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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Cash and cash equivalents    
Cash and due from banks $ 22,537 $ 5,382
Interest earning deposits at Federal Reserve Bank 700,175 596,402
Total cash and cash equivalents 722,712 601,784
Investment securities, available-for-sale, at fair value 790,594 953,709
Commercial loans, at fair value (includes $0 and $61.6 million of loans held for sale at lower of cost or fair value at September 30, 2022 and December 31, 2021, respectively) 818,040 1,388,416
Loans, net of deferred loan fees and costs [1] 5,267,375 3,747,224
Allowance for credit losses (19,689) (17,806)
Loans, net 5,247,686 3,729,418
Federal Home Loan Bank, Atlantic Central Bankers Bank, and Federal Reserve Bank stock 12,629 1,663
Premises and equipment, net 18,443 16,156
Accrued interest receivable 25,506 17,871
Intangible assets, net 2,149 2,447
Other real estate owned 18,873 18,873
Deferred tax asset, net 27,241 12,667
Assets held-for-sale from discontinued operations   3,268
Other assets 93,201 96,967
Total assets 7,777,074 6,843,239
Deposits    
Demand and interest checking 5,934,591 5,561,365
Savings and money market 575,381 415,546
Time deposits, $100,000 and over 401,331  
Total deposits 6,911,303 5,976,911
Securities sold under agreements to repurchase 42 42
Senior debt 98,958 98,682
Subordinated debentures 13,401 13,401
Other long-term borrowings 38,928 39,521
Other liabilities 50,704 62,228
Total liabilities 7,113,336 6,190,785
SHAREHOLDERS' EQUITY    
Common stock - authorized, 75,000,000 shares of $1.00 par value; 56,201,560 and 57,370,563 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 56,202 57,371
Additional paid-in capital 311,569 349,686
Retained earnings 329,078 239,106
Accumulated other comprehensive (loss) income (33,111) 6,291
Total shareholders' equity 663,738 652,454
Total liabilities and shareholders' equity $ 7,777,074 $ 6,843,239
[1] The ending balance for loans in the unallocated column represents deferred costs and fees.