Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 150,678 $ 155,376
Securities available for sale, at fair value (amortized cost of $616,604 as of September 30, 2019 and $583,444 as of December 31, 2018) 621,815 574,908
Loans held for sale, at the lower of cost or fair value 6,598 9,390
Loans and leases receivable, net of allowance for loan and lease losses of $50,712 as of September 30, 2019 and $31,974 as of December 31, 2018 4,519,125 4,568,566
Accrued interest receivable 11,723 13,331
Premises and equipment, net 27,271 27,752
Customers’ liability on acceptances 33 173
Servicing assets 7,436 8,520
Goodwill and other intangible assets, net 11,950 12,182
Federal Home Loan Bank (“FHLB”) stock, at cost 16,385 16,385
Bank-owned life insurance 52,500 51,661
Prepaid expenses and other assets 102,468 63,975
Total assets 5,527,982 5,502,219
Deposits:    
Noninterest-bearing 1,388,121 1,284,530
Interest-bearing 3,302,020 3,462,705
Total deposits 4,690,141 4,747,235
Accrued interest payable 10,076 11,379
Bank’s liability on acceptances 33 173
Borrowings 75,000 55,000
Subordinated debentures 118,232 117,808
Accrued expenses and other liabilities 59,973 18,056
Total liabilities 4,953,455 4,949,651
Stockholders’ equity:    
Preferred stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of September 30, 2019 and December 31, 2018 0 0
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 33,471,702 shares (31,173,881 shares outstanding) as of September 30, 2019 and issued 33,202,369 shares (30,928,437 shares outstanding) as of December 31, 2018 33 33
Additional paid-in capital 574,957 569,712
Accumulated other comprehensive income (loss), net of tax benefit (expense) of ($1,500) as of September 30, 2019 and benefit of $2,457 as of December 31, 2018 3,708 (6,079)
Retained earnings 104,927 97,539
Less: treasury stock; 2,297,821 shares as of September 30, 2019 and 2,273,932 shares as of December 31, 2018 (109,098) (108,637)
Total stockholders’ equity 574,527 552,568
Total liabilities and stockholders’ equity $ 5,527,982 $ 5,502,219