|
Consolidated Balance Sheets (USD $)
|
Dec. 31, 2014
|
Dec. 31, 2013
|
| Cash and cash equivalents: |
|
|
| Cash and due from banks |
$ 39,115,000 |
$ 33,300,000 |
| Interest bearing deposits |
43,701,000 |
48,527,000 |
| Federal funds sold |
273,000 |
22,000 |
| Total cash and cash equivalents |
83,089,000 |
81,849,000 |
| Investment securities available-for-sale |
319,882,000 |
194,481,000 |
| Investment securities held-to-maturity, estimated fair value of $155,555 ($1,342 in 2013) |
152,579,000 |
1,320,000 |
| Federal Home Loan Bank (FHLB) stock |
25,646,000 |
9,913,000 |
| Loans held for sale |
6,690,000 |
10,359,000 |
| Loans, net |
1,468,784,000 |
973,618,000 |
| Premises and equipment, net |
43,649,000 |
32,953,000 |
| Bank-owned life insurance (BOLI) |
53,449,000 |
36,567,000 |
| Other real estate owned (OREO), net |
3,309,000 |
3,144,000 |
| Deferred tax asset (DTA), net |
66,126,000 |
50,068,000 |
| Core deposit intangible, net, beginning of period |
7,683,000 |
529,000 |
| Goodwill |
80,082,000 |
0 |
| Other assets |
30,169,000 |
11,418,000 |
| Total assets |
2,341,137,000 |
1,406,219,000 |
| Deposits: |
|
|
| Demand |
619,377,000 |
431,079,000 |
| Interest bearing demand |
995,497,000 |
544,668,000 |
| Savings |
129,610,000 |
50,258,000 |
| Time |
237,138,000 |
141,315,000 |
| Total deposits |
1,981,622,000 |
1,167,320,000 |
| FHLB borrowings |
0 |
27,000,000 |
| Other liabilities |
44,032,000 |
23,184,000 |
| Total liabilities |
2,025,654,000 |
1,217,504,000 |
| Stockholders' equity: |
|
|
| Preferred stock, no par value; 5,000,000 shares authorized; none issued or outstanding |
0 |
0 |
| Common stock, no par value; 100,000,000 shares authorized; 72,491,850 issued and outstanding (47,592,061 in 2013) |
450,999,000 |
330,839,000 |
| Accumulated deficit |
(138,351,000) |
(142,088,000) |
| Accumulated other comprehensive income (loss) |
2,835,000 |
(36,000) |
| Total stockholders' equity |
315,483,000 |
188,715,000 |
| Total liabilities and stockholders' equity |
2,341,137,000 |
1,406,219,000 |
| Core Deposits |
|
|
| Cash and cash equivalents: |
|
|
| Core deposit intangible, net, beginning of period |
7,683,000 |
529,000 |
| Level 2 |
|
|
| Cash and cash equivalents: |
|
|
| Investment securities available-for-sale |
319,882,000 |
194,481,000 |
| Other real estate owned (OREO), net |
$ 0 |
$ 0 |