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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 42,090 $ 42,373
Interest bearing deposits with other banks 513,851 150,601
Total cash and cash equivalents 555,941 192,974
Securities available for sale 584,857 542,313
Trading securities 6,164 9,809
Loans held for sale 3,668 930
Loans 3,350,734 2,809,197
Less: unearned discount (4,924) (5,162)
Less: allowance for loan losses (26,887) (19,473)
Net loans 3,318,923 2,784,562
FHLB, other equity, and restricted equity interests 26,815 27,868
Premises and equipment, net 59,455 54,867
Operating lease assets 17,475 18,422
Bank owned life insurance 76,015 66,538
Mortgage servicing rights 1,331 1,573
Goodwill 44,775 38,730
Core deposit intangible 595 160
Accrued interest receivable and other assets 38,461 24,913
Total Assets 4,734,475 3,763,659
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Non-interest bearing deposits 602,902 382,259
Interest bearing deposits 3,419,803 2,720,068
Total deposits 4,022,705 3,102,327
FHLB and other long term borrowings 169,327 227,907
Subordinated debentures 70,620 70,620
Operating lease liabilities 18,469 19,363
Accrued interest payable and other liabilities 37,451 38,476
Total liabilities 4,318,572 3,458,693
Preferred stock, Series A non-cumulative perpetual, $0 par value; $1,000 liquidation preference; authorized 60,375 shares; issued 60,375 shares at September 30, 2020 and no shares issued at December 31, 2019 57,760 0
Common stock, $0 par value; authorized 50,000,000 shares; issued 16,978,057 shares at September 30, 2020 and 15,360,946 shares at December 31, 2019 0 0
Additional paid in capital 127,231 99,335
Retained earnings 218,239 201,503
Treasury stock, at cost (144,967 and 112,961 shares for September 30, 2020 and December 31, 2019, respectively) (2,966) (2,811)
Accumulated other comprehensive income (loss) 15,639 6,939
Total shareholders’ equity 415,903 304,966
Total Liabilities and Shareholders’ Equity $ 4,734,475 $ 3,763,659