XML 15 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Cash and cash equivalents    
Cash and due from banks $ 4,061 $ 7,643
Interest earning deposits at Federal Reserve Bank 312,605 1,147,519
Securities purchased under agreements to resell 39,463  
Total cash and cash equivalents 356,129 1,155,162
Investment securities, available-for-sale, at fair value 1,334,927 1,070,098
Investment securities, held-to-maturity (fair value $91,787 and $91,599, respectively) 93,495 93,590
Commercial loans held for sale 562,957 489,938
Loans, net of deferred loan fees and costs 1,198,237 1,078,077
Allowance for loan and lease losses (6,058) (4,400)
Loans, net 1,192,179 1,073,677
Federal Home Loan Bank and Atlantic Central Bankers Bank stock 11,014 1,062
Premises and equipment, net 21,797 21,631
Accrued interest receivable 10,496 9,471
Intangible assets, net 5,682 4,929
Deferred tax asset, net 29,765 36,207
Investment in unconsolidated entity, at fair value 157,396 178,520
Assets held for sale from discontinued operations 386,155 583,909
Other assets 55,519 47,629
Total assets 4,217,511 4,765,823
Deposits    
Demand and interest checking 3,364,103 3,602,376
Savings and money market 402,832 383,832
Time deposits   428,549
Total deposits 3,766,935 4,414,757
Securities sold under agreements to repurchase 353 925
Short-term borrowings 70,000  
Subordinated debenture 13,401 13,401
Other liabilities 27,744 16,739
Total liabilities 3,878,433 4,445,822
SHAREHOLDERS' EQUITY    
Common stock - authorized, 75,000,000 shares of $1.00 par value; 55,419,204 and 37,861,218 shares issued at September 30, 2016 and December 31, 2015, respectively 55,419 37,861
Treasury stock, at cost (100,000 shares) (866) (866)
Additional paid-in capital 359,793 300,549
Accumulated deficit (83,169) (15,449)
Accumulated other comprehensive income (loss) 7,901 (2,094)
Total shareholders' equity 339,078 320,001
Total liabilities and shareholders' equity $ 4,217,511 $ 4,765,823