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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Cash and cash equivalents    
Cash and due from banks $ 5,813 $ 4,127
Interest earning deposits at Federal Reserve Bank 328,023 955,733
Securities purchased under agreements to resell 65,095 39,199
Total cash and cash equivalents 398,931 999,059
Investment securities, available-for-sale, at fair value 1,196,956 1,248,614
Investment securities, held-to-maturity (fair value $85,099 and $91,799, respectively) 86,402 93,467
Commercial loans held for sale 380,272 663,140
Loans, net of deferred loan fees and costs 1,374,060 1,222,911
Allowance for loan and lease losses (7,283) (6,332)
Loans, net 1,366,777 1,216,579
Federal Home Loan Bank and Atlantic Central Bankers Bank stock 991 1,613
Premises and equipment, net 21,087 24,125
Accrued interest receivable 10,131 10,589
Intangible assets, net 5,185 6,906
Other real estate owned   104
Deferred tax asset, net 53,017 55,666
Investment in unconsolidated entity, at fair value 107,711 126,930
Assets held for sale from discontinued operations 314,994 360,711
Other assets 51,164 50,611
Total assets 3,993,618 4,858,114
Deposits    
Demand and interest checking 3,113,212 3,816,524
Savings and money market 452,183 421,780
Total deposits 3,565,395 4,238,304
Securities sold under agreements to repurchase 180 274
Subordinated debentures 13,401 13,401
Long-term borrowings 42,482 263,099
Other liabilities 32,699 44,073
Total liabilities 3,654,157 4,559,151
SHAREHOLDERS' EQUITY    
Common stock - authorized, 75,000,000 shares of $1.00 par value; 55,859,660 and 55,419,204 shares issued at September 30, 2017 and December 31, 2016, respectively 55,860 55,419
Treasury stock, at cost (100,000 shares) (866) (866)
Additional paid-in capital 362,340 360,564
Accumulated deficit (77,850) (111,941)
Accumulated other comprehensive loss (23) (4,213)
Total shareholders' equity 339,461 298,963
Total liabilities and shareholders' equity $ 3,993,618 $ 4,858,114