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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash $ 319,834 $ 275,794
Interest-bearing deposits due from banks 22,773 6,577
Total cash and cash equivalents 342,607 282,371
Investment securities available for sale, at fair value 811,981 755,900
Equity securities, at fair value 17,182 16,473
Investment securities held to maturity; fair value of $113,241 at June 30, 2020 and $124,904 at December 31, 2019 109,834 123,975
Federal Home Loan Bank and other membership bank stock, at cost 18,988 22,505
Loans held for sale 2,793 1,743
Loans, net of deferred fees 5,756,155 5,137,823
Less: Allowance for loan losses 57,839 40,003
Net loans 5,698,316 5,097,820
Premises and equipment, net 47,894 47,608
Operating lease right-of-use assets 17,502 18,282
Accrued interest receivable 23,344 16,832
Goodwill 156,277 156,277
Other identifiable intangible assets 3,788 4,314
Bank owned life insurance 113,748 112,392
Other assets 124,262 54,744
TOTAL ASSETS 7,488,516 6,711,236
Deposits:    
Noninterest-bearing 1,486,273 1,124,121
Savings and interest-bearing transaction accounts 3,510,723 3,298,854
Time deposits $250 thousand and under 910,351 652,144
Time deposits over $250 thousand 218,155 218,660
Total deposits 6,125,502 5,293,779
Federal funds purchased and securities sold under agreements to repurchase 183,116 328,658
Other borrowings 155,715 165,816
Subordinated debentures 118,239 118,220
Operating lease liabilities 18,976 19,814
Other liabilities 141,479 59,686
TOTAL LIABILITIES 6,743,027 5,985,973
STOCKHOLDERS’ EQUITY    
Common stock, no par value; authorized shares, 100,000,000; issued shares 50,594,196 and outstanding shares 50,463,161 at June 30, 2020 and issued and outstanding shares 50,498,410 at December 31, 2019 561,257 560,263
Retained earnings 174,267 162,752
Treasury shares, at cost, 131,035 shares at June 30, 2020 and no shares at December 31, 2019 (1,452) 0
Accumulated other comprehensive income 11,417 2,248
TOTAL STOCKHOLDERS’ EQUITY 745,489 725,263
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 7,488,516 $ 6,711,236