XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 583,000 $ 338,000
Interest-earning deposits at banks 6,476,000 9,115,000
Investments in marketable equity securities (cost of $73 million at June 30, 2022 and December 31, 2021) 94,000 98,000
Investment securities available for sale (cost of $9,857 million at June 30, 2022 and $9,215 million at December 31, 2021) 9,210,000 9,203,000
Investment securities held to maturity (fair value of $8,812 million at June 30, 2022 and $3,759 million at December 31, 2021) 9,832,000 3,809,000
Assets held-for-sale 38,000 99,000
Loans and leases 67,735,000 32,372,000
Allowance for credit losses (850,000) (178,000)
Loans and leases, net of allowance for credit losses 66,885,000 32,194,000
Operating lease equipment, net 7,971,000 0
Premises and equipment, net 1,415,000 1,233,000
Bank-owned life insurance 1,334,000 116,000
Goodwill 346,000 346,000
Other intangible assets 150,000 19,000
Other assets 3,339,000 1,739,000
Total assets 107,673,000 58,309,000
Deposits:    
Noninterest-bearing 26,645,000 21,405,000
Interest-bearing 62,684,000 30,001,000
Total deposits 89,329,000 51,406,000
Credit balances of factoring clients 1,070,000 0
Securities sold under customer repurchase agreements 646,000 589,000
Federal Home Loan Bank borrowings 1,785,000 645,000
Senior unsecured borrowings 892,000 0
Subordinated debt 1,055,000 478,000
Other borrowings 81,000 72,000
Other liabilities 2,173,000 381,000
Total liabilities 97,031,000 53,571,000
Stockholders’ equity    
Preferred stock - $0.01 par value (10,000,000 shares authorized at June 30, 2022 and December 31, 2021) 881,000 340,000
Additional paid in capital 5,345,000 0
Retained earnings 4,865,000 4,378,000
Accumulated other comprehensive (loss) income (465,000) 10,000
Total shareholders' equity 10,642,000 4,738,000
Total liabilities and shareholders' equity 107,673,000 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