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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Cash and cash equivalents    
Cash and due from banks $ 2,440 $ 3,152
Interest earning deposits at Federal Reserve Bank 551,862 841,471
Securities purchased under agreements to resell   64,312
Total cash and cash equivalents 554,302 908,935
Investment securities, available-for-sale, at fair value 1,236,324 1,294,484
Investment securities, held-to-maturity (fair value $83,391 and $85,345, respectively) 84,432 86,380
Commercial loans held for sale, at fair value 688,471 503,316
Loans, net of deferred fees and costs 1,504,777 1,392,228
Allowance for loan and lease losses (8,653) (7,096)
Loans, net 1,496,124 1,385,132
Federal Home Loan Bank and Atlantic Central Bankers Bank stock 1,113 991
Premises and equipment, net 18,895 20,051
Accrued interest receivable 12,753 10,900
Intangible assets, net 3,846 5,377
Other real estate owned   450
Deferred tax asset, net 21,622 34,802
Investment in unconsolidated entity, at fair value 59,273 74,473
Assets held for sale from discontinued operations 197,831 304,313
Other assets 62,925 78,543
Total assets 4,437,911 4,708,147
Deposits    
Demand and interest checking 3,904,638 3,806,965
Savings and money market 31,076 453,877
Total deposits 3,935,714 4,260,842
Securities sold under agreements to repurchase 93 217
Subordinated debentures 13,401 13,401
Long-term borrowings 41,674 42,323
Other liabilities 40,253 67,215
Total liabilities 4,031,135 4,383,998
SHAREHOLDERS' EQUITY    
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 55,861
Treasury stock, at cost (100,000 shares) (866) (866)
Additional paid-in capital 366,181 363,196
Accumulated deficit (817) (89,485)
Accumulated other comprehensive loss (14,168) (4,557)
Total shareholders' equity 406,776 324,149
Total liabilities and shareholders' equity $ 4,437,911 $ 4,708,147