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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 31,223 $ 8,219
Interest-bearing deposit with the Federal Reserve Bank 17,501 220
Total cash and cash equivalents 48,724 8,439
Securities available for sale, at fair value 718,459 528,856
Federal Home Loan Bank stock 37,107 25,331
Total securities 755,566 554,187
Commercial real estate 793,572 418,119
Commercial and industrial 357,072 151,240
Residential real estate 1,152,628 506,612
Consumer 125,590 53,093
Total loans 2,428,862 1,129,064
Less: Allowance for loan losses (11,950) (10,419)
Net loans 2,416,912 1,118,645
Premises and equipment, net 48,309 23,419
Other real estate owned 122 90
Goodwill 100,255 4,935
Other intangible assets 8,811 377
Cash surrender value of bank-owned life insurance 57,613 24,450
Deferred tax assets, net 13,052 5,990
Other assets 26,368 14,817
Total assets 3,475,732 1,755,349
Liabilities    
Demand and other non-interest bearing deposits 357,398 98,856
NOW deposits 442,085 175,150
Savings deposits 373,118 77,623
Money market deposits 300,398 282,234
Time deposits 802,110 416,437
Total deposits 2,275,109 1,050,300
Senior borrowings 775,582 531,596
Subordinated borrowings 43,048 5,000
Total borrowings 818,630 536,596
Other liabilities 28,534 11,713
Total liabilities 3,122,273 1,598,609
Shareholders’ equity    
Capital stock, par value $2.00; authorized 20,000,000 shares; issued 16,428,387 and 10,182,611 shares at September 30, 2017 and December 31, 2016, respectively 32,858 13,577
Additional paid-in capital 186,220 23,027
Retained earnings 141,251 130,489
Accumulated other comprehensive loss (1,435) (4,326)
Less: cost of 996,531 and 1,067,016 shares of treasury stock at September 30, 2017 and December 31, 2016, respectively (5,435) (6,027)
Total shareholders’ equity 353,459 156,740
Total liabilities and shareholders’ equity $ 3,475,732 $ 1,755,349