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Consolidated Balance Sheet - Unaudited - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 3,123 $ 78,090
Interest earning deposits 512,241 615,264
Cash and cash equivalents 515,364 693,354
Investment securities, at fair value 1,441,904 1,210,285
Loans held for sale (includes $1,205 and $5,509, respectively, at fair value) 46,106 79,086
Loans receivable, mortgage warehouse, at fair value 3,407,622 3,616,432
Loans receivable, PPP 5,178,089 4,561,365
Loans and leases receivable 7,536,489 7,575,368
Allowance for credit losses on loans and leases (128,736) (144,176)
Total loans and leases receivable, net of allowance for credit losses on loans and leases 15,993,464 15,608,989
FHLB, Federal Reserve Bank, and other restricted stock 69,420 71,368
Accrued interest receivable 83,186 80,412
Bank premises and equipment, net 10,943 11,225
Bank-owned life insurance 281,923 280,067
Goodwill and other intangibles 3,911 3,969
Other assets 371,439 338,438
Assets of discontinued operations 0 62,055
Total assets 18,817,660 18,439,248
Deposits:    
Demand, non-interest bearing 2,687,628 2,356,998
Interest bearing 9,784,812 8,952,931
Total deposits 12,472,440 11,309,929
Federal funds purchased 365,000 250,000
FHLB advances 850,000 850,000
Other borrowings 124,138 124,037
Subordinated debt 181,464 181,394
FRB PPP liquidity facility 3,284,156 4,415,016
Accrued interest payable and other liabilities 351,741 152,082
Liabilities of discontinued operations 0 39,704
Total liabilities 17,628,939 17,322,162
Commitments and contingencies (NOTE 14)
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 March 31, 2021 and December 31, 2020 217,471 217,471
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 33,519,381 and 32,985,707 shares issued as of March 31, 2021 and December 31, 2020; 32,238,762 and 31,705,088 shares outstanding as of March 31, 2021 and December 31, 2020 33,519 32,986
Additional paid in capital 515,318 455,592
Retained earnings 438,802 438,581
Accumulated other comprehensive income (loss), net 5,391 (5,764)
Treasury stock, at cost (1,280,619 shares as of March 31, 2021 and December 31, 2020) (21,780) (21,780)
Total shareholders’ equity 1,188,721 1,117,086
Total liabilities and shareholders’ equity $ 18,817,660 $ 18,439,248