Balance Sheet

Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Assets ($000)
Cash and Due from Banks NA NA 26,448 25,500
Fed Funds Sold NA NA 4,000 4,000
Deposits at Financial Institutions NA NA 44,661 15,880
Securities Purchased, to Resell NA NA 0 0
Other Cash & Cash Equivalents NA NA 0 0
Cash and Cash Equivalents 49,384 60,340 75,109 45,380
Trading Account Securities 0 0 0 0
Available for Sale Securities NA NA 130,343 130,573
Held to Maturity Securities NA NA 18,914 17,790
Other Securities NA NA NA 1,716
Total Cash & Securities NA NA NA 195,460
Gross Loans Held for Investment 321,823 362,616 391,015 409,741
Loan Loss Reserve 4,043 3,812 4,093 4,391
Loans Held for Sale, before Reserves 217 144 380 110
Total Net Loans 317,997 358,948 387,302 405,460
Real Estate Owned and Held for Investment 3,893 1,430 1,672 1,257
Goodwill 0 0 0 0
Core Deposit Intangibles 0 0 0 0
Other Intangibles 0 0 0 0
Intangible Assets other than Goodwill 0 0 0 0
Total Intangible Assets 0 0 0 0
Loan Servicing Rights 0 0 0 0
Credit Card Rights 0 0 0 0
Other Loan Servicing Rights 0 0 0 0
Total Servicing Rights 0 0 0 0
Fixed Assets 13,238 13,394 13,436 13,949
Interest Receivable NA 2,705 3,039 3,669
Prepaid Expense NA NA NA NA
Bank-owned Life Insurance NA NA 11,215 11,382
Other Assets 19,344 18,117 10,086 6,407
Total Other Assets 32,582 34,216 37,776 35,407
Total Assets 572,927 608,347 651,116 637,584
Memo: Consolidated VIE Assets NA NA NA NA
Memo: Covered Loans NA NA NA NA
Memo: Covered OREO NA NA NA NA
Memo: Covered Securities NA NA NA NA
Memo: Covered Assets NA NA NA NA
Liabilities ($000)
Total Deposits 518,600 553,047 588,767 573,155
FHLB Borrowings NA 175 NA 117
Senior Debt NA 5,066 4,930 4,661
Trust Preferred (FAS 150) 10,310 10,310 10,310 10,310
Total Subordinated Debt 10,310 10,310 10,310 10,310
Redeemable Financial Instruments (FAS 150) 0 0 0 0
Total Debt NA 15,376 15,240 14,971
Total Other Liabilities NA 1,856 4,188 2,834
Total Liabilities 537,711 570,279 608,196 590,960
Memo: Consolidated VIE Liabilities NA 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 35,216 38,069 42,920 46,625
Equity Attributable to Parent Company 35,216 38,069 42,920 46,625
Noncontrolling Interests 0 0 0 0
Total Equity 35,216 38,069 42,920 46,625
Net Unrealized Gain NA (2,803) (3,287) (2,448)
Tot Acc Other Comprehensive Inc (1,709) (3,127) (3,611) (2,772)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 56.17 59.61 60.05 64.26
Loans/ Deposits 62.06 65.57 66.41 71.49
Loan Loss Reserves/ Gross Loans 1.26 1.05 1.05 1.07
Reserves/ Loans Held For Investment 1.26 1.05 1.05 1.07
One Year Gap/ Assets NA NA NA NA
1-4 Loans Serviced for Others($000) NA NA NA NA
Level 1 Assets($000) NA NA NA 1,957
Level 2 Assets($000) NA NA NA 128,617
Level 3 Assets($000) NA NA NA 3,913
Level 1 Liabilities($000) NA NA NA NA
Level 2 Liabilities($000) NA NA NA NA
Level 3 Liabilities($000) NA NA NA NA
FTE Employees(actual) 182 181 194 207
Annualized Growth Rates (%)
Asset Growth 10.28 7.09 28.12 6.66
Gross Loans HFI Growth 30.48 16.88 31.33 17.77
Deposit Growth 10.05 11.32 25.84 6.57
Average Balances ($000)
Avg Gross Loans HFI 310,430 355,274 376,816 384,158
Avg Loans HFS 367 72 262 225
Average Loans, Gross of Reserves 310,796 355,346 377,078 384,383
Avg Securities NA NA NA NA
Avg Other Int Earn Assets NA NA NA NA
Avg Secs & Other Int Earn Assets 180,164 151,349 152,037 176,088
Avg Interest Earning Assets 490,960 506,694 529,114 560,471
Avg Assets 565,747 603,048 629,732 627,452
Avg CDs NA NA NA NA
Avg Other Interest-bearing Deposits NA NA NA NA
Avg Interest-bearing Deposits NA NA NA NA
Avg Debt NA NA NA NA
Avg Interest-bearing Liabs NA NA NA NA
Avg Noninterest-bearing Deposits NA NA NA NA
Avg Total Deposits 512,244 545,439 570,907 566,915
Avg Preferred Equity 0 0 0 0
Avg Common Equity 34,597 38,059 40,495 41,748
Avg Equity 34,597 38,059 40,495 41,748
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.

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