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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
 [1]
ASSETS    
Cash and due from banks $ 296,425 $ 117,945
Federal funds sold 2,273 775
Securities available for sale, at fair value 261,309 109,475
Restricted equity and other investments 13,228 11,173
Loans held for sale 146,985 148,209
Paycheck Protection Program loans, net of deferred fees and costs 130,193 288,533
Loans held for investment, net of deferred fees and costs 1,729,677 732,883
Less allowance for loan losses (13,007) (13,827)
Loans held for investment, net 1,716,670 719,056
Accrued interest receivable 11,072 5,428
Other real estate owned 438  
Premises and equipment, net 29,551 14,831
Right-of-use asset 6,348 5,328
Bank owned life insurance 46,001 15,724
Goodwill 27,098 19,892
Other intangible assets 8,931 2,922
Mortgage derivative asset 3,143 5,293
Mortgage servicing rights, net 13,149 7,084
Mortgage brokerage receivable 5,264 8,516
Interest rate swap asset 5,072 1,716
Other assets 41,580 16,358
Total assets 2,764,730 1,498,258
Deposits:    
Noninterest-bearing demand 660,937 333,051
Interest-bearing demand and money market deposits 812,756 282,263
Savings 143,908 78,352
Time deposits 572,970 251,443
Total deposits 2,190,571 945,109
FHLB borrowings 125,118 115,000
FRB borrowings 97,384 281,650
Subordinated notes, net 46,149 24,506
Lease liability 7,795 5,506
Interest rate swap liability 1,445 2,735
Other liabilities 29,442 15,552
Total liabilities 2,497,904 1,390,058
Commitments and contingencies (Note 14)
Stockholders’ Equity:    
Common stock, no par value; 25,000,000 shares authorized; 18,631,073 and 8,577,932 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively [2] 193,259 66,771
Additional paid-in capital 252 252
Retained earnings 70,885 40,688
Accumulated other comprehensive income, net of tax 2,200 264
Total stockholders' equity 266,596 107,975
Noncontrolling interest 230 225
Total stockholders’ equity 266,826 108,200
Total liabilities and stockholders’ equity $ 2,764,730 $ 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.