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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and due from banks $ 53,550 $ 62,746
Interest earning deposits 211,043 308,277
Cash and cash equivalents 264,593 371,023
Investment securities available for sale, at fair value 560,253 416,685
Loans held for sale (includes $1,757,807 and $1,335,668, respectively at fair value) 1,797,064 1,435,459
Loans receivable 5,453,479 4,312,173
Allowance for loan losses (35,647) (30,932)
Total loans receivable, net of allowance for loan losses 5,417,832 4,281,241
FHLB, Federal Reserve Bank, and other restricted stock 90,841 82,002
Accrued interest receivable 19,939 15,205
FDIC loss sharing receivable 0 2,320
Bank premises and equipment, net 11,531 10,810
Bank-owned life insurance 157,211 138,676
Other real estate owned 5,057 15,371
Goodwill and other intangibles 3,651 3,664
Other assets 73,341 52,914
Total assets 8,401,313 6,825,370
Deposits:    
Demand, non-interest bearing 653,679 546,436
Interest bearing 5,255,822 3,986,102
Total deposits 5,909,501 4,532,538
Federal funds purchased 70,000 0
FHLB advances 1,625,300 1,618,000
Other borrowings 88,250 88,250
Subordinated debt 110,000 110,000
Accrued interest payable and other liabilities 44,360 33,437
Total liabilities $ 7,847,411 $ 6,382,225
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, par value $1.00 per share; liquidation preference $25.00 per share; 100,000,000 shares authorized, 2,300,000 and 0 shares issued and outstanding as of December 31, 2015 and 2014 $ 55,569 $ 0
Common stock, par value $1.00 per share; 200,000,000 shares authorized; 27,432,061 and 27,277,789 shares issued as of December 31, 2015 and 2014; 26,901,801 and 26,745,529 shares outstanding as of December 31, 2015 and 2014 27,432 27,278
Additional paid in capital 362,607 355,822
Retained earnings 124,511 68,421
Accumulated other comprehensive loss, net (7,984) (122)
Treasury stock, at cost (530,260 shares as of December 31, 2015 and 532,260 shares as of December 31, 2014) (8,233) (8,254)
Total shareholders’ equity 553,902 443,145
Total liabilities and shareholders’ equity $ 8,401,313 $ 6,825,370