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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Cash and cash equivalents    
Cash and due from banks $ 13,610 $ 19,928
Interest earning deposits at Federal Reserve Bank 105,978 924,544
Total cash and cash equivalents 119,588 944,472
Investment securities, available-for-sale, at fair value 1,353,278 1,320,692
Investment securities, held-to-maturity (fair value $83,002 at December 31, 2019) 84,387
Commercial loans held-for-sale, at fair value 1,716,450 1,180,546
Loans, net of deferred loan fees and costs 1,985,755 1,824,245
Allowance for credit losses (14,883) (10,238)
Loans, net 1,970,872 1,814,007
Federal Home Loan Bank and Atlantic Central Bankers Bank stock 1,142 5,342
Premises and equipment, net 17,148 17,538
Accrued interest receivable 15,660 13,619
Intangible assets, net 2,857 2,315
Deferred tax asset, net 12,797 12,538
Investment in unconsolidated entity, at fair value 34,273 39,154
Assets held-for-sale from discontinued operations 134,118 140,657
Other assets 79,925 81,696
Total assets 5,458,108 5,656,963
Deposits    
Demand and interest checking 4,512,949 4,402,740
Savings and money market 178,174 174,290
Time deposits   475,000
Total deposits 4,691,123 5,052,030
Securities sold under agreements to repurchase 42 82
Short-term borrowings 140,000  
Subordinated debentures 13,401 13,401
Long-term borrowings 40,813 40,991
Other liabilities 74,625 65,962
Total liabilities 4,960,004 5,172,466
SHAREHOLDERS' EQUITY    
Common stock - authorized, 75,000,000 shares of $1.00 par value; 57,425,556 and 56,940,521 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 57,426 56,941
Treasury stock, at cost (100,000 shares) (866) (866)
Additional paid-in capital 372,984 371,633
Accumulated earnings 60,960 50,742
Accumulated other comprehensive income 7,600 6,047
Total shareholders' equity 498,104 484,497
Total liabilities and shareholders' equity $ 5,458,108 $ 5,656,963