v3.20.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 359,755 $ 121,678
Securities available for sale, at fair value (amortized cost of $721,183, as of September 30, 2020 and $629,725 as of December 31, 2019) 723,601 634,477
Loans held for sale, at the lower of cost or fair value 12,834 6,020
Loans receivable, net of allowance for credit losses of $86,620 as of September 30, 2020 and $61,408 as of December 31, 2019 4,747,517 4,548,739
Accrued interest receivable 21,417 11,742
Premises and equipment, net 27,956 26,070
Customers' liability on acceptances 208 66
Servicing assets 6,348 6,956
Goodwill and other intangible assets, net 11,677 11,873
Federal Home Loan Bank ("FHLB") stock, at cost 16,385 16,385
Income tax assets 43,652 36,787
Bank-owned life insurance 53,623 52,782
Prepaid expenses and other assets 81,809 64,609
Total assets 6,106,782 5,538,184
Deposits:    
Noninterest-bearing 1,961,006 1,391,624
Interest-bearing 3,233,286 3,307,338
Total deposits 5,194,292 4,698,962
Accrued interest payable 5,427 11,215
Bank's liability on acceptances 208 66
Borrowings 150,000 90,000
Subordinated debentures ($126,800 face amount less unamortized discount and debt issuance costs of $7,979) as of September 30, 2020 and ($126,800 face amount less unamortized discount and debt issuance costs of $8,423) as of December 31, 2019 118,821 118,377
Accrued expenses and other liabilities 74,831 56,297
Total liabilities 5,543,579 4,974,917
Stockholders' equity:    
Preferred Stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of September 30, 2020 and December 31, 2019
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 33,560,983 shares (30,719,591 shares outstanding) as of September 30, 2020 and issued 33,475,402 shares (30,799,624 shares outstanding) as of December 31, 2019 33 33
Additional paid-in capital 577,727 575,816
Accumulated other comprehensive income, net of tax expense of $697 as of September 30, 2020 and $1,370 as of December 31, 2019 1,721 3,382
Retained earnings 102,751 100,551
Less treasury stock; 2,841,392 shares as of September 30, 2020 and 2,675,778 shares as of December 31, 2019 (119,029) (116,515)
Total stockholders' equity 563,203 563,267
Total liabilities and stockholders' equity $ 6,106,782 $ 5,538,184

Source