XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Cash and cash equivalents    
Cash and due from banks $ 2,245 $ 3,152
Interest earning deposits at Federal Reserve Bank 710,816 841,471
Securities purchased under agreements to resell 64,518 64,312
Total cash and cash equivalents 777,579 908,935
Investment securities, available-for-sale, at fair value 1,274,417 1,294,484
Investment securities, held-to-maturity (fair value $83,751 and $85,345, respectively) 84,433 86,380
Commercial loans held for sale, at fair value 308,470 503,316
Loans, net of deferred loan fees and costs 1,496,773 1,392,228
Allowance for loan and lease losses (8,092) (7,096)
Loans, net 1,488,681 1,385,132
Federal Home Loan Bank and Atlantic Central Bankers Bank stock 1,113 991
Premises and equipment, net 17,686 20,051
Accrued interest receivable 11,621 10,900
Intangible assets, net 4,229 5,377
Other real estate owned 405 450
Deferred tax asset, net 40,991 34,802
Investment in unconsolidated entity, at fair value 64,212 74,473
Assets held for sale from discontinued operations 226,026 304,313
Other assets 60,337 78,543
Total assets 4,360,200 4,708,147
Deposits    
Demand and interest checking 3,540,605 3,806,965
Savings and money market 317,453 453,877
Total deposits 3,858,058 4,260,842
Securities sold under agreements to repurchase 158 217
Subordinated debentures 13,401 13,401
Long-term borrowings 41,841 42,323
Other liabilities 54,868 67,215
Total liabilities 3,968,326 4,383,998
SHAREHOLDERS' EQUITY    
Common stock - authorized, 75,000,000 shares of $1.00 par value; 56,446,088 and 55,861,150 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively 56,446 55,861
Treasury stock, at cost (100,000 shares) (866) (866)
Additional paid-in capital 365,749 363,196
Accumulated deficit (7,936) (89,485)
Accumulated other comprehensive loss (21,519) (4,557)
Total shareholders' equity 391,874 324,149
Total liabilities and shareholders' equity $ 4,360,200 $ 4,708,147