Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 156,632 $ 164,364
Securities available for sale, at fair value (amortized cost of $622,459 as of June 30, 2016 and $700,627 as of December 31, 2015) 636,275 698,296
Loans held for sale, at the lower of cost or fair value 12,833 2,874
Loans receivable, net of allowance for loan losses of $39,707 as of June 30, 2016 and $42,935 as of December 31, 2015 3,409,603 3,140,381
Accrued interest receivable 10,552 9,501
Premises and equipment, net 29,752 29,834
Other real estate owned (OREO), net 11,846 8,511
Customers’ liability on acceptances 2,456 3,586
Servicing assets 11,337 11,744
Core deposit intangible, net 1,537 1,701
Federal Home Loan Bank (FHLB) stock, at cost 16,385 16,385
Federal Reserve Bank (FRB) stock, at cost 14,423 14,098
Income tax asset 52,161 57,174
Bank-owned life insurance 48,851 48,340
Prepaid expenses and other assets 26,690 27,732
Total assets 4,441,333 4,234,521
Deposits:    
Noninterest-bearing 1,189,528 1,155,518
Interest-bearing 2,399,761 2,354,458
Total deposits 3,589,289 3,509,976
Accrued interest payable 3,107 3,177
Bank’s liability on acceptances 2,456 3,586
FHLB advances 280,000 170,000
Servicing liabilities 3,921 4,784
Federal Deposit Insurance Corporation (FDIC) loss sharing liability 18 1,289
Subordinated debentures 18,821 18,703
Accrued expenses and other liabilities 18,536 29,088
Total liabilities 3,916,148 3,740,603
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 32,863,007 shares (32,260,320 shares outstanding) as of June 30, 2016 and issued 32,566,522 shares (31,974,359 shares outstanding) as of December 31, 2015 33 257
Additional paid-in capital 560,089 557,761
Accumulated other comprehensive income (loss), net of tax expense of $4,695 as of June 30, 2016 and tax benefit of $2,007 as of December 31, 2015 9,121 (315)
Retained earnings 26,396 6,422
Less: treasury stock, at cost; 602,687 shares as of June 30, 2016 and 592,163 shares as of December 31, 2015 (70,454) (70,207)
Total stockholders’ equity 525,185 493,918
Total liabilities and stockholders’ equity $ 4,441,333 $ 4,234,521