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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 33,095 $ 17,696
Interest earning deposits 179,410 44,439
Cash and cash equivalents 212,505 62,135
Investment securities available for sale, at fair value 595,876 665,012
Loans held for sale (includes $2,130 and $1,507, respectively, at fair value) 486,328 1,507
Loans receivable, mortgage warehouse, at fair value 2,245,758 1,405,420
Loans and leases receivable 7,318,988 7,138,074
Allowance for loan and lease losses (56,379) (39,972)
Total loans and leases receivable, net of allowance for loan and lease losses 9,508,367 8,503,522
FHLB, Federal Reserve Bank, and other restricted stock 84,214 89,685
Accrued interest receivable 38,072 32,955
Bank premises and equipment, net 9,389 11,063
Bank-owned life insurance 272,546 264,559
Other real estate owned 173 816
Goodwill and other intangibles 15,195 16,499
Other assets 298,052 185,672
Total assets 11,520,717 9,833,425
Deposits:    
Demand, non-interest bearing 1,343,391 1,122,171
Interest bearing 7,305,545 6,020,065
Total deposits 8,648,936 7,142,236
Federal funds purchased 538,000 187,000
FHLB advances 850,000 1,248,070
Other borrowings 123,630 123,871
Subordinated debt 181,115 108,977
Accrued interest payable and other liabilities 126,241 66,455
Total liabilities 10,467,922 8,876,609
Commitments and contingencies (NOTE 21)
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, 2019 and 2018 217,471 217,471
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 32,617,410 and 32,252,488 shares issued as of December 31, 2019 and 2018; 31,336,791 and 31,003,028 shares outstanding as of December 31, 2019 and 2018 32,617 32,252
Additional paid in capital 444,218 434,314
Retained earnings 381,519 316,651
Accumulated other comprehensive loss, net (1,250) (22,663)
Treasury stock, at cost (1,280,619 and 1,249,460 shares as of December 31, 2019 and 2018) (21,780) (21,209)
Total shareholders’ equity 1,052,795 956,816
Total liabilities and shareholders’ equity 11,520,717 9,833,425
Loans held for sale at fair value $ 2,130 $ 1,507