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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Cash and cash equivalents:    
Cash and due from banks $ 47,007 $ 39,115
Interest bearing deposits 77,823 43,701
Federal funds sold 273 273
Total cash and cash equivalents 125,103 83,089
Investment securities available-for-sale 296,139 319,882
Investment securities held-to-maturity, estimated fair value of $148,043 at September 30, 2015; $155,555 at December 31, 2014 143,793 152,579
Federal Home Loan Bank (FHLB) stock 3,012 25,646
Loans held for sale 2,824 6,690
Loans, net 1,619,238 1,468,784
Premises and equipment, net 42,106 43,649
Bank-owned life insurance (BOLI) 54,185 53,449
Other real estate owned (OREO), net 3,871 3,309
Deferred tax asset (DTA), net 53,823 66,126
Core deposit intangible (CDI) 7,068 7,683
Goodwill 78,610 80,082
Other assets 38,501 30,169
Total assets 2,468,273 2,341,137
Deposits:    
Demand 749,927 619,377
Interest bearing demand 1,010,489 995,497
Savings 135,610 129,610
Time 186,969 237,138
Total deposits 2,082,995 1,981,622
Other liabilities 53,689 44,032
Total liabilities 2,136,684 2,025,654
Stockholders’ equity:    
Preferred stock, no par value; 5,000,000 shares authorized; none issued or outstanding 0 0
Common stock, no par value; 100,000,000 shares authorized; 72,789,412 issued and outstanding as of September 30, 2015; 72,491,850 issued and outstanding as of December 31, 2014 452,350 450,999
Accumulated deficit (123,339) (138,351)
Accumulated other comprehensive income 2,578 2,835
Total stockholders’ equity 331,589 315,483
Total liabilities and stockholders’ equity $ 2,468,273 $ 2,341,137