Overview Financials News + Filings Key Docs Charts Ownership Insiders
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In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
| 10-K | 10-K | 10-K | 10-K | S-1/A |
ASSETS | | | | | |
Cash and due from banks | 106.0 | 144.6 | 116.6 | 135.5 | |
Short-term investments | 7,230.9 | 9,598.4 | 1,937.5 | 227.1 | |
Cash and cash equivalents | 7,506.4 | 10,974.8 | 2,054.1 | 362.6 | |
Total securities | 7,167.4 | 8,511.2 | | | |
Loans held for sale | 4.5 | 1.2 | 1.1 | 0.0 | |
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Loans: | | | | | |
Total loans | 13,575.5 | 12,281.5 | 9,730.5 | 8,987.0 | |
Allowance for loan losses | -142.2 | -97.8 | | | |
Net loans | 13,420.3 | 12,157.3 | 9,594.0 | 8,899.2 | |
Federal Home Loan Bank stock, at cost | 41.4 | 10.9 | 8.8 | 9.0 | 18.0 |
Premises and equipment | 125.3 | 146.8 | 98.1 | 114.0 | |
Bank-owned life insurance | 160.8 | 157.1 | 78.6 | 77.5 | |
Goodwill and other intangibles, net | 661.1 | 649.7 | 376.5 | 377.7 | |
Deferred income taxes, net | 331.6 | 76.5 | 13.2 | 28.2 | |
Prepaid expenses | 165.9 | 179.3 | 148.7 | 61.3 | |
Other assets | 461.6 | 456.1 | 456.0 | 246.5 | |
Total assets | 22,646.9 | 23,512.1 | 15,964.2 | 11,628.8 | |
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LIABILITIES AND EQUITY | | | | | |
Deposits: | | | | | |
Demand | 6,240.6 | 7,020.9 | 4,910.8 | 3,517.4 | |
Interest checking accounts | 4,568.1 | 4,478.6 | 2,380.5 | 1,814.3 | |
Savings accounts | 1,831.1 | 2,077.5 | 1,256.7 | 971.1 | |
Money market investment | 4,710.1 | 5,525.0 | 3,348.9 | 2,919.4 | |
Certificates of deposit | 3,200.0 | 526.4 | 258.9 | 329.1 | |
Total deposits | 18,974.4 | 19,628.3 | 12,155.8 | 9,551.4 | |
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Borrowed funds: | | | | | |
Short-term Federal Home Loan Bank advances | 691.3 | 0.0 | | | |
Escrow deposits of borrowers | 22.3 | 20.3 | 13.4 | 15.3 | |
Interest rate swap collateral funds | 14.4 | | | | |
Long-term Federal Home Loan Bank advances | 12.8 | 14.0 | | | |
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Total borrowed funds | | | | | |
Other liabilities | 459.9 | 443.2 | 352.3 | 241.8 | |
Total liabilities | 20,175.1 | 20,105.8 | 12,536.1 | 10,028.6 | |
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Commitments and contingencies (see footnote 13) | | | | | |
Shareholders’ equity | | | | | |
Common shares | 1.8 | 1.9 | 1.9 | | |
Additional paid in capital | 1,649.1 | 1,835.2 | 1,854.1 | | |
Unallocated common shares held by the Employee Stock Ownership Plan | -137.7 | -142.7 | -147.7 | | |
Retained earnings | 1,881.8 | 1,768.7 | 1,665.6 | 1,644.0 | |
Accumulated other comprehensive income, net of tax | -923.2 | -56.7 | 54.2 | -43.8 | |
Total shareholders’ equity | 2,471.8 | 3,406.4 | 3,428.1 | 1,600.2 | |
Total liabilities and shareholders’ equity | 22,646.9 | 23,512.1 | 15,964.2 | 11,628.8 | |
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