XML 15 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 29,245 $ 8,219
Interest-bearing deposit with the Federal Reserve Bank 12,781 220
Total cash and cash equivalents 42,026 8,439
Securities available for sale, at fair value 724,224 528,856
Federal Home Loan Bank stock 42,404 25,331
Total securities 766,628 554,187
Commercial real estate 779,834 418,289
Commercial and industrial 309,995 151,240
Residential real estate 1,155,436 506,612
Consumer 127,370 53,093
Net deferred loan costs and fees (199) (170)
Total loans 2,372,436 1,129,064
Less: Allowance for loan losses (10,884) (10,419)
Net loans 2,361,552 1,118,645
Premises and equipment, net 45,581 23,419
Other real estate owned 363 90
Goodwill 99,901 4,935
Other intangible assets 9,282 377
Cash surrender value of bank-owned life insurance 56,627 24,450
Deferred tax assets, net 14,158 5,990
Other assets 31,365 14,817
Total assets 3,427,483 1,755,349
Liabilities    
Demand and other non-interest bearing deposits 349,896 98,856
NOW deposits 242,876 175,150
Savings deposits 511,091 77,623
Money market deposits 349,491 282,234
Time deposits 720,899 416,437
Total deposits 2,174,253 1,050,300
Senior borrowings 842,150 531,596
Subordinated borrowings 43,078 5,000
Total borrowings 885,228 536,596
Other liabilities 26,954 11,713
Total liabilities 3,086,435 1,598,609
Shareholders’ equity    
Capital stock, par value $2.00; authorized 20,000,000 shares; issued 16,428,389 and 10,182,611 shares at March 31, 2017 and December 31, 2016, respectively 32,857 13,577
Additional paid-in capital 185,867 23,027
Retained earnings 131,814 130,489
Accumulated other comprehensive loss (3,662) (4,326)
Less: cost of 1,043,728 and 1,067,016 shares of treasury stock at March 31, 2017 and December 31, 2016, respectively (5,828) (6,027)
Total shareholders’ equity 341,048 156,740
Total liabilities and shareholders’ equity $ 3,427,483 $ 1,755,349