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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and due from banks $ 31,291 $ 31,813
Interest-bearing deposits with banks 169,604 95,034
Cash and due from banks 200,895 126,847
Investment securities:    
Securities available-for-sale 195,770 289,532
Securities held-to-maturity (fair value of $230,558 and $231,445) 224,056 224,682
Loans receivable 3,099,007 2,538,641
Less: Allowance for loan and lease losses 26,572 14,160
Net loans receivable 3,072,435 2,524,481
Investment in restricted stock, at cost 32,612 23,535
Bank premises and equipment, net 22,333 20,653
Accrued interest receivable 12,545 11,700
Bank-owned life insurance 78,801 52,518
Other real estate owned 2,549 1,108
Goodwill 145,909 145,909
Core deposit intangibles 3,908 4,825
Other assets 24,908 22,782
Total assets 4,016,721 3,448,572
Deposits:    
Noninterest-bearing 650,775 492,516
Interest-bearing 2,140,191 1,983,091
Total deposits 2,790,966 2,475,607
Borrowings 671,587 495,553
Subordinated debentures 55,155 5,155
Accounts payable and accrued liabilities 21,669 26,038
Total liabilities $ 3,539,377 $ 3,002,353
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Preferred Stock, $1,000 liquidation value per share: Authorized 5,000,000 shares; issued and outstanding 11,250 shares of Series B preferred stock at December 31, 2015 and 2014; total liquidation value of $11,250 at December 31, 2015 and 2014 $ 11,250 $ 11,250
Common stock, no par value: Authorized 50,000,000 shares; issued 32,149,585 shares at December 31, 2015 and 31,758,828 shares at December 31, 2014; outstanding 30,085,663 shares at December 31, 2015 and 29,694,906 at December 31, 2014 374,287 374,287
Additional paid-in capital 8,527 6,015
Retained earnings 104,606 72,398
Treasury stock, at cost (2,063,922 shares at December 31, 2015 and December 31, 2014) (16,717) (16,717)
Accumulated other comprehensive loss (4,609) (1,014)
Total stockholders' equity 477,344 446,219
Total liabilities and stockholders' equity $ 4,016,721 $ 3,448,572