XML 14 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Balance Sheet - Unaudited - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 5,822 $ 33,095
Interest earning deposits 325,594 179,410
Cash and cash equivalents 331,416 212,505
Investment securities, at fair value 1,133,831 595,876
Loans held for sale (includes $6,998 and $2,130, respectively, at fair value) 26,689 486,328
Loans receivable, mortgage warehouse, at fair value 3,913,593 2,245,758
Loans receivable, PPP 4,964,105 0
Loans and leases receivable 7,700,892 7,318,988
Allowance for credit losses on loans and leases (155,561) (56,379)
Total loans and leases receivable, net of allowance for credit losses 16,423,029 9,508,367
FHLB, Federal Reserve Bank, and other restricted stock 70,387 84,214
Accrued interest receivable 65,668 38,072
Bank premises and equipment, net 11,744 9,389
Bank-owned life insurance 277,826 272,546
Other real estate owned 131 173
Goodwill and other intangibles 14,437 15,195
Other assets 423,569 298,052
Total assets 18,778,727 11,520,717
Deposits:    
Demand, non-interest bearing 2,327,017 1,343,391
Interest bearing 8,512,060 7,305,545
Total deposits 10,839,077 8,648,936
FRB advances 4,811,009  
Federal funds purchased 680,000 538,000
FHLB advances 850,000 850,000
Other borrowings 123,935 123,630
Subordinated debt 181,324 181,115
FRB PPP liquidity facility 4,811,009 0
Accrued interest payable and other liabilities 241,891 126,241
Total liabilities 17,727,236 10,467,922
Commitments and contingencies (NOTE 15)
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 September 30, 2020 and December 31, 2019 217,471 217,471
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 32,835,743 and 32,617,410 shares issued as of September 30, 2020 and December 31, 2019; 31,555,124 and 31,336,791 shares outstanding as of September 30, 2020 and December 31, 2019 32,836 32,617
Additional paid in capital 452,965 444,218
Retained earnings 385,750 381,519
Accumulated other comprehensive loss, net (15,751) (1,250)
Treasury stock, at cost (1,280,619 shares as of September 30, 2020 and December 31, 2019) (21,780) (21,780)
Total shareholders’ equity 1,051,491 1,052,795
Total liabilities and shareholders’ equity $ 18,778,727 $ 11,520,717