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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks, noninterest-bearing $ 94,684 $ 64,519
Due from banks, interest-bearing 584,830 166,783
Total cash and cash equivalents 679,514 231,302
Securities available for sale 784,832 821,945
Securities held to maturity (fair values of $96,318 and $68,333) 94,924 67,932
Presold mortgages in process of settlement 31,015 19,712
SBA Loans held for sale 3,382 0
Loans 4,770,063 4,453,466
Allowance for loan losses (42,342) (21,398)
Net loans 4,727,721 4,432,068
Premises and equipment 115,373 114,859
Operating right-of-use lease assets 18,833 19,669
Accrued interest receivable 19,943 16,648
Goodwill 234,368 234,368
Other intangible assets 14,472 17,217
Foreclosed properties 2,987 3,873
Bank-owned life insurance 105,712 104,441
Other assets 55,519 59,605
Total assets 6,888,595 6,143,639
LIABILITIES    
Noninterest bearing checking accounts 2,041,778 1,515,977
Interest bearing checking accounts 1,112,625 912,784
Money market accounts 1,353,053 1,173,107
Savings accounts 474,455 424,415
Time deposits of $100,000 or more 610,137 649,947
Other time deposits 239,090 255,125
Total deposits 5,831,138 4,931,355
Borrowings 112,199 300,671
Accrued interest payable 1,525 2,154
Operating lease liabilities 19,109 19,855
Other liabilities 56,733 37,203
Total liabilities 6,020,704 5,291,238
Commitments and contingencies
SHAREHOLDERS’ EQUITY    
Preferred stock, no par value per share. Authorized: 5,000,000 shares Issued & outstanding: none, none, and none 0 0
Common stock, no par value per share. Authorized: 40,000,000 shares Issued & outstanding: 28,976,681 and 29,601,264 shares 408,699 429,514
Retained earnings 441,846 417,764
Stock in rabbi trust assumed in acquisition (2,217) (2,587)
Rabbi trust obligation 2,217 2,587
Accumulated other comprehensive income (loss) 17,346 5,123
Total shareholders’ equity 867,891 852,401
Total liabilities and shareholders’ equity $ 6,888,595 $ 6,143,639