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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 20,388 $ 37,485
Interest earning deposits 125,935 227,224
Cash and cash equivalents 146,323 264,709
Investment securities available for sale, at fair value 471,371 493,474
Loans held for sale (includes $1,886 and $695, respectively at fair value) 146,077 695
Loans receivable, mortgage warehouse, at fair value 1,793,408 2,116,815
Loans receivable 6,768,258 6,154,637
Allowance for loan losses (38,015) (37,315)
Total loans receivable, net of allowance for loan losses 8,523,651 8,234,137
FHLB, Federal Reserve Bank, and other restricted stock 105,918 68,408
Accrued interest receivable 27,021 23,690
Bank premises and equipment, net 11,955 12,769
Bank-owned life insurance 257,720 161,494
Other real estate owned 1,726 3,108
Goodwill and other intangibles 16,295 17,621
Other assets 131,498 102,631
Total assets 9,839,555 9,382,736
Deposits:    
Demand, non-interest bearing 1,052,115 966,058
Interest bearing 5,748,027 6,337,717
Total deposits 6,800,142 7,303,775
Federal funds purchased 155,000 83,000
FHLB advances 1,611,860 868,800
Other borrowings 186,497 87,123
Subordinated debt 108,880 108,783
Accrued interest payable and other liabilities 56,212 75,383
Total liabilities 8,918,591 8,526,864
Commitments and contingencies (Notes 18 and 22)
Shareholders’ equity:    
Preferred stock, par value $1.00 per share; liquidation preference $25.00 per share; 100,000,000 shares authorized, 9,000,000 shares issued and outstanding as of December 31, 2017 and 2016 217,471 217,471
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 31,912,763 and 30,820,177 shares issued as of December 31, 2017 and 2016; 31,382,503 and 30,289,917 shares outstanding as of December 31, 2017 and 2016 31,913 30,820
Additional paid in capital 422,096 427,008
Retained earnings 258,076 193,698
Accumulated other comprehensive loss, net (359) (4,892)
Treasury stock, at cost (530,260 shares as of December 31, 2017 and 2016) (8,233) (8,233)
Total shareholders’ equity 920,964 855,872
Total liabilities and shareholders’ equity $ 9,839,555 $ 9,382,736