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Consolidated Balance Sheet - Unaudited - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 36,837 $ 78,090
Interest earning deposits 393,663 615,264
Cash and cash equivalents 430,500 693,354
Investment securities, at fair value 1,526,792 1,210,285
Loans held for sale (includes $6,074 and $5,509, respectively, at fair value) 34,540 79,086
Loans receivable, mortgage warehouse, at fair value 2,855,284 3,616,432
Loans receivable, PPP 6,305,056 4,561,365
Loans and leases receivable 7,772,142 7,575,368
Allowance for credit losses on loans and leases (125,436) (144,176)
Total loans and leases receivable, net of allowance for credit losses on loans and leases 16,807,046 15,608,989
FHLB, Federal Reserve Bank, and other restricted stock 39,895 71,368
Accrued interest receivable 90,009 80,412
Bank premises and equipment, net 10,391 11,225
Bank-owned life insurance 329,421 280,067
Goodwill and other intangibles 3,853 3,969
Other assets 362,661 338,438
Assets of discontinued operations 0 62,055
Total assets 19,635,108 18,439,248
Deposits:    
Demand, non-interest bearing 2,699,869 2,356,998
Interest bearing 11,174,070 8,952,931
Total deposits 13,873,939 11,309,929
Federal funds purchased 0 250,000
FHLB advances 0 850,000
Other borrowings 124,240 124,037
Subordinated debt 181,534 181,394
FRB PPP liquidity facility 3,865,865 4,415,016
Accrued interest payable and other liabilities 338,801 152,082
Liabilities of discontinued operations 0 39,704
Total liabilities 18,384,379 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 June 30, 2021 and December 31, 2020 217,471 217,471
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 33,633,875 and 32,985,707 shares issued as of June 30, 2021 and December 31, 2020; 32,353,256 and 31,705,088 shares outstanding as of June 30, 2021 and December 31, 2020 33,634 32,986
Additional paid in capital 519,294 455,592
Retained earnings 496,844 438,581
Accumulated other comprehensive income (loss), net 5,266 (5,764)
Treasury stock, at cost (1,280,619 shares as of June 30, 2021 and December 31, 2020) (21,780) (21,780)
Total shareholders’ equity 1,250,729 1,117,086
Total liabilities and shareholders’ equity $ 19,635,108 $ 18,439,248