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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 78,090 $ 33,095
Interest earning deposits 615,264 179,410
Cash and cash equivalents 693,354 212,505
Investment securities, at fair value 1,210,285 595,876
Loans held for sale (includes $5,509 and $2,130, respectively, at fair value) 79,086 486,328
Loans receivable, mortgage warehouse, at fair value 3,616,432 2,245,758
Loans receivable, PPP 4,561,365 0
Loans and leases receivable 7,575,368 7,318,988
Allowance for credit losses on loans and leases (144,176) (56,379)
Total loans and leases receivable, net of allowance for credit losses on loans and leases 15,608,989 9,508,367
FHLB, Federal Reserve Bank, and other restricted stock 71,368 84,214
Accrued interest receivable 80,412 38,072
Bank premises and equipment, net 11,626 9,389
Bank-owned life insurance 280,067 272,546
Other real estate owned 57 173
Goodwill and other intangibles 14,298 15,195
Other assets 389,706 298,052
Total assets 18,439,248 11,520,717
Deposits:    
Demand, non-interest bearing 2,356,998 1,343,391
Interest bearing 8,952,931 7,305,545
Total deposits 11,309,929 8,648,936
Federal funds purchased 250,000 538,000
FHLB advances 850,000 850,000
Other borrowings 124,037 123,630
Subordinated debt 181,394 181,115
FRB PPP Liquidity Facility 4,415,016 0
Accrued interest payable and other liabilities 191,786 126,241
Total liabilities 17,322,162 10,467,922
Commitments and contingencies (NOTE 21)
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, 2020 and 2019 217,471 217,471
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 32,985,707 and 32,617,410 shares issued as of December 31, 2020 and 2019; 31,705,088 and 31,336,791 shares outstanding as of December 31, 2020 and 2019 32,986 32,617
Additional paid in capital 455,592 444,218
Retained earnings 438,581 381,519
Accumulated other comprehensive loss, net (5,764) (1,250)
Treasury stock, at cost (1,280,619 shares as of December 31, 2020 and 2019) (21,780) (21,780)
Total shareholders’ equity 1,117,086 1,052,795
Total liabilities and shareholders’ equity $ 18,439,248 $ 11,520,717