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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets:    
Cash and due from banks $ 215,601 $ 132,193
Short-term investments 7,739 6,262
Mortgage loans held for sale, at fair value 43,997 27,833
Available for sale debt securities, at fair value 938,446 899,490
Federal Home Loan Bank stock, at cost 50,017 50,853
Loans:    
Total loans [1] 4,287,641 3,892,999
Less: allowance for credit losses on loans 41,441 27,014
Net loans 4,246,200 3,865,985
Premises and equipment, net 28,067 28,700
Operating lease right-of-use assets 27,022 26,792
Investment in bank-owned life insurance 83,056 82,490
Goodwill 63,909 63,909
Identifiable intangible assets, net 6,759 7,218
Other assets 166,147 100,934
Total assets 5,876,960 5,292,659
Liabilities:    
Noninterest-bearing deposits 815,770 609,924
Interest-bearing deposits 3,285,666 2,888,958
Total deposits 4,101,436 3,498,882
Federal Home Loan Bank advances 1,005,051 1,141,464
Payment Protection Program Lending Facility 38,900 0
Junior subordinated debentures 22,681 22,681
Operating lease liabilities 29,125 [2] 28,861
Other liabilities 159,604 97,279
Total liabilities 5,356,797 4,789,167
Commitments and contingencies (Note 18)
Shareholders' Equity:    
Common stock 1,085 1,085
Paid-in capital 123,684 123,281
Retained earnings 399,386 390,363
Accumulated other comprehensive income (loss) (462) (11,237)
Treasury stock, at cost (3,530) 0
Total shareholders' equity 520,163 503,492
Total liabilities and shareholders’ equity $ 5,876,960 $ 5,292,659
[1]
Includes net unamortized loan origination fees of $453 thousand at June 30, 2020 and net unamortized loan origination costs of $5.3 million, at December 31, 2019 and net unamortized premiums on purchased loans of $1.1 million and $995 thousand, respectively, at June 30, 2020 and December 31, 2019.
[2] Includes short-term operating lease liabilities of $2.7 million