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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 14,072 $ 29,746
Interest bearing deposits with banks 104,812 745,554
Cash and cash equivalents 118,884 775,300
Investment securities available for sale, at fair value 1,075,366 528,508
Investment securities held to maturity, at amortized cost (fair value of $1,647,360 and $836,972, respectively) 1,660,292 814,936
Equity securities 9,173 9,039
Restricted stock, at cost 3,510 3,039
Mortgage loans held for sale, at fair value 8,538 50,387
Other loans held for sale 5,224 2,983
Loans receivable (net of allowance for loan losses of $18,964 and $12,975, respectively) 2,488,401 2,632,367
Premises and equipment, net 127,440 123,170
Other real estate owned, net 360 1,188
Accrued interest receivable 15,073 16,120
Operating lease right-of-use asset 75,627 72,946
Other assets 38,768 35,752
Total Assets 5,626,656 5,065,735
Deposits    
Demand - non-interest bearing 1,404,360 1,006,876
Demand - interest bearing 2,283,779 1,776,995
Money market and savings 1,305,096 1,043,519
Time deposits 197,945 186,361
Total Deposits 5,191,180 4,013,751
Other borrowings 0 633,866
Accrued interest payable 550 926
Other liabilities 17,636 20,232
Operating lease liability 81,770 77,576
Subordinated debt 11,278 11,271
Total Liabilities 5,302,414 4,757,622
Commitments and contingencies (see note 12)
Shareholders’ Equity    
Preferred stock, par value $0.01 per share; liquidation preference $25.00 per share; 10,000,000 shares authorized; share issued 2,000,000 as of December 31, 2021 and December 31, 2020; shares outstanding 2,000,000 as of December 31, 2021 and December 31, 2020 20 20
Common stock, par value $0.01 per share: 100,000,000 shares authorized; shares issued 59,471,998 as of December 31, 2021 and 59,388,623 as of December 31, 2020; shares outstanding 58,943,153 as of December 31, 2021 and 58,859,778 as of December 31, 2020 595 594
Additional paid in capital 324,618 322,321
Retained earnings / accumulated deficit 13,591 (8,085)
Treasury stock at cost (503,408 shares as of December 31, 2021 and December 31, 2020) (3,725) (3,725)
Stock held by deferred compensation plan (25,437 shares as of December 31, 2021 and December 31, 2020) (183) (183)
Accumulated other comprehensive loss (10,674) (2,829)
Total Shareholders’ Equity 324,242 308,113
Total Liabilities and Shareholders’ Equity $ 5,626,656 $ 5,065,735