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Consolidated Balance Sheet - Unaudited - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 51,169 $ 78,090
Interest earning deposits 1,000,885 615,264
Cash and cash equivalents 1,052,054 693,354
Investment securities, at fair value 1,866,697 1,210,285
Loans held for sale (includes $12,159 and $5,509, respectively, at fair value) 29,957 79,086
Loans receivable, mortgage warehouse, at fair value 2,557,624 3,616,432
Loans receivable, PPP 4,957,357 4,561,365
Loans and leases receivable 7,970,599 7,575,368
Allowance for credit losses on loans and leases (131,496) (144,176)
Total loans and leases receivable, net of allowance for credit losses on loans and leases 15,354,084 15,608,989
FHLB, Federal Reserve Bank, and other restricted stock 57,184 71,368
Accrued interest receivable 93,514 80,412
Bank premises and equipment, net 9,944 11,225
Bank-owned life insurance 331,423 280,067
Goodwill and other intangibles 3,794 3,969
Other assets 310,271 338,438
Assets of discontinued operations 0 62,055
Total assets 19,108,922 18,439,248
Deposits:    
Demand, non-interest bearing 4,954,331 2,356,998
Interest bearing 12,016,694 8,952,931
Total deposits 16,971,025 11,309,929
Federal funds purchased 0 250,000
FHLB advances 0 850,000
Other borrowings 223,151 124,037
Subordinated debt 181,603 181,394
FRB PPP liquidity facility 0 4,415,016
Accrued interest payable and other liabilities 448,844 152,082
Liabilities of discontinued operations 0 39,704
Total liabilities 17,824,623 17,322,162
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, 5,700,000 and 9,000,000 shares issued as of September 30, 2021 and December 31, 2020; 5,700,000 and 9,000,000 shares outstanding as of September 30, 2021 and December 31, 2020; 137,794 217,471
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 33,818,595 and 32,985,707 shares issued as of September 30, 2021 and December 31, 2020; 32,537,976 and 31,705,088 shares outstanding as of September 30, 2021 and December 31, 2020 33,818 32,986
Additional paid in capital 525,894 455,592
Retained earnings 607,085 438,581
Accumulated other comprehensive income (loss), net 1,488 (5,764)
Treasury stock, at cost (1,280,619 shares as of September 30, 2021 and December 31, 2020) (21,780) (21,780)
Total shareholders’ equity 1,284,299 1,117,086
Total liabilities and shareholders’ equity $ 19,108,922 $ 18,439,248