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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Cash and cash equivalents    
Cash and due from banks $ 7,643 $ 8,665
Interest earning deposits at Federal Reserve Bank 1,147,519 1,059,320
Securities purchased under agreements to resell   46,250
Total cash and cash equivalents 1,155,162 1,114,235
Investment securities, available-for-sale, at fair value 1,070,098 1,493,639
Investment securities, held-to-maturity (fair value $91,599 and $91,914, respectively) 93,590 93,765
Commercial loans held for sale 489,938 217,080
Loans, net of deferred loan fees and costs 1,078,077 874,593
Allowance for loan and lease losses (4,400) (3,638)
Loans, net 1,073,677 870,955
Federal Home Loan and Atlantic Central Bankers Bank stock 1,062 1,002
Premises and equipment, net 21,631 17,697
Accrued interest receivable 9,471 11,251
Intangible assets, net 4,929 6,228
Deferred tax asset, net 36,207 33,673
Investment in unconsolidated entity, at fair value 178,520 193,595
Assets held for sale from discontinued operations 583,909 887,929
Other assets 47,629 45,268
Total assets 4,765,823 4,986,317
Deposits    
Demand and interest checking 3,602,376 4,289,586
Savings and money market 383,832 330,798
Time deposits $ 428,549 $ 1,400
Time deposits, $100,000 and over
Total deposits $ 4,414,757 $ 4,621,784
Securities sold under agreements to repurchase 925 19,414
Subordinated debenture 13,401 13,401
Other liabilities 16,739 12,695
Total liabilities 4,445,822 4,667,294
SHAREHOLDERS' EQUITY    
Common stock - authorized, 50,000,000 shares of $1.00 par value; 37,861,218 and 37,808,777 shares issued at December 31, 2015 and December 31, 2014, respectively 37,861 37,809
Treasury stock, at cost (100,000 shares) (866) (866)
Additional paid-in capital 300,549 297,987
Accumulated deficit (15,449) (28,242)
Accumulated other comprehensive income (loss) (2,094) 12,335
Total shareholders' equity 320,001 319,023
Total liabilities and shareholders' equity $ 4,765,823 $ 4,986,317