XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 1,598,000 $ 518,000
Interest-earning deposits at banks 38,522,000 5,025,000
Investment in marketable equity securities (cost of $75 at March 31, 2023 and $75 at December 31, 2022) 85,000 95,000
Investment securities available for sale (cost of $9,955 at March 31, 2023 and $9,967 at December 31, 2022), net of allowance for credit losses 9,061,000 8,995,000
Investment securities held to maturity (fair value of $8,993 at March 31, 2023 and $8,795 at December 31, 2022) 10,381,000 10,279,000
Assets held for sale 94,000 60,000
Loans and leases 138,288,000 70,781,000
Allowance for credit losses (1,605,000) (922,000)
Loans and leases, net of allowance for credit losses 136,683,000 69,859,000
Operating lease equipment, net 8,331,000 8,156,000
Premises and equipment, net 1,743,000 1,456,000
Goodwill 346,000 346,000
Other intangible assets 364,000 140,000
Other assets 7,450,000 4,369,000
Total assets 214,658,000 109,298,000
Deposits:    
Noninterest-bearing 54,649,000 24,922,000
Interest-bearing 85,401,000 64,486,000
Total deposits 140,050,000 89,408,000
Credit balances of factoring clients 1,126,000 995,000
Borrowings:    
Short-term borrowings 1,009,000 2,186,000
Long-term borrowings 45,085,000 4,459,000
Total borrowings 46,094,000 6,645,000
Other liabilities 8,172,000 2,588,000
Total liabilities 195,442,000 99,636,000
Stockholders’ equity    
Preferred stock - $0.01 par value (10,000,000 shares authorized at March 31, 2023 and December 31, 2022) 881,000 881,000
Additional paid in capital 4,104,000 4,109,000
Retained earnings 14,885,000 5,392,000
Accumulated other comprehensive loss (669,000) (735,000)
Total stockholders’ equity 19,216,000 9,662,000
Total liabilities and stockholders’ equity 214,658,000 109,298,000
Class A Common Stock    
Stockholders’ equity    
Common stock 14,000 14,000
Class B Common Stock    
Stockholders’ equity    
Common stock $ 1,000 $ 1,000