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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 39,838 $ 24,112
Interest-bearing deposits in other financial institutions 304,554 319,980
Total cash and cash equivalents 344,392 344,092
Securities available-for-sale, at fair value 369,999 385,079
Securities held-to-maturity, at amortized cost (fair value of $205,810 at September 30, 2016 and $109,821 at December 31, 2015) 202,404 109,311
Loans held-for-sale - SBA, at lower of cost or fair value, including deferred costs 6,741 7,297
Loans, net of deferred fees 1,450,176 1,358,716
Allowance for loan losses (20,032) (18,926)
Loans, net 1,430,144 1,339,790
Federal Home Loan Bank and Federal Reserve Bank stock and other investments, at cost 15,196 12,694
Company owned life insurance 59,193 60,021
Premises and equipment, net 7,552 7,773
Goodwill 45,664 45,664
Other intangible assets 7,342 8,518
Accrued interest receivable and other assets 39,335 41,340
Total assets 2,527,962 2,361,579
Deposits:    
Demand, noninterest-bearing 889,075 821,405
Demand, interest-bearing 536,541 496,278
Savings and money market 555,156 496,843
Time deposits-under $250 57,718 62,026
Time deposits-$250 and over 169,485 160,815
Time deposits-brokered 3,000 17,825
CDARS - money market and time deposits 7,659 7,583
Total deposits 2,218,634 2,062,775
Short-term borrowings   3,000
Accrued interest payable and other liabilities 48,009 50,368
Total liabilities 2,266,643 2,116,143
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 (liquidation preference of $21,004 at December 31, 2015)   19,519
Common stock, no par value; 60,000,000 shares authorized; 37,915,736 shares issued and outstanding at September 30, 2016 and 32,113,479 shares issued and outstanding at December 31, 2015 214,601 193,364
Retained earnings 48,726 38,773
Accumulated other comprehensive loss (2,008) (6,220)
Total shareholders' equity 261,319 245,436
Total liabilities and shareholders' equity $ 2,527,962 $ 2,361,579