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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 200,476 $ 43,305
Investment securities available for sale at fair value (amortized cost March 31, 2019 $323,358 December 31, 2018 $321,660) 323,917 318,926
Stock of Federal Home Loan Bank 12,266 12,172
Loans held for sale 5,267 1,984
Loans, net of allowance for loan losses (March 31, 2019 $36,520; December 31, 2018 $37,810) 2,607,488 2,591,085
Property and equipment, net 36,631 37,051
Tax credit real estate investment 8,931 9,193
Accrued interest receivable 13,970 11,784
Deferred income taxes, net 9,669 10,869
Goodwill 2,500 2,500
Other assets 6,750 3,595
Total Assets 3,227,865 3,042,464
Liabilities    
Noninterest-bearing deposits 363,142 372,152
Interest-bearing deposits 2,233,750 2,048,972
Total deposits 2,596,892 2,421,124
Federal Home Loan Bank borrowings 215,000 215,000
Accrued interest payable 2,051 1,812
Other liabilities 23,291 20,776
Total Liabilities 2,837,234 2,658,712
Redeemable Common Stock Held by Employee Stock Ownership Plan (ESOP) 49,851 48,870
STOCKHOLDERS' EQUITY    
Common stock, no par value; authorized 20,000,000 shares; issued March 31, 2019 10,326,417 shares; December 31, 2018 10,325,191 shares 0 0
Paid in capital 55,295 52,122
Retained earnings 375,394 371,848
Accumulated other comprehensive loss (1,001) (3,250)
Treasury stock at cost (March 31, 2019 974,357 shares; December 31, 2018 988,750 shares) (39,057) (36,968)
Total Stockholders' Equity 390,631 383,752
Less maximum cash obligation related to ESOP shares 49,851 48,870
Total Stockholders' Equity Less Maximum Cash Obligation Related to ESOP Shares 340,780 334,882
Total Liabilities & Stockholders' Equity $ 3,227,865 $ 3,042,464