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Financial Highlights

Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Assets ($000)
Cash and Due from Banks 12,898 NA NA NA
Fed Funds Sold 23,726 1,669 1,776 1,065
Deposits at Financial Institutions 2,677 NA NA NA
Securities Purchased, to Resell 0 0 0 0
Other Cash & Cash Equivalents 1,056 29,636 35,507 54,741
Cash and Cash Equivalents 40,357 31,305 37,283 55,806
Trading Account Securities 0 0 0 0
Available for Sale Securities 107,852 102,062 100,604 101,439
Held to Maturity Securities 0 0 0 0
Other Securities 1,359 NA NA 2,025
Total Cash & Securities 149,568 NA NA 159,270
Gross Loans Held for Investment 453,499 536,618 546,129 531,974
Loan Loss Reserve 4,785 4,993 4,987 5,117
Loans Held for Sale, before Reserves 641 564 670 0
Total Net Loans 449,355 532,189 541,812 526,857
Real Estate Owned and Held for Investment 647 NA NA NA
Goodwill 13,422 13,422 13,422 13,422
Core Deposit Intangibles 172 0 0 0
Other Intangibles 0 354 345 327
Intangible Assets other than Goodwill 172 354 345 327
Total Intangible Assets 13,594 13,776 13,767 13,749
Loan Servicing Rights 1,409 NA NA 1,274
Credit Card Rights 0 0 0 0
Other Loan Servicing Rights 0 0 0 0
Total Servicing Rights 1,409 NA NA 1,274
Fixed Assets 13,302 14,291 14,206 14,296
Interest Receivable 2,801 3,277 2,958 3,294
Prepaid Expense 480 NA NA NA
Bank-owned Life Insurance 14,518 15,391 15,492 15,685
Other Assets 4,074 6,936 7,561 4,307
Total Other Assets 35,175 39,895 40,217 37,582
Total Assets 649,748 719,227 733,683 738,831
Memo: Consolidated VIE Assets 0 NA NA NA
Memo: Covered Loans 0 0 0 0
Memo: Covered OREO 0 0 0 0
Memo: Covered Securities 0 0 0 0
Memo: Covered Assets 0 0 0 0
Liabilities ($000)
Total Deposits 542,317 595,185 598,580 605,893
FHLB Borrowings 10,000 NA NA 20,000
Senior Debt 23,021 41,879 49,652 43,842
Trust Preferred (FAS 150) 5,155 5,155 5,155 5,155
Total Subordinated Debt 5,155 5,155 5,155 5,155
Redeemable Financial Instruments (FAS 150) 0 0 0 0
Total Debt 28,176 47,034 54,807 48,997
Total Other Liabilities 7,690 6,953 8,463 8,414
Total Liabilities 578,183 649,172 661,850 663,304
Memo: Consolidated VIE Liabilities 0 NA NA NA
Mezzanine ($000)
Redeemable Preferred 0 0 0 0
Trust Preferred Securities 0 0 0 0
Total Minority Interest 0 0 0 0
Other Mezzanine Items 0 0 0 0
Total Mezzanine Level Items 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0
Other Preferred Equity 0 0 0 0
Total Preferred Equity 0 0 0 0
Common Equity 71,565 70,055 71,833 75,527
Equity Attributable to Parent Company 71,565 70,055 71,833 75,527
Noncontrolling Interests 0 0 0 0
Total Equity 71,565 70,055 71,833 75,527
Net Unrealized Gain (559) (1,362) (1,531) (1,301)
Tot Acc Other Comprehensive Inc (559) (1,362) (1,531) (1,301)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 69.80 74.61 74.44 72
Loans/ Deposits 83.62 90.16 91.24 87.80
Loan Loss Reserves/ Gross Loans 1.05 0.93 0.91 0.96
Reserves/ Loans Held For Investment 1.06 0.93 0.91 0.96
One Year Gap/ Assets NA NA NA NA
1-4 Loans Serviced for Others($000) 217,727 NA NA 205,151
Level 1 Assets($000) 46,870 NA NA 1,982
Level 2 Assets($000) 41,270 NA NA 79,813
Level 3 Assets($000) 19,712 NA NA 25,317
Level 1 Liabilities($000) 0 NA NA 0
Level 2 Liabilities($000) 0 NA NA 0
Level 3 Liabilities($000) 0 NA NA 0
FTE Employees(actual) 178 183 189 187
Annualized Growth Rates (%)
Asset Growth 5.12 3.86 8.04 3.72
Gross Loans HFI Growth 3.28 10.06 7.09 1.63
Deposit Growth 4.83 12.50 2.28 4.98
Average Balances ($000)
Avg Gross Loans HFI 451,657 530,033 541,374 535,936
Avg Loans HFS 363 540 617 656
Average Loans, Gross of Reserves 454,174 530,572 541,991 532,056
Avg Securities 109,594 NA NA 101,643
Avg Other Int Earn Assets 23,270 NA NA 35,440
Avg Secs & Other Int Earn Assets 132,864 111,222 109,370 137,083
Avg Interest Earning Assets 587,038 641,794 651,360 669,139
Avg Assets 644,671 715,786 726,455 731,252
Avg CDs 90,108 NA NA 127,170
Avg Other Interest-bearing Deposits 428,665 NA NA 347,454
Avg Interest-bearing Deposits 518,773 NA NA 474,624
Avg Debt 22,485 NA NA 49,113
Avg Interest-bearing Liabs 541,258 NA NA 523,737
Avg Noninterest-bearing Deposits NA NA NA 129,923
Avg Total Deposits 539,081 586,165 596,883 604,547
Avg Preferred Equity 0 0 0 0
Avg Common Equity 70,848 70,046 70,944 72,513
Avg Equity 70,848 70,046 70,944 72,513
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.