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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 49,447 $ 30,273
Other investments and interest-bearing deposits in other financial institutions 407,923 134,295
Total cash and cash equivalents 457,370 164,568
Securities available-for-sale, at fair value 404,825 459,043
Securities held-to-maturity, at amortized cost (fair value of $368,107 at December 31, 2019 and $366,175 at December 31, 2018) 366,560 377,198
Loans held-for-sale - SBA, at lower of cost or fair value, including deferred costs 1,052 2,649
Loans, net of deferred fees 2,533,844 1,886,405
Allowance for loan losses (23,285) (27,848)
Loans, net 2,510,559 1,858,557
Federal Home Loan Bank, Federal Reserve Bank stock and other investments, at cost 29,842 25,216
Company-owned life insurance 76,027 61,859
Premises and equipment, net 8,250 7,137
Goodwill 167,420 83,753
Other intangible assets 20,415 12,007
Accrued interest receivable and other assets 67,143 44,575
Total assets 4,109,463 3,096,562
Deposits:    
Demand, noninterest-bearing 1,450,873 1,021,582
Demand, interest-bearing 798,375 702,000
Savings and money market 982,430 754,277
Time deposits - under $250 54,361 58,661
Time deposits - $250 and over 99,882 86,114
CDARS - interest-bearing demand, money market and time deposits 28,847 14,898
Total deposits 3,414,768 2,637,532
Subordinated debt, net of issuance costs 39,554 39,369
Other short-term borrowings 328  
Accrued interest payable and other liabilities 78,105 52,195
Total liabilities 3,532,755 2,729,096
Shareholders' equity:    
Preferred stock, no par value; 10,000,000 shares authorized; none issued and outstanding at December 31, 2019 and December 31, 2018
Common stock, no par value; 100,000,000 shares authorized at December 31, 2019 and 60,000,000 shares authorized at December 31, 2018; 59,368,156 shares issued and outstanding at December 31, 2019 and 43,288,750 shares issued and outstanding at December 31, 2018 489,745 300,844
Retained earnings 96,741 79,003
Accumulated other comprehensive loss (9,778) (12,381)
Total shareholders' equity 576,708 367,466
Total liabilities and shareholders' equity $ 4,109,463 $ 3,096,562