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Consolidated Balance Sheet - Unaudited - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 44,577 $ 33,095
Interest earning deposits 1,022,753 179,410
Cash and cash equivalents 1,067,330 212,505
Investment securities, at fair value 681,382 595,876
Loans held for sale (includes $21,107 and $2,130, respectively, at fair value) 464,164 486,328
Loans receivable, mortgage warehouse, at fair value 2,793,164 2,245,758
Loans receivable, PPP 4,760,427 0
Loans and leases receivable 7,272,447 7,318,988
Allowance for credit losses on loans and leases (159,905) (56,379)
Total loans and leases receivable, net of allowance for credit losses on loans and leases 14,666,133 9,508,367
FHLB, Federal Reserve Bank, and other restricted stock 91,023 84,214
Accrued interest receivable 49,911 38,072
Bank premises and equipment, net 8,380 9,389
Bank-owned life insurance 275,842 272,546
Other real estate owned 131 173
Goodwill and other intangibles 14,575 15,195
Other assets 584,247 298,052
Total assets 17,903,118 11,520,717
Deposits:    
Demand, non-interest bearing 1,879,789 1,343,391
Interest bearing 9,086,086 7,305,545
Total deposits 10,965,875 8,648,936
FRB advances 4,419,967  
Federal funds purchased 0 538,000
FHLB advances 850,000 850,000
Other borrowings 123,833 123,630
Subordinated debt 181,255 181,115
FRB PPP liquidity facility 4,419,967 0
Accrued interest payable and other liabilities 354,341 126,241
Total liabilities 16,895,271 10,467,922
Commitments and contingencies (NOTE 15)
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 June 30, 2020 and December 31, 2019 217,471 217,471
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 32,790,906 and 32,614,410 shares issued as of June 30, 2020 and December 31, 2019; 31,510,287 and 31,336,791 shares outstanding as of June 30, 2020 and December 31, 2019 32,791 32,617
Additional paid in capital 450,665 444,218
Retained earnings 338,665 381,519
Accumulated other comprehensive loss, net (9,965) (1,250)
Treasury stock, at cost (1,280,619 shares as of June 30, 2020 and December 31, 2019) (21,780) (21,780)
Total shareholders’ equity 1,007,847 1,052,795
Total liabilities and shareholders’ equity $ 17,903,118 $ 11,520,717