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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Cash and cash equivalents:    
Cash and due from banks $ 54,890 $ 46,354
Interest bearing deposits 97,197 31,178
Federal funds sold 273 273
Total cash and cash equivalents 152,360 77,805
Investment securities available-for-sale 523,275 310,262
Investment securities held-to-maturity, estimated fair value of $148,213 at September 30, 2016; $142,260 at December 31, 2015 141,326 139,424
Federal Home Loan Bank (FHLB) stock 3,270 3,000
Loans held for sale 9,478 3,621
Loans, net 2,034,353 1,662,095
Premises and equipment, net 50,221 42,031
Bank-owned life insurance (BOLI) 56,708 54,450
Other real estate owned (OREO), net 1,677 3,274
Deferred tax asset (DTA), net 46,211 50,673
Core deposit intangible (CDI) 12,691 6,863
Goodwill 84,775 78,610
Other assets 58,476 35,921
Total assets 3,174,821 2,468,029
Deposits:    
Demand 946,318 727,730
Interest bearing demand 1,371,955 1,044,134
Savings 192,780 135,527
Time 234,028 175,697
Total deposits 2,745,081 2,083,088
Other liabilities 62,744 48,167
Total liabilities 2,807,825 2,131,255
Stockholders’ equity:    
Preferred stock, no par value; 5,000,000 shares authorized; none issued or outstanding 0 0
Common stock, no par value; 100,000,000 shares authorized; 76,263,275 issued and outstanding as of September 30, 2016; 72,792,570 issued and outstanding as of December 31, 2015 470,938 452,925
Accumulated deficit (106,918) (117,772)
Accumulated other comprehensive income 2,976 1,621
Total stockholders’ equity 366,996 336,774
Total liabilities and stockholders’ equity $ 3,174,821 $ 2,468,029