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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
 [1]
ASSETS    
Cash and due from banks $ 273,540 $ 117,945
Federal funds sold 5,238 775
Certificates of deposit 1,018  
Securities available for sale, at fair value 278,734 109,475
Restricted equity and other investments 14,821 11,173
Loans held for sale 122,453 148,209
Paycheck Protection Program loans, net of deferred fees and costs 597,626 288,533
Loans held for investment, net of deferred fees and costs 1,706,916 732,883
Less allowance for loan losses (13,402) (13,827)
Loans held for investment, net 1,693,514 719,056
Accrued interest receivable 10,507 5,428
Other real estate owned 594  
Premises and equipment, net 29,677 14,831
Right-of-use asset 6,805 5,328
Bank owned life insurance 36,164 15,724
Goodwill 27,098 19,892
Other intangible assets 9,440 2,922
Mortgage derivative asset 5,949 5,293
Mortgage servicing rights, net 11,442 7,084
Mortgage brokerage receivable 2,546 8,516
Interest rate swap asset 7,248 1,716
Other assets 32,960 16,358
Total assets 3,167,374 1,498,258
Deposits:    
Noninterest-bearing demand 617,102 333,051
Interest-bearing demand and money market deposits 751,390 282,263
Savings 159,455 78,352
Time deposits 612,171 251,443
Total deposits 2,140,118 945,109
Securities sold under repurchase agreements 1,198  
FHLB borrowings 183,122 115,000
FRB borrowings 509,667 281,650
Subordinated notes, net 54,588 24,506
Lease liability 7,990 5,506
Interest rate swap liability 1,593 2,735
Other liabilities 29,364 15,552
Total liabilities 2,927,640 1,390,058
Commitments and contingencies (Note 14)
Stockholders’ Equity:    
Common stock, no par value; 37,500,000 shares authorized; 18,621,531 and 8,577,932 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively [2] 192,974 66,771
Additional paid-in capital 252 252
Retained earnings 42,239 40,688
Accumulated other comprehensive income, net of tax 4,035 264
Total stockholders' equity 239,500 107,975
Noncontrolling interest 234 225
Total stockholders’ equity 239,734 108,200
Total liabilities and stockholders’ equity $ 3,167,374 $ 1,498,258
[1] Derived from audited December 31, 2020 Consolidated Financial Statements.
[2] Common stock as of the periods presented is reflective of the Company’s 3-for-2 stock split effective April 30, 2021.