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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash $ 262,327 $ 275,794
Interest-bearing deposits due from banks 7,763 6,577
Total cash and cash equivalents 270,090 282,371
Investment securities, available for sale, at estimated fair value (allowance for credit losses of $2 at December 31, 2020) 855,746 755,900
Investment securities, held to maturity (estimated fair value of $93,868 at December 31, 2020 and $124,904 at December 31, 2019 and no allowance for credit losses at December 31, 2020) 90,766 123,975
Equity securities, at fair value 14,694 16,473
Federal Home Loan Bank and other membership stock, at cost 11,979 22,505
Loans held for sale 1,335 1,743
Loans, net of deferred fees 6,021,232 5,137,823
Financing Receivable, Allowance for Credit Loss 71,124 40,003
Total loans, net 5,950,108 5,097,820
Premises and equipment, net 48,495 47,608
Operating lease right-of-use assets 16,772 18,282
Accrued interest receivable 19,339 16,832
Goodwill 156,277 156,277
Other identifiable intangible assets 3,288 4,314
Bank owned life insurance 115,115 112,392
Other assets 110,293 54,744
Total Assets 7,664,297 6,711,236
Liabilities    
Deposits 6,455,783 5,293,779
Federal funds purchased and securities sold under agreements to repurchase 169,560 328,658
Other borrowings 25,000 165,816
Subordinated debentures 118,257 118,220
Operating lease liabilities 18,183 19,814
Other liabilities 113,730 59,686
Total Liabilities 6,900,513 5,985,973
Stockholders’ Equity    
Common stock, no par value; authorized 100,000,000 shares; issued 50,610,681 shares and outstanding 50,479,646 shares at December 31, 2020 and issued and outstanding 50,498,410 shares at December 31, 2019 562,421 560,263
Retained earnings 191,418 162,752
Treasury shares, at cost, 131,035 shares at December 31, 2020 and no shares at December 31, 2019 (1,452) 0
Accumulated other comprehensive gain 11,397 2,248
Total Stockholders’ Equity 763,784 725,263
Total Liabilities and Stockholders’ Equity $ 7,664,297 $ 6,711,236