XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 917,000 $ 518,000
Interest-earning deposits at banks 37,846,000 5,025,000
Securities purchased under agreements to resell 298,000 0
Investment in marketable equity securities (cost of $75 at June 30, 2023 and $75 at December 31, 2022) 76,000 95,000
Investment securities available for sale (cost of $12,923 at June 30, 2023 and $9,967 at December 31, 2022), net of allowance for credit losses 11,894,000 8,995,000
Investment securities held to maturity (fair value of $8,652 at June 30, 2023 and $8,795 at December 31, 2022) 10,201,000 10,279,000
Assets held for sale 117,000 60,000
Loans and leases 133,015,000 70,781,000
Allowance for credit losses (1,637,000) (922,000)
Loans and leases, net of allowance for credit losses 131,378,000 69,859,000
Operating lease equipment, net 8,531,000 8,156,000
Premises and equipment, net 1,782,000 1,456,000
Goodwill 346,000 346,000
Other intangible assets 347,000 140,000
Other assets 5,769,000 4,369,000
Total assets 209,502,000 109,298,000
Deposits:    
Noninterest-bearing 44,547,000 24,922,000
Interest-bearing 96,617,000 64,486,000
Total deposits 141,164,000 89,408,000
Credit balances of factoring clients 1,067,000 995,000
Borrowings:    
Short-term borrowings 454,000 2,186,000
Long-term borrowings 39,685,000 4,459,000
Total borrowings 40,139,000 6,645,000
Other liabilities 7,361,000 2,588,000
Total liabilities 189,731,000 99,636,000
Stockholders’ equity    
Preferred stock - $0.01 par value (20,000,000 and 10,000,000 shares authorized at June 30, 2023 and December 31, 2022, respectively) 881,000 881,000
Additional paid in capital 4,106,000 4,109,000
Retained earnings 15,541,000 5,392,000
Accumulated other comprehensive loss (772,000) (735,000)
Total stockholders’ equity 19,771,000 9,662,000
Total liabilities and stockholders’ equity 209,502,000 109,298,000
Class A Common Stock    
Stockholders’ equity    
Common stock 14,000 14,000
Class B Common Stock    
Stockholders’ equity    
Common stock $ 1,000 $ 1,000