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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 62,764 $ 65,717
Interest-bearing deposits with banks 286,597 135,766
Cash and cash equivalents 349,361 201,483
Securities available-for-sale 418,426 404,701
Equity securities 13,407 11,185
Loans held-for-sale 11,212 33,250
Loans receivable 6,363,267 5,113,527
Less: Allowance for loan losses 68,724 38,293
Net loans receivable 6,294,543 5,075,234
Investment in restricted stock, at cost 26,656 27,397
Bank premises and equipment, net 31,103 19,236
Accrued interest receivable 29,894 20,949
Bank owned life insurance 165,056 137,961
Right of use operating lease assets 23,771 15,137
Goodwill 208,373 162,574
Core deposit intangibles 12,232 5,460
Other assets 33,150 59,465
Total assets 7,617,184 6,174,032
Deposits:    
Noninterest-bearing 1,276,070 861,728
Interest-bearing 4,550,791 3,905,814
Total deposits 5,826,861 4,767,542
Borrowings 667,062 500,293
Operating lease liabilities 27,648 16,449
Subordinated debentures, net 202,476 128,885
Other liabilities 25,396 29,673
Total liabilities 6,749,443 5,442,842
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Preferred Stock: Authorized 5,000,000 shares
Common stock, no par value: Authorized 50,000,000 shares; issued 42,411,666 shares at June 30, 2020 and 37,676,006 shares at December 31, 2019; outstanding 39,753,033 shares at June 30, 2020 and 35,072,067 at December 31, 2019 586,946 468,571
Additional paid-in capital 22,069 21,344
Retained earnings 288,688 271,782
Treasury stock, at cost 2,658,633 common shares at June 30, 2020 and 2,603,940 at December 31, 2019 (30,271) (29,360)
Accumulated other comprehensive income (loss) 309 (1,147)
Total stockholders' equity 867,741 731,190
Total liabilities and stockholders' equity $ 7,617,184 $ 6,174,032