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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 316,263 $ 385,303
Available-for-sale debt securities, at fair value (amortized cost of $531,974 in 2020 and $467,122 in 2019, allowance for credit losses of $126 in 2020 and $0 in 2019) 543,859 471,355
Held-to-maturity debt securities (fair value of $59,725 in 2020 and $63,156 in 2019, allowance for credit losses of $171 in 2020 and $0 in 2019) 61,664 62,531
Equity securities with readily determinable fair value 2,807 3,188
Mortgage loans held for sale, at fair value 39,384 19,224
Consumer loans held for sale, at fair value 3,431 598
Consumer loans held for sale, at the lower of cost or fair value 12,089 11,646
Loans (loans carried at fair value of $827 in 2020 and $998 in 2019) 4,515,599 4,433,151
Allowance for credit losses (70,431) (43,351)
Loans, net 4,445,168 4,389,800
Federal Home Loan Bank stock, at cost 38,900 30,831
Premises and equipment, net 44,215 46,196
Right-of-use assets 34,349 35,206
Goodwill 16,300 16,300
Other real estate owned 85 113
Bank owned life insurance 66,822 66,433
Other assets and accrued interest receivable 96,697 81,595
TOTAL ASSETS 5,722,033 5,620,319
Deposits:    
Noninterest-bearing 1,300,891 1,033,379
Interest-bearing 2,770,566 2,752,629
Total deposits 4,071,457 3,786,008
Securities sold under agreements to repurchase and other short-term borrowings 126,080 167,617
Operating lease liabilities 35,537 36,530
Federal Home Loan Bank advances 572,500 750,000
Subordinated note 41,240 41,240
Other liabilities and accrued interest payable 91,173 74,680
Total liabilities 4,937,987 4,856,075
Commitments and contingent liabilities (Footnote 9)
STOCKHOLDERS’ EQUITY    
Preferred stock, no par value
Class A Common Stock and Class B Common Stock, no par value 4,890 4,907
Additional paid in capital 141,928 142,068
Retained earnings 628,397 614,171
Accumulated other comprehensive income 8,831 3,098
Total stockholders’ equity 784,046 764,244
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 5,722,033 $ 5,620,319