Financial Highlights

Financial Highlights
2020 FQ1 YTD
3/31/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Assets ($000)
Cash and Due from Banks 113,106 114,605 123,755 57,936 38,676
Fed Funds Sold 5,160 21,879 39,363 13,593 33,884
Deposits at Financial Institutions 1,028,426 353,574 204,217 207,590 103,094
Securities Purchased, to Resell 0 0 0 1,500 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 1,146,691 490,058 367,333 280,619 175,654
Trading Account Securities 8,432 4,987 1,737 6,777 12,383
Available for Sale Securities 2,138,442 1,886,724 1,727,348 1,060,143 740,702
Held to Maturity Securities 195,948 202,903 216,833 232,399 250,543
Other Securities 101,840 101,683 80,962 36,006 18,799
Total Cash & Securities 3,591,353 2,686,355 2,394,213 1,615,944 1,198,081
Gross Loans Held for Investment 12,027,231 11,983,943 8,340,504 4,773,221 3,429,747
Loan Loss Reserve 158,733 40,655 39,770 32,825 27,041
Loans Held for Sale, before Reserves 188,316 142,801 40,399 19,647 2,285
Total Net Loans 12,056,814 12,086,089 8,341,133 4,760,043 3,404,991
Real Estate Owned and Held for Investment 9,942 5,092 2,909 3,987 7,090
Goodwill 1,204,417 1,204,417 802,880 257,683 106,028
Core Deposit Intangibles 87,295 91,157 66,225 24,063 15,510
Other Intangibles 3,093 3,175 1,388 551 784
Intangible Assets other than Goodwill 90,388 94,332 67,613 24,614 16,294
Total Intangible Assets 1,294,805 1,298,749 870,493 282,297 122,322
Loan Servicing Rights 1,038 1,332 1,565 0 0
Credit Card Rights NA NA NA 0 0
Other Loan Servicing Rights NA NA NA 0 0
Total Servicing Rights NA NA NA 0 0
Fixed Assets 350,880 352,650 252,534 153,240 123,414
Interest Receivable 43,382 40,945 33,143 18,628 12,112
Prepaid Expense 13,278 13,870 11,454 11,726 NA
Bank-owned Life Insurance 331,713 330,155 267,820 146,739 98,424
Other Assets 903,087 326,788 162,324 131,371 112,125
Total Other Assets 1,642,340 1,064,408 727,275 461,704 346,075
Total Assets 18,596,292 17,142,025 12,337,588 7,123,975 5,078,559
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 14,121,499 13,136,392 9,477,336 5,560,523 4,152,544
FHLB Borrowings 150,000 150,000 350,000 155,000 0
Senior Debt 572,337 656,819 702,132 558,570 290,413
Trust Preferred (FAS 150) 71,356 71,343 32,415 26,192 25,958
Total Subordinated Debt 82,356 82,343 43,415 26,192 25,958
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 654,693 739,162 745,547 584,762 316,371
Total Other Liabilities 949,848 369,753 143,361 73,940 57,187
Total Liabilities 15,726,040 14,245,307 10,366,244 6,219,225 4,526,102
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 0
Total Preferred Equity 0 0 0 0 0
Common Equity 2,870,252 2,896,718 1,971,344 904,750 552,457
Equity Attributable to Parent Company 2,870,252 2,896,718 1,971,344 904,750 552,457
Noncontrolling Interests 0 0 0 0 0
Total Equity 2,870,252 2,896,718 1,971,344 904,750 552,457
Net Unrealized Gain 62,743 23,014 (22,421) (7,005) (8,574)
Tot Acc Other Comprehensive Inc 56,390 22,401 (22,421) (7,005) (8,574)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 64.68 69.91 67.60 67 67.53
Loans/ Deposits 85.17 91.23 88 85.84 82.59
Loan Loss Reserves/ Gross Loans 1.30 0.34 0.47 0.68 0.79
Reserves/ Loans Held For Investment 1.32 0.34 0.48 0.69 0.79
One Year Gap/ Assets NA NA NA (21.87) (25.08)
1-4 Loans Serviced for Others($000) 3,919 3,971 1,054 0 0
Level 1 Assets($000) 0 0 0 0 0
Level 2 Assets($000) 3,168,176 2,308,926 1,863,524 1,109,400 784,902
Level 3 Assets($000) 42,834 25,224 16,284 15,089 16,828
Level 1 Liabilities($000) 0 0 0 0 0
Level 2 Liabilities($000) 848,483 275,321 93,056 43,259 32,691
Level 3 Liabilities($000) 94 17 5 0 0
FTE Employees(actual) 2,757 2,756 2,113 1,200 952
Annualized Growth Rates (%)
Asset Growth 33.93 38.94 73.18 40.28 26.25
Gross Loans HFI Growth 1.44 43.68 74.74 39.17 32.23
Deposit Growth 30 38.61 70.44 33.91 29.15
Average Balances ($000)
Avg Gross Loans HFI 12,005,587 10,535,196 7,174,285 4,237,397 3,162,358
Avg Loans HFS 165,559 90,341 33,607 8,701 2,689
Average Loans, Gross of Reserves 12,083,364 11,041,121 7,407,765 4,326,325 3,140,343
Avg Securities 2,116,091 1,981,506 1,791,411 1,110,016 987,155
Avg Other Int Earn Assets 673,552 616,309 276,029 195,431 228,957
Avg Secs & Other Int Earn Assets 2,789,643 2,597,815 2,067,440 1,305,447 1,216,112
Avg Interest Earning Assets 14,873,007 13,638,936 9,475,205 5,631,772 4,356,455
Avg Assets 17,427,566 15,915,885 10,950,654 6,341,159 4,864,151
Avg CDs NA 2,220,534 1,492,683 750,644 569,902
Avg Other Interest-bearing Deposits NA 6,271,742 4,134,670 2,520,771 1,998,703
Avg Interest-bearing Deposits 9,224,690 8,492,276 5,627,353 3,271,415 2,568,605
Avg Debt 682,185 628,847 619,961 341,236 265,787
Avg Interest-bearing Liabs 9,906,875 9,121,123 6,247,314 3,612,651 2,834,392
Avg Noninterest-bearing Deposits 4,035,991 3,786,350 2,918,270 1,836,080 1,422,473
Avg Total Deposits 13,260,681 12,278,626 8,545,623 5,107,495 3,991,078
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 2,882,644 2,661,800 1,662,815 819,626 531,734
Avg Equity 2,882,644 2,667,709 1,662,815 819,626 531,734
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