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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 8,435 $ 7,539
Federal funds sold 28,200 38,987
Interest bearing deposits with banks and other short-term investments 1,752,420 195,447
Investment securities available-for-sale, at fair value (amortized cost of $1,129,057 and $838,994 and allowance for credit losses of $167 and $0 as of December 31, 2020 and December 31, 2019, respectively). 1,151,083 843,363
Federal Reserve and Federal Home Loan Bank stock 40,104 35,194
Loans held for sale 88,205 56,707
Loans 7,760,212 7,545,748
Less allowance for credit losses (109,579) (73,658)
Total recorded investment in loans 7,650,633 7,472,090
Premises and equipment, net 13,553 14,622
Operating lease right-of-use assets 25,237 27,372
Deferred income taxes 38,571 29,804
Bank owned life insurance 76,729 75,724
Goodwill and intangible assets, net 105,114 104,739
Other real estate owned 4,987 1,487
Other assets 134,531 85,644
Total Assets 11,117,802 8,988,719
Deposits:    
Noninterest bearing demand 2,809,334 2,064,367
Interest bearing transaction 756,923 863,856
Savings and money market 4,645,186 3,013,129
Time, $100,000 or more 546,173 663,987
Other time 431,587 619,052
Total deposits 9,189,203 7,224,391
Customer repurchase agreements 26,726 30,980
Other short-term borrowings 300,000 250,000
Long-term borrowings 268,077 217,687
Operating lease liabilities 28,022 29,959
Reserve for unfunded commitments 5,498 0
Other liabilities 59,384 45,021
Total Liabilities 9,876,910 7,798,038
Shareholders’ Equity    
Common stock, par value $0.01 per share; shares authorized 100,000,000, shares issued and outstanding 31,779,663 and 33,241,496, respectively 315 331
Additional paid in capital 427,016 482,286
Retained earnings 798,061 705,105
Accumulated other comprehensive income 15,500 2,959
Total Shareholders’ Equity 1,240,892 1,190,681
Total Liabilities and Shareholders’ Equity $ 11,117,802 $ 8,988,719