XML 24 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash $ 272,560 $ 275,794
Interest-bearing deposits due from banks 13,076 6,577
Total cash and cash equivalents 285,636 282,371
Investment securities available for sale, at fair value 813,090 755,900
Equity securities, at fair value 16,902 16,473
Investment securities held to maturity; fair value of $119,023 at March 31, 2020 and $124,904 at December 31, 2019 115,752 123,975
Federal Home Loan Bank and other membership bank stock, at cost 28,575 22,505
Loans held for sale 3,098 1,743
Loans, net of deferred fees 5,328,623 5,137,823
Less: Allowance for loan losses 48,884 40,003
Net loans 5,279,739 5,097,820
Premises and equipment, net 47,618 47,608
Operating lease right-of-use assets 17,621 18,282
Accrued interest receivable 16,775 16,832
Goodwill 156,277 156,277
Other identifiable intangible assets 4,049 4,314
Bank owned life insurance 113,082 112,392
Other assets 115,694 54,744
TOTAL ASSETS 7,013,908 6,711,236
Deposits:    
Noninterest-bearing 1,129,695 1,124,121
Savings and interest-bearing transaction accounts 3,241,397 3,298,854
Time deposits $250 thousand and under 845,554 652,144
Time deposits over $250 thousand 238,492 218,660
Total deposits 5,455,138 5,293,779
Federal funds purchased and securities sold under agreements to repurchase 419,085 328,658
Other borrowings 140,715 165,816
Subordinated debentures 118,229 118,220
Operating lease liabilities 19,126 19,814
Other liabilities 124,693 59,686
TOTAL LIABILITIES 6,276,986 5,985,973
STOCKHOLDERS’ EQUITY    
Common stock, no par value; authorized shares, 100,000,000; issued shares 50,592,673 and outstanding shares 50,461,638 at March 31, 2020 and issued and outstanding shares 50,498,410 at December 31, 2019 560,653 560,263
Retained earnings 168,780 162,752
Treasury shares, at cost, 131,035 shares at March 31, 2020 and no shares at December 31, 2019 (1,452) 0
Accumulated other comprehensive income 8,941 2,248
TOTAL STOCKHOLDERS’ EQUITY 736,922 725,263
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 7,013,908 $ 6,711,236