Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 147,235 $ 164,364
Securities available for sale, at fair value (amortized cost of $521,053 as of December 31, 2016 and $700,627 as of December 31, 2015) 516,964 698,296
Loans held for sale, at the lower of cost or fair value 9,316 2,874
Loans and leases receivable, net of allowance for loan and lease losses of $32,429 as of December 31, 2016 and $42,935 as of December 31, 2015 3,812,340 3,140,381
Accrued interest receivable 10,987 9,501
Premises and equipment, net 28,698 29,834
Other real estate owned (“OREO”), net 7,484 8,511
Customers’ liability on acceptances 978 3,586
Servicing assets 10,564 11,744
Goodwill and other intangibles, net 12,889 1,701
Federal Home Loan Bank stock (“FHLB”), at cost 16,385 16,385
Federal Reserve Bank (“FRB”) stock, at cost 0 14,098
Deferred tax assets 46,332 52,095
Current tax assets 1,715 5,079
Bank-owned life insurance 49,440 48,340
Prepaid expenses and other assets 30,019 27,732
Total assets 4,701,346 4,234,521
Deposits:    
Noninterest-bearing 1,203,240 1,155,518
Interest-bearing 2,606,497 2,354,458
Total deposits 3,809,737 3,509,976
Accrued interest payable 2,567 3,177
Bank’s liability on acceptances 978 3,586
FHLB advances 315,000 170,000
Servicing liabilities 3,143 4,784
Subordinated debentures 18,978 18,703
Accrued expenses and other liabilities 19,918 30,377
Total liabilities 4,170,321 3,740,603
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 32,946,197 shares (32,330,747 shares outstanding) as of December 31, 2016 and issued 32,566,522 shares (31,974,359 shares outstanding) as of December 31, 2015 33 257
Additional paid-in capital 562,446 557,761
Accumulated other comprehensive loss, net of tax benefit of $1,695 as of December 31, 2016 and $2,007 as of December 31, 2015 (2,394) (315)
Retained earnings 41,726 6,422
Less: treasury stock, at cost; 615,450 shares as of December 31, 2016 and 592,163 shares as of December 31, 2015 (70,786) (70,207)
Total stockholders’ equity 531,025 493,918
Total liabilities and stockholders’ equity $ 4,701,346 $ 4,234,521