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Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and due from banks $ 12,908 $ 7,765
Interest earning deposits 173,108 65,805
Cash and cash equivalents 186,016 73,570
Investment securities available for sale, at fair value 129,093 79,137
Investment securities held to maturity (fair value 2011 $330,809) 0 319,547
Loans held for sale (including $1,248,935 of mortgage warehouse loans at fair value in 2012) 1,439,889 174,999
Loans receivable not covered under Loss Sharing Agreements with the FDIC 1,216,941 1,215,117
Loans receivable covered under Loss Sharing Agreements with the FDIC 107,526 126,276
Less: Allowance for loan losses (25,837) (15,032)
Total loans receivable, net 1,298,630 1,326,361
FDIC loss sharing receivable 12,343 13,077
Bank premises and equipment, net 9,672 8,448
Bank-owned life insurance 56,191 29,268
Other real estate owned (2012 $4,109; 2011 $6,166 covered under Loss Sharing Agreements with the FDIC) 8,114 11,814
Goodwill and other intangibles 3,689 3,705
Restricted stock 30,163 21,818
Accrued interest receivable and other assets 27,434 15,788
Total assets 3,201,234 2,077,532
Deposits:    
Demand, non-interest bearing 219,687 114,044
Interest bearing 2,221,131 1,469,145
Total deposits 2,440,818 1,583,189
Federal funds purchased 5,000 5,000
Other borrowings 471,000 331,000
Subordinated debt 2,000 2,000
Accrued interest payable and other liabilities 12,941 8,595
Total liabilities 2,931,759 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; 18,507,121shares issued and 18,459,502 outstanding at December 31, 2012 and 11,395,302 shares issued and 11,347,683 outstanding at December 31, 2011 18,507 11,395
Additional paid in capital 212,090 122,602
Retained earnings 38,314 14,496
Accumulated other comprehensive income (loss) 1,064 (245)
Less: Cost of treasury stock; 47,619 shares at December 31, 2012 and December 31, 2011 (500) (500)
Total shareholders' equity 269,475 147,748
Total liabilities and shareholders' Equity $ 3,201,234 $ 2,077,532