CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
| ASSETS |
|
|
| Cash and due from banks |
$ 37,150
|
$ 31,291
|
| Interest-bearing deposits with banks |
163,249
|
169,604
|
| Cash and due from banks |
200,399
|
200,895
|
| Investment securities: |
|
|
| Securities available-for-sale |
353,290
|
195,770
|
| Securities held-to-maturity (fair value of $ - and $231,445) |
|
224,056
|
| Loans held-for-sale |
78,005
|
|
| Loans receivable |
3,475,832
|
3,099,007
|
| Less: Allowance for loan and lease losses |
25,744
|
26,572
|
| Net loans receivable |
3,450,088
|
3,072,435
|
| Investment in restricted stock, at cost |
24,310
|
32,612
|
| Bank premises and equipment, net |
22,075
|
22,333
|
| Accrued interest receivable |
12,965
|
12,545
|
| Bank owned life insurance |
98,359
|
78,801
|
| Other real estate owned |
626
|
2,549
|
| Goodwill |
145,909
|
145,909
|
| Core deposit intangibles |
3,088
|
3,908
|
| Other assets |
37,234
|
24,096
|
| Total assets |
4,426,348
|
4,015,909
|
| Deposits: |
|
|
| Noninterest-bearing |
694,977
|
650,775
|
| Interest-bearing |
2,649,294
|
2,140,191
|
| Total deposits |
3,344,271
|
2,790,966
|
| Borrowings |
476,280
|
671,587
|
| Subordinated debentures |
54,534
|
54,343
|
| Accounts payable and accrued liabilities |
20,231
|
21,669
|
| Total liabilities |
3,895,316
|
3,538,565
|
| COMMITMENTS AND CONTINGENCIES |
|
|
| STOCKHOLDERS' EQUITY |
|
|
| Preferred Stock, $1,000 liquidation value per share: Authorized 5,000,000 shares; issued and outstanding 11,250 shares of Series B preferred stock at December 31, 2015; total liquidation value of $11,250 at December 31, 2015 |
|
11,250
|
| Common stock, no par value: Authorized 50,000,000 shares; issued 34,018,731 shares at December 31, 2016 and 32,149,585 shares at December 31, 2015; outstanding 31,948,307 shares at December 31, 2016 and 30,082,065 at December 31, 2015 |
412,726
|
374,287
|
| Additional paid-in capital |
11,407
|
8,527
|
| Retained earnings |
126,462
|
104,606
|
| Treasury stock, at cost (2,063,922 shares at December 31, 2016 and December 31, 2015) |
(16,717)
|
(16,717)
|
| Accumulated other comprehensive loss |
(2,846)
|
(4,609)
|
| Total stockholders' equity |
531,032
|
477,344
|
| Total liabilities and stockholders' equity |
$ 4,426,348
|
$ 4,015,909
|