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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 153,000,000 $ 127,503,000
Interest-earning deposits with banks 66,272,000 122,952,000
Securities    
Trading 1,963,000 1,504,000
Equity Securities, FV-NI 21,021,000 19,477,000
Debt Securities, Available-for-sale 391,975,000 442,752,000
Held to maturity (fair value $792,163 and $603,640) 777,270,000 611,490,000
Total securities 1,192,229,000 1,075,223,000
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group 55,937,000 6,431,000
Loans    
Total loans [1] 8,913,501,000 6,906,194,000
Less: allowance for loan losses (66,942,000) (64,293,000)
Net loans 8,846,559,000 6,841,901,000
Federal Home Loan Bank stock 14,976,000 15,683,000
Bank premises and equipment, net 125,026,000 97,581,000
Goodwill 504,562,000 256,105,000
Other intangible assets 31,307,000 15,250,000
Cash surrender value of life insurance policies 195,883,000 160,456,000
Other assets 352,888,000 132,507,000
Total assets 11,538,639,000 8,851,592,000
Deposits    
Noninterest-bearing demand deposits 2,752,150,000 2,450,907,000
Savings and interest checking accounts 3,199,182,000 2,865,349,000
Money market 1,904,643,000 1,399,761,000
Time certificates of deposit of $100,000 and over 705,578,000 351,629,000
Other time certificates of deposits 764,538,000 359,474,000
Total deposits 9,326,091,000 7,427,120,000
Borrowings    
Federal Home Loan Bank borrowings 70,708,000 147,806,000
Long-term Debt 74,894,000 [2] 0
Junior subordinated debentures (less unamortized debt issuance costs of $40 and $118) 62,848,000 76,173,000
Subordinated debentures (less unamortized debt issuance costs of $659 and $272) 84,341,000 34,728,000
Total borrowings 292,791,000 258,707,000
Other liabilities 237,433,000 92,275,000
Total liabilities 9,856,315,000 7,778,102,000
Commitments and contingencies 0 0
Stockholders' equity    
Preferred stock, $.01 par value, authorized: 1,000,000 shares, outstanding: none 0 0
Common stock, $.01 par value, authorized: 75,000,000 shares, issued and outstanding: 34,366,781 shares at September 30, 2019 and 28,080,408 shares at December 31, 2018 (includes 148,596 and 153,459 shares of unvested participating restricted stock awards, respectively) 342,000 279,000
Value of shares held in rabbi trust at cost: 144,967 shares at September 30, 2019 and 153,226 shares at December 31, 2018 (4,713,000) (4,718,000)
Deferred compensation and other retirement benefit obligations 4,713,000 4,718,000
Additional paid in capital 1,033,949,000 527,648,000
Retained earnings 621,831,000 546,736,000
Accumulated other comprehensive income (loss), net of tax 26,202,000 (1,173,000)
Total stockholders’ equity 1,682,324,000 1,073,490,000
Total liabilities and stockholders' equity 11,538,639,000 8,851,592,000
Commercial And Industrial [Member]    
Loans    
Financing Receivable, before Allowance for Credit Loss 1,411,516,000 1,093,629,000
Total loans [1] 1,411,516,000 1,093,629,000
Less: allowance for loan losses (17,332,000) (15,760,000)
Commercial Real Estate Portfolio Segment [Member]    
Loans    
Financing Receivable, before Allowance for Credit Loss 4,000,487,000 3,251,248,000
Construction [Member]    
Loans    
Financing Receivable, before Allowance for Credit Loss 520,585,000 365,165,000
Small Business [Member]    
Loans    
Financing Receivable, before Allowance for Credit Loss 172,038,000 164,676,000
Total loans [1] 172,038,000 164,676,000
Less: allowance for loan losses (1,752,000) (1,756,000)
Residential Real Estate [Member]    
Loans    
Financing Receivable, before Allowance for Credit Loss 1,644,758,000 923,294,000
Total loans [1] 1,644,758,000 923,294,000
Less: allowance for loan losses (3,348,000) (3,219,000)
Home Equity 1st Position [Member]    
Loans    
Financing Receivable, before Allowance for Credit Loss 644,675,000 654,083,000
Home Equity Subordinate Position [Member]    
Loans    
Financing Receivable, before Allowance for Credit Loss 492,434,000 438,001,000
Consumer Loan [Member]    
Loans    
Financing Receivable, before Allowance for Credit Loss $ 27,008,000 $ 16,098,000
[1]
The amount of net deferred costs on originated loans included in the ending balance was $7.2 million and $7.1 million at September 30, 2019 and December 31, 2018, respectively. Net unamortized discounts on acquired loans not deemed to be purchased credit impaired ("PCI") included in the ending balance was $24.7 million and $15.2 million at September 30, 2019 and December 31, 2018, respectively.
[2]
Fair value was determined by discounting anticipated future cash payments using rates currently available for instruments with similar remaining maturities.