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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Cash and cash equivalents:    
Cash and due from banks $ 54,510 $ 46,354
Interest bearing deposits 288,740 31,178
Federal funds sold 273 273
Total cash and cash equivalents 343,523 77,805
Investment securities available-for-sale 428,909 310,262
Investment securities held-to-maturity, estimated fair value of $149,268 at March 31, 2016; $142,260 at December 31, 2015 144,029 139,424
Federal Home Loan Bank (FHLB) stock 3,137 3,000
Loans held for sale 4,246 3,621
Loans, net 1,758,598 1,662,095
Premises and equipment, net 45,115 42,031
Bank-owned life insurance (BOLI) 54,708 54,450
Other real estate owned (OREO), net 3,274 3,274
Deferred tax asset (DTA), net 49,387 50,673
Core deposit intangible (CDI) 13,085 6,863
Goodwill 82,594 78,610
Other assets 51,400 35,921
Total assets 2,982,005 2,468,029
Deposits:    
Demand 867,646 727,730
Interest bearing demand 1,317,725 1,044,134
Savings 170,745 135,527
Time 219,922 175,697
Total deposits 2,576,038 2,083,088
Other liabilities 66,242 48,167
Total liabilities 2,642,280 2,131,255
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; 72,774,980 issued and outstanding as of March 31, 2016; 72,792,570 issued and outstanding as of December 31, 2015 453,626 452,925
Accumulated deficit (115,832) (117,772)
Accumulated other comprehensive income 1,931 1,621
Total stockholders’ equity 339,725 336,774
Total liabilities and stockholders’ equity $ 2,982,005 $ 2,468,029