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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 58,025 $ 35,238
Interest earning deposits 397,781 482,794
Cash and cash equivalents 455,806 518,032
Investment securities, at fair value (includes allowance for credit losses of $578 at December 31, 2022) 2,987,500 3,817,150
Investment securities held to maturity 840,259 0
Loans held for sale (includes $322 and $15,747, respectively, at fair value) 328,312 16,254
Loans receivable, mortgage warehouse, at fair value 1,323,312 2,284,325
Loans receivable, PPP 998,153 3,250,008
Loans and leases receivable 13,144,894 9,018,298
Allowance for credit losses on loans and leases (130,924) (137,804)
Total loans and leases receivable, net of allowance for credit losses on loans and leases 15,335,435 14,414,827
FHLB, Federal Reserve Bank, and other restricted stock 74,196 64,584
Accrued interest receivable 123,374 92,239
Bank premises and equipment, net 9,025 8,890
Bank-owned life insurance 338,441 333,705
Goodwill and other intangibles 3,629 3,736
Other assets 400,135 305,611
Total assets 20,896,112 19,575,028
Deposits:    
Demand, non-interest bearing 1,885,045 4,459,790
Interest bearing 16,271,908 12,318,134
Total deposits 18,156,953 16,777,924
Federal funds purchased 0 75,000
FHLB advances 800,000 700,000
Other borrowings 123,580 223,086
Subordinated debt 181,952 181,673
Accrued interest payable and other liabilities 230,666 251,128
Total liabilities 19,493,151 18,208,811
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 shares issued and outstanding as of December 31, 2022 and 2021 137,794 137,794
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 35,012,250 and 34,721,675 shares issued as of December 31, 2022 and 2021; 32,373,697 and 32,913,267 shares outstanding as of December 31, 2022 and 2021 35,012 34,722
Additional paid in capital 551,721 542,391
Retained earnings 924,134 705,732
Accumulated other comprehensive income (loss), net (163,096) (4,980)
Treasury stock, at cost (2,638,553 and 1,808,408 shares as of December 31, 2022 and 2021) (82,604) (49,442)
Total shareholders’ equity 1,402,961 1,366,217
Total liabilities and shareholders’ equity $ 20,896,112 $ 19,575,028