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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from financial institutions $ 173,482 $ 234,991
Certificates of deposit at other financial institutions 3,345 3,590
Securities available for sale 543,225 652,132
Loans held for sale, at fair value 42,682 43,162
Loans held for investment 2,855,768 2,812,444
Allowance for loan losses 38,403 45,436
Net loans 2,817,365 2,767,008
Restricted equity securities, at cost 24,844 24,802
Premises and equipment, net 48,470 12,141
Accrued interest receivable 12,043 12,362
Bank owned life insurance 57,082 56,726
Deferred tax asset 12,846 14,229
Servicing rights, net 3,057 3,246
Goodwill 18,176 18,176
Core deposit intangible, net 354 448
Other assets 34,630 53,149
Total assets 3,791,601 3,896,162
Deposits    
Non-interest bearing 387,195 319,373
Interest bearing 2,750,276 2,888,211
Total deposits 3,137,471 3,207,584
Federal Home Loan Bank advances 135,000 155,000
Subordinated notes, net 58,916 58,872
Accrued interest payable 3,179 4,201
Other liabilities 48,187 60,079
Total liabilities 3,382,753 3,485,736
Commitments and Contingencies (Note 9)
Equity    
Preferred stock, no par value: 1.0 million shares authorized; no shares outstanding at March 31, 2020 and December 31, 2019 0 0
Common stock, no par value: 30.0 million authorized; 14.9 million issued and outstanding at March 31, 2020 and 14.8 million issued and outstanding December 31, 2019, respectively 277,341 275,412
Retained earnings 131,061 133,102
Accumulated other comprehensive income 353 1,819
Total shareholders’ equity 408,755 410,333
Non-controlling interest in consolidated subsidiary 93 93
Total equity 408,848 410,426
Total liabilities and equity $ 3,791,601 $ 3,896,162