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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Assets    
Cash and due from banks $ 24,112 $ 23,256
Interest-bearing deposits in other financial institutions 319,980 99,147
Total cash and cash equivalents 344,092 122,403
Securities available-for-sale, at fair value 385,079 206,335
Securities held-to-maturity, at amortized cost (fair value of $109,821 at December 31, 2015 and $94,953 at December 31, 2014) 109,311 95,362
Loans held-for-sale - SBA, at lower of cost or market, including deferred costs 7,297 1,172
Loans, net of deferred fees 1,358,716 1,088,643
Allowance for loan losses (18,926) (18,379)
Loans, net 1,339,790 1,070,264
Federal Home Loan Bank stock, Federal Reserve Bank stock and other investments, at cost 12,694 10,598
Company owned life insurance 60,021 51,257
Premises and equipment 7,773 7,451
Goodwill 45,664 13,044
Other Intangible assets 8,518 3,276
Accrued interest receivable and other assets 41,340 35,941
Total assets 2,361,579 1,617,103
Deposits:    
Demand, noninterest-bearing 821,405 517,662
Demand, interest-bearing 496,278 225,821
Savings and money market 496,843 384,644
Time deposits-under $250 62,026 55,943
Time deposits-$250 and over 160,815 164,952
Time deposits-brokered 17,825 28,116
CDARS - money market and time deposits 7,583 11,248
Total deposits 2,062,775 1,388,386
Short-term borrowings 3,000  
Accrued interest payable and other liabilities 50,368 44,359
Total liabilities $ 2,116,143 $ 1,432,745
Commitments and contingencies (Notes 7 and 16)
Shareholders' equity:    
Preferred stock, no par value; 10,000,000 shares authorized Series C convertible perpetual preferred stock, 21,004 shares issued and outstanding at December 31, 2015 and December 31, 2014 (liquidation preference of $21,004 at December 31, 2015 and December 31, 2014) $ 19,519 $ 19,519
Common stock, no par value; 60,000,000 shares authorized; 32,113,479 shares issued and outstanding at December 31, 2015 and 26,503,305 shares issued and outstanding at December 31, 2014 193,364 133,676
Retained earnings 38,773 33,014
Accumulated other comprehensive loss (6,220) (1,851)
Total shareholders' equity 245,436 184,358
Total liabilities and shareholders' equity $ 2,361,579 $ 1,617,103