|
Consolidated Balance Sheets (USD $)
|
Dec. 31, 2014
|
Dec. 31, 2013
|
| ASSETS |
|
|
|
|
| Cash and due from banks |
$ 43,754,000 |
|
$ 17,149,000 |
|
| Interest-bearing deposits |
117,777,000 |
|
6,389,000 |
|
| Federal funds sold |
11,207,000 |
|
123,427,000 |
|
| Total cash and cash equivalents |
172,738,000 |
|
146,965,000 |
|
| Securities available for sale |
432,912,000 |
[1] |
131,178,000 |
[1] |
| Federal Home Loan Bank stock |
13,699,000 |
[2] |
11,961,000 |
[2] |
| Loans |
2,089,277,000 |
|
1,053,243,000 |
|
| Allowance for loan losses |
(20,041,000) |
|
(22,821,000) |
|
| Loans, net |
2,069,236,000 |
|
1,030,422,000 |
|
| Premises and equipment, net |
48,812,000 |
|
24,898,000 |
|
| Bank owned life insurance |
57,861,000 |
|
51,377,000 |
|
| Goodwill |
49,473,000 |
|
0 |
|
| Cored deposit intangible |
15,624,000 |
|
0 |
|
| Other assets |
33,024,000 |
|
30,165,000 |
|
| Total assets |
2,893,379,000 |
|
1,426,966,000 |
|
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
| Noninterest-bearing |
558,738,000 |
|
224,580,000 |
|
| Interest-bearing |
1,718,177,000 |
|
894,331,000 |
|
| Total deposits |
2,276,915,000 |
|
1,118,911,000 |
|
| Securities sold under agreements to repurchase |
167,569,000 |
|
69,305,000 |
|
| Federal Home Loan Bank advances |
54,022,000 |
|
45,000,000 |
|
| Subordinated debentures |
54,472,000 |
|
32,990,000 |
|
| Accrued interest and other liabilities |
12,263,000 |
|
7,435,000 |
|
| Total liabilities |
2,565,241,000 |
|
1,273,641,000 |
|
| Shareholders' equity |
|
|
|
|
| Preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at December 31, 2014 and December 31, 2013 |
0 |
|
0 |
|
| Common stock, no par value; 40,000,000 shares authorized; 16,976,839 shares outstanding at December 31, 2014 and 8,739,108 shares outstanding at December 31, 2013 |
317,904,000 |
|
162,999,000 |
|
| Retained earnings (deficit) |
10,218,000 |
|
(4,101,000) |
|
| Accumulated other comprehensive income (loss) |
16,000 |
|
(5,573,000) |
|
| Total shareholders’ equity |
328,138,000 |
|
153,325,000 |
|
| Total liabilities and shareholders’ equity |
$ 2,893,379,000 |
|
$ 1,426,966,000 |
|
|
|
|