v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 496,813 $ 215,748
Securities available-for-sale (“AFS”) 542,703 565,135
Loans held for sale 200,002  
Loans, net of deferred fees 2,308,829 1,765,483
Allowance for loan and lease losses (“ALLL”) (13,600) (10,600)
Net loans 2,295,229 1,754,883
Investment in FHLB stock 25,677 21,492
Premises and equipment, net 5,342 2,653
Deferred taxes 10,156 15,392
Real estate owned (“REO”) 544 4,036
Goodwill and intangibles 2,232 2,416
Other assets 14,970 10,824
Total Assets 3,593,668 2,592,579
Liabilities:    
Deposits 2,338,737 1,522,176
Borrowings 951,000 796,000
Accounts payable and other liabilities 16,637 14,667
Total Liabilities 3,306,374 2,332,843
Commitments and contingencies
Shareholders’ Equity    
Common Stock, par value $0.001: 70,000,000 shares authorized; 16,300,833 and 15,980,526 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively 16 16
Additional paid-in-capital 231,631 227,262
Retained earnings 50,548 33,762
Accumulated other comprehensive income (loss), net of tax 5,099 (1,304)
Total Shareholders’ Equity 287,294 259,736
Total Liabilities and Shareholders’ Equity $ 3,593,668 $ 2,592,579