The Bancorp, Inc(NASDAQ:TBBK) 
The Bancorp, Inc. operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking, savings, money market, and commercial accounts. It also provides securit...
Website: http://www.thebancorp.com
Founded: 1999
Full Time Employees: 612
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2009-12-31 | 2008-03-31 | 2007-09-30 |
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interest income: | |||||||||||||||||||||||||||
loans, including fees | 107,545,000 | 111,810,000 | 114,982,000 | 112,326,000 | 108,912,000 | 113,020,000 | 116,483,000 | 115,062,000 | 114,252,000 | 112,420,000 | 110,592,000 | 107,378,000 | 106,259,000 | 94,517,000 | 75,579,000 | 55,150,000 | 50,591,000 | 48,852,000 | 46,426,000 | 49,454,000 | 47,904,000 | 45,634,000 | 44,433,000 | 41,577,000 | 50,015,000 | 23,289,000 | 25,418,000 |
investment securities: | |||||||||||||||||||||||||||
taxable interest | 19,920,000 | 18,147,000 | 17,354,000 | 22,393,000 | 18,127,000 | 19,341,000 | 19,767,000 | 17,520,000 | 9,634,000 | 10,258,000 | 9,647,000 | 9,873,000 | 9,300,000 | 8,483,000 | 6,792,000 | 5,432,000 | 4,891,000 | 5,770,000 | 6,882,000 | 7,201,000 | 8,808,000 | 9,228,000 | 7,911,000 | 10,188,000 | |||
tax-exempt interest | 130,000 | 97,000 | 104,000 | 103,000 | 83,000 | 65,000 | 43,000 | 40,000 | 39,000 | 39,000 | 40,000 | 42,000 | 32,000 | 24,000 | 25,000 | 24,000 | 25,000 | 25,000 | 25,000 | 25,000 | 28,000 | 28,000 | 28,000 | 27,000 | |||
interest-earning deposits | 2,196,000 | 1,971,000 | 3,954,000 | 8,326,000 | 12,680,000 | 6,378,000 | 3,387,000 | 4,677,000 | 11,884,000 | 9,356,000 | 8,689,000 | 8,997,000 | 6,585,000 | ||||||||||||||
interest expense: | |||||||||||||||||||||||||||
deposits | 35,289,000 | 33,617,000 | 38,796,000 | 43,963,000 | 46,375,000 | 42,514,000 | 42,698,000 | 39,999,000 | 39,161,000 | 38,222,000 | 38,431,000 | 37,416,000 | 34,460,000 | 27,875,000 | 16,065,000 | 5,590,000 | 1,606,000 | 1,129,000 | 1,209,000 | 1,519,000 | 1,766,000 | 1,813,000 | 1,730,000 | 1,510,000 | 3,932,000 | 11,110,000 | 12,219,000 |
short-term borrowings | 1,381,000 | 1,998,000 | 495,000 | 5,000 | 125,000 | 1,030,000 | 1,295,000 | 19,000 | 37,000 | 234,000 | 271,000 | 1,235,000 | 32,000 | 34,000 | 7,000 | 8,000 | 17,000 | 1,000 | 15,000 | -643,000 | 972,000 | 1,486,000 | |||||
long-term borrowings | 197,000 | 194,000 | 197,000 | 198,000 | 195,000 | 360,000 | 689,000 | 685,000 | 686,000 | 125,000 | 128,000 | 128,000 | 126,000 | 498,000 | 506,000 | ||||||||||||
senior debt | 3,875,000 | 3,888,000 | 2,450,000 | 1,233,000 | 1,234,000 | 1,234,000 | 1,234,000 | 1,234,000 | 1,233,000 | 1,234,000 | 1,234,000 | 1,280,000 | 1,279,000 | 1,280,000 | 1,279,000 | 1,280,000 | 1,279,000 | 1,280,000 | 1,279,000 | 1,280,000 | 1,279,000 | 1,280,000 | 633,000 | ||||
subordinated debentures | 235,000 | 249,000 | 259,000 | 257,000 | 255,000 | 275,000 | 297,000 | 291,000 | 292,000 | 296,000 | 293,000 | 271,000 | 261,000 | 226,000 | 177,000 | 139,000 | 116,000 | 112,000 | 112,000 | 112,000 | 113,000 | 116,000 | 118,000 | 128,000 | |||
interest expense: - sum | 40,977,000 | ||||||||||||||||||||||||||
net interest income | 88,814,000 | 92,079,000 | 94,197,000 | 97,492,000 | 91,743,000 | 94,296,000 | 93,732,000 | 93,795,000 | 94,418,000 | 92,159,000 | 88,882,000 | 87,195,000 | 85,816,000 | 76,760,000 | 64,659,000 | 54,569,000 | 52,853,000 | 52,157,000 | 50,893,000 | 54,069,000 | 53,757,000 | 51,713,000 | 49,996,000 | 50,246,000 | 51,362,000 | 12,347,000 | 13,753,000 |
provision (reversal) for credit losses on non-fintech loans | -1,348,000 | ||||||||||||||||||||||||||
provision for credit losses on fintech loans | 28,843,000 | ||||||||||||||||||||||||||
provision for unfunded commitments | 106,000 | ||||||||||||||||||||||||||
provision for credit losses, total | 27,601,000 | ||||||||||||||||||||||||||
net interest income after provision for credit losses | 61,213,000 | 49,324,000 | |||||||||||||||||||||||||
non-interest income | |||||||||||||||||||||||||||
fintech fees | |||||||||||||||||||||||||||
ach, card and other payment fees | 5,796,000 | ||||||||||||||||||||||||||
prepaid, debit card and related fees | 26,677,000 | 26,206,000 | 25,513,000 | 26,113,000 | 25,714,000 | 24,465,000 | 23,907,000 | 24,755,000 | 24,286,000 | 22,404,000 | 21,513,000 | 22,177,000 | 23,323,000 | 19,371,000 | 19,175,000 | 20,038,000 | 18,652,000 | 17,776,000 | 18,223,000 | 19,447,000 | 19,208,000 | 17,818,000 | 19,434,000 | 18,673,000 | |||
consumer credit fintech fees | 5,596,000 | 4,517,000 | 4,493,000 | 3,970,000 | 3,600,000 | 3,049,000 | 1,600,000 | 140,000 | |||||||||||||||||||
total fintech fees | 38,069,000 | 35,973,000 | 35,083,000 | 35,645,000 | 34,446,000 | 32,254,000 | 29,399,000 | ||||||||||||||||||||
net realized and unrealized gains | |||||||||||||||||||||||||||
on commercial loans, at fair value | 6,000 | 427,500 | 1,005,000 | 344,000 | 361,000 | 551,250 | 606,000 | 503,000 | 1,096,000 | 1,042,750 | 525,000 | 1,921,000 | 1,725,000 | 2,815,500 | 745,000 | 3,682,000 | 3,383,000 | ||||||||||
leasing related income | 1,901,000 | 1,635,000 | 1,397,000 | 2,131,000 | 1,972,000 | 1,032,000 | 1,072,000 | 1,429,000 | 388,000 | 1,556,000 | 1,767,000 | 1,511,000 | 1,490,000 | 1,256,000 | 1,048,000 | 1,545,000 | 973,000 | 1,757,000 | 1,968,000 | 1,767,000 | 965,000 | 499,000 | 1,519,000 | 443,000 | |||
fintech loan credit enhancement | 28,843,000 | ||||||||||||||||||||||||||
other | 3,706,000 | 2,416,000 | 3,141,000 | 2,390,000 | 995,000 | 838,000 | 1,031,000 | 895,000 | 648,000 | 786,000 | 422,000 | 1,298,000 | 280,000 | 461,000 | 228,000 | 350,000 | 120,000 | 768,000 | 186,000 | 164,000 | 109,000 | 1,650,000 | 947,000 | 478,000 | 915,000 | 252,000 | 243,000 |
total non-interest income | 72,525,000 | 80,532,000 | 80,416,000 | 83,743,000 | 83,642,000 | 54,270,000 | 32,108,000 | 30,722,000 | 29,382,000 | 26,989,000 | 26,780,000 | 29,336,000 | 28,989,000 | 25,740,000 | 23,426,000 | 27,953,000 | 25,112,000 | 28,226,000 | 26,588,000 | 25,861,000 | 24,074,000 | 23,300,000 | 24,352,000 | 20,366,000 | 8,343,000 | 3,476,000 | 1,161,000 |
non-interest expense | |||||||||||||||||||||||||||
salaries and employee benefits | 37,477,000 | 34,401,000 | 37,350,000 | 37,134,000 | 33,669,000 | 33,633,000 | 33,821,000 | 33,863,000 | 30,280,000 | 27,628,000 | 30,475,000 | 33,167,000 | 29,785,000 | 27,520,000 | 28,001,000 | 25,999,000 | 23,848,000 | 28,159,000 | 25,094,000 | 27,087,000 | 25,658,000 | 27,087,000 | 26,417,000 | 25,492,000 | 18,366,000 | 4,951,000 | 3,699,000 |
depreciation | 1,245,000 | 1,269,000 | 1,152,000 | 1,125,000 | 1,104,000 | 1,132,000 | 1,047,000 | ||||||||||||||||||||
rent and related occupancy cost | 1,691,000 | 1,589,000 | 1,592,000 | 1,717,000 | 1,568,000 | 1,686,000 | 1,734,000 | 1,686,000 | 1,640,000 | 1,715,000 | 1,510,000 | 1,361,000 | 1,394,000 | 1,362,000 | 1,268,000 | 1,274,000 | 1,289,000 | 1,239,000 | 1,256,000 | 1,271,000 | 1,250,000 | 1,350,000 | 1,376,000 | 1,396,000 | |||
data processing expense | 1,309,000 | 1,273,000 | 1,259,000 | 1,227,000 | 1,205,000 | 1,414,000 | 1,408,000 | 1,423,000 | 1,421,000 | 1,324,000 | 1,404,000 | 1,398,000 | 1,321,000 | 1,245,000 | 1,292,000 | 1,246,000 | 1,189,000 | 1,183,000 | 1,209,000 | 1,146,000 | 1,126,000 | 1,174,000 | 1,192,000 | 1,177,000 | 5,780,000 | 976,000 | 747,000 |
audit expense | 641,000 | 661,000 | 617,000 | 545,000 | 654,000 | 403,000 | 403,000 | 319,000 | 359,000 | 365,000 | 446,000 | 417,000 | 392,000 | 419,000 | 366,000 | 379,000 | 362,000 | 359,000 | 356,000 | 391,000 | 363,000 | -144,000 | 397,000 | 407,000 | |||
legal expense | 1,590,000 | 1,387,000 | 1,483,000 | 1,863,000 | 1,957,000 | 572,000 | 1,055,000 | 633,000 | 821,000 | 740,000 | 1,203,000 | 949,000 | 958,000 | 703,000 | 907,000 | 1,474,000 | 794,000 | 1,499,000 | 1,251,000 | 2,044,000 | 2,054,000 | 1,005,000 | 994,000 | 2,229,000 | |||
legal settlement | -2,000,000 | 1,152,000 | |||||||||||||||||||||||||
fdic insurance | 1,251,000 | 1,383,000 | 905,000 | 1,202,000 | 1,053,000 | 961,000 | 904,000 | 869,000 | 845,000 | 724,000 | 806,000 | 472,000 | 955,000 | 944,000 | 679,000 | 673,000 | 974,000 | 351,000 | 266,000 | 2,589,000 | 2,380,000 | 2,121,000 | 2,180,000 | 2,918,000 | |||
software | 5,369,000 | 5,344,000 | 5,040,000 | 5,144,000 | 5,013,000 | 4,226,000 | 4,561,000 | 4,637,000 | 4,489,000 | 4,368,000 | 4,427,000 | 4,317,000 | 4,237,000 | 4,181,000 | 4,001,000 | 4,165,000 | 3,864,000 | 4,224,000 | 4,045,000 | 3,706,000 | 3,684,000 | 3,570,000 | 3,595,000 | 3,386,000 | |||
insurance | 1,182,000 | 1,184,000 | 1,194,000 | 1,145,000 | 1,257,000 | 1,329,000 | 1,246,000 | 1,282,000 | 1,338,000 | 1,204,000 | 1,321,000 | 1,308,000 | 1,306,000 | 1,334,000 | 1,314,000 | 1,314,000 | 1,064,000 | 1,015,000 | 1,110,000 | 1,026,000 | 745,000 | 759,000 | 741,000 | 695,000 | |||
telecom and it network communications | 284,000 | 277,000 | 304,000 | 308,000 | 333,000 | 319,000 | 283,000 | 354,000 | 271,000 | 272,000 | 305,000 | 363,000 | 376,000 | 338,000 | 368,000 | 377,000 | 374,000 | 342,000 | 413,000 | 409,000 | 405,000 | 437,000 | 392,000 | 402,000 | |||
consulting | 210,000 | 341,000 | 430,000 | 436,000 | 456,000 | 294,000 | 418,000 | 562,000 | 578,000 | 526,000 | 448,000 | 642,000 | 322,000 | 360,000 | 339,000 | 260,000 | 303,000 | 474,000 | 448,000 | 240,000 | 264,000 | 350,000 | 410,000 | 346,000 | |||
total non-interest expense | 55,026,000 | 56,193,000 | 56,404,000 | 57,223,000 | 53,294,000 | 51,812,000 | 53,255,000 | 51,446,000 | 46,712,000 | 45,610,000 | 47,459,000 | 49,943,000 | 48,030,000 | 43,475,000 | 44,830,000 | 42,845,000 | 38,352,000 | 43,200,000 | 39,384,000 | 43,883,000 | 41,883,000 | 41,783,000 | 42,026,000 | 42,620,000 | 45,816,000 | 10,362,000 | 7,701,000 |
income before income taxes | 78,712,000 | 74,995,000 | 73,155,000 | 79,649,000 | 75,238,000 | 76,388,000 | 69,030,000 | 71,819,000 | 74,919,000 | 49,387,500 | 66,451,000 | 66,227,000 | 64,872,000 | ||||||||||||||
income tax expense | 18,643,000 | 18,703,000 | 18,228,000 | 19,828,000 | 18,065,000 | 20,480,000 | 17,513,000 | 18,133,000 | 18,490,000 | 15,196,000 | 16,314,000 | 17,218,000 | 15,750,000 | 16,007,000 | 11,829,000 | 10,725,000 | 9,140,000 | 8,529,000 | 8,289,000 | 7,840,000 | 9,066,000 | 8,655,000 | 7,894,000 | ||||
net income | 60,069,000 | 56,292,000 | 54,927,000 | 59,821,000 | 57,173,000 | 55,908,000 | 51,517,000 | 53,686,000 | 56,429,000 | 44,028,000 | 50,137,000 | 49,009,000 | 49,122,000 | 40,241,000 | 30,604,000 | 30,402,000 | 28,966,000 | 26,992,000 | 28,261,000 | 29,435,000 | 25,965,000 | 20,068,000 | 1,275,000 | 2,827,000 | 3,854,000 | ||
yoy | 5.07% | 0.69% | 6.62% | 11.43% | 1.32% | 26.98% | 2.75% | 9.54% | 14.88% | 9.41% | 63.82% | 61.20% | 69.59% | 49.08% | 8.29% | 3.29% | 11.56% | 46.68% | 1936.47% | ||||||||
qoq | 6.71% | 2.49% | -8.18% | 4.63% | 2.26% | 8.52% | -4.04% | -4.86% | 28.17% | -12.18% | 2.30% | -0.23% | 22.07% | 31.49% | 0.66% | 4.96% | 7.31% | -4.49% | -3.99% | 13.36% | 1473.96% | -54.90% | -26.65% | ||||
net income per share | 1.43 | 0.923 | 1.2 | 1.28 | 1.21 | 1.17 | 1.06 | 1.05 | 1.07 | 0.82 | 0.93 | 0.89 | 0.89 | 0.72 | 0.54 | 0.54 | 0.51 | 0.48 | 0.49 | 0.51 | 0.45 | -0.17 | 0.19 | 0.28 | |||
weighted-average shares - basic | 42,133,301 | 45,770,549 | 45,865,172 | 46,598,535 | 47,214,050 | 50,063,620 | 48,759,369 | 50,937,055 | 52,747,140 | 54,506,065 | |||||||||||||||||
weighted-average shares - diluted | 42,594,824 | 46,421,672 | 46,518,125 | 47,182,770 | 47,959,292 | 50,713,140 | 49,478,236 | 51,337,491 | 53,326,588 | 55,053,497 | |||||||||||||||||
interest income | |||||||||||||||||||||||||||
interest expense | |||||||||||||||||||||||||||
provision for credit losses on non-consumer fintech loans | 2,030,750 | 5,755,000 | 874,000 | ||||||||||||||||||||||||
provision for credit losses on consumer fintech loans | 32,222,750 | 39,790,000 | 45,868,000 | ||||||||||||||||||||||||
provision (reversal) for unfunded commitments | -186,000 | -491,000 | -364,000 | 111,000 | -256,000 | 79,000 | |||||||||||||||||||||
net interest income after provision (reversal) for credit losses | 50,656,000 | 49,143,000 | 53,129,000 | 44,890,000 | |||||||||||||||||||||||
ach, card and other payment processing fees | 5,250,000 | 5,077,000 | 5,562,000 | 5,132,000 | 4,740,000 | 3,892,000 | 3,000,000 | 2,964,000 | 2,669,000 | 2,553,000 | 2,429,000 | 2,171,000 | 2,383,000 | 2,230,000 | 2,338,000 | 1,984,000 | 1,921,000 | 1,905,000 | 1,904,000 | 1,796,000 | 1,788,000 | 1,760,000 | 1,707,000 | ||||
consumer fintech loan credit enhancement | 32,222,750 | 39,790,000 | 43,233,000 | 45,868,000 | |||||||||||||||||||||||
benefit from credit losses on non-consumer fintech loans | 1,494,000 | ||||||||||||||||||||||||||
benefit from credit losses on consumer fintech loans | 43,233,000 | ||||||||||||||||||||||||||
interest expense - sum | 48,059,000 | 1,653,000 | |||||||||||||||||||||||||
benefit from credit losses on loans | 1,829,000 | 3,476,000 | 1,477,000 | 2,169,000 | |||||||||||||||||||||||
net interest income after benefit from credit losses and provision reversal for unfunded commitments | 68,742,250 | 90,177,000 | 92,543,000 | ||||||||||||||||||||||||
write-downs and other losses on other real estate owned | |||||||||||||||||||||||||||
provision reversal for unfunded commitments | -225,000 | ||||||||||||||||||||||||||
depreciation and amortization | 1,027,000 | 949,000 | 1,028,000 | 644,000 | 681,000 | 721,000 | 678,000 | 685,000 | 744,000 | 795,000 | 759,000 | 729,000 | 706,000 | 709,000 | 745,000 | 785,000 | 828,000 | ||||||||||
printing and supplies | 59,000 | 103,000 | 123,000 | 82,000 | 128,000 | 145,000 | 86,000 | 154,000 | 102,000 | 86,000 | 94,000 | 81,000 | 130,000 | 66,000 | 74,000 | 114,000 | 168,000 | ||||||||||
amortization of intangible assets | 100,000 | 99,000 | 100,000 | 99,000 | 100,000 | 99,000 | 100,000 | 99,000 | 100,000 | 99,000 | 100,000 | 99,000 | 100,000 | 99,000 | 115,000 | 147,000 | 147,000 | ||||||||||
net interest income after benefit from credit losses | 92,249,000 | 64,469,250 | 87,130,000 | 86,834,000 | 83,913,000 | 73,983,000 | 63,837,000 | 51,346,000 | 50,531,000 | 49,280,000 | 55,020,000 | 52,935,000 | 51,159,000 | 48,699,000 | |||||||||||||
benefit from credit losses | 1,004,000 | 1,752,000 | 1,903,000 | 2,777,000 | 822,000 | 1,507,000 | 1,626,000 | 1,613,000 | -951,000 | 822,000 | 554,000 | 1,297,000 | |||||||||||||||
civil money penalty | 1,750,000 | ||||||||||||||||||||||||||
writedowns and other losses on other real estate owned | 131,000 | 165,000 | |||||||||||||||||||||||||
benefit from (reversal of) credit losses | 361,000 | -1,450,000 | |||||||||||||||||||||||||
writedown on other real estate owned | 1,019,000 | ||||||||||||||||||||||||||
interest earning deposits | 719,000 | 1,525,000 | 1,004,000 | 347,000 | 65,000 | 167,000 | 300,000 | 183,000 | 49,000 | 106,000 | 107,000 | ||||||||||||||||
income from continuing operations before income taxes | 56,248,000 | 42,433,000 | 41,127,000 | 38,106,000 | 35,557,000 | 36,484,000 | 36,998,000 | 35,126,000 | 32,676,000 | 31,025,000 | 27,070,000 | ||||||||||||||||
net income from continuing operations | 40,241,000 | 30,604,000 | 30,402,000 | 28,966,000 | 27,028,000 | 28,195,000 | 29,158,000 | 26,060,000 | 24,021,000 | 23,131,000 | 20,283,000 | ||||||||||||||||
discontinued operations | |||||||||||||||||||||||||||
income from discontinued operations before income taxes | -36,000 | 87,000 | 361,000 | -124,000 | -1,096,000 | -1,671,000 | -274,000 | ||||||||||||||||||||
income from discontinued operations, net of tax | -36,000 | 66,000 | 277,000 | -95,000 | -215,000 | ||||||||||||||||||||||
net interest income after benefit from (reversal of) credit losses | 56,019,000 | ||||||||||||||||||||||||||
income tax benefit | 21,000 | 84,000 | -29,000 | -1,246,000 | -1,794,000 | ||||||||||||||||||||||
net realized and unrealized gains on commercial loans, | |||||||||||||||||||||||||||
at fair value | 2,220,250 | 4,306,000 | 2,579,000 | ||||||||||||||||||||||||
change in value of investment in unconsolidated entity | |||||||||||||||||||||||||||
net realized and unrealized gains on commercial loans | |||||||||||||||||||||||||||
originated for sale | 1,996,000 | 1,538,000 | 684,000 | -940,000 | |||||||||||||||||||||||
service fees on deposit accounts | 7,000 | 8,000 | 5,000 | 1,226,000 | 149,000 | 228,000 | |||||||||||||||||||||
sec settlement | |||||||||||||||||||||||||||
lease termination expense | |||||||||||||||||||||||||||
provision for credit losses | 922,000 | ||||||||||||||||||||||||||
investment securities | 401,500 | 1,606,000 | 1,647,000 | ||||||||||||||||||||||||
federal funds sold | -114,000 | 348,000 | 405,000 | ||||||||||||||||||||||||
securities sold under agreements to repurchase | 12,000 | 14,000 | 12,000 | ||||||||||||||||||||||||
subordinated debt | 634,000 | 249,000 | |||||||||||||||||||||||||
long term borrowings | 500 | 2,000 | |||||||||||||||||||||||||
benefit from loan and lease losses | 11,650,000 | 1,350,000 | 750,000 | ||||||||||||||||||||||||
net interest income after benefit from loan and lease losses | 39,163,000 | 11,546,000 | 13,003,000 | ||||||||||||||||||||||||
merchant credit card deposit fees | 435,000 | 270,000 | 244,000 | ||||||||||||||||||||||||
stored value processing | 632,750 | 2,531,000 | |||||||||||||||||||||||||
loss on sales of investment securities | |||||||||||||||||||||||||||
leasing income | 967,000 | 216,000 | 385,000 | ||||||||||||||||||||||||
ach processing fees | 485,000 | 58,000 | 61,000 | ||||||||||||||||||||||||
occupancy expense | 268,750 | 1,075,000 | 704,000 | ||||||||||||||||||||||||
advertising | 683,000 | 187,000 | 172,000 | ||||||||||||||||||||||||
professional fees | 130,000 | 520,000 | 416,000 | ||||||||||||||||||||||||
amortization of intangible | 62,500 | 250,000 | |||||||||||||||||||||||||
net income before income tax | 1,165,000 | 4,660,000 | 6,463,000 | ||||||||||||||||||||||||
income tax | 458,250 | 1,833,000 | 2,609,000 | ||||||||||||||||||||||||
less preferred stock dividends and accretion | -3,743,000 | -17,000 | -17,000 | ||||||||||||||||||||||||
income allocated to series a preferred shareholders | -5,250 | -21,000 | -31,000 | ||||||||||||||||||||||||
net income available to common shareholders | -2,447,000 | 2,789,000 | 3,806,000 | ||||||||||||||||||||||||
weighted-average number of common shares | |||||||||||||||||||||||||||
basic | 14,561,640 | ||||||||||||||||||||||||||
diluted | 14,669,003 | ||||||||||||||||||||||||||
weighted-average shares—basic | 13,812,944 | ||||||||||||||||||||||||||
weighted-average shares—diluted | 14,301,852 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2014-03-31 | 2013-06-30 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2006-12-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 |
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assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and due from banks | 8,673,000 | 10,162,000 | 11,637,000 | 9,684,000 | 6,064,000 | 8,660,000 | 5,741,000 | 9,105,000 | 4,820,000 | 4,881,000 | 6,496,000 | 13,736,000 | 24,063,000 | 22,537,000 | 12,873,000 | 11,399,000 | 5,382,000 | 6,687,000 | 5,470,000 | 7,838,000 | 5,984,000 | 6,220,000 | 13,610,000 | 19,928,000 | 24,068,000 | 27,450,000 | 11,678,000 | 2,440,000 | 2,245,000 | 3,052,000 | 1,999,000 | 3,152,000 | 5,813,000 | 6,458,000 | 4,671,000 | 4,127,000 | 4,061,000 | 4,006,000 | 8,542,000 | 7,643,000 | 4,002,000 | 13,269,000 | 15,298,000 | 21,560,000 | 96,228,000 | 259,116,000 | 168,957,000 | 223,420,000 | 157,411,000 | 164,948,000 | 92,620,000 | 106,316 | 135,246,000 | 133,453,000 | 69,950,000 | 117,669,000 | 90,744,000 | 77,233,000 | 30,758,000 | 31,612,000 | 21,121,000 | 20,869,000 | 13,405,000 | 26,627,000 | 20,081,000 | 53,818,000 | 14,269,000 |
interest-earning deposits | 58,510,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash and cash equivalents | 67,183,000 | 84,679,000 | 340,265,000 | 1,021,269,000 | 570,123,000 | 55,765,000 | 405,594,000 | 1,250,468,000 | 1,038,090,000 | 903,414,000 | 880,546,000 | 787,182,000 | 888,189,000 | 722,712,000 | 342,865,000 | 674,226,000 | 601,784,000 | 317,329,000 | 588,968,000 | 1,746,587,000 | 345,515,000 | 300,978,000 | 119,588,000 | 944,472,000 | 956,508,000 | 312,273,000 | 726,192,000 | 554,302,000 | 777,579,000 | 441,050,000 | 575,158,000 | 908,935,000 | 398,931,000 | 546,921,000 | 738,961,000 | 999,059,000 | 356,129,000 | 571,460,000 | 776,523,000 | 1,155,162,000 | 1,037,413,000 | 990,326,000 | 836,609,000 | 684,789,000 | 749,174,000 | 1,191,268,000 | 368,823,000 | 853,944,000 | 472,319,000 | 749,805,000 | 263,674,000 | 338,433 | 354,459,000 | 344,992,000 | 84,099,000 | 137,829,000 | 179,506,000 | 116,284,000 | 51,363,000 | 80,592,000 | 82,158,000 | 110,011,000 | 137,121,000 | 117,093,000 | 106,921,000 | 59,705,000 | |
investment securities, available-for-sale, at fair value | 1,646,541,000 | 1,384,256,000 | 1,481,500,000 | 1,488,184,000 | 756,636,000 | 776,410,000 | 787,429,000 | 766,016,000 | 790,594,000 | 826,616,000 | 907,338,000 | 953,709,000 | 1,054,223,000 | 1,106,075,000 | 1,128,459,000 | 1,206,164,000 | 1,264,903,000 | 1,353,278,000 | 1,320,692,000 | 1,382,437,000 | 1,361,779,000 | 1,368,602,000 | 1,236,324,000 | 1,274,417,000 | 1,305,494,000 | 1,381,020,000 | 1,294,484,000 | 1,196,956,000 | 1,149,116,000 | 1,215,892,000 | 1,248,614,000 | 1,334,927,000 | 1,328,693,000 | 1,252,754,000 | 1,070,098,000 | 1,316,705,000 | 1,370,027,000 | 1,411,708,000 | 1,021,848,000 | 448,204,000 | 421,716,000 | 353,099,000 | 273,643,000 | 231,165,000 | 249,342,000 | 208,080,000 | 156,191 | 93,478,000 | 117,839,000 | 119,781,000 | 86,045,000 | 82,929,000 | 85,659,000 | ||||||||||||||
commercial loans, at fair value | 128,260,000 | 142,658,000 | 185,476,000 | 211,580,000 | 223,115,000 | 252,004,000 | 265,193,000 | 282,998,000 | 332,766,000 | 379,603,000 | 396,581,000 | 493,334,000 | 589,143,000 | 818,040,000 | 995,493,000 | 1,180,885,000 | 1,326,836,000 | 1,550,025,000 | 1,690,216,000 | 1,780,762,000 | 1,810,812,000 | 1,849,947,000 | |||||||||||||||||||||||||||||||||||||||||||||
loans, net of deferred loan fees and costs | 7,753,683,000 | 6,672,637,000 | 6,535,432,000 | 6,380,150,000 | 6,113,628,000 | 5,906,616,000 | 5,605,727,000 | 5,459,344,000 | 5,361,139,000 | 5,198,972,000 | 5,267,574,000 | 5,354,347,000 | 5,486,853,000 | 5,267,375,000 | 4,754,697,000 | 4,164,298,000 | 3,747,224,000 | 3,136,662,000 | 2,915,344,000 | 2,827,076,000 | 2,652,323,000 | 2,488,760,000 | 1,985,755,000 | 1,824,245,000 | 1,683,377,000 | 1,561,451,000 | 1,510,395,000 | 1,496,773,000 | 1,506,812,000 | 1,463,064,000 | 1,392,228,000 | 1,374,060,000 | 1,370,263,000 | 1,264,127,000 | 1,222,911,000 | 1,198,237,000 | 1,182,106,000 | 1,114,053,000 | 1,078,077,000 | 994,518,000 | 968,033,000 | 2,044,004,000 | 1,967,382,000 | ||||||||||||||||||||||||
allowance for credit losses | -63,017,000 | -64,152,000 | -59,393,000 | -52,497,000 | -31,944,000 | -31,004,000 | -28,575,000 | -28,741,000 | -27,378,000 | -24,145,000 | -23,284,000 | -23,794,000 | -22,374,000 | -19,689,000 | -19,087,000 | -19,051,000 | -17,806,000 | -16,159,000 | -15,292,000 | -16,419,000 | -16,082,000 | -15,727,000 | -14,883,000 | ||||||||||||||||||||||||||||||||||||||||||||
loans | 7,690,666,000 | 6,608,485,000 | 6,476,039,000 | 6,327,653,000 | 6,081,684,000 | 5,875,612,000 | 5,577,152,000 | 5,430,603,000 | 5,333,761,000 | 5,174,827,000 | 5,244,290,000 | 5,330,553,000 | 5,464,479,000 | 5,247,686,000 | 4,735,610,000 | 4,145,247,000 | 3,729,418,000 | 3,120,503,000 | 2,900,052,000 | 2,810,657,000 | 2,636,241,000 | 2,473,033,000 | 1,970,872,000 | 1,814,007,000 | 1,673,017,000 | 1,551,462,000 | 1,500,441,000 | 1,496,124,000 | 1,488,681,000 | 1,498,798,000 | 1,455,779,000 | 1,385,132,000 | 1,366,777,000 | 1,362,910,000 | 1,256,833,000 | 1,216,579,000 | 1,192,179,000 | 1,176,708,000 | 1,109,675,000 | 1,073,677,000 | 990,324,000 | 963,681,000 | 1,997,595,000 | 1,927,108,000 | 1,715,260,000 | 1,687,977,000 | 1,650,975,000 | 1,610,451,000 | 1,595,132,000 | 1,568,709,000 | 1,554,189,000 | 1,507,334 | 1,504,599,000 | 1,494,695,000 | 1,441,885,000 | 1,452,579,000 | 1,431,988,000 | 1,454,147,000 | 1,413,333,000 | 1,351,325,000 | 1,276,556,000 | 1,252,806,000 | 1,056,419,000 | 607,637,000 | 551,811,000 | 493,681,000 | |
stock in federal reserve, federal home loan and atlantic central bankers banks | 37,785,000 | 25,250,000 | 16,250,000 | 16,250,000 | 15,642,000 | 21,717,000 | 15,642,000 | 15,642,000 | 15,591,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premises and equipment | 29,046,000 | 25,947,000 | 26,495,000 | 27,130,000 | 27,566,000 | 28,091,000 | 28,038,000 | 27,482,000 | 27,474,000 | 28,978,000 | 26,408,000 | 21,319,000 | 18,401,000 | 18,443,000 | 16,693,000 | 16,314,000 | 16,156,000 | 16,602,000 | 17,392,000 | 17,196,000 | 17,608,000 | 15,849,000 | 17,148,000 | 17,538,000 | 17,857,000 | 17,380,000 | 18,056,000 | 18,895,000 | 17,686,000 | 18,275,000 | 19,052,000 | 20,051,000 | 21,087,000 | 22,004,000 | 22,993,000 | 24,125,000 | 21,797,000 | 22,429,000 | 21,692,000 | 21,631,000 | 18,893,000 | 19,271,000 | 15,692,000 | 13,709,000 | 8,358,000 | 8,307,000 | 8,296,000 | 8,533,000 | 8,767,000 | 8,602,000 | 8,229,000 | 8,140 | 7,942,000 | 7,740,000 | 8,129,000 | 8,496,000 | 8,279,000 | 7,009,000 | 6,497,000 | 6,938,000 | 6,660,000 | 3,867,000 | 3,951,000 | 3,848,000 | 3,784,000 | 3,863,000 | 3,267,000 |
accrued interest receivable | 41,315,000 | 43,831,000 | 40,607,000 | 42,464,000 | 41,713,000 | 42,915,000 | 43,720,000 | 37,861,000 | 37,534,000 | 34,159,000 | 34,062,000 | 33,729,000 | 32,005,000 | 25,506,000 | 19,264,000 | 17,284,000 | 17,871,000 | 17,180,000 | 18,668,000 | 20,164,000 | 20,458,000 | 18,852,000 | 15,660,000 | 13,619,000 | 13,898,000 | 14,567,000 | 13,907,000 | 12,753,000 | 11,621,000 | 11,810,000 | 11,778,000 | 10,900,000 | 10,131,000 | 10,880,000 | 10,296,000 | 10,589,000 | 10,496,000 | 10,271,000 | 9,172,000 | 9,471,000 | 11,232,000 | 11,526,000 | 14,715,000 | 12,360,000 | 8,476,000 | 8,541,000 | 7,839,000 | 8,807,000 | 8,878,000 | 8,396,000 | 8,483,000 | 7,589 | 7,722,000 | 7,708,000 | 7,499,000 | 6,872,000 | 7,799,000 | 7,539,000 | 8,051,000 | 8,097,000 | 9,686,000 | 8,602,000 | 8,537,000 | 4,840,000 | 3,602,000 | 3,413,000 | 3,096,000 |
other real estate owned | 60,998,000 | 61,974,000 | 66,054,000 | 67,129,000 | 62,025,000 | 61,739,000 | 57,861,000 | 19,559,000 | 16,949,000 | 18,756,000 | 20,952,000 | 21,117,000 | 21,210,000 | 18,873,000 | 18,873,000 | 18,873,000 | 1,530,000 | 2,145,000 | 405,000 | 405,000 | 405,000 | 450,000 | 104,000 | 104,000 | 27,763,000 | 6,308,000 | 7,405,000 | 6,415,000 | 3,764,000 | 3,379,000 | 2,115,000 | 225,000 | 459,000 | 648 | 459,000 | 4,600,000 | 4,600,000 | ||||||||||||||||||||||||||||||
deferred tax asset | 21,139,000 | 10,034,000 | 12,436,000 | 13,585,000 | 18,874,000 | 9,604,000 | 20,556,000 | 21,764,000 | 21,219,000 | 20,379,000 | 19,215,000 | 18,290,000 | 19,703,000 | 27,241,000 | 23,344,000 | 18,521,000 | 12,667,000 | 12,237,000 | 10,923,000 | 10,900,000 | 9,757,000 | 7,952,000 | 12,797,000 | 12,538,000 | 13,006,000 | 14,574,000 | 18,423,000 | 21,622,000 | 40,991,000 | 39,779,000 | 38,139,000 | 34,802,000 | 53,017,000 | 53,226,000 | 54,155,000 | 55,666,000 | 29,765,000 | 28,870,000 | 32,462,000 | 36,207,000 | 33,857,000 | 35,874,000 | 27,451,000 | 27,613,000 | 21,941,000 | 19,902,000 | 21,960,000 | 23,817,000 | 24,365,000 | 19,434,000 | 20,258,000 | 20,872 | 20,875,000 | 22,220,000 | 23,017,000 | 22,794,000 | |||||||||||
credit enhancement asset | 29,769,000 | 29,318,000 | 26,982,000 | 20,199,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 146,062,000 | 182,037,000 | 166,072,000 | 149,130,000 | 182,687,000 | 157,501,000 | 149,187,000 | 109,680,000 | 133,126,000 | 127,107,000 | 122,435,000 | 99,427,000 | 89,176,000 | 93,201,000 | 137,086,000 | 99,961,000 | 96,967,000 | 86,105,000 | 91,516,000 | 90,530,000 | 81,129,000 | 79,821,000 | 79,925,000 | 81,696,000 | 94,605,000 | 76,123,000 | 75,642,000 | 62,925,000 | 60,337,000 | 56,499,000 | 86,553,000 | 78,543,000 | 51,164,000 | 53,888,000 | 55,351,000 | 50,611,000 | 55,519,000 | 60,203,000 | 50,802,000 | 47,629,000 | 53,123,000 | 43,804,000 | 38,301,000 | 28,031,000 | 20,727,000 | 22,538,000 | 24,477,000 | 24,071,000 | 22,613,000 | 24,554,000 | 29,497,000 | 22,063 | 22,527,000 | 12,036,000 | 13,121,000 | 13,567,000 | 19,893,000 | 18,466,000 | 17,632,000 | 10,595,000 | 8,928,000 | 9,594,000 | 8,913,000 | 8,074,000 | 7,453,000 | 6,400,000 | 7,589,000 |
total assets | 9,898,764,000 | 8,599,424,000 | 8,839,231,000 | 9,385,727,000 | 8,727,543,000 | 8,094,590,000 | 8,145,401,000 | 7,915,856,000 | 7,705,695,000 | 7,465,767,000 | 7,542,906,000 | 7,606,959,000 | 7,903,000,000 | 7,777,074,000 | 7,119,735,000 | 7,082,660,000 | 6,843,239,000 | 6,268,463,000 | 6,550,607,000 | 7,747,341,000 | 6,276,841,000 | 6,169,302,000 | 5,458,108,000 | 5,656,963,000 | 4,943,536,000 | 4,603,568,000 | 4,626,976,000 | 4,437,911,000 | 4,360,200,000 | 4,221,874,000 | 4,369,100,000 | 4,708,147,000 | 3,993,618,000 | 4,304,017,000 | 4,404,642,000 | 4,858,114,000 | 4,217,511,000 | 4,401,775,000 | 4,379,719,000 | 4,765,823,000 | 4,714,447,000 | 4,657,607,000 | 4,699,623,000 | 3,876,495,000 | 3,010,681,000 | 3,393,013,000 | 2,465,839,000 | 2,836,697,000 | 2,395,723,000 | 2,659,676,000 | 2,123,870,000 | 2,092,513 | 2,043,534,000 | 2,041,034,000 | 1,731,578,000 | 1,767,072,000 | 1,792,375,000 | 1,780,942,000 | 1,677,406,000 | 1,647,454,000 | 1,568,382,000 | 1,508,187,000 | 1,334,838,000 | 917,471,000 | 838,829,000 | 736,966,000 | |
liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits | 2,189,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
demand and interest checking | 8,281,037,000 | 7,254,896,000 | 7,705,813,000 | 8,283,262,000 | 7,434,212,000 | 6,844,128,000 | 7,095,391,000 | 6,828,159,000 | 6,630,251,000 | 6,455,043,000 | 6,554,967,000 | 6,607,767,000 | 6,559,617,000 | 5,934,591,000 | 5,394,562,000 | 5,506,083,000 | 5,561,365,000 | 4,734,352,000 | 5,225,024,000 | 6,231,220,000 | 5,205,010,000 | 4,882,834,000 | 4,512,949,000 | 4,402,740,000 | 3,844,747,000 | 3,964,905,000 | 3,993,828,000 | 3,904,638,000 | 3,540,605,000 | 3,287,682,000 | 3,461,881,000 | 3,806,965,000 | 3,113,212,000 | 3,437,482,000 | 3,607,076,000 | 3,816,524,000 | 3,364,103,000 | 3,569,669,000 | 3,610,003,000 | 3,602,376,000 | 4,002,638,000 | 3,993,393,000 | 3,842,569,000 | 2,963,170,000 | |||||||||||||||||||||||
savings and money market | 148,988,000 | 75,901,000 | 60,122,000 | 81,320,000 | 311,834,000 | 81,624,000 | 60,297,000 | 62,597,000 | 50,659,000 | 49,428,000 | 68,084,000 | 96,890,000 | 140,496,000 | 575,381,000 | 486,189,000 | 722,240,000 | 415,546,000 | 378,160,000 | 459,688,000 | 690,281,000 | 257,050,000 | 505,928,000 | 178,174,000 | 174,290,000 | 25,950,000 | 26,841,000 | 31,470,000 | 31,076,000 | 317,453,000 | 511,598,000 | 493,288,000 | 453,877,000 | 452,183,000 | 438,602,000 | 428,723,000 | 421,780,000 | 402,832,000 | 389,851,000 | 388,953,000 | 383,832,000 | 376,577,000 | 321,264,000 | 393,329,000 | 469,238,000 | |||||||||||||||||||||||
total deposits | 8,430,025,000 | 7,330,797,000 | 7,765,935,000 | 8,364,582,000 | 7,746,046,000 | 6,925,752,000 | 7,155,688,000 | 6,890,756,000 | 6,680,910,000 | 6,504,471,000 | 6,623,051,000 | 6,704,657,000 | 7,030,113,000 | 6,911,303,000 | 5,880,751,000 | 6,228,323,000 | 5,976,911,000 | 5,112,512,000 | 5,684,712,000 | 6,921,501,000 | 5,462,060,000 | 5,388,762,000 | 4,691,123,000 | 5,052,030,000 | 4,345,697,000 | 3,991,746,000 | 4,025,298,000 | 3,935,714,000 | 3,858,058,000 | 3,799,280,000 | 3,955,169,000 | 4,260,842,000 | 3,565,395,000 | 3,876,084,000 | 4,035,799,000 | 4,238,304,000 | 3,766,935,000 | 4,060,680,000 | 3,998,956,000 | 4,414,757,000 | 4,379,215,000 | 4,316,057,000 | 4,247,208,000 | 3,450,657,000 | 2,682,551,000 | 3,073,501,000 | 2,162,703,000 | 2,531,109,000 | 2,024,097,000 | 2,422,387,000 | 1,881,607,000 | 1,862,283 | 1,654,509,000 | 1,775,475,000 | 1,490,485,000 | 1,481,923,000 | 1,525,362,000 | 1,459,129,000 | 1,314,367,000 | 1,254,770,000 | 1,278,318,000 | 1,105,924,000 | 1,069,255,000 | 732,588,000 | 657,703,000 | 557,066,000 | |
short-term borrowings | 470,000,000 | 200,000,000 | 135,000,000 | 385,000,000 | 300,000,000 | 140,000,000 | 45,000,000 | 70,000,000 | 87,000,000 | 100,000,000 | 41,000,000 | 86,000,000 | 61,000,000 | 230,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
senior debt | 196,320,000 | 196,052,000 | 96,391,000 | 96,303,000 | 96,214,000 | 96,125,000 | 96,037,000 | 95,948,000 | 95,859,000 | 95,771,000 | 95,682,000 | 99,142,000 | 99,050,000 | 98,958,000 | 98,866,000 | 98,774,000 | 98,682,000 | 98,590,000 | 98,498,000 | 98,406,000 | 98,314,000 | 98,222,000 | |||||||||||||||||||||||||||||||||||||||||||||
subordinated debentures | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | |||||||||||||||||||||||||||||
other long-term borrowings | 13,626,000 | 13,806,000 | 13,898,000 | 13,988,000 | 14,081,000 | 38,157,000 | 38,283,000 | 38,407,000 | 38,561,000 | 9,861,000 | 9,917,000 | 9,972,000 | 10,028,000 | 38,928,000 | 39,125,000 | 39,318,000 | 39,521,000 | 39,715,000 | 39,901,000 | 40,085,000 | 40,462,000 | ||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 78,442,000 | 67,206,000 | 89,340,000 | 67,766,000 | 68,018,000 | 70,829,000 | 65,001,000 | 60,579,000 | 69,641,000 | 68,533,000 | 51,646,000 | 54,597,000 | 56,335,000 | 50,704,000 | 46,014,000 | 50,507,000 | 62,228,000 | 66,226,000 | 94,944,000 | 77,142,000 | 81,583,000 | 69,954,000 | 74,625,000 | 65,962,000 | 59,005,000 | 53,862,000 | 111,905,000 | 40,253,000 | 54,868,000 | 34,485,000 | 28,299,000 | 67,215,000 | 32,699,000 | 40,560,000 | 45,400,000 | 44,073,000 | 27,744,000 | 37,094,000 | 51,102,000 | 16,739,000 | 7,100,000 | 10,038,000 | 56,353,000 | 49,091,000 | 9,950,000 | 12,262,000 | 7,109,000 | 14,654,000 | 8,812,000 | 12,918,000 | 17,367,000 | 6,401 | 27,471,000 | 4,596,000 | 2,613,000 | 808,000 | 315,000 | 1,353,000 | 205,000 | 1,308,000 | 1,693,000 | 2,488,000 | 2,054,000 | 2,250,000 | 1,786,000 | 3,485,000 | 2,239,000 |
total liabilities | 9,201,814,000 | 7,821,262,000 | 7,978,965,000 | 8,556,040,000 | 7,937,760,000 | 7,279,264,000 | 7,368,410,000 | 7,099,091,000 | 6,898,414,000 | 6,692,079,000 | 6,793,739,000 | 6,881,811,000 | 7,208,969,000 | 7,113,336,000 | 6,463,199,000 | 6,430,365,000 | 6,190,785,000 | 5,630,486,000 | 5,931,498,000 | 7,150,577,000 | 5,695,677,000 | 5,610,843,000 | 4,960,004,000 | 5,172,466,000 | 4,459,362,000 | 4,145,436,000 | 4,192,196,000 | 4,031,135,000 | 3,968,326,000 | 3,889,327,000 | 4,039,208,000 | 4,383,998,000 | 3,654,157,000 | 3,972,998,000 | 4,094,873,000 | 4,559,151,000 | 3,878,433,000 | 4,111,493,000 | 4,064,130,000 | 4,445,822,000 | 4,400,750,000 | 4,341,853,000 | 4,333,453,000 | 3,532,303,000 | 2,739,202,000 | 3,124,334,000 | 2,203,602,000 | 2,579,096,000 | 2,196,817,000 | 2,458,244,000 | 1,920,092,000 | 1,890,466 | 1,798,331,000 | 1,794,490,000 | 1,550,299,000 | 1,585,910,000 | 1,611,972,000 | 1,608,178,000 | 1,504,743,000 | 1,467,266,000 | 1,392,123,000 | 1,345,603,000 | 1,185,930,000 | 782,524,000 | 705,736,000 | 606,282,000 | |
shareholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 48,750,251 and 41,858,545 shares issued and outstanding, respectively, at march 31, 2026 and 48,404,006 and 42,355,361 shares issued and outstanding, respectively, at december 31, 2025 | 48,750,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 28,616,000 | 19,400,000 | 12,608,000 | 7,470,000 | 3,233,000 | 26,573,000 | 72,171,000 | 166,335,000 | 212,431,000 | 234,320,000 | 256,115,000 | 277,814,000 | 299,279,000 | 311,569,000 | 323,774,000 | 336,604,000 | 349,686,000 | 357,528,000 | 363,241,000 | 370,481,000 | 378,218,000 | 376,751,000 | 372,984,000 | 371,633,000 | 370,113,000 | 368,771,000 | 367,483,000 | 366,181,000 | 365,749,000 | 364,460,000 | 363,605,000 | 363,196,000 | 362,340,000 | 361,478,000 | 360,801,000 | 360,564,000 | 359,793,000 | 301,680,000 | 301,018,000 | 300,549,000 | 299,470,000 | 298,978,000 | 295,824,000 | 286,321,000 | 241,997,000 | 241,473,000 | 241,011,000 | 240,640,000 | 192,711,000 | 192,492,000 | 197,027,000 | 196,898 | 196,875,000 | 196,827,000 | 146,293,000 | 145,183,000 | 145,156,000 | 138,876,000 | 138,848,000 | 138,821,000 | 138,808,000 | 127,288,000 | 125,572,000 | 124,278,000 | 124,301,000 | 124,317,000 | 121,337,000 |
retained earnings | 1,067,437,000 | 951,076,000 | 896,149,000 | 836,328,000 | 779,155,000 | 723,247,000 | 671,730,000 | 618,044,000 | 561,615,000 | 517,587,000 | 467,450,000 | 418,441,000 | 369,319,000 | 329,078,000 | 298,474,000 | 268,072,000 | 239,106,000 | 212,114,000 | 183,853,000 | 154,418,000 | 104,282,000 | -33,429,000 | -27,854,000 | 27,424,000 | 19,993,000 | 23,871,000 | 23,628,000 | 27,916,000 | 25,106,000 | 22,141,000 | 10,881,000 | ||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 3,459,000 | 8,814,000 | 1,609,000 | 17,275,000 | -30,257,000 | -33,111,000 | -22,577,000 | -9,536,000 | 6,291,000 | 11,004,000 | 14,557,000 | 14,617,000 | 17,708,000 | 20,701,000 | 7,600,000 | 6,047,000 | 9,128,000 | 4,889,000 | 7,901,000 | 9,244,000 | 3,853,000 | -2,094,000 | 10,664,000 | 7,638,000 | 5,983,000 | 1,281,000 | 6,429,000 | 6,575,000 | 2,877,000 | 2,995,000 | 1,394,000 | 199 | 768,000 | ||||||||||||||||||||||||||||||||||
treasury stock | -451,312,000 | -249,532,000 | -98,204,000 | -60,338,000 | -22,681,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | -866,000 | |||||||||||||||||||||||||||||||||||||
total shareholders' equity | 696,950,000 | 778,162,000 | 860,266,000 | 829,687,000 | 789,783,000 | 815,326,000 | 776,991,000 | 816,765,000 | 807,281,000 | 773,688,000 | 749,167,000 | 725,148,000 | 694,031,000 | 663,738,000 | 656,536,000 | 652,295,000 | 652,454,000 | 637,977,000 | 619,109,000 | 596,764,000 | 581,164,000 | 558,459,000 | 498,104,000 | 484,497,000 | 484,174,000 | 458,132,000 | 434,780,000 | 406,776,000 | 391,874,000 | 332,547,000 | 329,892,000 | 324,149,000 | 339,461,000 | 331,019,000 | 309,769,000 | 298,963,000 | 339,078,000 | 290,282,000 | 315,589,000 | 320,001,000 | 313,697,000 | 315,754,000 | 366,170,000 | 344,192,000 | 271,479,000 | 268,679,000 | 262,237,000 | 257,601,000 | 198,906,000 | 201,432,000 | 203,778,000 | 202,047 | 245,203,000 | 133,093,000 | |||||||||||||
total liabilities and shareholders' equity | 9,898,764,000 | 8,599,424,000 | 8,839,231,000 | 9,385,727,000 | 8,727,543,000 | 8,094,590,000 | 8,145,401,000 | 7,915,856,000 | 7,705,695,000 | 7,465,767,000 | 7,542,906,000 | 7,606,959,000 | 7,903,000,000 | 7,777,074,000 | 7,119,735,000 | 7,082,660,000 | 6,843,239,000 | 6,268,463,000 | 6,550,607,000 | 7,747,341,000 | 6,276,841,000 | 6,169,302,000 | 5,458,108,000 | 5,656,963,000 | 4,943,536,000 | 4,603,568,000 | 4,626,976,000 | 4,437,911,000 | 4,360,200,000 | 4,221,874,000 | 4,369,100,000 | 4,708,147,000 | 3,993,618,000 | 4,304,017,000 | 4,404,642,000 | 4,858,114,000 | 4,217,511,000 | 4,401,775,000 | 4,379,719,000 | 4,765,823,000 | 4,714,447,000 | 4,657,607,000 | 4,699,623,000 | 3,876,495,000 | 3,010,681,000 | 3,393,013,000 | 2,465,839,000 | 2,836,697,000 | 2,395,723,000 | 2,659,676,000 | 2,123,870,000 | 2,092,513 | 2,043,534,000 | 838,829,000 | |||||||||||||
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest-earning deposits at federal reserve bank | 74,517,000 | 328,628,000 | 1,011,585,000 | 564,059,000 | 47,105,000 | 399,853,000 | 1,241,363,000 | 1,033,270,000 | 898,533,000 | 874,050,000 | 773,446,000 | 864,126,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets | 955,000 | 1,055,000 | 1,154,000 | 1,254,000 | 1,353,000 | 1,452,000 | 1,552,000 | 1,651,000 | 1,751,000 | 1,850,000 | 1,950,000 | 2,049,000 | 2,149,000 | 2,248,000 | 2,348,000 | 2,447,000 | 2,547,000 | 2,646,000 | 2,746,000 | 2,845,000 | 2,563,000 | 2,857,000 | 2,315,000 | 2,698,000 | 3,081,000 | 3,463,000 | 3,846,000 | 4,229,000 | 4,612,000 | 4,995,000 | 5,377,000 | 5,185,000 | 5,515,000 | 5,844,000 | 6,906,000 | 5,682,000 | 6,074,000 | 4,672,000 | 4,929,000 | 5,248,000 | 5,541,000 | 7,407,000 | 6,503,000 | 8,004,000 | 8,254,000 | 8,504,000 | 8,754,000 | 9,005,000 | 9,255,000 | 9,505,000 | 9,755 | 10,005,000 | 10,255,000 | 10,505,000 | 10,755,000 | 11,256,000 | 11,506,000 | 11,756,000 | 12,006,000 | ||||||||
liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 48,404,006 and 44,528,879 shares issued and outstanding, respectively, at september 30, 2025 and 47,713,481 and 47,310,750 shares issued and outstanding, respectively, at december 31, 2024 | 48,404,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 48,104,006 and 46,262,932 shares issued and outstanding, respectively, at june 30, 2025 and 47,713,481 and 47,310,750 shares issued and outstanding, respectively, at december 31, 2024 | 48,104,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 48,067,178 and 46,980,002 shares issued and outstanding, respectively, at march 31, 2025 and 47,713,481 and 47,310,750 shares issued and outstanding, respectively, at december 31, 2024 | 48,067,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -1,840,000 | -17,637,000 | -16,178,000 | -19,867,000 | -19,968,000 | -32,086,000 | -28,940,000 | -26,437,000 | -5,518,000 | -14,168,000 | -21,519,000 | -18,245,000 | -13,809,000 | -4,557,000 | -23,000 | -337,000 | -1,946,000 | -4,213,000 | -728,000 | -1,791,000 | -89,000 | -1,159,000 | -724,000 | -828,000 | -4,547,000 | -4,377,000 | -1,112,000 | -2,216,000 | -669,000 | -1,270,000 | -1,426,000 | -325,000 | -895,000 | ||||||||||||||||||||||||||||||||||
investment securities, available-for-sale, at fair value, net of 10.0 million allowance for credit loss at december 31, 2023 | 1,502,860,000 | 747,534,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities sold under agreements to repurchase | 42,000 | 42,000 | 42,000 | 42,000 | 42,000 | 42,000 | 42,000 | 42,000 | 42,000 | 42,000 | 42,000 | 42,000 | 42,000 | 42,000 | 42,000 | 82,000 | 93,000 | 93,000 | 93,000 | 93,000 | 158,000 | 161,000 | 182,000 | 217,000 | 180,000 | 273,000 | 273,000 | 274,000 | 353,000 | 318,000 | 671,000 | 925,000 | 1,034,000 | 2,357,000 | 16,491,000 | 19,059,000 | 33,177,000 | 25,057,000 | 20,258,000 | 19,783,000 | 14,383,000 | 9,429,000 | 7,552,000 | 8,245 | 2,588,000 | 696,000 | 2,394,000 | 3,364,000 | 9,419,000 | 3,249,000 | 2,005,000 | 2,658,000 | 3,846,000 | 3,845,000 | 8,145,000 | 6,908,000 | 5,546,000 | 5,252,000 | 6,837,000 | ||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 47,713,481 and 47,310,750 shares issued and outstanding, respectively, at december 31, 2024 and 53,202,630 shares issued and outstanding at december 31, 2023 | 47,713,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, available-for-sale, at fair value, net of 10.0 million allowance for credit loss effective december 31, 2023 | 1,588,289,000 | 1,581,006,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 48,230,334 and 53,202,630 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at september 30, 2024 and december 31, 2023, respectively | 48,231,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 49,267,403 and 53,202,630 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at june 30, 2024 and december 31, 2023, respectively | 49,268,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, available-for-sale, at fair value, net of 10.0 million allowance for credit loss | 718,247,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 52,253,037 and 53,202,630 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at march 31, 2024 and december 31, 2023, respectively | 52,253,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
time deposits, 100,000 and over | 330,000,000 | 401,331,000 | 2,195,000 | 5,747,000 | 9,742,000 | 10,341,000 | 11,427,000 | 11,830,000 | 11,657,000 | 8,672,000 | 10,455,000 | 12,339 | 17,565,000 | 23,350,000 | 20,420,000 | 20,480,000 | 23,016,000 | 27,623,000 | 27,923,000 | 28,402,000 | 23,380,000 | 22,274,000 | 22,218,000 | 9,584,000 | 1,530,000 | 25,139,000 | 23,647,000 | ||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 53,202,630 and 55,689,627 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at december 31, 2023 and december 31, 2022, respectively | 53,203,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal home loan bank, atlantic central bankers bank, and federal reserve bank stock | 20,157,000 | 20,157,000 | 12,629,000 | 12,629,000 | 12,629,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 53,867,129 and 55,689,627 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at september 30, 2023 and december 31, 2022, respectively | 53,867,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 54,542,284 and 55,689,627 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at june 30, 2023 and december 31, 2022, respectively | 54,542,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 55,329,629 and 55,689,627 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at march 31, 2023 and december 31, 2022, respectively | 55,330,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held-for-sale from discontinued operations | 82,191,000 | 87,904,000 | 97,496,000 | 106,925,000 | 113,650,000 | 122,253,000 | 134,118,000 | 140,657,000 | 162,098,000 | 169,109,000 | 188,025,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 55,689,627 and 57,370,563 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at december 31, 2022 and december 31, 2021, respectively | 55,690,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest earning deposits at federal reserve bank | 700,175,000 | 329,992,000 | 662,827,000 | 596,402,000 | 310,642,000 | 583,498,000 | 1,738,749,000 | 339,531,000 | 294,758,000 | 105,978,000 | 924,544,000 | 932,440,000 | 284,823,000 | 714,514,000 | 551,862,000 | 710,816,000 | 373,782,000 | 508,847,000 | 841,471,000 | 328,023,000 | 475,387,000 | 669,042,000 | 955,733,000 | 312,605,000 | 528,094,000 | 757,773,000 | 1,147,519,000 | 995,441,000 | 936,989,000 | 796,385,000 | 622,989,000 | 652,946,000 | |||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 56,201,560 and 57,370,563 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at september 30, 2022 and december 31, 2021, respectively | 56,202,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal home loan bank and atlantic central bankers bank stock | 1,643,000 | 1,663,000 | 1,663,000 | 1,663,000 | 1,667,000 | 1,368,000 | 1,368,000 | 1,368,000 | 1,142,000 | 5,342,000 | 4,342,000 | 6,342,000 | 1,113,000 | 1,113,000 | 1,113,000 | 1,113,000 | 991,000 | 991,000 | 991,000 | 6,211,000 | 2,589,000 | 11,014,000 | |||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 56,865,494 and 57,370,563 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at june 30, 2022 and december 31, 2021, respectively | 56,865,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 57,155,028 and 57,370,563 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at march 31, 2022 and december 31, 2021, respectively | 57,155,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated entity, at fair value | 24,988,000 | 31,047,000 | 31,294,000 | 31,783,000 | 34,273,000 | 39,154,000 | 49,431,000 | 58,012,000 | 58,258,000 | 59,273,000 | 64,212,000 | 67,994,000 | 70,016,000 | 74,473,000 | 107,711,000 | 120,862,000 | 125,982,000 | 126,930,000 | 157,396,000 | 162,275,000 | 177,211,000 | 178,520,000 | 186,656,000 | 187,186,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 57,370,563 and 57,550,629 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at december 31, 2021 and december 31, 2020, respectively | 57,371,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 57,330,846 and 57,550,629 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at september 30, 2021 and december 31, 2020, respectively | 57,331,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 57,458,287 and 57,550,629 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at june 30, 2021 and december 31, 2020, respectively | 57,458,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 57,247,913 and 57,550,629 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at march 31, 2021 and december 31, 2020, respectively | 57,248,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, held-to-maturity | 84,387,000 | 84,399,000 | 84,414,000 | 84,428,000 | 84,432,000 | 84,433,000 | 86,354,000 | 86,370,000 | 86,380,000 | 86,402,000 | 93,419,000 | 93,443,000 | 93,467,000 | 93,495,000 | 93,537,000 | 93,550,000 | 93,590,000 | 93,604,000 | 93,649,000 | 97,149,000 | 95,662,000 | 18,044,000 | 18,095,000 | 18,102,000 | 21,298,000 | 21,364,000 | 21,354,000 | 21,496,000 | 21,488 | 21,468,000 | 23,549,000 | 23,542,000 | 23,535,000 | 23,529,000 | 30,447,000 | ||||||||||||||||||||||||||||||||
time deposits | 475,000,000 | 475,000,000 | 101,160,000 | 428,549,000 | 1,400,000 | 9,115,000 | 12,502,000 | 25,528,000 | 25,552,000 | 1,394,000 | 1,397,000 | 90,862,000 | 9,218,000 | 140,285,000 | 1,317 | 125,255,000 | 71,000,000 | 155,888,000 | 116,046,000 | 357,831,000 | 361,561,000 | 499,659,000 | 396,757,000 | 390,684,000 | 377,792,000 | 435,751,000 | 255,178,000 | 274,232,000 | 207,955,000 | 191,623,000 | |||||||||||||||||||||||||||||||||||||
long-term borrowings | 40,277,000 | 40,813,000 | 40,991,000 | 41,166,000 | 41,334,000 | 41,499,000 | 41,674,000 | 41,841,000 | 42,000,000 | 42,157,000 | 42,323,000 | 42,482,000 | 42,680,000 | 263,099,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 57,650,629 and 56,940,521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at december 31, 2020 and december 31, 2019, respectively | 57,651,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated earnings | 128,453,000 | 60,960,000 | 50,742,000 | 48,888,000 | 28,463,000 | 17,113,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 57,590,874 and 56,940,521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at september 30, 2020 and december 31, 2019, respectively | 57,591,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial loans held-for-sale, at fair value | 1,716,450,000 | 1,180,546,000 | 489,240,000 | 934,452,000 | 570,426,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 57,425,556 and 56,940,521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at march 31, 2020 and december 31, 2019, respectively | 57,426,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
allowance for loan and lease losses | -10,238,000 | -10,360,000 | -9,989,000 | -9,954,000 | -8,653,000 | -8,092,000 | -8,014,000 | -7,285,000 | -7,096,000 | -7,283,000 | -7,353,000 | -7,294,000 | -6,332,000 | -6,058,000 | -5,398,000 | -4,378,000 | -4,400,000 | -4,194,000 | -4,352,000 | -46,409,000 | -40,274,000 | -29,568,000 | -27,671,000 | -27,685,000 | -25,802,000 | -24,063,000 | -21,798,000 | -22,336,000 | -20,357 | -19,123,000 | -18,436,000 | -18,080,000 | -18,977,000 | -17,361,000 | -15,468,000 | -14,245,000 | -11,328,000 | -10,233,000 | -9,527,000 | -8,400,000 | -5,513,000 | -4,610,000 | -4,101,000 | ||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 56,940,521 and 56,446,088 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at december 31, 2019 and december 31, 2018, respectively | 56,941,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 56,910,521 and 56,446,088 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at september 30, 2019 and december 31, 2018, respectively | 56,911,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 56,874,956 and 56,446,088 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at june 30, 2019 and december 31, 2018, respectively | 56,875,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 56,568,004 and 56,446,088 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at march 31, 2019 and december 31, 2018, respectively | 56,568,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities purchased under agreements to resell | 64,518,000 | 64,216,000 | 64,312,000 | 64,312,000 | 65,095,000 | 65,076,000 | 65,248,000 | 39,199,000 | 39,463,000 | 39,360,000 | 10,208,000 | 37,970,000 | 40,068,000 | 24,926,000 | 40,240,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial loans held for sale, at fair value | 688,471,000 | 308,470,000 | 447,997,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of deferred fees and costs | 1,504,777,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale from discontinued operations | 197,831,000 | 226,026,000 | 241,694,000 | 289,038,000 | 304,313,000 | 314,994,000 | 336,246,000 | 341,286,000 | 360,711,000 | 386,155,000 | 487,373,000 | 536,548,000 | 583,909,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 56,446,088 and 55,861,150 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at december 31, 2018 and december 31, 2017, respectively | 56,446,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -817,000 | -7,936,000 | -69,213,000 | -75,345,000 | -89,485,000 | -77,850,000 | -85,114,000 | -103,978,000 | -111,941,000 | -83,169,000 | -57,721,000 | -26,361,000 | -15,449,000 | -9,277,000 | -12,565,000 | -14,847,000 | -15,507,000 | -18,195,000 | -20,236,000 | -20,824,000 | -21,231 | -17,175,000 | -16,242,000 | -17,029,000 | -17,154,000 | -1,544,000 | -5,894,000 | -7,572,000 | |||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at september 30, 2018 and december 31, 2017, respectively | 56,446,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 56,410,525 and 55,861,150 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at june 30, 2018 and december 31, 2017, respectively | 56,411,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial loans held for sale | 349,806,000 | 503,316,000 | 380,272,000 | 542,819,000 | 480,913,000 | 663,140,000 | 562,957,000 | 441,593,000 | 313,595,000 | 489,938,000 | 354,600,000 | 284,501,000 | 222,024,000 | 49,355,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 56,307,088 and 55,861,150 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at march 31, 2018 and december 31, 2017, respectively | 56,307,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 55,861,150 and 55,419,204 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at december 31, 2017 and december 31, 2016, respectively | 55,861,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 55,859,660 and 55,419,204 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at september 30, 2017 and december 31, 2016, respectively | 55,860,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 55,857,645 and 55,419,204 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at june 30, 2017 and december 31, 2016, respectively | 55,858,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 55,757,559 and 55,419,204 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at march 31, 2017 and december 31, 2016, respectively | 55,758,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal home loan and atlantic central bankers bank stock | 1,613,000 | 1,062,000 | 1,063,000 | 1,063,000 | 3,209,000 | 3,209,000 | 5,088,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 55,419,204 and 37,861,303 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at december 31, 2016 and december 31, 2015, respectively | 55,419,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
subordinated debenture | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | 13,401,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 55,419,204 and 37,861,218 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at september 30, 2016 and december 31, 2015, respectively | 55,419,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal home loan bank and atlantic community bancshares stock | 12,289,000 | 1,063,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 75,000,000 shares of 1.00 par value; 37,945,238 and 37,861,218 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at june 30, 2016 and december 31, 2015, respectively | 37,945,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 50,000,000 shares of 1.00 par value; 37,945,153 and 37,861,218 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at march 31, 2016 and december 31, 2015, respectively | 37,945,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 50,000,000 shares of 1.00 par value; 37,861,218 and 37,808,777 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at december 31, 2015 and december 31, 2014, respectively | 37,861,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 611,729,000 | 651,158,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 50,000,000 shares of 1.00 par value; 37,858,322 and 37,808,777 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at september 30, 2015 and december 31, 2014, respectively | 37,858,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 50,000,000 shares of 1.00 par value; 37,858,237 and 37,808,777 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at june 30, 2015 and december 31, 2014, respectively | 37,858,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 50,000,000 shares of 1.00 par value; 37,804,902 and 37,720,945 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at at march 31, 2014 and december 31, 2013, respectively | 37,805,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest payable | 95,000 | 123,000 | 113,000 | 131,000 | 149,000 | 124,000 | 109,000 | 165,000 | 136 | 362,000 | 322,000 | 406,000 | 414,000 | 2,475,000 | 2,796,000 | 4,765,000 | 5,129,000 | 4,865,000 | 3,346,000 | 6,476,000 | 778,000 | 701,000 | 479,000 | 320,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 50,000,000 shares of 1.00 par value; 37,462,939 and 37,246,655 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at at june 30, 2013 and december 31, 2012, respectively | 37,463,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of deferred loan costs | 1,744,828,000 | 1,715,648,000 | 1,678,660,000 | 1,636,253,000 | 1,619,195,000 | 1,590,507,000 | 1,576,525,000 | 1,527,691 | 1,523,722,000 | 1,513,131,000 | 1,459,965,000 | 1,471,556,000 | 1,449,349,000 | 1,469,615,000 | 1,427,578,000 | 1,362,653,000 | 1,286,789,000 | 1,262,333,000 | 1,061,823,000 | 612,712,000 | 556,421,000 | 497,782,000 | |||||||||||||||||||||||||||||||||||||||||||||
demand | 1,424,913,000 | 1,866,259,000 | 1,073,228,000 | 1,412,656,000 | 945,605,000 | 1,402,538,000 | 827,268,000 | 973,116 | 506,641,000 | 790,538,000 | 410,663,000 | 484,813,000 | 340,013,000 | 451,652,000 | 149,540,000 | 138,001,000 | 242,164,000 | 95,186,000 | 97,326,000 | 94,266,000 | 147,835,000 | 97,786,000 | 68,225,000 | ||||||||||||||||||||||||||||||||||||||||||||
savings, money market and interest checking | 1,222,368,000 | 1,171,349,000 | 1,076,654,000 | 1,105,226,000 | 975,973,000 | 1,001,959,000 | 903,599,000 | 875,511 | 1,005,048,000 | 890,587,000 | 903,514,000 | 860,584,000 | 804,502,000 | 618,293,000 | 637,245,000 | 691,610,000 | 622,090,000 | 610,672,000 | 513,960,000 | 373,560,000 | 234,106,000 | 226,186,000 | |||||||||||||||||||||||||||||||||||||||||||||
federal funds purchased | 49,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 50,000,000 shares of 1.00 par value; 33,196,281 and 26,181,281 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at december 31, 2011 and december 31, 2010, respectively | 33,196,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest bearing deposits | 932,152,000 | 199,866,000 | 630,524,000 | 314,908,000 | 584,857,000 | 171,054,000 | 232,117 | 219,213,000 | 1,033,000 | 2,047,000 | 2,046,000 | 1,033,000 | 2,566,000 | 2,558,000 | 3,266,000 | 20,254,000 | 1,748,000 | 1,668,000 | 1,029,000 | 1,029,000 | 1,029,000 | 1,029,000 | |||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at september 30, 2011 and december 31, 2010, respectively | 33,196,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at june 30, 2011 and december 31, 2010, respectively | 33,196,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at march 31, 2011 and december 31, 2010, respectively | 33,196,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock - series b, 1,000 liquidation value, 0 and 45,220 shares issued and | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding at december 31, 2010 and december 31, 2009, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 50,000,000 shares of 1.00 par value; 26,181,281 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at december 31, 2010 and december 31, 2009, respectively | 26,181,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding at september 30, 2010 and december 31, 2009, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at september 30, 2010 and december 31, 2009, respectively | 26,181,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding at june 30, 2010 and december 31, 2009, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 50,000,000 shares of 1.00 par value; 26,181,291 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at june 30, 2010 and december 31, 2009, respectively | 26,181,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding at march 31, 2010 and december 31, 2009, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at march 31, 2010 and december 31, 2009, respectively | 26,181 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal funds sold | 210,506,000 | 12,102,000 | 18,114,000 | 87,729,000 | 36,485,000 | 18,047,000 | 45,714,000 | 40,783,000 | 87,394,000 | 122,048,000 | 89,437,000 | 85,811,000 | 4,858,000 | 34,055,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock - authorized 5,000,000 shares, series a, 0.01 par value... | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued and outstanding at december 31, 2009 and 2008, respectively | 26,181,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 1,000 liquidation value, 45,220 shares issued and outstanding | 39,411,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
at december 31, 2009 and 2008, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 50,000,000 shares of 1.00 par value; 26,181,291 and 14,563,919 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 1,000 liquidation value, 45,220 shares issued and outstanding at september 30, 2009 and december 31, 2008 | 39,010,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 50,000,000 shares of 1.00 par value; 26,181,291 and 14,563,919 shares issued and outstanding at september 30, 2009 and december 31, 2008 | 26,181,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 246,544,000 | 181,279,000 | 181,162,000 | 180,403,000 | 172,764,000 | 172,663,000 | 180,188,000 | 176,259,000 | 162,584,000 | 148,908,000 | 134,947,000 | 130,684,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 2,041,034,000 | 1,731,578,000 | 1,767,072,000 | 1,792,375,000 | 1,780,942,000 | 1,677,406,000 | 1,647,454,000 | 1,568,382,000 | 1,508,187,000 | 1,334,838,000 | 917,471,000 | 736,966,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 1,000 liquidation value, 45,220 shares issued and outstanding at june 30, 2009 and december 31, 2008 | 38,610,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 20,000,000 shares of 1.00 par value; 14,563,919 shares issued and outstanding at june 30, 2009 and december 31, 2008 | 14,563,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock -authorized 5,000,000 shares, series a, 0.01 par value... | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 1,000 liquidation value, 45,220 shares issued and outstanding at march 31, 2009 and december 31, 2008 | 39,293,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 20,000,000 shares of 1.00 par value; 14,563,919 shares issued and outstanding at march 31, 2009 and december 31, 2008 | 14,563,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill | 50,135,000 | 50,127,000 | 50,189,000 | 50,173,000 | 3,951,000 | 3,951,000 | 3,951,000 | 3,544,000 | 3,914,000 | 2,943,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets net | 11,005,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax asset net | 22,847,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock—authorized 5,000,000 shares series a, 0.01 par value... | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, 1,000 liquidation value; 45,220 shares issued and outstanding at december 31, 2008 | 39,028,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock—authorized, 20,000,000 shares of 1.00 par value; issued shares 14,563,919 and 14,560,470 at december 31, 2008 and 2007, respectively | 14,563,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(accumulated deficit) retained earnings | -17,517,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short term borrowings | 100,000,000 | 150,000,000 | 175,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long term borrowings | 28,250,000 | 20,000,000 | 15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock - authorized 5,000,000 shares of 0.01 par value... | 1,000 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 20,000,000 shares of 1.00 par value; issued and outstanding shares 14,563,919 and 14,560,470 for september 30, 2008 and december 31, 2007, respectively | 14,563,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, available-for-sale | 118,897,000 | 127,962,000 | 122,215,000 | 117,790,000 | 115,946,000 | 103,596,000 | 105,888,000 | 107,860,000 | 98,675,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock-authorized 5,000,000 shares of 0.01 par value... | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 20,000,000 shares of 1.00 par value; issued and outstanding shares 14,563,919 and 14,560,470 for june 30, 2008 and december 31, 2007, respectively | 14,563,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
subordinated debt | 13,401,000 | 13,401,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 20,000,000 shares of 1.00 par value; issued shares 14,562,196 and 14,560,470 for march 31, 2008 and december 31, 2007 , respectively | 14,562,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans and leases held for sale | 2,996,000 | 805,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short—term borrowings | 90,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock—authorized 5,000,000 shares of 0.01 par value... | 1,000 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock—authorized, 20,000,000 shares of 1.00 par value; issued shares 14,560,470 and 13,724,023 at december 31, 2007 and december 31, 2006, respectively | 14,560,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other real estate | 1,566,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock -authorized 5,000,000 shares of 0.01 par value... | 1,000 | 2,000 | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock—authorized, 20,000,000 shares of 1.00 par value; issued shares 13,823,237 and 13,724,023 at september 30, 2007 and december 31, 2006, respectively | 13,823,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal home loan bank advances | 100,000,000 | 40,000,000 | 40,000,000 | 40,000,000 | 40,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock—authorized, 20,000,000 shares of 1.00 par value; issued shares 13,724,023 and 13,637,148 at december 31, 2006 and 2005, respectively | 13,724,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans and leases, net of deferred loan costs | 680,777,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans and leases | 676,069,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 20,000,000 shares of 1.00 par value; issued shares 13,637,148 and 11,888,061 at december 31, 2005 and 2004, respectively | 13,637,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock – authorized 5,000,000 shares of 0.01 par value... | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock – authorized, 20,000,000 shares of 1.00 par value; issued shares 13,588,935 and 11,888,061 at september 30, 2005 and december 31, 2004, respectively | 13,589,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - authorized, 20,000,000 shares of 1.00 par value; issued shares 12,576,567 and 11,888,061 at june 30, 2005 and december 31, 2004, respectively | 12,576,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholder's equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, including fees | 7,733,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities | 1,281,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income | 6,470,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from loan and lease losses | 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after benefit from loan and lease losses | 5,970,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
service fees on deposit accounts | 141,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
merchant credit card deposit fees | 265,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of investment securities | 67,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
leasing income | 355,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 186,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
salaries and employee benefits | 2,442,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
occupancy expense | 575,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
data processing expense | 281,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advertising | 104,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
professional fees | 266,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayment premium on subordinated debt | 1,285,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income before income tax | 827,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax | 261,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 566,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less preferred stock dividends and accretion | -204,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income allocated to series a preferred shareholders | -45,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common shareholders | 317,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares - basic | 12,195,521,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares - diluted | 12,642,681,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-03-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2017-12-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2005-06-30 | 2005-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | ||||||||||||||||||||||||
net income | 60,069,000 | 57,173,000 | 3,288,000 | 2,282,000 | 660,000 | 2,688,000 | 2,041,000 | 2,186,000 | 33,000 | 1,752,000 | 1,107,000 | 1,210,000 | -41,194,000 | 2,827,000 | 2,981,000 | 1,882,000 | 566,000 | |||||||
adjustments to reconcile net income to net cash from operating activities | ||||||||||||||||||||||||
depreciation | 1,245,000 | 1,104,000 | 1,132,000 | |||||||||||||||||||||
provision for credit losses, total | 27,601,000 | |||||||||||||||||||||||
fintech loan credit enhancement income | -28,843,000 | |||||||||||||||||||||||
accretion of fees, premiums, and discounts | -1,048,000 | |||||||||||||||||||||||
stock-based compensation expense | 4,755,000 | 4,591,000 | 3,961,000 | 2,698,000 | 2,041,000 | 2,103,000 | 845,000 | 524,000 | 462,000 | 398,000 | 416,000 | 218,000 | 23,000 | 74,000 | 26,000 | 26,000 | 27,000 | 28,000 | 28,000 | 15,000 | ||||
realized gains on commercial loans, at fair value | -6,000 | -361,000 | -1,210,000 | |||||||||||||||||||||
loss on sale of fixed assets | -29,000 | 9,000 | ||||||||||||||||||||||
decrease in accrued interest receivable | 1,775,000 | 71,000 | 133,000 | -627,000 | 661,000 | -229,000 | 1,589,000 | |||||||||||||||||
decrease in other assets | 16,293,000 | 32,646,000 | 57,000 | |||||||||||||||||||||
increase in other liabilities | 3,428,000 | -1,983,000 | 858,000 | 25,174,000 | -2,132,000 | 5,842,000 | -4,107,000 | -21,070,000 | 23,046,000 | 1,983,000 | 1,858,000 | 270,000 | -3,040,000 | 1,238,000 | 655,000 | -979,000 | 1,134,000 | |||||||
net cash from operating activities | 85,240,000 | 132,500,000 | 86,183,000 | 61,353,000 | 52,674,000 | 12,500,000 | -108,757,000 | 7,206,000 | 15,274,000 | 1,816,000 | 13,344,000 | 2,831,000 | -13,752,000 | 20,936,000 | 9,018,000 | 7,198,000 | 10,019,000 | -7,322,000 | 4,177,000 | 1,559,000 | 4,162,000 | 9,096,000 | ||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
free cash flows | 85,240,000 | 132,500,000 | 86,183,000 | 61,353,000 | 52,674,000 | 12,500,000 | -108,757,000 | 7,206,000 | 15,274,000 | 1,816,000 | 13,344,000 | 2,831,000 | -13,752,000 | 20,936,000 | 9,018,000 | 7,198,000 | 10,019,000 | -7,322,000 | 4,177,000 | 1,559,000 | 4,162,000 | 9,096,000 | ||
investing activities: | ||||||||||||||||||||||||
purchase of investment securities available-for-sale | -5,000,000 | -10,996,000 | -21,779,000 | 0 | -4,862,000 | -12,101,000 | -342,055,000 | -61,895,000 | -89,392,000 | -115,266,000 | -79,256,000 | -11,284,000 | -99,493,000 | -39,998,000 | ||||||||||
proceeds from redemptions and prepayments of securities available-for-sale | 25,584,000 | 47,934,000 | 62,796,000 | 15,931,000 | 33,736,000 | 105,889,000 | 44,127,000 | |||||||||||||||||
capitalized investment in other real estate owned | -326,000 | -1,382,000 | -769,000 | |||||||||||||||||||||
sale of repossessed assets | 808,000 | 1,276,000 | 2,091,000 | 1,256,000 | 948,000 | |||||||||||||||||||
net increase in loans | -677,877,000 | -310,221,000 | -220,825,000 | -610,542,000 | -20,369,000 | -33,117,000 | -44,861,000 | -48,915,000 | -21,472,000 | -32,525,000 | -6,883,000 | -14,112,000 | -56,513,000 | 8,196,000 | -23,176,000 | 18,464,000 | -76,087,000 | -26,448,000 | ||||||
credit enhancement agreement cash inflows | 30,212,000 | |||||||||||||||||||||||
proceeds from sale of fixed assets | 40,000 | 88,000 | 0 | 579,000 | 23,000 | 6,000 | 39,000 | |||||||||||||||||
commercial loans, at fair value drawn during the period | -1,763,000 | -29,064,000 | -29,190,000 | |||||||||||||||||||||
payments on commercial loans, at fair value | 11,082,000 | 13,596,000 | 28,236,000 | 66,373,000 | 227,321,000 | 294,091,000 | ||||||||||||||||||
purchases of premises and equipment | -468,000 | -765,000 | -607,000 | -320,000 | -639,000 | -312,000 | 110,000 | -716,000 | -619,000 | -353,000 | -418,000 | -893,000 | -861,000 | -867,000 | -365,000 | -353,000 | -911,000 | -1,919,000 | -1,132,000 | -210,000 | -843,000 | -722,000 | ||
net cash from investing activities | -615,945,000 | -262,233,000 | -206,619,000 | -78,115,000 | 8,836,000 | -282,539,000 | -76,723,000 | -65,604,000 | -108,426,000 | -118,979,000 | -62,659,000 | -22,982,000 | -70,052,000 | 8,366,000 | -51,977,000 | -22,939,000 | -26,790,000 | 20,306,000 | -43,496,000 | -69,716,000 | -80,975,000 | -82,781,000 | ||
financing activities: | ||||||||||||||||||||||||
net increase in deposits | 264,529,000 | 618,536,000 | 820,294,000 | 176,439,000 | 118,810,000 | 864,399,000 | -390,950,000 | 910,798,000 | -368,406,000 | 507,012,000 | -398,290,000 | 207,774,000 | -120,966,000 | 284,990,000 | 66,233,000 | 144,762,000 | 59,597,000 | -23,548,000 | 172,394,000 | 72,976,000 | 96,009,000 | |||
proceeds from short-term borrowings | 271,000,000 | 25,000,000 | ||||||||||||||||||||||
repurchases of common stock and excise tax | -50,290,000 | -37,657,000 | -50,500,000 | |||||||||||||||||||||
net cash from financing activities | 485,239,000 | 580,879,000 | 634,794,000 | 151,438,000 | 103,967,000 | 554,494,000 | 695,484,000 | -383,696,000 | 915,597,000 | -367,958,000 | 430,940,000 | -257,335,000 | 67,778,000 | -19,835,000 | 303,852,000 | 50,238,000 | 104,240,000 | 38,928,000 | 75,247,000 | |||||
net increase in cash and cash equivalents | -45,466,000 | 451,146,000 | 514,358,000 | 134,676,000 | 165,477,000 | -442,094,000 | 381,625,000 | -277,486,000 | 9,467,000 | 63,222,000 | 64,921,000 | -29,229,000 | -1,566,000 | -27,853,000 | ||||||||||
cash and cash equivalents, beginning of period | 112,649,000 | 570,123,000 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||
cash and cash equivalents, end of period | 67,183,000 | 1,021,269,000 | 514,358,000 | 134,676,000 | 165,477,000 | 284,455,000 | 822,445,000 | -485,121,000 | 853,944,000 | 10,352,000 | 49,353,000 | |||||||||||||
supplemental cash flow information: | ||||||||||||||||||||||||
interest paid | 45,769,000 | 50,054,000 | 42,468,000 | 38,796,000 | 27,522,000 | 1,366,000 | 4,150,000 | 2,965,000 | 3,113,000 | 3,145,000 | 2,814,000 | 3,314,000 | 3,967,000 | 3,592,000 | 4,132,000 | 4,108,000 | 6,562,000 | 7,831,000 | 12,369,000 | 10,950,000 | 12,168,000 | 13,238,000 | ||
transfers (from) to other real estate owned from commercial loans, at fair value, and loans | -23,000 | |||||||||||||||||||||||
leased vehicles transferred to repossessed assets | 536,000 | 849,000 | 1,604,000 | 2,352,000 | 1,178,000 | 252,000 | ||||||||||||||||||
operating activities | ||||||||||||||||||||||||
benefit from credit losses on non-consumer fintech loans | ||||||||||||||||||||||||
benefit from credit losses on consumer fintech loans | ||||||||||||||||||||||||
provision reversal for unfunded commitments | ||||||||||||||||||||||||
net accretion of investment securities discounts/premiums | ||||||||||||||||||||||||
gain on sale of fixed assets | 0 | 94,000 | ||||||||||||||||||||||
gain on sale of other real estate owned | ||||||||||||||||||||||||
change in fair value of derivatives | 0 | 143,000 | 544,000 | -343,000 | ||||||||||||||||||||
loss on sales/calls of investment securities | ||||||||||||||||||||||||
increase in accrued interest receivable | -751,000 | 1,202,000 | -3,375,000 | -6,499,000 | -482,000 | -14,000 | -1,084,000 | |||||||||||||||||
increase in other assets | 4,910,000 | 6,637,000 | 3,761,000 | -10,814,000 | 1,460,000 | 1,775,000 | -539,000 | -1,571,000 | 3,370,000 | -6,975,000 | -1,683,000 | |||||||||||||
increase in consumer fintech loan credit enhancement receivables | -7,290,000 | |||||||||||||||||||||||
investing activities | ||||||||||||||||||||||||
proceeds from sale of other real estate owned | 3,756,000 | 0 | 0 | 125,000 | 596,000 | 173,000 | 0 | 0 | ||||||||||||||||
financing activities | ||||||||||||||||||||||||
net decrease in securities sold under agreements to repurchase | 0 | 37,000 | -1,698,000 | -970,000 | -6,055,000 | |||||||||||||||||||
proceeds of senior debt offering | ||||||||||||||||||||||||
redemption of senior notes | ||||||||||||||||||||||||
proceeds from the issuance of common stock | -1,000 | 158,000 | 95,000 | |||||||||||||||||||||
net decrease in cash and cash equivalents | -16,026,000 | -53,730,000 | -41,677,000 | |||||||||||||||||||||
supplemental disclosure: | ||||||||||||||||||||||||
taxes paid | 1,398,000 | 18,670,000 | 14,568,000 | 7,619,000 | 13,284,000 | 3,108,000 | 1,007,000 | 561,000 | 3,996,000 | 575,000 | -198,000 | 26,000 | 814,000 | 235,000 | 323,000 | 29,000 | 315,000 | 569,000 | 2,787,000 | 1,620,000 | 338,000 | |||
transfers to other real estate owned from commercial loans, at fair value, and loans | 3,722,000 | 1,119,000 | ||||||||||||||||||||||
decrease (increase) in accrued interest receivable | -691,000 | -769,000 | 65,000 | -702,000 | -260,000 | |||||||||||||||||||
decrease (increase) in other assets | -28,066,000 | -10,472,000 | 852,000 | 358,000 | 6,353,000 | |||||||||||||||||||
decrease in other liabilities | -363,000 | |||||||||||||||||||||||
provision for credit losses on non-consumer fintech loans | 874,000 | |||||||||||||||||||||||
provision for credit losses on consumer fintech loans | 45,868,000 | |||||||||||||||||||||||
provision (reversal) for unfunded commitments | 111,000 | |||||||||||||||||||||||
net amortization of investment securities discounts/premiums | -1,111,000 | -1,103,000 | 320,000 | 348,000 | 242,000 | 3,873,000 | 186,000 | 260,000 | 118,000 | 105,000 | 357,000 | 12,000 | 11,000 | 30,000 | 25,000 | 4,000 | -4,000 | |||||||
net income from continuing operations | 40,241,000 | 27,028,000 | -13,332,000 | |||||||||||||||||||||
provision for credit losses on non-consumer fintech loans and security | ||||||||||||||||||||||||
provision for consumer fintech loans | ||||||||||||||||||||||||
(reversal) provision for unfunded commitments | ||||||||||||||||||||||||
deferred income tax expense | -3,000 | |||||||||||||||||||||||
gain from discontinued operations | ||||||||||||||||||||||||
write-down of other real estate owned | ||||||||||||||||||||||||
change in fair value of commercial loans, at fair value | 1,385,000 | 787,000 | 180,000 | |||||||||||||||||||||
loss on sales of investment securities | 0 | 0 | 0 | |||||||||||||||||||||
net decrease in loans | ||||||||||||||||||||||||
decrease in discontinued assets held-for-sale | 474,000 | |||||||||||||||||||||||
redemptions of senior debt offering | ||||||||||||||||||||||||
non-cash investing and financing activities: | ||||||||||||||||||||||||
transfer of loans from discontinued operations | 0 | |||||||||||||||||||||||
transfer of real estate owned from discontinued operations | 0 | |||||||||||||||||||||||
benefit from credit losses on loans | ||||||||||||||||||||||||
redemption of senior debt | ||||||||||||||||||||||||
non-cash investing and financing activities | ||||||||||||||||||||||||
depreciation and amortization | 1,128,000 | 778,000 | 859,000 | 1,442,000 | 1,057,000 | 1,017,000 | 973,000 | 979,000 | 1,093,000 | 972,000 | 982,000 | 964,000 | 969,000 | 966,000 | 911,000 | 867,000 | 894,000 | 804,000 | 65,000 | |||||
benefit from credit losses on loans and security | ||||||||||||||||||||||||
transfer of real estate owned from commercial loans, at fair value, and loans | ||||||||||||||||||||||||
net income from discontinued operations, net of tax | ||||||||||||||||||||||||
deferred income tax (benefit) expense | ||||||||||||||||||||||||
loss on sale of other real estate owned | 0 | 0 | 0 | 0 | ||||||||||||||||||||
change in fair value of discontinued assets held-for-sale | 0 | |||||||||||||||||||||||
net decrease (increase) in loans | -136,047,000 | |||||||||||||||||||||||
net decrease in discontinued loans held-for-sale | 5,293,000 | |||||||||||||||||||||||
change in receivable from investment in unconsolidated entity | 0 | |||||||||||||||||||||||
return of investment in unconsolidated entity | 0 | |||||||||||||||||||||||
repurchases of common stock | -15,001,000 | -10,000,000 | ||||||||||||||||||||||
transfer of loans from investment in unconsolidated entity upon its dissolution | 0 | |||||||||||||||||||||||
transfer of real estate owned from investment in unconsolidated entity upon its dissolution | 0 | |||||||||||||||||||||||
benefit from credit losses | 2,777,000 | 1,626,000 | ||||||||||||||||||||||
gain on commercial loans, at fair value | -3,601,000 | |||||||||||||||||||||||
writedown of other real estate owned | ||||||||||||||||||||||||
net decrease in deposits | -43,439,000 | |||||||||||||||||||||||
investment securities (redeemed) purchased and not settled | ||||||||||||||||||||||||
(gain) income from discontinued operations | -54,000 | |||||||||||||||||||||||
fair value adjustment on investment in unconsolidated entity | 0 | |||||||||||||||||||||||
net cash paid due to acquisitions, net of cash acquired | ||||||||||||||||||||||||
loans settled in acquisition | ||||||||||||||||||||||||
benefit from (reversal of) credit losses | ||||||||||||||||||||||||
commercial loans, at fair value originated or drawn during the period | -65,614,000 | |||||||||||||||||||||||
investment securities transferred in securitizations | ||||||||||||||||||||||||
net income from discontinued operations | ||||||||||||||||||||||||
(gain) loss on commercial loans, at fair value | ||||||||||||||||||||||||
net decrease in repossessed assets | ||||||||||||||||||||||||
proceeds of short-term borrowings | ||||||||||||||||||||||||
commercial loans, at fair value originated during the period | ||||||||||||||||||||||||
sales and payments on commercial loans, at fair value | ||||||||||||||||||||||||
repurchase of common stock | ||||||||||||||||||||||||
investment securities purchased and not settled | ||||||||||||||||||||||||
transfers of discontinued loans to discontinued other real estate owned | ||||||||||||||||||||||||
loans originated for sale | -123,503,000 | |||||||||||||||||||||||
sales and payments of commercial loans originated for resale | ||||||||||||||||||||||||
gain on commercial loans originated for resale | ||||||||||||||||||||||||
gain on sale of ira portfolio | ||||||||||||||||||||||||
income from discontinued operations | ||||||||||||||||||||||||
gain on sales of investment securities | -636,000 | -136,000 | -20,000 | 14,000 | 0 | |||||||||||||||||||
change in fair value of discontinued loans held-for-sale | ||||||||||||||||||||||||
cash from call of investment securities held-to-maturity | ||||||||||||||||||||||||
proceeds from sale of investment securities available-for-sale | 200,455,000 | 76,003,000 | 265,000 | |||||||||||||||||||||
proceeds from the issuance of common stock options | ||||||||||||||||||||||||
proceeds from the sale of ira portfolio | ||||||||||||||||||||||||
transfers of discontinued loans to other real estate owned | ||||||||||||||||||||||||
loan transferred in acquisition | ||||||||||||||||||||||||
investment securities transferred in securitization transaction | ||||||||||||||||||||||||
sale of commercial loans originated for resale | ||||||||||||||||||||||||
change in fair value of loans held-for-sale | ||||||||||||||||||||||||
net used in operating activities | ||||||||||||||||||||||||
net used in investing activities | ||||||||||||||||||||||||
benefit from loan and lease losses | 770,000 | 4,844,000 | 5,019,000 | 6,963,000 | 4,672,000 | 4,212,000 | 4,148,000 | 4,000,000 | 3,500,000 | 2,500,000 | 3,000,000 | 3,700,000 | 4,100,000 | 3,350,000 | 1,350,000 | 3,150,000 | ||||||||
gain on sales of commercial loans originated for resale | ||||||||||||||||||||||||
proceeds from redemptions and prepayments of securities held-to-maturity | 0 | |||||||||||||||||||||||
costs from issuance of common stock | ||||||||||||||||||||||||
non-cash reclassification of commercial loans sold | ||||||||||||||||||||||||
gain on sales of loans originated for resale | -4,800,000 | |||||||||||||||||||||||
investment securities received in securitization transaction | ||||||||||||||||||||||||
decrease (increase) in discontinued assets held-for-sale | ||||||||||||||||||||||||
net cash from (used) in financing activities | ||||||||||||||||||||||||
adjustments to reconcile net income to net cash from | ||||||||||||||||||||||||
(used in) operating activities | ||||||||||||||||||||||||
change in fair value of loans held for sale | ||||||||||||||||||||||||
change in fair value of discontinued loans held for sale | ||||||||||||||||||||||||
net decrease in discontinued loans held for sale | 7,192,000 | |||||||||||||||||||||||
decrease (increase) in discontinued assets held for sale | 3,489,000 | |||||||||||||||||||||||
proceeds (costs) from issuance of common stock | ||||||||||||||||||||||||
net increase in long-term liabilities | ||||||||||||||||||||||||
cash and cash equivalents, beginning of year | 472,319,000 | 0 | 354,459,000 | 0 | 0 | 0 | 179,506,000 | 0 | 0 | 0 | 82,158,000 | 0 | 0 | 19,503,000 | ||||||||||
cash and cash equivalents, end of year | 338,433,000 | -53,730,000 | 137,829,000 | 63,222,000 | 64,921,000 | -29,229,000 | 80,592,000 | |||||||||||||||||
transfers of loans to other real estate owned | 990,000 | 2,840,000 | 1,420,000 | 1,489,000 | 1,890,000 | 189,000 | ||||||||||||||||||
change in discontinued assets held for sale | ||||||||||||||||||||||||
decrease (increase) in other liabilities | ||||||||||||||||||||||||
proceeds from redemptions of securities held-to-maturity | ||||||||||||||||||||||||
common stock issuance expense | ||||||||||||||||||||||||
investment securities transferred in securitization | ||||||||||||||||||||||||
sale of loans originated for resale | 4,966,000 | |||||||||||||||||||||||
writedown of other real estate | ||||||||||||||||||||||||
change in fair value loans held for sale | ||||||||||||||||||||||||
decrease in discontinued assets held for sale | ||||||||||||||||||||||||
investment in unconsolidated entity | 33,238,000 | |||||||||||||||||||||||
adjustments to reconcile net income to net cash | ||||||||||||||||||||||||
provided by operating activities | ||||||||||||||||||||||||
change in fair value discontinued loans held for sale | ||||||||||||||||||||||||
transfer of loans to held for sale | ||||||||||||||||||||||||
proceeds of short-term borrowings and federal funds purchased | ||||||||||||||||||||||||
proceeds from issuance of common stock | 0 | 0 | -27,000 | 54,528,000 | ||||||||||||||||||||
proceeds from the exercise of common stock options | ||||||||||||||||||||||||
increase in discontinued assets held for sale | ||||||||||||||||||||||||
net cash from by investing activities | ||||||||||||||||||||||||
gainon sales of loans originated for resale | ||||||||||||||||||||||||
gain on sale of investment securities | ||||||||||||||||||||||||
other than temporary impairment on securities held-to-maturity | 0 | |||||||||||||||||||||||
purchase of investment securities held-to-maturity | ||||||||||||||||||||||||
net increase in securities sold under agreements to repurchase | 8,120,000 | 4,799,000 | 475,000 | 5,400,000 | 4,954,000 | 5,657,000 | -1,188,000 | 1,785,000 | ||||||||||||||||
proceeds from the exercise of options | ||||||||||||||||||||||||
losses on sale and write downs on other real estate owned | ||||||||||||||||||||||||
decrease in interest payable | 10,000 | 15,000 | -226,000 | |||||||||||||||||||||
excess tax benefit from share-based payment arrangements | ||||||||||||||||||||||||
transfers of loans to held for sale | ||||||||||||||||||||||||
common stock shares issued, cashless transaction | ||||||||||||||||||||||||
mortgage loans originated for sale | 0 | 0 | 0 | -458,000 | 0 | -182,000 | -213,000 | -3,795,000 | -1,787,000 | 0 | -181,000 | -1,220,000 | -3,615,000 | |||||||||||
sale of mortgage loans originated for resale | 0 | 0 | 8,000 | 454,000 | 0 | 1,381,000 | 0 | 183,000 | 1,246,000 | 3,605,000 | ||||||||||||||
gain on sales of mortgage loans originated for resale | 0 | -3,000 | ||||||||||||||||||||||
(gain) loss on sales of fixed assets | 1,000 | -18,000 | -6,000 | -2,000 | 16,000 | |||||||||||||||||||
other than temporary impairment on securities available-for-sale | 75,000 | 0 | ||||||||||||||||||||||
proceeds from call of securities held-to-maturity | 0 | 0 | ||||||||||||||||||||||
proceeds from redemptions and repayment of securities available for sale | ||||||||||||||||||||||||
proceeds from sales of fixed assets | 11,000 | 87,000 | ||||||||||||||||||||||
(repayment) proceeds from short-term borrowings | -100,000,000 | |||||||||||||||||||||||
purchase of treasury stock | ||||||||||||||||||||||||
redemption of preferred stock | 0 | |||||||||||||||||||||||
repurchase of warrants | 1,000 | |||||||||||||||||||||||
dividends paid on series a and b preferred stock | 0 | -433,000 | -735,000 | -565,000 | ||||||||||||||||||||
gain on sale of mortgage loans originated for resale | 0 | 0 | -4,000 | -5,000 | 0 | -2,000 | ||||||||||||||||||
deferred income tax benefit | ||||||||||||||||||||||||
loss on sales of other real estate owned | 64,000 | 439,000 | 52,000 | |||||||||||||||||||||
proceeds from redemptions and repayment of securities available-for-sale | 26,033,000 | |||||||||||||||||||||||
repayment of short-term borrowings and federal funds purchased | 0 | 0 | -136,000,000 | |||||||||||||||||||||
dividends paid on series b preferred stock | ||||||||||||||||||||||||
increase in interest payable | -18,000 | 25,000 | -2,061,000 | 264,000 | 1,519,000 | |||||||||||||||||||
proceeds from redemptions and repayment on securities available-for-sale | 38,275,000 | 9,407,000 | 26,747,000 | 5,028,000 | ||||||||||||||||||||
proceeds from sales of investment securities available-for-sale | 12,302,000 | 10,438,000 | 58,315,000 | |||||||||||||||||||||
impairment of goodwill | ||||||||||||||||||||||||
gain on sales of fixed assets | 35,000 | 0 | 0 | -1,000 | ||||||||||||||||||||
proceeds (repayment) from short-term borrowings | ||||||||||||||||||||||||
proceeds from issuance of preferred stock | ||||||||||||||||||||||||
repayment of short-term borrowings | ||||||||||||||||||||||||
repayment of preferred stock | -45,220,000 | |||||||||||||||||||||||
(gain) loss on sale of investment securities | ||||||||||||||||||||||||
net gain on sales of loans | ||||||||||||||||||||||||
(decrease) in interest payable | ||||||||||||||||||||||||
(repayment) proceeds from short term borrowings | ||||||||||||||||||||||||
proceeds from issuance of common stock, net of cost | ||||||||||||||||||||||||
proceeds from issuance of subordinated debt | ||||||||||||||||||||||||
net proceeds from the exercise of share based payments | ||||||||||||||||||||||||
excess tax benefits from share based payment arrangements | ||||||||||||||||||||||||
transfer of assets from loans to other real estate owned | ||||||||||||||||||||||||
sales of mortgage loans originated for resale | 420,000 | |||||||||||||||||||||||
other than temporary impairment | ||||||||||||||||||||||||
cash and cash equivalents, end of the period | ||||||||||||||||||||||||
other than temporary impairment on securities available for sale | ||||||||||||||||||||||||
purchase of investment securities available for sale | -67,474,000 | -43,926,000 | ||||||||||||||||||||||
proceeds from redemptions and repayment on securities available for sale | ||||||||||||||||||||||||
proceeds from the sales of investment securities available for sale | ||||||||||||||||||||||||
proceeds from the sale of other real estate owned | ||||||||||||||||||||||||
proceeds from redemptions and repayment available for sale | 41,223,000 | |||||||||||||||||||||||
net gain on sales of fixed assets | -1,000 | |||||||||||||||||||||||
dividends on series a and b preferred stock | -412,000 | |||||||||||||||||||||||
net cash provided(used in) by financing activities | -24,906,000 | |||||||||||||||||||||||
other than temporary impairment on investment securities | 11,611,000 | |||||||||||||||||||||||
net income on sales of investment securities | ||||||||||||||||||||||||
stock-based compensation | ||||||||||||||||||||||||
proceeds from redemptions and repayments available for sale | ||||||||||||||||||||||||
proceeds from calls/maturity of investment securities available for sale | ||||||||||||||||||||||||
(payments) proceeds from short term borrowings | ||||||||||||||||||||||||
excess tax benefit from share based payment arrangements | ||||||||||||||||||||||||
issuance of subordinated debentures | ||||||||||||||||||||||||
transfer of investment securities available for sale to held to maturity | ||||||||||||||||||||||||
accretion/amortization of investment securities discounts/premiums | ||||||||||||||||||||||||
(increase) in other assets | ||||||||||||||||||||||||
purchase of investment securities, available for sale | ||||||||||||||||||||||||
proceeds from sales of investment securities, available for sale | ||||||||||||||||||||||||
purchase of loans | ||||||||||||||||||||||||
net decrease (increase) in securities sold under agreements to repurchase | ||||||||||||||||||||||||
proceeds from short term borrowings | -50,000,000 | |||||||||||||||||||||||
dividends on series a preferred stock | -16,000 | -16,000 | -17,000 | -16,000 | ||||||||||||||||||||
proceeds from long term borrowings | 8,250,000 | |||||||||||||||||||||||
supplemental disclosure of non -cash investing and financing activities: | ||||||||||||||||||||||||
transfer of loans to other real estate owned | ||||||||||||||||||||||||
net (loss)/income | ||||||||||||||||||||||||
amortization of investment securities discounts/premiums | ||||||||||||||||||||||||
gain on sales of investment security | ||||||||||||||||||||||||
purchase of investment securities | -6,941,000 | -5,398,000 | -18,640,000 | |||||||||||||||||||||
proceeds from maturities of and repayments on investment securities | ||||||||||||||||||||||||
increase in loans | ||||||||||||||||||||||||
net gain on sales of investment securities | ||||||||||||||||||||||||
loss on sale of mortgage loans originated for resale | -10,000 | |||||||||||||||||||||||
proceeds from sales of investment securities | 1,353,000 | 0 | 2,159,000 | |||||||||||||||||||||
proceeds (payment) from federal home loan bank advances | 85,000,000 | |||||||||||||||||||||||
net proceeds from the exercise of options | 47,000 | |||||||||||||||||||||||
issuance of long term borrowings | 15,000,000 | |||||||||||||||||||||||
proceeds from calls/maturity of investment securities | -274,000 | -307,000 | 40,879,000 | |||||||||||||||||||||
proceeds from federal home loan bank advances | ||||||||||||||||||||||||
repayment of notes payable | ||||||||||||||||||||||||
net proceeds from exercise of warrants | ||||||||||||||||||||||||
redemption of subordinated debentures | ||||||||||||||||||||||||
net (decrease) cash from financing activities | ||||||||||||||||||||||||
net share settlement of warrants | ||||||||||||||||||||||||
acquisition of stored value solutions, common stock issued | ||||||||||||||||||||||||
net amortization | ||||||||||||||||||||||||
share based compensation expense | ||||||||||||||||||||||||
net increase from federal funds purchased | ||||||||||||||||||||||||
net increase from federal home loan advances | ||||||||||||||||||||||||
supplemental disclosure of noncash investing and financing activities: | ||||||||||||||||||||||||
transfer of loans to other real estate owned. | ||||||||||||||||||||||||
increase in accrued interest payable | ||||||||||||||||||||||||
cash paid in excess of cash equivalents from acquisition | ||||||||||||||||||||||||
net proceeds (payments) from federal home loan bank advances | ||||||||||||||||||||||||
dividends paid on series a preferred stock | ||||||||||||||||||||||||
net proceeds from sale of common stock | ||||||||||||||||||||||||
mortgage loans originated for resale | ||||||||||||||||||||||||
net increase(decrease) in securities sold under agreements to repurchase | ||||||||||||||||||||||||
federal home loan bank advances | ||||||||||||||||||||||||
repayment of federal home loan advances | ||||||||||||||||||||||||
net cash from (used in ) operating activities | ||||||||||||||||||||||||
net increase in securities sold under agreements to | ||||||||||||||||||||||||
repurchase | ||||||||||||||||||||||||
cash dividends on series a preferred stock |