Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 153,826 $ 147,235
Securities available for sale, at fair value (amortized cost of $581,992 as of December 31, 2017 and $521,053 as of December 31, 2016) 578,804 516,964
Loans held for sale, at the lower of cost or fair value 6,394 9,316
Loans and leases receivable, net of allowance for loan and lease losses of $31,043 as of December 31, 2017 and $32,429 as of December 31, 2016 4,273,415 3,812,340
Accrued interest receivable 12,770 10,987
Premises and equipment, net 26,655 28,698
Other real estate owned (“OREO”), net 1,946 7,484
Customers’ liability on acceptances 803 978
Servicing assets 10,218 10,564
Goodwill and other intangibles, net 12,544 12,889
Federal Home Loan Bank stock (“FHLB”), at cost 16,385 16,385
Deferred tax assets 32,455 46,332
Current tax assets 5,824 1,715
Bank-owned life insurance 50,554 49,440
Prepaid expenses and other assets 27,892 30,019
Total assets 5,210,485 4,701,346
Deposits:    
Noninterest-bearing 1,312,274 1,203,240
Interest-bearing 3,036,380 2,606,497
Total deposits 4,348,654 3,809,737
Accrued interest payable 5,309 2,567
Bank’s liability on acceptances 803 978
Borrowings 150,000 315,000
Subordinated debentures 117,270 18,978
Accrued expenses and other liabilities 25,972 23,061
Total liabilities 4,648,008 4,170,321
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 33,083,133 shares (32,431,627 shares outstanding) as of December 31, 2017 and issued 32,946,197 shares (32,330,747 shares outstanding) as of December 31, 2016 33 33
Additional paid-in capital 565,627 562,446
Accumulated other comprehensive loss, net of tax benefit of $1,319 as of December 31, 2017 and $1,695 as of December 31, 2016 (1,869) (2,394)
Retained earnings 70,575 41,726
Less: treasury stock, at cost; 651,506 shares as of December 31, 2017 and 615,450 shares as of December 31, 2016 (71,889) (70,786)
Total stockholders’ equity 562,477 531,025
Total liabilities and stockholders’ equity $ 5,210,485 $ 4,701,346