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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks, noninterest-bearing $ 92,465 $ 64,519
Due from banks, interest-bearing 304,731 166,783
Total cash and cash equivalents 397,196 231,302
Securities available for sale 1,168,706 821,945
Securities held to maturity (fair values of $112,114 and $68,333) 110,200 67,932
Presold mortgages in process of settlement 34,028 19,712
SBA Loans held for sale 15,012 0
Loans 4,813,736 4,453,466
Allowance for loan losses (49,226) (21,398)
Net loans 4,764,510 4,432,068
Premises and equipment 118,568 114,859
Operating right-of-use lease assets 18,400 19,669
Accrued interest receivable 19,646 16,648
Goodwill 240,972 234,368
Other intangible assets 14,517 17,217
Foreclosed properties 2,741 3,873
Bank-owned life insurance 106,345 104,441
Other assets 53,427 59,605
Total assets 7,064,268 6,143,639
LIABILITIES    
Noninterest bearing checking accounts 2,121,354 1,515,977
Interest bearing checking accounts 1,102,343 912,784
Money market accounts 1,524,710 1,173,107
Savings accounts 492,946 424,415
Time deposits of $100,000 or more 586,408 649,947
Other time deposits 232,465 255,125
Total deposits 6,060,226 4,931,355
Borrowings 61,816 300,671
Accrued interest payable 1,305 2,154
Operating lease liabilities 18,716 19,855
Other liabilities 41,387 37,203
Total liabilities 6,183,450 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: 28,687,832 and 29,601,264 shares 403,351 429,514
Retained earnings 459,988 417,764
Stock in rabbi trust assumed in acquisition (2,230) (2,587)
Rabbi trust obligation 2,230 2,587
Accumulated other comprehensive income (loss) 17,479 5,123
Total shareholders’ equity 880,818 852,401
Total liabilities and shareholders’ equity $ 7,064,268 $ 6,143,639