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Consolidated Balance Sheet - Unaudited - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 66,703 $ 35,238
Interest earning deposits 178,475 482,794
Cash and cash equivalents 245,178 518,032
Investment securities, at fair value (includes allowance for credit losses of $411 at June 30, 2022) 3,144,882 3,817,150
Investment securities held to maturity 495,039 0
Loans held for sale (includes $1,952 and $15,747, respectively, at fair value) 6,595 16,254
Loans receivable, mortgage warehouse, at fair value 1,874,603 2,284,325
Loans receivable, PPP 1,570,160 3,250,008
Loans and leases receivable 12,212,995 9,018,298
Allowance for credit losses on loans and leases (156,530) (137,804)
Total loans and leases receivable, net of allowance for credit losses on loans and leases 15,501,228 14,414,827
FHLB, Federal Reserve Bank, and other restricted stock 74,626 64,584
Accrued interest receivable 98,727 92,239
Bank premises and equipment, net 6,755 8,890
Bank-owned life insurance 335,153 333,705
Goodwill and other intangibles 3,629 3,736
Other assets 340,184 305,611
Total assets 20,251,996 19,575,028
Deposits:    
Demand, non-interest bearing 4,683,030 4,459,790
Interest bearing 12,261,689 12,318,134
Total deposits 16,944,719 16,777,924
Federal funds purchased 770,000 75,000
FHLB advances 635,000 700,000
Other borrowings 123,450 223,086
Subordinated debt 181,812 181,673
Accrued interest payable and other liabilities 243,625 251,128
Total liabilities 18,898,606 18,208,811
Commitments and contingencies (NOTE 16)
Shareholders’ equity:    
Preferred stock, par value $1.00 per share; liquidation preference $25.00 per share; 100,000,000 shares authorized, 5,700,000 shares issued and outstanding as of June 30, 2022 and December 31, 2021 137,794 137,794
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 34,922,039 and 34,721,675 shares issued as of June 30, 2022 and December 31, 2021; 32,449,486 and 32,913,267 shares outstanding as of June 30, 2022 and December 31, 2021 34,922 34,722
Additional paid in capital 545,670 542,391
Retained earnings 837,147 705,732
Accumulated other comprehensive income (loss), net (124,881) (4,980)
Treasury stock, at cost (2,472,553 and 1,808,408 shares as of June 30, 2022 and December 31, 2021) (77,262) (49,442)
Total shareholders’ equity 1,353,390 1,366,217
Total liabilities and shareholders’ equity $ 20,251,996 $ 19,575,028