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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 21,050 20,709 31,975 NA
Fed Funds Sold 9,270 415 1,700 NA
Deposits at Financial Institutions 14,293 16,628 11,629 NA
Securities Purchased, to Resell 0 0 0 NA
Other Cash & Cash Equivalents 0 0 0 NA
Cash and Cash Equivalents 44,613 37,752 45,304 107,473
Trading Account Securities 0 0 0 0
Available for Sale Securities 91,922 124,238 121,550 118,906
Held to Maturity Securities 36,775 39,082 41,203 40,768
Other Securities 25,959 27,470 30,897 NA
Total Cash & Securities 199,269 228,542 238,954 NA
Gross Loans Held for Investment 1,045,478 1,405,245 1,434,504 1,428,494
Loan Loss Reserve 10,905 12,113 13,047 12,248
Loans Held for Sale, before Reserves 728 461 460 0
Total Net Loans 1,035,301 1,393,593 1,421,917 1,416,246
Real Estate Owned and Held for Investment 1,568 5,795 5,051 NA
Goodwill 7,984 15,024 15,024 15,024
Core Deposit Intangibles 0 0 0 0
Other Intangibles 0 2,779 2,590 2,212
Intangible Assets other than Goodwill 0 2,779 2,590 2,212
Total Intangible Assets 7,984 17,803 17,614 17,236
Loan Servicing Rights 2,406 2,610 3,000 3,085
Credit Card Rights 0 0 0 0
Other Loan Servicing Rights 0 0 0 0
Total Servicing Rights 2,406 2,610 3,000 3,085
Fixed Assets 13,823 24,343 23,458 24,489
Interest Receivable 3,359 4,902 5,079 NA
Prepaid Expense 673 871 928 NA
Bank-owned Life Insurance 20,681 23,871 24,024 NA
Other Assets 1,527 1,293 1,849 64,692
Total Other Assets 40,063 55,280 55,338 89,181
Total Assets 1,286,591 1,703,623 1,741,874 1,793,165
Memo: Consolidated VIE Assets 0 0 0 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 1,120,776 1,468,713 1,495,424 1,557,167
FHLB Borrowings 0 17,000 0 0
Senior Debt 27,122 49,879 57,433 31,489
Trust Preferred (FAS 150) 0 0 0 0
Total Subordinated Debt 0 11,500 11,500 11,500
Redeemable Financial Instruments (FAS 150) 0 0 0 0
Total Debt 27,122 61,379 68,933 42,989
Total Other Liabilities 8,441 11,736 12,317 18,686
Total Liabilities 1,156,339 1,541,828 1,576,674 1,618,842
Memo: Consolidated VIE Liabilities 0 0 0 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 130,252 161,795 165,200 174,323
Equity Attributable to Parent Company 130,252 161,795 165,200 174,323
Noncontrolling Interests 0 0 0 0
Total Equity 130,252 161,795 165,200 174,323
Net Unrealized Gain 642 (374) (669) NA
Tot Acc Other Comprehensive Inc 642 (374) (669) NA
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 81.26 82.49 82.35 79.66
Loans/ Deposits 93.28 95.68 95.93 91.74
Loan Loss Reserves/ Gross Loans 1.04 0.86 0.91 0.86
Reserves/ Loans Held For Investment 1.04 0.86 0.91 0.86
One Year Gap/ Assets NA NA 0 NA
1-4 Loans Serviced for Others($000) 309,470 314,945 317,065 NA
Level 1 Assets($000) 0 0 0 NA
Level 2 Assets($000) 93,318 126,448 124,050 NA
Level 3 Assets($000) 1,738 960 25,249 NA
Level 1 Liabilities($000) 0 0 0 NA
Level 2 Liabilities($000) 0 0 562 NA
Level 3 Liabilities($000) 0 0 0 NA
FTE Employees(actual) 169 244 248 253
Annualized Growth Rates (%)
Asset Growth (8.94) (11.36) 8.98 2.27
Gross Loans HFI Growth 7.49 2.20 8.33 2.21
Deposit Growth (2.22) (10.07) 7.27 3.35
Average Balances ($000)
Avg Gross Loans HFI 1,035,868 1,401,396 1,419,875 1,402,179
Avg Loans HFS 364 231 461 21,587
Average Loans, Gross of Reserves 1,028,848 1,404,766 1,424,604 1,425,847
Avg Securities 141,481 NA NA NA
Avg Other Int Earn Assets 122,045 NA NA NA
Avg Secs & Other Int Earn Assets 263,526 266,592 251,413 233,921
Avg Interest Earning Assets 1,292,374 1,671,358 1,676,017 1,659,768
Avg Assets 1,387,723 1,786,306 1,794,227 1,777,188
Avg CDs NA NA NA NA
Avg Other Interest-bearing Deposits NA NA NA NA
Avg Interest-bearing Deposits 810,886 1,070,156 1,097,150 NA
Avg Debt 125,399 141,415 118,773 NA
Avg Interest-bearing Liabs 936,285 1,211,571 1,215,923 1,189,077
Avg Noninterest-bearing Deposits NA 400,423 377,802 NA
Avg Total Deposits 1,123,898 1,470,579 1,474,952 1,486,411
Avg Preferred Equity 0 0 0 0
Avg Common Equity 128,888 161,331 162,860 165,740
Avg Equity 128,888 161,331 162,860 165,740
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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