XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Balance Sheet - Unaudited - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 54,127 $ 58,025
Interest earning deposits 3,101,097 397,781
Cash and cash equivalents 3,155,224 455,806
Investment securities, at fair value (includes allowance for credit losses of $3,439 and $578, respectively) 2,824,638 2,987,500
Investment securities held to maturity 1,258,560 840,259
Loans held for sale (includes $1,234 and $322, respectively, at fair value) 78,108 328,312
Loans receivable, mortgage warehouse, at fair value 1,006,268 1,323,312
Loans receivable, PPP 188,763 998,153
Loans and leases receivable 12,637,768 13,144,894
Allowance for credit losses on loans and leases (139,656) (130,924)
Total loans and leases receivable, net of allowance for credit losses on loans and leases 13,693,143 15,335,435
FHLB, Federal Reserve Bank, and other restricted stock 126,240 74,196
Accrued interest receivable 119,501 123,374
Bank premises and equipment, net 8,031 9,025
Bank-owned life insurance 290,322 338,441
Goodwill and other intangibles 3,629 3,629
Other assets 471,169 400,135
Total assets 22,028,565 20,896,112
Deposits:    
Demand, non-interest bearing 4,490,198 1,885,045
Interest bearing 13,460,233 16,271,908
Total deposits 17,950,431 18,156,953
FHLB advances 2,046,142 800,000
Other borrowings 123,710 123,580
Subordinated debt 182,091 181,952
Accrued interest payable and other liabilities 269,539 230,666
Total liabilities 20,571,913 19,493,151
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 June 30, 2023 and December 31, 2022 137,794 137,794
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 35,300,754 and 35,012,250 shares issued as of June 30, 2023 and December 31, 2022; 31,282,318 and 32,373,697 shares outstanding as of June 30, 2023 and December 31, 2022 35,301 35,012
Additional paid in capital 555,737 551,721
Retained earnings 1,018,406 924,134
Accumulated other comprehensive income (loss), net (168,176) (163,096)
Treasury stock, at cost (4,018,436 and 2,638,553 shares as of June 30, 2023 and December 31, 2022) (122,410) (82,604)
Total shareholders’ equity 1,456,652 1,402,961
Total liabilities and shareholders’ equity $ 22,028,565 $ 20,896,112