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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Cash and cash equivalents    
Cash and due from banks $ 12,873 $ 5,382
Interest earning deposits at Federal Reserve Bank 329,992 596,402
Total cash and cash equivalents 342,865 601,784
Investment securities, available-for-sale, at fair value 826,616 953,709
Commercial loans, at fair value (includes $0 and $61.6 million of loans held for sale at lower of cost or fair value at June 30, 2022 and December 31, 2021, respectively) 995,493 1,388,416
Loans, net of deferred loan fees and costs [1] 4,754,697 3,747,224
Allowance for credit losses (19,087) (17,806)
Loans, net 4,735,610 3,729,418
Federal Home Loan Bank and Atlantic Central Bankers Bank stock 1,643 1,663
Premises and equipment, net 16,693 16,156
Accrued interest receivable 19,264 17,871
Intangible assets, net 2,248 2,447
Other real estate owned 18,873 18,873
Deferred tax asset, net 23,344 12,667
Assets held-for-sale from discontinued operations   3,268
Other assets 137,086 96,967
Total assets 7,119,735 6,843,239
Deposits    
Demand and interest checking 5,394,562 5,561,365
Savings and money market 486,189 415,546
Total deposits 5,880,751 5,976,911
Securities sold under agreements to repurchase 42 42
Short-term borrowings 385,000  
Senior debt 98,866 98,682
Subordinated debentures 13,401 13,401
Other long-term borrowings 39,125 39,521
Other liabilities 46,014 62,228
Total liabilities 6,463,199 6,190,785
SHAREHOLDERS' EQUITY    
Common stock - authorized, 75,000,000 shares of $1.00 par value; 56,865,494 and 57,370,563 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 56,865 57,371
Additional paid-in capital 323,774 349,686
Retained earnings 298,474 239,106
Accumulated other comprehensive (loss) income (22,577) 6,291
Total shareholders' equity 656,536 652,454
Total liabilities and shareholders' equity $ 7,119,735 $ 6,843,239
[1] The ending balance for loans in the unallocated column represents deferred costs and fees.