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Consolidated Balance Sheet - Unaudited - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and due from banks $ 41,520 $ 35,238
Interest earning deposits 362,945 482,794
Cash and cash equivalents 404,465 518,032
Investment securities, at fair value (includes allowance for credit losses of $253 at September 30, 2022) 2,943,694 3,817,150
Investment securities held to maturity 886,294 0
Loans held for sale (includes $609 and $15,747, respectively, at fair value) 5,224 16,254
Loans receivable, mortgage warehouse, at fair value 1,569,090 2,284,325
Loans receivable, PPP 1,154,632 3,250,008
Loans and leases receivable 12,607,742 9,018,298
Allowance for credit losses on loans and leases (130,197) (137,804)
Total loans and leases receivable, net of allowance for credit losses on loans and leases 15,201,267 14,414,827
FHLB, Federal Reserve Bank, and other restricted stock 64,112 64,584
Accrued interest receivable 107,621 92,239
Bank premises and equipment, net 6,610 8,890
Bank-owned life insurance 336,130 333,705
Goodwill and other intangibles 3,629 3,736
Other assets 408,575 305,611
Total assets 20,367,621 19,575,028
Deposits:    
Demand, non-interest bearing 2,993,793 4,459,790
Interest bearing 14,528,645 12,318,134
Total deposits 17,522,438 16,777,924
Federal funds purchased 365,000 75,000
FHLB advances 500,000 700,000
Other borrowings 123,515 223,086
Subordinated debt 181,882 181,673
Accrued interest payable and other liabilities 287,855 251,128
Total liabilities 18,980,690 18,208,811
Commitments and contingencies (NOTE 16)
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 September 30, 2022 and December 31, 2021 137,794 137,794
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 34,948,055 and 34,721,675 shares issued as of September 30, 2022 and December 31, 2021; 32,475,502 and 32,913,267 shares outstanding as of September 30, 2022 and December 31, 2021 34,948 34,722
Additional paid in capital 549,066 542,391
Retained earnings 898,511 705,732
Accumulated other comprehensive income (loss), net (156,126) (4,980)
Treasury stock, at cost (2,472,553 and 1,808,408 shares as of September 30, 2022 and December 31, 2021) (77,262) (49,442)
Total shareholders’ equity 1,386,931 1,366,217
Total liabilities and shareholders’ equity $ 20,367,621 $ 19,575,028