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, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 546,048 $ 121,678
Securities available for sale, at fair value (amortized cost of $655,500, as of June 30, 2020 and $629,725 as of December 31, 2019) 655,971 634,477
Loans held for sale, at the lower of cost or fair value 17,942 6,020
Loans receivable, net of allowance for credit losses of $86,330 as of June 30, 2020 and $61,408 as of December 31, 2019 4,739,312 4,548,739
Accrued interest receivable 21,372 11,742
Premises and equipment, net 26,412 26,070
Customers' liability on acceptances   66
Servicing assets 6,187 6,956
Goodwill and other intangible assets, net 11,742 11,873
Federal Home Loan Bank ("FHLB") stock, at cost 16,385 16,385
Income tax assets 43,286 36,787
Bank-owned life insurance 53,334 52,782
Prepaid expenses and other assets 80,172 64,610
Total assets 6,218,163 5,538,184
Deposits:    
Noninterest-bearing 1,865,213 1,391,624
Interest-bearing 3,344,568 3,307,338
Total deposits 5,209,781 4,698,962
Accrued interest payable 8,655 11,215
Bank's liability on acceptances   66
Borrowings 251,808 90,000
Subordinated debentures ($126,800 face amount less unamortized discount and debt issuance costs of $8,130) as of June 30, 2020 and ($126,800 face amount less unamortized discount and debt issuance costs of $8,423) as of December 31, 2019 118,670 118,377
Accrued expenses and other liabilities 81,813 56,297
Total liabilities 5,670,727 4,974,917
Stockholders' equity:    
Preferred Stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of June 30, 2020 and December 31, 2019
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 33,495,913 shares (30,657,629 shares outstanding) as of June 30, 2020 and issued 33,475,402 shares (30,799,624 shares outstanding) as of December 31, 2019 33 33
Additional paid-in capital 577,211 575,816
Accumulated other comprehensive income, net of tax expense of $136 as of June 30, 2020 and $1,370 as of December 31, 2019 335 3,382
Retained earnings 88,859 100,551
Less treasury stock; 2,838,284 shares as of June 30, 2020 and 2,675,778 shares as of December 31, 2019 (119,002) (116,515)
Total stockholders' equity 547,436 563,267
Total liabilities and stockholders' equity $ 6,218,163 $ 5,538,184