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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 34,262 $ 8,219
Interest-bearing deposit with the Federal Reserve Bank 56,423 220
Total cash and cash equivalents 90,685 8,439
Securities available for sale, at fair value 717,242 528,856
Federal Home Loan Bank stock 38,105 25,331
Total securities 755,347 554,187
Commercial real estate 826,746 418,119
Commercial and industrial 379,423 151,240
Residential real estate 1,155,682 506,612
Consumer 123,762 53,093
Total loans 2,485,613 1,129,064
Less: Allowance for loan losses (12,325) (10,419)
Net loans 2,473,288 1,118,645
Premises and equipment, net 47,708 23,419
Other real estate owned 122 90
Goodwill 100,085 4,935
Other intangible assets, net 8,383 377
Cash surrender value of bank-owned life insurance 57,997 24,450
Deferred tax assets, net 7,180 5,990
Other assets 24,389 14,817
Total assets 3,565,184 1,755,349
Liabilities    
Demand and other non-interest bearing deposits 349,055 98,856
NOW deposits 466,610 175,150
Savings deposits 364,799 77,623
Money market deposits 305,275 282,234
Time deposits 866,346 416,437
Total deposits 2,352,085 1,050,300
Senior borrowings 786,688 531,596
Subordinated borrowings 43,033 5,000
Total borrowings 829,721 536,596
Other liabilities 28,737 11,713
Total liabilities 3,210,543 1,598,609
Shareholders’ equity    
Capital stock, par value $2.00; authorized 20,000,000 shares; issued 16,428,388 and 10,182,611 shares at December 31, 2017 and December 31, 2016, respectively 32,857 13,577
Additional paid-in capital 186,702 23,027
Retained earnings 144,977 130,489
Accumulated other comprehensive loss (4,554) (4,326)
Less: 985,462 and 1,067,016 shares of treasury stock at December 31, 2017 and December 31, 2016, respectively, at cost (5,341) (6,027)
Total shareholders’ equity 354,641 156,740
Total liabilities and shareholders’ equity $ 3,565,184 $ 1,755,349