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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 104,039 $ 82,520
Interest bearing deposits with other banks 5,465 27,124
Total cash and cash equivalents 109,504 109,644
Time deposits with other banks 12,553 0
Securities available for sale (at fair value) 955,804 950,503
Securities held to maturity (fair value $414,470 in 2017 and $369,881 in 2016 ) 416,863 372,498
Total securities 1,372,667 1,323,001
Loans held for sale 24,306 15,332
Loans [1] 3,817,377 2,879,536
Less: Allowance for loan losses (27,122) (23,400)
Net loans 3,790,255 2,856,136
Bank premises and equipment, net 66,883 58,684
Other real estate owned 7,640 9,949
Goodwill 147,578 64,649
Other intangible assets, net 19,099 14,572
Bank owned life insurance 123,981 84,580
Net deferred tax assets 25,417 60,818
Other assets 110,246 83,567
TOTAL ASSETS 5,810,129 4,680,932
LIABILITIES    
Noninterest demand 1,400,227 1,148,309
Interest-bearing demand 1,050,755 873,727
Savings 434,346 346,662
Money market 931,458 802,697
Other time deposits 414,277 276,607
Brokered time certificates 217,385 7,342
Time certificates of more than $250,000 144,272 67,901
Total deposits 4,592,720 3,523,245
Securities sold under agreements to repurchase, maturing within 30 days 216,094 204,202
Federal Home Loan Bank borrowings 211,000 415,000
Subordinated debt 70,521 70,241
Other liabilities 30,130 32,847
TOTAL LIABILITIES 5,120,465 4,245,535
Commitments and Contingencies (Notes K and P)
SHAREHOLDERS' EQUITY    
Common stock, par value $0.10 per share authorized 60,000,000 shares, issued 47,032,259 and outstanding 46,917,735 shares in 2017 and authorized 60,000,000 shares, issued 38,090,568 and outstanding 38,021,835 shares in 2016 4,693 3,802
Additional paid-in capital 661,632 454,001
Retained earnings (accumulated deficit) 29,914 (13,657)
Less: Treasury stock (114,524 shares in 2017 and 68,733 shares in 2016), at cost (2,359) (1,236)
Total shareholders' equity before accumulated other comprehensive income, net 693,880 442,910
Accumulated other comprehensive loss, net (4,216) (7,513)
TOTAL SHAREHOLDERS' EQUITY 689,664 435,397
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 5,810,129 $ 4,680,932
[1] Net loan balances at December 31, 2017 and 2016 include deferred costs of $11.5 million and $10.6 million, respectively.