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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Cash and cash equivalents    
Cash and due from banks $ 6,220 $ 19,928
Interest earning deposits at Federal Reserve Bank 294,758 924,544
Total cash and cash equivalents 300,978 944,472
Investment securities, available-for-sale, at fair value 1,264,903 1,320,692
Investment securities, held-to-maturity (fair value $83,002 at December 31, 2019)   84,387
Commercial loans, at fair value (held-for-sale at December 31, 2019) 1,849,947 1,180,546
Loans, net of deferred loan fees and costs 2,488,760 1,824,245
Allowance for credit losses (15,727) (10,238)
Loans, net 2,473,033 1,814,007
Federal Home Loan Bank and Atlantic Central Bankers Bank stock 1,368 5,342
Premises and equipment, net 15,849 17,538
Accrued interest receivable 18,852 13,619
Intangible assets, net 2,563 2,315
Deferred tax asset, net 7,952 12,538
Investment in unconsolidated entity, at fair value 31,783 39,154
Assets held-for-sale from discontinued operations 122,253 140,657
Other assets 79,821 81,696
Total assets 6,169,302 5,656,963
Deposits    
Demand and interest checking 4,882,834 4,402,740
Savings and money market 505,928 174,290
Time deposits   475,000
Total deposits 5,388,762 5,052,030
Securities sold under agreements to repurchase 42 82
Senior debt 98,222  
Subordinated debentures 13,401 13,401
Other long-term borrowings 40,462 40,991
Other liabilities 69,954 65,962
Total liabilities 5,610,843 5,172,466
SHAREHOLDERS' EQUITY    
Common stock - authorized, 75,000,000 shares of $1.00 par value; 57,590,874 and 56,940,521 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 57,591 56,941
Treasury stock, at cost (100,000 shares) (866) (866)
Additional paid-in capital 376,751 371,633
Retained earnings 104,282 50,742
Accumulated other comprehensive income 20,701 6,047
Total shareholders' equity 558,459 484,497
Total liabilities and shareholders' equity $ 6,169,302 $ 5,656,963