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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 59,422 $ 65,717
Interest-bearing deposits with banks 196,697 135,766
Cash and cash equivalents 256,119 201,483
Securities available-for-sale 453,015 404,701
Equity securities 13,400 11,185
Loans held-for-sale 8,508 33,250
Loans receivable 6,251,051 5,113,527
Less: Allowance for loan losses 74,267 38,293
Net loans receivable 6,176,784 5,075,234
Investment in restricted stock, at cost 28,713 27,397
Bank premises and equipment, net 29,922 19,236
Accrued interest receivable 34,326 20,949
Bank owned life insurance 165,676 137,961
Right of use operating lease assets 22,830 15,137
Goodwill 208,372 162,574
Core deposit intangibles 11,605 5,460
Other assets 40,289 59,465
Total assets 7,449,559 6,174,032
Deposits:    
Noninterest-bearing 1,270,021 861,728
Interest-bearing 4,528,735 3,905,814
Total deposits 5,798,756 4,767,542
Borrowings 506,225 500,293
Operating lease liabilities 26,726 16,449
Subordinated debentures, net of debt issuance costs 202,552 128,885
Other liabilities 24,564 29,673
Total liabilities 6,558,823 5,442,842
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Preferred Stock: Authorized 5,000,000 shares
Common stock, no par value: Authorized 50,000,000 shares; issued 42,412,684 shares as of September 30, 2020 and 37,676,006 shares as of December 31, 2019; outstanding 39,754,051 shares as of September 30, 2020 and 35,072,067 as of December 31, 2019 586,946 468,571
Additional paid-in capital 22,867 21,344
Retained earnings 309,893 271,782
Treasury stock, at cost 2,658,633 common shares as of September 30, 2020 and 2,603,940 as of December 31, 2019 (30,271) (29,360)
Accumulated other comprehensive income (loss) 1,301 (1,147)
Total stockholders' equity 890,736 731,190
Total liabilities and stockholders' equity $ 7,449,559 $ 6,174,032