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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 39,161 $ 52,565
Interest-bearing deposits with banks 133,205 97,017
Cash and cash equivalents 172,366 149,582
Securities available-for-sale 412,034 435,284
Equity securities 11,460
Loans held-for-sale 24,845
Loans receivable 4,541,092 4,171,456
Less: Allowance for loan losses 34,954 31,748
Net loans receivable 4,506,138 [1] 4,139,708
Investment in restricted stock, at cost 31,136 33,497
Bank premises and equipment, net 19,062 21,659
Accrued interest receivable 18,214 15,470
Bank owned life insurance 113,820 111,311
Other real estate owned 538
Goodwill 145,909 145,909
Core deposit intangibles 1,737 2,364
Other assets 30,216 28,275
Total assets 5,462,092 5,108,442
Deposits:    
Noninterest-bearing 768,584 776,843
Interest-bearing 3,323,508 3,018,285
Total deposits 4,092,092 3,795,128
Borrowings 600,001 670,077
Subordinated debentures 128,556 54,699
Accounts payable and accrued liabilities 27,516 23,101
Total liabilities 4,848,165 4,543,005
STOCKHOLDERS' EQUITY    
Preferred Stock: Authorized 5,000,000 shares
Common stock, no par value: Authorized 50,000,000 shares; issued 34,392,464 shares at December 31, 2018 and 34,135,782 shares at December 31, 2017; outstanding 32,328,542 shares at December 31, 2018 and 32,071,860 at December 31, 2017 412,546 412,546
Additional paid-in capital 15,542 13,602
Retained earnings 211,345 160,025
Treasury stock, at cost (2,063,922 shares at December 31, 2018 and December 31, 2017) (16,717) (16,717)
Accumulated other comprehensive loss (8,789) (4,019)
Total stockholders' equity 613,927 565,437
Total liabilities and stockholders' equity $ 5,462,092 $ 5,108,442
[1] ASU 2016-01 requires the use of an exit price in fair value disclosures. Historically (prior to January 1, 2018) the Company used an entry price in the estimate of fair value loans.