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Consolidated Balance Sheet - Unaudited - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 55,515 $ 35,238
Interest earning deposits 219,085 482,794
Cash and cash equivalents 274,600 518,032
Investment securities, at fair value (includes allowance for credit losses of $728 at March 31, 2022) 4,169,853 3,817,150
Loans held for sale (includes $2,496 and $15,747, respectively, at fair value) 3,003 16,254
Loans receivable, mortgage warehouse, at fair value 1,755,758 2,284,325
Loans receivable, PPP 2,195,902 3,250,008
Loans and leases receivable 10,118,855 9,018,298
Allowance for credit losses on loans and leases (145,847) (137,804)
Total loans and leases receivable, net of allowance for credit losses on loans and leases 13,924,668 14,414,827
FHLB, Federal Reserve Bank, and other restricted stock 54,553 64,584
Accrued interest receivable 94,669 92,239
Bank premises and equipment, net 8,233 8,890
Bank-owned life insurance 332,239 333,705
Goodwill and other intangibles 3,678 3,736
Other assets 298,212 305,611
Total assets 19,163,708 19,575,028
Deposits:    
Demand, non-interest bearing 4,594,428 4,459,790
Interest bearing 11,821,132 12,318,134
Total deposits 16,415,560 16,777,924
Federal funds purchased 700,000 75,000
FHLB advances 0 700,000
Other borrowings 223,230 223,086
Subordinated debt 181,742 181,673
Accrued interest payable and other liabilities 265,770 251,128
Total liabilities 17,786,302 18,208,811
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, 5,700,000 shares issued and outstanding as of March 31, 2022 and December 31, 2021 137,794 137,794
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 34,881,580 and 34,721,675 shares issued as of March 31, 2022 and December 31, 2021; 32,957,847 and 32,913,267 shares outstanding as of March 31, 2022 and December 31, 2021 34,882 34,722
Additional paid in capital 542,402 542,391
Retained earnings 780,628 705,732
Accumulated other comprehensive income (loss), net (62,548) (4,980)
Treasury stock, at cost (1,923,732 and 1,808,408 shares as of March 31, 2022 and December 31, 2021) (55,752) (49,442)
Total shareholders’ equity 1,377,406 1,366,217
Total liabilities and shareholders’ equity $ 19,163,708 $ 19,575,028