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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and due from banks $ 14,935 $ 12,562
Interest bearing deposits with financial institutions 63,482 98,363
Cash and cash equivalents 78,417 110,925
Interest bearing time deposits with financial institutions 1,972 0
Investment securities held-to-maturity, at amortized cost 9,642 0
Investment securities available-for-sale, at fair value 280,273 201,638
FHLB, FRB and other stock, at cost 22,292 17,067
Loans held for sale at lower of cost or market 8,565 0
Loans held for investment 2,254,315 1,628,622
Allowance for loan losses (17,317) (12,200)
Loans held for investment, net 2,236,998 1,616,422
Accrued interest receivable 9,315 7,131
Other real estate owned 1,161 1,037
Premises and equipment 9,248 9,165
Deferred income taxes, net 11,511 9,383
Bank owned life insurance 39,245 26,822
Intangible assets 7,170 5,614
Goodwill 50,832 22,950
Other assets 24,005 10,743
TOTAL ASSETS 2,790,646 2,038,897
Deposit accounts:    
Noninterest bearing checking 711,771 456,754
Interest-bearing:    
Checking 134,999 131,635
Money market/savings 827,378 600,764
Retail certificates of deposit 365,911 365,168
Wholesale/brokered certificates of deposit 155,064 76,505
Total interest-bearing 1,483,352 1,174,072
Total deposits 2,195,123 1,630,826
FHLB advances and other borrowings 196,125 116,643
Subordinated debentures 70,310 70,310
Accrued expenses and other liabilities 30,108 21,526
Total liabilities 2,491,666 1,839,305
COMMITMENTS AND CONTINGENCIES (Note 14) 0 0
STOCKHOLDERS’ EQUITY:    
Preferred stock, $.01 par value; 1,000,000 shares authorized; no shares outstanding 0 0
Common stock, $.01 par value; 50,000,000 shares authorized; 21,570,746 shares at December 31, 2015, and 16,903,884 shares at December 31, 2014 issued and outstanding 215 169
Additional paid-in capital 221,487 147,474
Retained earnings 76,946 51,431
Accumulated other comprehensive income, net of tax of $230 at December 31, 2015 and $362 at December 31, 2014 332 518
TOTAL STOCKHOLDERS’ EQUITY 298,980 199,592
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,790,646 $ 2,038,897