Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 130,851,000 $ 155,376,000
Securities available for sale, at fair value (amortized cost of $636,657 as of June 30, 2019 and $583,444 as of December 31, 2018) 639,995,000 574,908,000
Loans held for sale, at the lower of cost or fair value 6,029,000 9,390,000
Loans and leases receivable, net of allowance for loan and lease losses of $49,386 as of June 30, 2019 and $31,974 as of December 31, 2018 4,506,416,000 4,568,566,000
Accrued interest receivable 12,946,000 13,331,000
Premises and equipment, net 26,698,000 27,752,000
Customers’ liability on acceptances 849,000 173,000
Servicing assets 7,567,000 8,520,000
Goodwill and other intangible assets, net 12,028,000 12,182,000
Federal Home Loan Bank (“FHLB”) stock, at cost 16,385,000 16,385,000
Bank-owned life insurance 52,222,000 51,661,000
Prepaid expenses and other assets 99,766,000 63,975,000
Total assets 5,511,752,000 5,502,219,000
Deposits:    
Noninterest-bearing 1,312,577,000 1,284,530,000
Interest-bearing 3,449,491,000 3,462,705,000
Total deposits 4,762,068,000 4,747,235,000
Accrued interest payable 11,438,000 11,379,000
Bank’s liability on acceptances 849,000 173,000
Borrowings 0 55,000,000
Subordinated debentures 118,087,000 117,808,000
Accrued expenses and other liabilities 54,852,000 18,056,000
Total liabilities 4,947,294,000 4,949,651,000
Stockholders’ equity:    
Preferred Stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of June 30, 2019 and December 31, 2018 0 0
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 33,271,832 shares (30,975,163 shares outstanding) as of June 30, 2019 and issued 33,202,369 shares (30,928,437 shares outstanding) as of December 31, 2018 33,000 33,000
Additional paid-in capital 571,105,000 569,712,000
Accumulated other comprehensive Income (loss), net of tax expense of $961 as of June 30, 2019 and benefit of $2,457 as of December 31, 2018 2,375,000 (6,079,000)
Retained earnings 100,021,000 97,539,000
Less: treasury stock, at cost; 2,296,669 shares as of June 30, 2019 and 2,273,932 shares as of December 31, 2018 (109,076,000) (108,637,000)
Total stockholders’ equity 564,458,000 552,568,000
Total liabilities and stockholders’ equity $ 5,511,752,000 $ 5,502,219,000