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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 48,757 $ 32,356
Interest-earning deposits with other banks 9,068 28,443
Investment securities held-to-maturity (fair value $24,871 and $41,061 at December 31, 2016 and 2015, respectively) 24,881 40,990
Investment securities available-for-sale 443,637 329,770
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost 24,869 8,880
Loans held for sale 5,890 4,680
Loans and leases held for investment 3,285,886 2,179,013
Less: Reserve for loan and lease losses (17,499) (17,628)
Net loans and leases held for investment 3,268,387 2,161,385
Premises and equipment, net 63,638 42,156
Goodwill 172,559 112,657
Other intangibles, net of accumulated amortization and fair value adjustments of $17,597 and $15,360 at December 31, 2016 and 2015, respectively 16,651 12,620
Bank owned life insurance 99,948 71,560
Accrued interest receivable and other assets 52,243 33,954
Total assets 4,230,528 2,879,451
LIABILITIES    
Noninterest-bearing deposits 918,337 541,460
Interest-bearing deposits:    
Demand deposits 909,963 790,800
Savings deposits 803,078 607,694
Time deposits 626,189 454,406
Total deposits 3,257,567 2,394,360
Short-term borrowings 196,171 24,211
Long-term debt 127,522 0
Subordinated notes 94,087 49,377
Accrued interest payable and other liabilities 49,972 49,929
Total liabilities 3,725,319 2,517,877
SHAREHOLDERS’ EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at December 31, 2016 and 2015; 28,911,799 and 22,054,270 shares issued at December 31, 2016 and 2015, respectively; 26,589,353 and 19,530,930 shares outstanding at December 31, 2016 and 2015, respectively 144,559 110,271
Additional paid-in capital 230,494 121,280
Retained earnings 194,516 193,446
Accumulated other comprehensive loss, net of tax benefit (19,454) (16,708)
Treasury stock, at cost; 2,322,446 and 2,523,340 shares at December 31, 2016 and 2015, respectively (44,906) (46,715)
Total shareholders’ equity 505,209 361,574
Total liabilities and shareholders’ equity $ 4,230,528 $ 2,879,451