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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 32,483 $ 28,864
Overnight deposits 1,381,475 2,330,486
Total cash and cash equivalents 1,413,958 2,359,350
Investment securities available for sale, at fair value 505,728 566,624
Investment securities held to maturity (estimated fair value of $436.8 million and $380.1 million at March 31, 2022 and December 31, 2021, respectively) 467,893 382,099
Equity investment securities, at fair value 2,173 2,273
Total securities 975,794 950,996
Other investments 15,989 11,998
Loans, net of deferred fees and costs 4,121,443 3,731,929
Allowance for loan losses (38,134) (34,729)
Net loans 4,083,309 3,697,200
Receivable from global payments business, net 62,129 39,864
Accrued interest receivable 16,186 15,195
Premises and equipment, net 16,434 15,116
Prepaid expenses and other assets 33,408 16,906
Goodwill 9,733 9,733
Total assets 6,626,940 7,116,358
Deposits    
Noninterest-bearing demand deposits 3,176,048 3,668,673
Interest-bearing deposits 2,763,315 2,766,899
Total deposits 5,939,363 6,435,572
Trust preferred securities 20,620 20,620
Subordinated debt, net of issuance cost   24,712
Secured borrowing 32,322 32,461
Accounts payable, accrued expenses and other liabilities 50,216 36,411
Accrued interest payable 297 746
Prepaid third-party debit cardholder balances 24,092 8,847
Total liabilities 6,066,910 6,559,369
Stockholders' equity:    
Common stock, $0.01 par value, 25,000,000 shares authorized, 10,931,697 and 10,920,569 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 109 109
Additional paid in capital 383,327 382,999
Retained earnings 200,406 181,385
Accumulated other comprehensive income (loss), net of tax (23,812) (7,504)
Total stockholders' equity 560,030 556,989
Total liabilities and stockholders' equity $ 6,626,940 $ 7,116,358