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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash $ 314,591 $ 275,794
Interest-bearing deposits due from banks 31,337 6,577
Total cash and cash equivalents 345,928 282,371
Investment securities available for sale, at fair value 783,331 755,900
Equity securities, at fair value 14,076 16,473
Investment securities held to maturity; fair value of $101,205 at September 30, 2020 and $124,904 at December 31, 2019 97,893 123,975
Federal Home Loan Bank and other membership bank stock, at cost 14,235 22,505
Loans held for sale 4,197 1,743
Loans, net of deferred fees 5,843,591 5,137,823
Less: Allowance for loan losses 65,242 40,003
Net loans 5,778,349 5,097,820
Premises and equipment, net 47,810 47,608
Operating lease right-of-use assets 17,028 18,282
Accrued interest receivable 21,480 16,832
Goodwill 156,277 156,277
Other identifiable intangible assets 3,538 4,314
Bank owned life insurance 114,418 112,392
Other assets 123,624 54,744
TOTAL ASSETS 7,522,184 6,711,236
Deposits:    
Noninterest-bearing 1,474,847 1,124,121
Savings and interest-bearing transaction accounts 3,647,328 3,298,854
Time deposits $250 thousand and under 961,402 652,144
Time deposits over $250 thousand 182,939 218,660
Total deposits 6,266,516 5,293,779
Federal funds purchased and securities sold under agreements to repurchase 97,874 328,658
Other borrowings 135,111 165,816
Subordinated debentures 118,248 118,220
Operating lease liabilities 18,471 19,814
Other liabilities 132,392 59,686
TOTAL LIABILITIES 6,768,612 5,985,973
STOCKHOLDERS’ EQUITY    
Common stock, no par value; authorized shares, 100,000,000; issued shares 50,598,670 and outstanding shares 50,467,635 at September 30, 2020 and issued and outstanding shares 50,498,410 at December 31, 2019 561,817 560,263
Retained earnings 182,329 162,752
Treasury shares, at cost, 131,035 shares at September 30, 2020 and no shares at December 31, 2019 (1,452) 0
Accumulated other comprehensive income 10,878 2,248
TOTAL STOCKHOLDERS’ EQUITY 753,572 725,263
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 7,522,184 $ 6,711,236