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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 481,000 $ 338,000
Interest-earning deposits at banks 6,172,000 9,115,000
Investments in marketable equity securities (cost of $73 million at September 30, 2022 and December 31, 2021) 92,000 98,000
Investment securities available for sale (cost of $10,083 million at September 30, 2022 and $9,215 million at December 31, 2021) 9,088,000 9,203,000
Investment securities held to maturity (fair value of $8,166 million at September 30, 2022 and $3,759 million at December 31, 2021) 9,661,000 3,809,000
Assets held-for-sale 21,000 99,000
Loans and leases 69,790,000 32,372,000
Allowance for credit losses (882,000) (178,000)
Loans and leases, net of allowance for credit losses 68,908,000 32,194,000
Operating lease equipment, net 7,984,000 0
Premises and equipment, net 1,410,000 1,233,000
Bank-owned life insurance 1,342,000 116,000
Goodwill 346,000 346,000
Other intangible assets 145,000 19,000
Other assets 3,660,000 1,739,000
Total assets 109,310,000 58,309,000
Deposits:    
Noninterest-bearing 26,587,000 21,405,000
Interest-bearing 60,966,000 30,001,000
Total deposits 87,553,000 51,406,000
Credit balances of factoring clients 1,147,000 0
Borrowings:    
Short-term borrowings 3,128,000 589,000
Long-term borrowings 5,215,000 1,195,000
Total borrowings 8,343,000 1,784,000
Other liabilities 2,434,000 381,000
Total liabilities 99,477,000 53,571,000
Stockholders’ equity    
Preferred stock - $0.01 par value (10,000,000 shares authorized at September 30, 2022 and December 31, 2021) 881,000 340,000
Additional paid in capital 4,506,000 0
Retained earnings 5,160,000 4,378,000
Accumulated other comprehensive (loss) income (729,000) 10,000
Total stockholders’ equity 9,833,000 4,738,000
Total liabilities and stockholders’ equity 109,310,000 58,309,000
Class A Common Stock    
Stockholders’ equity    
Common stock 14,000 9,000
Class B Common Stock    
Stockholders’ equity    
Common stock $ 1,000 $ 1,000