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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 641,739 $ 135,847
Interest-bearing deposits with financial institutions 461,338 191,003
Cash and cash equivalents 1,103,077 326,850
Interest-bearing time deposits with financial institutions 2,845 2,708
Investments held-to-maturity, at amortized cost (fair value of $29,399 and $38,760 as of September 30, 2020 and December 31, 2019, respectively) 27,980 37,838
Investment securities available-for-sale, at fair value 3,600,731 1,368,384
FHLB, FRB, and other stock, at cost 116,819 93,061
Loans held for sale, at lower of cost or fair value 1,032 1,672
Loans held for investment 13,450,840 8,722,311
Allowance for credit losses (282,503) (35,698)
Loans held for investment, net 13,168,337 8,686,613
Accrued interest receivable 73,112 39,442
Other real estate owned 334 441
Premises and equipment 80,326 59,001
Deferred income taxes, net 108,050 0
Bank owned life insurance 290,875 113,376
Intangible assets 90,012 83,312
Goodwill 898,434 808,322
Other assets 282,276 154,992
Total assets 19,844,240 11,776,012
Deposit accounts:    
Noninterest-bearing checking 5,895,744 3,857,660
Interest-bearing:    
Checking 2,937,910 586,019
Money market/savings 5,778,688 3,406,988
Retail certificates of deposit 1,542,029 973,465
Wholesale/brokered certificates of deposit 176,436 74,377
Total interest-bearing 10,435,063 5,040,849
Total deposits 16,330,807 8,898,509
FHLB advances and other borrowings 41,000 517,026
Subordinated debentures 501,443 215,145
Deferred income taxes, net 0 1,371
Accrued expenses and other liabilities 282,905 131,367
Total liabilities 17,156,155 9,763,418
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.01 par value; 1,000,000 authorized; none issued and outstanding 0 0
Common stock, $0.01 par value; 150,000,000 shares authorized at September 30, 2020 and December 31, 2019; 94,375,521 shares and 59,506,057 shares issued and outstanding, respectively. 930 586
Additional paid-in capital 2,351,532 1,594,434
Retained earnings 289,960 396,051
Accumulated other comprehensive income 45,663 21,523
Total stockholders’ equity 2,688,085 2,012,594
Total liabilities and stockholders’ equity $ 19,844,240 $ 11,776,012