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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash $ 327,616 $ 223,299
Interest-bearing deposits due from banks 26,209 12,651
Total cash and cash equivalents 353,825 235,950
Investment securities available for sale, at fair value (allowance for credit losses of $0 at September 30, 2023 and $310 at December 31, 2022) 942,510 1,054,312
Investment securities held to maturity (fair value of $656,725 at September 30, 2023 and $760,455 at December 31, 2022 and allowance for credit losses of $146 at September 30, 2023 and $107 at December 31, 2022) 847,699 923,308
Equity securities, at fair value 17,207 17,283
Federal Home Loan Bank and other membership bank stock, at cost 53,580 42,483
Loans held for sale 1,251 536
Loans, net of deferred fees 8,294,057 7,866,050
Less: Allowance for credit losses 75,159 70,264
Total loans, net 8,218,898 7,795,786
Premises and equipment, net 53,993 55,429
Operating lease right-of-use assets 17,475 20,052
Accrued interest receivable 36,612 33,374
Goodwill 271,829 271,829
Other intangible assets 7,559 9,088
Bank owned life insurance 159,009 156,985
Other assets 195,362 167,425
Total Assets 11,176,809 10,783,840
Liabilities    
Deposits 8,602,503 8,567,471
Federal funds purchased and securities sold under agreements to repurchase 728,769 728,797
Long-term Federal Home Loan Bank of New York advances 325,000 25,000
Subordinated debentures 194,596 194,264
Operating lease liabilities 18,618 21,449
Other liabilities 171,696 138,272
Total Liabilities 10,041,182 9,675,253
Stockholders' Equity    
Common stock, no par value; authorized 100,000,000 shares; issued 65,161,310 shares and outstanding 65,030,275 shares at September 30, 2023 and issued 65,002,738 shares and outstanding 64,871,703 shares at December 31, 2022 857,707 855,425
Retained earnings 365,498 329,375
Treasury shares, at cost, 131,035 shares at September 30, 2023 and December 31, 2022 (1,452) (1,452)
Accumulated other comprehensive loss (86,126) (74,761)
Total Stockholders' Equity 1,135,627 1,108,587
Total Liabilities and Stockholders' Equity $ 11,176,809 $ 10,783,840