CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 41,411	$ 28,857
Interest-bearing cash	91,792	33,276
Cash and cash equivalents	133,203	62,133
Securities available-for-sale (cost of $868,214 at December 31, 2019 and $844,461 at December 31, 2018)	879,235	842,801
Federal Home Loan Bank stock, at cost	23,280	21,696
Other investments	3,521	3,450
Derivative assets	1,791	4,032
Loans held for sale	31,282	16,972
Loans receivable, net of allowance for loan losses of $16,521 at December 31, 2019 and $14,463 at December 31, 2018	3,211,416	2,509,873
Premises and equipment, net	70,702	60,866
Right of use operating lease asset	17,163
Accrued interest receivable	14,951	13,494
Real estate acquired through foreclosure, net	2,325	1,534
Deferred tax assets, net	2,463	5,786
Mortgage servicing rights	25,941	32,933
Cash value life insurance	71,267	58,728
Core deposit intangible	16,621	16,462
Goodwill	184,259	127,592
Other assets	19,453	12,396
Total assets	4,708,873	3,790,748
Liabilities:
Noninterest-bearing deposits	668,616	547,022
Interest-bearing deposits	2,739,745	2,171,171
Total deposits	3,408,361	2,718,193
Short-term borrowed funds	437,700	405,500
Long-term debt	54,875	59,436
Right of use operating lease liability	17,593
Derivative liabilities	3,427	1,232
Drafts outstanding	8,193	8,129
Advances from borrowers for insurance and taxes	3,288	4,100
Accrued interest payable	2,450	1,591
Reserve for mortgage repurchase losses	892	1,292
Dividends payable to stockholders	2,227	1,576
Accrued expenses and other liabilities	26,427	14,414
Total liabilities	3,965,433	3,215,463
Stockholders' equity:
Preferred stock, par value $.01; 1,000,000 shares authorized at December 31, 2019 and December 31, 2018; no shares issued or outstanding
Common stock, par value $.01; 50,000,000 shares authorized at December 31, 2019 and December 31, 2018, respectively; 24,777,608 and 22,387,009 issued and outstanding at December 31, 2019 and December 31, 2018, respectively	248	224
Additional paid-in capital	514,272	408,224
Retained earnings	221,103	167,173
Accumulated other comprehensive income (loss), net of tax	7,817	(336)
Total stockholders' equity	743,440	575,285
Total liabilities and stockholders' equity	$ 4,708,873	$ 3,790,748

CAROLINA FINANCIAL CORP 10-K