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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 17,696 $ 20,388
Interest earning deposits 44,439 125,935
Cash and cash equivalents 62,135 146,323
Investment securities available for sale, at fair value 665,012 471,371
Loans held for sale (includes $1,507 and $1,886, respectively, at fair value) 1,507 146,077
Loans receivable, mortgage warehouse, at fair value 1,405,420 1,793,408
Loans receivable 7,138,074 6,768,258
Allowance for loan losses (39,972) (38,015)
Total loans receivable, net of allowance for loan losses 8,503,522 8,523,651
FHLB, Federal Reserve Bank, and other restricted stock 89,685 105,918
Accrued interest receivable 32,955 27,021
Bank premises and equipment, net 11,063 11,955
Bank-owned life insurance 264,559 257,720
Other real estate owned 816 1,726
Goodwill and other intangibles 16,499 16,295
Other assets 185,672 131,498
Total assets 9,833,425 9,839,555
Deposits:    
Demand, non-interest bearing 1,122,171 1,052,115
Interest bearing 6,020,065 5,748,027
Total deposits 7,142,236 6,800,142
Federal funds purchased 187,000 155,000
FHLB advances 1,248,070 1,611,860
Other borrowings 123,871 186,497
Subordinated debt 108,977 108,880
Accrued interest payable and other liabilities 66,455 56,212
Total liabilities 8,876,609 8,918,591
Commitments and contingencies (NOTE 16)
Shareholders’ equity:    
Preferred stock, par value $1.00 per share; liquidation preference $25.00 per share; 100,000,000 shares authorized, 9,000,000 shares issued and outstanding as of December 31, 2018 and 2017 217,471 217,471
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 32,252,488 and 31,912,763 shares issued as of December 31, 2018 and 2017; 31,003,028 and 31,382,503 shares outstanding as of December 31, 2018 and 2017 32,252 31,913
Additional paid in capital 434,314 422,096
Retained earnings 316,651 258,076
Accumulated other comprehensive loss, net (22,663) (359)
Treasury stock, at cost (1,249,460 and 530,260 shares as of December 31, 2018 and 2017) (21,209) (8,233)
Total shareholders’ equity 956,816 920,964
Total liabilities and shareholders’ equity $ 9,833,425 $ 9,839,555