v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 123,210 $ 597,946
Securities available-for-sale (“AFS”) 471,502 509,578
Loans held for sale 153,405 250,942
Loans, net of deferred fees 3,256,874 2,555,709
Allowance for loan and lease losses (“ALLL”) (17,500) (15,400)
Net loans 3,239,374 2,540,309
Investment in FHLB stock 17,250 33,750
Premises and equipment, net 6,732 6,730
Deferred taxes 14,925 16,811
Real estate owned (“REO”) 1,400 1,734
Goodwill and intangibles 2,021 2,177
Other assets 21,242 15,426
Total Assets 4,051,061 3,975,403
Liabilities:    
Deposits 3,268,726 2,426,795
Borrowings 421,000 1,250,000
Accounts payable and other liabilities 20,882 14,344
Total Liabilities 3,710,608 3,691,139
Commitments and contingencies
Shareholders’ Equity    
Common Stock, par value $0.01: 70,000,000 shares authorized; 35,169,653 and 32,719,632 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 35 16
Additional paid-in-capital 260,626 232,428
Retained earnings 82,374 57,065
Accumulated other comprehensive loss, net of tax (2,582) (5,245)
Total Shareholders’ Equity 340,453 284,264
Total Liabilities and Shareholders’ Equity $ 4,051,061 $ 3,975,403