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Financial Highlights
2019 FQ3 YTD
9/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Assets ($000)
Cash and Due from Banks 163,213 102,024 187,574 158,686 129,096
Fed Funds Sold 0 0 0 10,000 0
Deposits at Financial Institutions 412,603 29,980 256,513 339,048 225,929
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 575,816 132,004 444,087 507,734 355,025
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 1,083,816 685,350 763,002 316,435 273,463
Held to Maturity Securities 0 0 0 0 0
Other Securities 31,642 27,820 30,134 27,083 14,803
Total Cash & Securities 1,691,274 845,174 1,237,223 851,252 643,291
Gross Loans Held for Investment 11,595,029 7,884,497 6,471,675 4,570,654 3,987,852
Loan Loss Reserve 50,447 44,802 39,402 31,591 27,043
Loans Held for Sale, before Reserves 32,929 32,727 39,202 9,795 12,299
Total Net Loans 11,577,511 7,872,422 6,471,475 4,548,858 3,973,108
Real Estate Owned and Held for Investment 6,392 4,200 7,126 1,972 2,168
Goodwill 994,021 721,797 621,458 258,319 258,643
Core Deposit Intangibles NA 45,042 43,244 14,177 16,357
Other Intangibles NA 0 0 0 0
Intangible Assets other than Goodwill 106,855 45,042 43,244 14,177 16,357
Total Intangible Assets 1,100,876 766,839 664,702 272,496 275,000
Loan Servicing Rights 0 0 0 0 0
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights 0 0 0 0 0
Total Servicing Rights 0 0 0 0 0
Fixed Assets 274,283 167,866 147,835 89,898 93,015
Interest Receivable 36,825 24,253 20,835 12,331 10,991
Prepaid Expense NA 11,770 NA NA 1,933
Bank-owned Life Insurance 214,106 129,521 113,170 57,209 40,861
Other Assets 57,860 27,920 22,097 18,785 14,633
Total Other Assets 583,074 361,330 303,937 178,223 161,433
Total Assets 14,959,127 9,849,965 8,684,463 5,852,801 5,055,000
Memo: Consolidated VIE Assets 0 0 0 0 0
Memo: Covered Loans 0 0 0 0 0
Memo: Covered OREO 0 0 0 0 0
Memo: Covered Securities 0 0 0 0 0
Memo: Covered Assets 0 0 0 0 0
Liabilities ($000)
Total Deposits 11,727,885 7,737,794 6,632,822 4,577,109 4,028,279
FHLB Borrowings 555,000 290,000 530,667 460,746 288,325
Senior Debt 620,166 290,000 530,667 460,746 300,485
Trust Preferred (FAS 150) 53,775 27,852 27,654 18,147 18,147
Total Subordinated Debt 231,417 165,168 164,565 125,446 88,945
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 851,583 455,168 695,232 586,192 389,430
Total Other Liabilities 80,727 50,570 20,391 17,135 9,982
Total Liabilities 12,660,195 8,243,532 7,348,445 5,180,436 4,427,691
Memo: Consolidated VIE Liabilities 0 0 0 0 0
Mezzanine ($000)
Redeemable Preferred 0 0 0 0 0
Trust Preferred Securities 0 0 0 0 0
Total Minority Interest 0 0 0 0 0
Other Mezzanine Items 0 0 0 0 0
Total Mezzanine Level Items 0 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0 0
Other Preferred Equity 0 0 0 0 23,938
Total Preferred Equity 0 0 0 0 23,938
Common Equity 2,298,932 1,606,433 1,336,018 672,365 603,371
Equity Attributable to Parent Company 2,298,932 1,606,433 1,336,018 672,365 627,309
Noncontrolling Interests 0 0 0 0 0
Total Equity 2,298,932 1,606,433 1,336,018 672,365 627,309
Net Unrealized Gain 19,940 (8,305) (487) (1,100) 2,382
Tot Acc Other Comprehensive Inc 19,940 (8,305) (487) (1,100) 2,382
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 77.51 80.05 74.52 78.09 78.89
Loans/ Deposits 98.87 101.90 97.57 99.86 99
Loan Loss Reserves/ Gross Loans 0.43 0.57 0.61 0.69 0.68
Reserves/ Loans Held For Investment 0.44 0.57 0.61 0.69 0.68
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) NA NA NA NA NA
Level 1 Assets($000) 0 0 10,349 0 0
Level 2 Assets($000) 1,121,186 714,512 752,653 316,435 273,463
Level 3 Assets($000) 8,601 3,824 8,963 1,308 5,404
Level 1 Liabilities($000) 0 0 0 0 0
Level 2 Liabilities($000) 9,147 740 0 0 0
Level 3 Liabilities($000) 0 0 0 0 0
FTE Employees(actual) 1,421 1,087 924 577 587
Annualized Growth Rates (%)
Asset Growth 69.16 13.42 48.38 15.78 22.32
Gross Loans HFI Growth 62.75 21.83 41.59 14.61 24.60
Deposit Growth 68.75 16.66 44.91 13.62 23.96
Average Balances ($000)
Avg Gross Loans HFI 10,638,531 7,292,693 5,705,106 4,254,017 3,450,063
Avg Loans HFS 53,972 30,442 20,163 10,150 7,216
Average Loans, Gross of Reserves 11,048,706 7,254,635 5,871,990 4,234,368 3,456,128
Avg Securities 1,108,219 780,822 638,409 296,132 209,036
Avg Other Int Earn Assets 447,041 179,411 409,976 290,316 141,374
Avg Secs & Other Int Earn Assets 1,555,260 960,233 1,048,385 586,448 350,410
Avg Interest Earning Assets 12,603,966 8,214,868 6,920,375 4,820,816 3,806,538
Avg Assets 14,374,674 9,478,934 7,966,421 5,469,542 4,395,552
Avg CDs 1,768,956 1,009,644 1,002,753 830,964 842,087
Avg Other Interest-bearing Deposits 6,459,773 4,232,760 3,498,922 2,341,379 1,761,406
Avg Interest-bearing Deposits 8,228,729 5,242,404 4,501,675 3,172,343 2,603,493
Avg Debt 720,426 680,789 626,337 571,100 322,155
Avg Interest-bearing Liabs 8,949,155 5,923,193 5,128,012 3,743,443 2,925,648
Avg Noninterest-bearing Deposits 3,093,390 2,052,675 1,671,872 1,076,340 895,789
Avg Total Deposits 11,322,119 7,295,079 6,173,547 4,248,683 3,499,282
Avg Preferred Equity 0 0 0 855 23,938
Avg Common Equity 2,247,196 1,476,688 1,139,573 634,941 540,489
Avg Equity 2,247,196 1,476,688 1,139,573 635,864 564,427
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