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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Loans receivable $ 317,189 $ 308,945 $ 918,294 $ 899,786
Investment securities 15,086 12,690 42,489 38,459
Federal Home Loan Bank stock 658 376 1,785 1,128
Deposits with banks 12,219 12,184 32,947 37,135
Total interest and dividend income 345,152 334,195 995,515 976,508
Interest Expense        
Time deposits 83,001 93,087 248,054 283,517
Other deposits 47,869 46,300 131,805 133,104
Advances from Federal Home Loan Bank 384 3,075 2,851 5,721
Long-term debt 1,808 2,043 5,478 6,092
Short-term debt 212 103 384 627
Total interest expense 133,274 144,608 388,572 429,061
Net interest income before provision for credit losses 211,878 189,587 606,943 547,447
Provision for credit losses 28,600 28,731 58,033 55,431
Net interest income after provision for credit losses 183,278 160,856 548,910 492,016
Non-Interest Income        
Net gains/(losses) from equity securities 36,053 3,263 65,021 (2,318)
Net loss on investment securities (15,084) 0 (41,323) 0
Letters of credit commissions 2,093 2,256 6,830 6,467
Other operating income 10,979 7,272 26,570 20,455
Total non-interest income 42,770 21,021 84,834 47,616
Non-Interest Expense        
Salaries and employee benefits 48,233 43,462 140,477 129,012
Occupancy expense 6,171 6,104 17,799 17,791
Computer and equipment expense 7,211 5,760 19,432 16,974
Professional services expense 7,842 7,360 23,062 23,696
Data processing service expense 4,136 3,991 11,802 13,028
FDIC and regulatory assessments 2,896 2,783 8,335 9,359
Marketing expense 1,683 1,494 5,018 4,485
Other real estate owned expense/(income) 442 (1,078) 2,370 (1,211)
Amortization of investments in low-income housing and alternative energy partnerships 6,467 12,149 23,080 32,382
Amortization of core deposit intangibles 218 229 653 729
Other operating expense 18,077 5,863 30,344 16,662
Total non-interest expense 103,376 88,117 282,372 262,907
Income before income tax expense 122,672 93,760 351,372 276,725
Income tax expense 27,498 16,109 77,103 52,118
Net income 95,174 77,651 274,269 224,607
Other Comprehensive Income, net of tax        
Net holding (losses)/gains on securities available-for-sale (10,182) 9,524 5,904 25,909
Total comprehensive income $ 84,992 $ 87,175 $ 280,173 $ 250,516
Net Income Per Common Share:        
Basic (in dollars per share) $ 1.43 $ 1.13 $ 4.1 $ 3.22
Diluted (in dollars per share) 1.43 1.13 4.09 3.21
Cash dividends paid per common share (in dollars per share) $ 0.38 $ 0.34 $ 1.14 $ 1.02
Average Common Shares Outstanding:        
Basic (in shares) 66,499,705 68,727,390 66,832,009 69,692,964
Diluted (in shares) 66,761,397 68,990,648 67,131,370 69,946,877
Deposit Account [Member]        
Non-Interest Income        
Non-Interest Income $ 2,106 $ 2,011 $ 6,091 $ 5,688
Asset Management [Member]        
Non-Interest Income        
Non-Interest Income $ 6,623 $ 6,219 $ 21,645 $ 17,324