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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 28,112 $ 8,219
Interest-bearing deposit with the Federal Reserve Bank 90,881 220
Total cash and cash equivalents 118,993 8,439
Securities available for sale, at fair value 718,346 528,856
Federal Home Loan Bank stock 44,168 25,331
Total securities 762,514 554,187
Commercial real estate 738,584 418,119
Commercial and industrial 350,002 151,240
Residential real estate 1,160,832 506,612
Consumer 127,229 53,093
Total loans 2,376,647 1,129,064
Less: Allowance for loan losses (11,442) (10,419)
Net loans 2,365,205 1,118,645
Premises and equipment, net 48,590 23,419
Other real estate owned 122 90
Goodwill 100,255 4,935
Other intangible assets 9,047 377
Cash surrender value of bank-owned life insurance 57,233 24,450
Deferred tax assets, net 13,211 5,990
Other assets 28,241 14,817
Total assets 3,503,411 1,755,349
Liabilities    
Demand and other non-interest bearing deposits 332,339 98,856
NOW deposits 451,171 175,150
Savings deposits 360,306 77,623
Money market deposits 285,312 282,234
Time deposits 783,876 416,437
Total deposits 2,213,004 1,050,300
Senior borrowings 872,021 531,596
Subordinated borrowings 43,063 5,000
Total borrowings 915,084 536,596
Other liabilities 28,201 11,713
Total liabilities 3,156,289 1,598,609
Shareholders’ equity    
Capital stock, par value $2.00; authorized 20,000,000 shares; issued 16,425,168 and 10,182,611 shares at June 30, 2017 and December 31, 2016, respectively 32,857 13,577
Additional paid-in capital 186,154 23,027
Retained earnings 135,456 130,489
Accumulated other comprehensive loss (1,705) (4,326)
Less: cost of 1,017,987 and 1,067,016 shares of treasury stock at June 30, 2017 and December 31, 2016, respectively (5,640) (6,027)
Total shareholders’ equity 347,122 156,740
Total liabilities and shareholders’ equity $ 3,503,411 $ 1,755,349