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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash $ 275,794 $ 205,199
Interest-bearing deposits due from banks 6,577 3,400
Total cash and cash equivalents 282,371 208,599
Investment securities, available for sale, at fair value 755,900 638,618
Equity securities, at fair value 16,473 15,921
Investment securities, held to maturity, at amortized cost with fair value of $124,904 at December 31, 2019 and $150,932 at December 31, 2018 123,975 153,646
Federal Home Loan Bank and other membership stock, at cost 22,505 13,301
Loans held for sale 1,743 1,113
Loans, net of deferred fees 5,137,823 4,456,733
Allowance for loan losses (40,003) (37,688)
Net loans 5,097,820 4,419,045
Premises and equipment, net 47,608 49,175
Operating lease right-of-use assets 18,282  
Accrued interest receivable 16,832 16,114
Goodwill 156,277 136,433
Other identifiable intangible assets 4,314 1,768
Bank owned life insurance 112,392 110,052
Other assets 54,744 42,308
TOTAL ASSETS 6,711,236 5,806,093
Deposits:    
Noninterest-bearing 1,124,121 950,218
Savings and interest-bearing transaction accounts 3,298,854 2,913,414
Time deposits $250 thousand and under 652,144 589,737
Time deposits over $250 thousand 218,660 167,301
Total deposits 5,293,779 4,620,670
Federal funds purchased and securities sold under agreements to repurchase 328,658 233,905
Other borrowings 165,816 181,118
Subordinated debentures 118,220 105,027
Operating lease liabilities 19,814  
Other liabilities 59,686 41,634
TOTAL LIABILITIES 5,985,973 5,182,354
STOCKHOLDERS’ EQUITY:    
Common stock, no par value; authorized 100,000,000 shares; issued shares, 50,498,410 at December 31, 2019 and 47,486,250 at December 31, 2018 560,263 514,703
Retained earnings 162,752 116,874
Accumulated other comprehensive gain (loss) 2,248 (7,838)
TOTAL STOCKHOLDERS’ EQUITY 725,263 623,739
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 6,711,236 $ 5,806,093