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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 7,559 $ 7,539
Federal funds sold 30,830 38,987
Interest bearing deposits with banks and other short-term investments 818,719 195,447
Investment securities available for sale, at fair value (amortized cost of $956,803 and $839,192 and allowance for credit losses of $156 and $0 as of September 30, 2020 and December 31, 2019, respectively). 977,570 843,363
Federal Reserve and Federal Home Loan Bank stock 40,061 35,194
Loans held for sale 79,084 56,707
Loans 7,880,255 7,545,748
Less allowance for credit losses (110,215) (73,658)
Loans, net 7,770,040 7,472,090
Premises and equipment, net 12,204 14,622
Operating lease right-of-use assets 27,180 27,372
Deferred income taxes 36,363 29,804
Bank owned life insurance 76,326 75,724
Intangible assets, net 105,165 104,739
Other real estate owned 4,987 1,487
Other assets 120,206 85,644
Total Assets 10,106,294 8,988,719
Deposits:    
Noninterest bearing demand 2,384,108 2,064,367
Interest bearing transaction 823,607 863,856
Savings and money market 3,956,553 3,013,129
Time, $100,000 or more 553,949 663,987
Other time 460,568 619,052
Total deposits 8,178,785 7,224,391
Customer repurchase agreements 24,293 30,980
Other short-term borrowings 300,000 250,000
Long-term borrowings 267,980 217,687
Operating lease liabilities 30,457 29,959
Reserve for unfunded commitments 5,092 0
Other liabilities 76,285 45,021
Total Liabilities 8,882,892 7,798,038
Shareholders’ Equity    
Common stock, par value $0.01 per share; shares authorized 100,000,000, shares issued and outstanding 32,228,636 and 33,241,496, respectively 320 331
Additional paid in capital 442,592 482,286
Retained earnings 766,219 705,105
Accumulated other comprehensive income 14,271 2,959
Total Shareholders’ Equity 1,223,402 1,190,681
Total Liabilities and Shareholders’ Equity $ 10,106,294 $ 8,988,719
Common Stock, Shares, Outstanding 32,228,636 33,241,496
Common Stock, Shares, Issued 32,228,636 33,241,496