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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 33,143 $ 28,864
Overnight deposits 1,308,738 2,330,486
Total cash and cash equivalents 1,341,881 2,359,350
Investment securities available for sale, at fair value 465,661 566,624
Investment securities held to maturity (estimated fair value of $486.0 million and $380.1 million at June 30, 2022 and December 31, 2021, respectively) 530,740 382,099
Equity investment securities, at fair value 2,107 2,273
Total securities 998,508 950,996
Other investments 17,357 11,998
Loans, net of deferred fees and costs 4,375,165 3,731,929
Allowance for loan losses (40,534) (34,729)
Net loans 4,334,631 3,697,200
Receivable from global payments business, net 68,214 39,864
Accrued interest receivable 18,203 15,195
Premises and equipment, net 17,933 15,116
Prepaid expenses and other assets 60,582 16,906
Goodwill 9,733 9,733
Total assets 6,867,042 7,116,358
Deposits    
Noninterest-bearing demand deposits 3,470,325 3,668,673
Interest-bearing deposits 2,708,075 2,766,899
Total deposits 6,178,400 6,435,572
Trust preferred securities 20,620 20,620
Subordinated debt, net of issuance cost   24,712
Secured borrowing 32,044 32,461
Accounts payable, accrued expenses and other liabilities 37,774 36,411
Accrued interest payable 367 746
Prepaid third-party debit cardholder balances 23,531 8,847
Total liabilities 6,292,736 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 June 30, 2022 and December 31, 2021, respectively 109 109
Additional paid in capital 385,369 382,999
Retained earnings 223,595 181,385
Accumulated other comprehensive income (loss), net of tax (34,767) (7,504)
Total stockholders' equity 574,306 556,989
Total liabilities and stockholders' equity $ 6,867,042 $ 7,116,358