Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 130,197 $ 164,364
Securities available for sale, at fair value (amortized cost of $537,820 as of September 30, 2016 and $700,627 as of December 31, 2015) 548,961 698,296
Loans held for sale, at the lower of cost or fair value 6,425 2,874
Loans receivable, net of allowance for loan losses of $38,972 as of September 30, 2016 and $42,935 as of December 31, 2015 3,513,687 3,140,381
Accrued interest receivable 10,160 9,501
Premises and equipment, net 27,682 29,834
Other real estate owned (OREO), net 10,971 8,511
Customers’ liability on acceptances 1,041 3,586
Servicing assets 10,833 11,744
Core deposit intangible, net 1,456 1,701
Federal Home Loan Bank (FHLB) stock, at cost 16,385 16,385
Federal Reserve Bank (FRB) stock, at cost 0 14,098
Income tax asset 50,145 57,174
Bank-owned life insurance 49,149 48,340
Prepaid expenses and other assets 25,088 27,732
Total assets 4,402,180 4,234,521
Deposits:    
Noninterest-bearing 1,231,967 1,155,518
Interest-bearing 2,539,240 2,354,458
Total deposits 3,771,207 3,509,976
Accrued interest payable 2,444 3,177
Bank’s liability on acceptances 1,041 3,586
FHLB advances 55,000 170,000
Servicing liabilities 3,426 4,784
Federal Deposit Insurance Corporation (FDIC) loss sharing liability 1,701 1,289
Subordinated debentures 18,888 18,703
Accrued expenses and other liabilities 17,275 29,088
Total liabilities 3,870,982 3,740,603
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 32,865,393 shares (32,252,774 shares outstanding) as of September 30, 2016 and issued 32,566,522 shares (31,974,359 shares outstanding) as of December 31, 2015 33 257
Additional paid-in capital 560,906 557,761
Accumulated other comprehensive income (loss), net of tax expense of $3,586 as of September 30, 2016 and tax benefit of $2,007 as of December 31, 2015 7,555 (315)
Retained earnings 33,413 6,422
Less: treasury stock, at cost; 612,619 shares as of September 30, 2016 and 592,163 shares as of December 31, 2015 (70,709) (70,207)
Total stockholders’ equity 531,198 493,918
Total liabilities and stockholders’ equity $ 4,402,180 $ 4,234,521