XML 17 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and due from banks $ 37,150 $ 31,291
Interest-bearing deposits with banks 163,249 169,604
Cash and due from banks 200,399 200,895
Investment securities:    
Securities available-for-sale 353,290 195,770
Securities held-to-maturity (fair value of $ - and $231,445)   224,056
Loans held-for-sale 78,005
Loans receivable 3,475,832 3,099,007
Less: Allowance for loan and lease losses 25,744 26,572
Net loans receivable 3,450,088 3,072,435
Investment in restricted stock, at cost 24,310 32,612
Bank premises and equipment, net 22,075 22,333
Accrued interest receivable 12,965 12,545
Bank owned life insurance 98,359 78,801
Other real estate owned 626 2,549
Goodwill 145,909 145,909
Core deposit intangibles 3,088 3,908
Other assets 37,234 24,096
Total assets 4,426,348 4,015,909
Deposits:    
Noninterest-bearing 694,977 650,775
Interest-bearing 2,649,294 2,140,191
Total deposits 3,344,271 2,790,966
Borrowings 476,280 671,587
Subordinated debentures 54,534 54,343
Accounts payable and accrued liabilities 20,231 21,669
Total liabilities 3,895,316 3,538,565
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Preferred Stock, $1,000 liquidation value per share: Authorized 5,000,000 shares; issued and outstanding 11,250 shares of Series B preferred stock at December 31, 2015; total liquidation value of $11,250 at December 31, 2015 11,250
Common stock, no par value: Authorized 50,000,000 shares; issued 34,018,731 shares at December 31, 2016 and 32,149,585 shares at December 31, 2015; outstanding 31,948,307 shares at December 31, 2016 and 30,082,065 at December 31, 2015 412,726 374,287
Additional paid-in capital 11,407 8,527
Retained earnings 126,462 104,606
Treasury stock, at cost (2,063,922 shares at December 31, 2016 and December 31, 2015) (16,717) (16,717)
Accumulated other comprehensive loss (2,846) (4,609)
Total stockholders' equity 531,032 477,344
Total liabilities and stockholders' equity $ 4,426,348 $ 4,015,909