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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 523,000 $ 338,000
Interest-earning deposits at banks 9,285,000 9,115,000
Investments in marketable equity securities (cost of $73 million at March 31, 2022 and $73 million at December 31, 2021) 100,000 98,000
Investment securities available for sale (cost of $9,726 million at March 31, 2022 and $9,215 million at December 31, 2021) 9,295,000 9,203,000
Investment securities held to maturity (fair value of $9,457 million at March 31, 2022 and $3,759 million at December 31, 2021) 10,074,000 3,809,000
Assets held-for-sale 83,000 99,000
Loans and leases 65,524,000 32,372,000
Allowance for credit losses (848,000) (178,000)
Loans and leases, net of allowance for credit losses 64,676,000 32,194,000
Operating lease equipment, net 7,972,000 0
Premises and equipment 1,431,000 1,233,000
Bank owned life insurance 1,326,000 116,000
Goodwill 346,000 346,000
Other intangible assets 156,000 19,000
Other assets 3,330,000 1,739,000
Total assets 108,597,000 58,309,000
Deposits:    
Non-interest-bearing 25,898,000 21,405,000
Interest-bearing 65,699,000 30,001,000
Total deposits 91,597,000 51,406,000
Credit balances of factoring clients 1,150,000 0
Securities sold under customer repurchase agreements 616,000 589,000
Federal Home Loan Bank borrowings 639,000 645,000
Senior unsecured borrowings 895,000 0
Subordinated debt 1,058,000 478,000
Other borrowings 84,000 72,000
Other liabilities 1,988,000 381,000
Total liabilities 98,027,000 53,571,000
Stockholders’ equity    
Preferred stock - $0.01 par value (10,000,000 shares authorized at March 31, 2022 and December 31, 2021) 881,000 340,000
Additional paid in capital 5,344,000 0
Retained earnings 4,634,000 4,378,000
Accumulated other comprehensive (loss) income (305,000) 10,000
Total shareholders' equity 10,570,000 4,738,000
Total liabilities and shareholders' equity 108,597,000 58,309,000
Class A Common Stock    
Stockholders’ equity    
Common stock 15,000 9,000
Class B Common Stock    
Stockholders’ equity    
Common stock $ 1,000 $ 1,000