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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 560,195 $ 385,303
Available-for-sale debt securities, at fair value (amortized cost of $473,971 in 2020 and $467,122 in 2019, allowance for credit losses of $126 in 2020 and $0 in 2019) 486,847 471,355
Held-to-maturity debt securities (fair value of $56,266 in 2020 and $63,156 in 2019, allowance for credit losses of $147 in 2020 and $0 in 2019) 55,745 62,531
Equity securities with readily determinable fair value 3,015 3,188
Mortgage loans held for sale, at fair value 40,028 19,224
Consumer loans held for sale, at fair value 164 598
Consumer loans held for sale, at the lower of cost or fair value 12,800 11,646
Loans (loans carried at fair value of $667 in 2020 and $998 in 2019) 5,065,092 4,433,151
Allowance for credit losses (55,097) (43,351)
Loans, net 5,009,995 4,389,800
Federal Home Loan Bank stock, at cost 25,629 30,831
Premises and equipment, net 42,753 46,196
Right-of-use assets 34,450 35,206
Goodwill 16,300 16,300
Other real estate owned 2,194 113
Bank owned life insurance 67,217 66,433
Other assets and accrued interest receivable 103,243 81,595
TOTAL ASSETS 6,460,575 5,620,319
Deposits:    
Noninterest-bearing 1,821,400 1,033,379
Interest-bearing 3,196,685 2,752,629
Total deposits 5,018,085 3,786,008
Securities sold under agreements to repurchase and other short-term borrowings 177,397 167,617
Operating lease liabilities 35,571 36,530
Federal Reserve Paycheck Protection Program Liquidity Facility 169,209  
Federal Home Loan Bank advances 137,500 750,000
Subordinated note 41,240 41,240
Other liabilities and accrued interest payable 85,954 74,680
Total liabilities 5,664,956 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 4,898 4,907
Additional paid in capital 142,813 142,068
Retained earnings 638,282 614,171
Accumulated other comprehensive income 9,626 3,098
Total stockholders' equity 795,619 764,244
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,460,575 $ 5,620,319