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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Cash and cash equivalents    
Cash and due from banks $ 5,094 $ 19,928
Interest earning deposits at Federal Reserve Bank 475,627 924,544
Total cash and cash equivalents 480,721 944,472
Investment securities, available-for-sale, at fair value 1,324,447 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 1,807,630 1,180,546
Loans, net of deferred loan fees and costs 2,322,737 1,824,245
Allowance for credit losses (14,625) (10,238)
Loans, net 2,308,112 1,814,007
Federal Home Loan Bank and Atlantic Central Bankers Bank stock 1,368 5,342
Premises and equipment, net 16,701 17,538
Accrued interest receivable 18,897 13,619
Intangible assets, net 2,710 2,315
Deferred tax asset, net 7,921 12,538
Investment in unconsolidated entity, at fair value 34,064 39,154
Assets held-for-sale from discontinued operations 128,463 140,657
Other assets 83,003 81,696
Total assets 6,214,037 5,656,963
Deposits    
Demand and interest checking 5,089,741 4,402,740
Savings and money market 455,458 174,290
Time deposits   475,000
Total deposits 5,545,199 5,052,030
Securities sold under agreements to repurchase 42 82
Subordinated debentures 13,401 13,401
Long-term borrowings 40,639 40,991
Other liabilities 81,677 65,962
Total liabilities 5,680,958 5,172,466
SHAREHOLDERS' EQUITY    
Common stock - authorized, 75,000,000 shares of $1.00 par value; 57,555,308 and 56,940,521 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 57,555 56,941
Treasury stock, at cost (100,000 shares) (866) (866)
Additional paid-in capital 374,578 371,633
Retained earnings 81,028 50,742
Accumulated other comprehensive income 20,784 6,047
Total shareholders' equity 533,079 484,497
Total liabilities and shareholders' equity $ 6,214,037 $ 5,656,963