Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v3.19.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 169,830,000 $ 155,376,000
Securities available for sale, at fair value (amortized cost of $624,112 as of March 31, 2019 and $583,444 as of December 31, 2018) 621,470,000 574,908,000
Loans held for sale, at the lower of cost or fair value 7,140,000 9,390,000
Loans and leases receivable, net of allowance for loan and lease losses of $32,896 as of March 31, 2019 and $31,974 as of December 31, 2018 4,542,724,000 4,568,566,000
Accrued interest receivable 13,397,000 13,331,000
Premises and equipment, net 28,426,000 27,752,000
Customers’ liability on acceptances 750,000 173,000
Servicing assets 7,978,000 8,520,000
Goodwill and other intangible assets, net 12,105,000 12,182,000
Federal Home Loan Bank (“FHLB”) stock, at cost 16,385,000 16,385,000
Bank-owned life insurance 51,941,000 51,661,000
Prepaid expenses and other assets 98,922,000 63,975,000
Total assets 5,571,068,000 5,502,219,000
Deposits:    
Noninterest-bearing 1,316,114,000 1,284,530,000
Interest-bearing 3,504,061,000 3,462,705,000
Total deposits 4,820,175,000 4,747,235,000
Accrued interest payable 14,437,000 11,379,000
Bank’s liability on acceptances 750,000 173,000
Borrowings 0 55,000,000
Subordinated debentures 117,947,000 117,808,000
Accrued expenses and other liabilities 53,467,000 18,056,000
Total liabilities 5,006,776,000 4,949,651,000
Stockholders’ equity:    
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 33,153,888 shares (30,860,533 shares outstanding) as of March 31, 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 570,432,000 569,712,000
Accumulated other comprehensive loss, net of tax benefit of $760 as of March 31, 2019 and $2,457 as of December 31, 2018 (1,882,000) (6,079,000)
Retained earnings 104,771,000 97,539,000
Less: treasury stock, at cost; 2,293,355 shares as of March 31, 2019 and 2,273,932 shares as of December 31, 2018 (109,062,000) (108,637,000)
Total stockholders’ equity 564,292,000 552,568,000
Total liabilities and stockholders’ equity $ 5,571,068,000 $ 5,502,219,000