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Consolidated Balance Sheets - (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and due from banks $ 9,112 $ 7,765
Interest earning deposits 148,398 65,805
Cash and cash equivalents 157,510 73,570
Investment securities available for sale, at fair value 130,705 79,137
Investment securities held to maturity (fair value 2011 $330,809) 0 319,547
Loans held for sale (including $1,063,666 of mortgage warehouse loans at fair value in 2012) 1,187,885 174,999
Loans receivable not covered under Loss Sharing Agreements with the FDIC 976,134 1,215,117
Loans receivable covered under Loss Sharing Agreements with the FDIC 110,965 126,276
Less: Allowance for loan losses (24,974) (15,032)
Total loans receivable, net 1,062,125 1,326,361
FDIC loss sharing receivable 12,306 13,077
Bank premises and equipment, net 9,708 8,448
Bank-owned life insurance 40,303 29,268
Other real estate owned (2012 $7,107; 2011 $6,166 covered under Loss Sharing Agreements with the FDIC) 10,699 11,814
Goodwill and other intangibles 3,697 3,705
Restricted stock 22,581 21,818
Accrued interest receivable and other assets 16,572 15,788
Total assets 2,654,091 2,077,532
Deposits:    
Demand, non-interest bearing 213,229 114,044
Interest bearing 2,134,955 1,469,145
Total deposits 2,348,184 1,583,189
Federal funds purchased 0 5,000
Other borrowings 36,000 331,000
Subordinated debt 2,000 2,000
Accrued interest payable and other liabilities 6,405 8,595
Total liabilities 2,392,589 1,929,784
Shareholders' equity:    
Preferred stock, par value $1,000 per share; 100,000,000 shares authorized; none issued 0 0
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 18,507,121 shares issued and 18,459,502 outstanding at September 30, 2012 and 11,395,302 share issued and 11,347,683 outstanding at December 31, 2011 18,507 11,395
Additional paid in capital 211,868 122,602
Retained earnings 30,748 14,496
Accumulated other comprehensive gain (loss) 879 (245)
Less: cost of treasury stock; 47,619 shares at September 30,2012 and December 31, 2011 (500) (500)
Total shareholders' equity 261,502 147,748
Total liabilities and shareholders' equity $ 2,654,091 $ 2,077,532