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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 35,238 $ 78,090
Interest earning deposits 482,794 615,264
Cash and cash equivalents 518,032 693,354
Investment securities, at fair value 3,817,150 1,210,285
Loans held for sale (includes $15,747 and $5,509, respectively, at fair value) 16,254 79,086
Loans receivable, mortgage warehouse, at fair value 2,284,325 3,616,432
Loans receivable, PPP 3,250,008 4,561,365
Loans and leases receivable 9,018,298 7,575,368
Allowance for credit losses on loans and leases (137,804) (144,176)
Total loans and leases receivable, net of allowance for credit losses on loans and leases 14,414,827 15,608,989
FHLB, Federal Reserve Bank, and other restricted stock 64,584 71,368
Accrued interest receivable 92,239 80,412
Bank premises and equipment, net 8,890 11,225
Bank-owned life insurance 333,705 280,067
Goodwill and other intangibles 3,736 3,969
Other assets 305,611 338,438
Assets of discontinued operations 0 62,055
Total assets 19,575,028 18,439,248
Deposits:    
Demand, non-interest bearing 4,459,790 2,356,998
Interest bearing 12,318,134 8,952,931
Total deposits 16,777,924 11,309,929
Federal funds purchased 75,000 250,000
FHLB advances 700,000 850,000
Other borrowings 223,086 124,037
Subordinated debt 181,673 181,394
FRB PPP Liquidity Facility 0 4,415,016
Accrued interest payable and other liabilities 251,128 152,082
Liabilities of discontinued operations 0 39,704
Total liabilities 18,208,811 17,322,162
Commitments and contingencies (NOTE 22)
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 December 31, 2021 and 2020; 5,700,000 and 9,000,000 shares outstanding as of December 31, 2021 and 2020 137,794 217,471
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 34,721,675 and 32,985,707 shares issued as of December 31, 2021 and 2020; 32,913,267 and 31,705,088 shares outstanding as of December 31, 2021 and 2020 34,722 32,986
Additional paid in capital 542,391 455,592
Retained earnings 705,732 438,581
Accumulated other comprehensive income (loss), net (4,980) (5,764)
Treasury stock, at cost (1,808,408 and 1,280,619 shares as of December 31, 2021 and 2020) (49,442) (21,780)
Total shareholders’ equity 1,366,217 1,117,086
Total liabilities and shareholders’ equity $ 19,575,028 $ 18,439,248