v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 120,394 $ 597,946
Securities available-for-sale (“AFS”) 519,364 509,578
Loans held for sale 154,380 250,942
Loans, net of deferred fees 3,663,727 2,555,709
Allowance for loan and lease losses (“ALLL”) (18,400) (15,400)
Net loans 3,645,327 2,540,309
Premises and equipment, net 6,581 6,730
Investment in FHLB stock 19,060 33,750
Deferred taxes 12,143 16,811
Real estate owned (“REO”) 2,920 1,734
Goodwill and intangibles 33,576 2,177
Other assets 27,440 15,426
Total Assets 4,541,185 3,975,403
Liabilities:    
Deposits 3,443,527 2,426,795
Borrowings 678,000 1,250,000
Accounts payable and other liabilities 24,707 14,344
Total Liabilities 4,146,234 3,691,139
Commitments and contingencies
Shareholders’ Equity    
Common Stock, par value $.001: 70,000,000 shares authorized; 38,207,766 and 32,719,632 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively 38 16
Additional paid-in-capital 314,501 232,428
Retained earnings 85,503 57,065
Accumulated other comprehensive (loss), net of tax (5,091) (5,245)
Total Shareholders’ Equity 394,951 284,264
Total Liabilities and Shareholders’ Equity $ 4,541,185 $ 3,975,403