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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 40,108 $ 49,447
Other investments and interest-bearing deposits in other financial institutions 885,792 407,923
Total cash and cash equivalents 925,900 457,370
Securities available-for-sale, at fair value 323,565 404,825
Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $55 at June 30, 2020 (fair value of $332,452 at June 30, 2020 and $368,107 at December 31, 2019) 322,677 366,560
Loans held-for-sale - SBA, at lower of cost or fair value, including deferred costs 4,324 1,052
Loans, net of deferred fees 2,686,389 2,533,844
Allowance for credit losses on loans(1) (45,444) (23,285)
Loans, net 2,640,945 2,510,559
Federal Home Loan Bank, Federal Reserve Bank stock and other investments, at cost 33,509 29,842
Company-owned life insurance 76,943 76,027
Premises and equipment, net 9,500 8,250
Goodwill 167,631 167,420
Other intangible assets 18,593 20,415
Accrued interest receivable and other assets 90,814 67,143
Total assets 4,614,401 4,109,463
Deposits:    
Demand, noninterest-bearing 1,714,058 1,450,873
Demand, interest-bearing 934,780 798,375
Savings and money market 1,091,740 982,430
Time deposits - under $250 49,493 54,361
Time deposits - $250 and over 93,822 99,882
CDARS - interest-bearing demand, money market and time deposits 16,333 28,847
Total deposits 3,900,226 3,414,768
Subordinated debt, net of issuance costs 39,646 39,554
Other short-term borrowings   328
Accrued interest payable and other liabilities 99,722 78,105
Total liabilities 4,039,594 3,532,755
Shareholders' equity:    
Preferred stock, no par value; 10,000,000 shares authorized; none issued and outstanding at June 30, 2020 and December 31, 2019
Common stock, no par value; 100,000,000 shares authorized at June 30, 2020 and authorized at December 31, 2019; 59,856,767 shares issued and outstanding at June 30, 2020 and 59,368,156 shares issued and outstanding at December 31, 2019 492,333 489,745
Retained earnings 87,654 96,741
Accumulated other comprehensive loss (5,180) (9,778)
Total shareholders' equity 574,807 576,708
Total liabilities and shareholders' equity $ 4,614,401 $ 4,109,463