v3.21.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 697,789 $ 391,849
Securities available for sale, at fair value (amortized cost of $866,204 as of June 30, 2021 and $749,458 as of December 31, 2020) 862,119 753,781
Loans held for sale, at the lower of cost or fair value 36,030 8,568
Loans receivable, net of allowance for credit losses of $83,372 as of June 30, 2021 and $90,426 as of December 31, 2020 4,736,720 4,789,742
Accrued interest receivable 14,397 16,363
Premises and equipment, net 26,225 26,431
Customers' liability on acceptances 1,907 1,319
Servicing assets 6,199 6,212
Goodwill and other intangible assets, net 11,504 11,612
Federal Home Loan Bank ("FHLB") stock, at cost 16,385 16,385
Income tax assets 41,208 42,704
Bank-owned life insurance 54,402 53,894
Prepaid expenses and other assets 73,970 83,028
Total assets 6,578,856 6,201,888
Deposits:    
Noninterest-bearing 2,354,671 1,898,766
Interest-bearing 3,275,159 3,376,242
Total deposits 5,629,830 5,275,008
Accrued interest payable 1,855 4,564
Bank's liability on acceptances 1,907 1,319
Borrowings 150,000 150,000
Subordinated debentures ($126,800 face amount less unamortized discount and debt issuance costs of $7,557 and $7,828 as of June 30, 2021 and December 31, 2020, respectively) 119,243 118,972
Accrued expenses and other liabilities 73,044 74,981
Total liabilities 5,975,879 5,624,844
Stockholders' equity:    
Preferred stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of June 30, 2021 and December 31, 2020
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 33,617,311 shares (30,697,652 shares outstanding) as of June 30, 2021 and issued 33,560,801 shares (30,717,835 shares outstanding) as of December 31, 2020 33 33
Additional paid-in capital 579,595 578,360
Accumulated other comprehensive (loss) income, net of tax benefit of $1,226 as of June 30, 2021 and net of tax expense of $1,247 as of December 31, 2020 (2,859) 3,076
Retained earnings 146,651 114,621
Less treasury stock; 2,919,659 shares as of June 30, 2021 and 2,842,966 shares as of December 31, 2020 (120,443) (119,046)
Total stockholders' equity 602,977 577,044
Total liabilities and stockholders' equity $ 6,578,856 $ 6,201,888

Source