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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Cash and cash equivalents    
Cash and due from banks $ 19,928 $ 2,440
Interest earning deposits at Federal Reserve Bank 924,544 551,862
Total cash and cash equivalents 944,472 554,302
Investment securities, available-for-sale, at fair value 1,320,692 1,236,324
Investment securities, held-to-maturity (fair value $83,002 and $83,391, respectively) 84,387 84,432
Commercial loans held-for-sale, at fair value 1,180,546 688,471
Loans, net of deferred loan fees and costs 1,824,245 1,501,976
Allowance for loan and lease losses (10,238) (8,653)
Loans, net 1,814,007 1,493,323
Federal Home Loan Bank and Atlantic Central Bankers Bank stock 5,342 1,113
Premises and equipment, net 17,538 18,895
Accrued interest receivable 13,619 12,753
Intangible assets, net 2,315 3,846
Deferred tax asset, net 12,538 21,622
Investment in unconsolidated entity, at fair value 39,154 59,273
Assets held for sale from discontinued operations 140,657 197,831
Other assets 81,696 65,726
Total assets 5,656,963 4,437,911
Deposits    
Demand and interest checking 4,402,740 3,904,638
Savings and money market 174,290 31,076
Time deposits 475,000  
Total deposits 5,052,030 3,935,714
Securities sold under agreements to repurchase 82 93
Subordinated debentures 13,401 13,401
Long-term borrowings 40,991 41,674
Other liabilities 65,962 40,253
Total liabilities 5,172,466 4,031,135
SHAREHOLDERS' EQUITY    
Common stock - authorized, 75,000,000 shares of $1.00 par value; 56,940,521 and 56,446,088 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively 56,941 56,446
Treasury stock, at cost (100,000 shares) (866) (866)
Additional paid-in capital 371,633 366,181
Accumulated earnings (deficit) 50,742 (817)
Accumulated other comprehensive income (loss) 6,047 (14,168)
Total shareholders' equity 484,497 406,776
Total liabilities and shareholders' equity $ 5,656,963 $ 4,437,911