,696 at September 30, 2022 and $1,165 at December 31, 2021) 3,720,324 2,667,532
Total investment securities 5,039,596 3,870,944
Loans held for sale, at fair value 6,073 139,516
Loans 45,185,764 34,153,657
Less: Allowance for loan losses (475,744) (359,202)
Net loans 44,710,020 33,794,455
Premises and equipment, net 362,203 326,306
Lease right of use assets 314,511 259,117
Bank owned life insurance 714,649 566,770
Accrued interest receivable 159,406 96,882
Goodwill 1,871,505 1,459,008
Other intangible assets, net 208,226 70,386
Other assets 1,422,964 813,139
Total Assets 55,927,501 43,446,443
Deposits:    
Non-interest bearing 15,420,625 11,675,748
Interest bearing:    
Savings, NOW and money market 23,559,662 20,269,620
Time 6,328,556 3,687,044
Total deposits 45,308,843 35,632,412
Total short-term borrowings 919,283 655,726
Long-term borrowings 1,541,097 1,423,676
Junior subordinated debentures issued to capital trusts 56,673 56,413
Lease liabilities 367,428 283,106
Accrued expenses and other liabilities 1,460,348 311,044
Total Liabilities 49,653,672 38,362,377
Shareholders’ Equity    
Common stock (no par value, authorized 650,000,000 shares; issued 507,896,910 and 423,034,027 shares at September 30, 2022 and December 31, 2021) 178,185 148,482
Surplus 4,972,732 3,883,035
Retained earnings 1,100,838 883,645
Accumulated other comprehensive loss (165,557) (17,932)
Treasury stock, at cost (1,545,408 common shares at September 30, 2022 and 1,596,959 common shares at December 31, 2021) (22,060) (22,855)
Total Shareholders’ Equity 6,273,829 5,084,066
Total Liabilities and Shareholders’ Equity 55,927,501 43,446,443
Series A    
Shareholders’ Equity    
Preferred stock, no par value; 50,000,000 authorized shares: 111,590 111,590
Series B    
Shareholders’ Equity    
Preferred stock, no par value; 50,000,000 authorized shares: $ 98,101 $ 98,101