Financial Highlights

Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Assets ($000)
Cash and Due from Banks 14,406 16,467 18,403 20,105
Fed Funds Sold 0 0 0 0
Deposits at Financial Institutions 2,110 43,730 44,650 20,800
Securities Purchased, to Resell 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0
Cash and Cash Equivalents 16,516 60,197 63,053 40,905
Trading Account Securities 0 0 0 0
Available for Sale Securities 137,099 155,620 152,424 161,730
Held to Maturity Securities 53,794 41,378 39,894 27,266
Other Securities 6,940 8,288 8,310 6,175
Total Cash & Securities 214,349 265,483 263,681 236,076
Gross Loans Held for Investment 952,476 1,237,754 1,246,798 1,302,465
Loan Loss Reserve 14,145 13,417 13,143 13,964
Loans Held for Sale, before Reserves 466 474 1,265 408
Total Net Loans 938,797 1,224,811 1,234,920 1,288,909
Real Estate Owned and Held for Investment 2,879 2,960 2,500 2,026
Goodwill 6,308 19,580 19,580 19,580
Core Deposit Intangibles 0 0 0 0
Other Intangibles 608 2,985 2,801 4,407
Intangible Assets other than Goodwill 608 2,985 2,801 4,407
Total Intangible Assets 6,916 22,565 22,381 23,987
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 18,129 26,609 26,379 26,409
Interest Receivable 3,278 4,258 4,368 3,670
Prepaid Expense NA NA NA NA
Bank-owned Life Insurance 40,997 45,692 45,973 48,003
Other Assets 16,380 18,637 23,140 18,644
Total Other Assets 78,784 95,196 99,860 96,726
Total Assets 1,241,725 1,611,015 1,623,342 1,647,724
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 990,494 1,313,414 1,333,975 1,348,092
FHLB Borrowings 91,950 85,716 80,216 75,248
Senior Debt 118,218 123,751 111,234 113,164
Trust Preferred (FAS 150) 0 5,000 5,000 5,000
Total Subordinated Debt 0 5,000 5,000 5,000
Redeemable Financial Instruments (FAS 150) 0 0 0 0
Total Debt 118,218 128,751 116,234 118,164
Total Other Liabilities 11,171 12,245 12,826 13,331
Total Liabilities 1,119,883 1,454,410 1,463,035 1,479,587
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 121,842 156,605 160,307 168,137
Equity Attributable to Parent Company 121,842 156,605 160,307 168,137
Noncontrolling Interests 0 0 0 0
Total Equity 121,842 156,605 160,307 168,137
Net Unrealized Gain (109) (2,246) (2,748) (1,651)
Tot Acc Other Comprehensive Inc (5,757) (8,281) (8,683) (9,217)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 76.71 76.83 76.80 79.05
Loans/ Deposits 96.16 94.24 93.46 96.62
Loan Loss Reserves/ Gross Loans 1.48 1.08 1.05 1.07
Reserves/ Loans Held For Investment 1.49 1.08 1.05 1.07
One Year Gap/ Assets NA NA NA NA
1-4 Loans Serviced for Others($000) 0 0 0 0
Level 1 Assets($000) 1,667 1,760 1,767 1,839
Level 2 Assets($000) 135,432 155,620 152,424 161,730
Level 3 Assets($000) 4,381 4,307 3,932 3,883
Level 1 Liabilities($000) 0 0 0 NA
Level 2 Liabilities($000) 0 0 0 NA
Level 3 Liabilities($000) 0 0 0 NA
FTE Employees(actual) 303 354 354 361
Annualized Growth Rates (%)
Asset Growth 11.74 3.91 3.06 3.28
Gross Loans HFI Growth 19.63 (2.06) 2.92 4.69
Deposit Growth 9.46 4.60 6.26 3.82
Average Balances ($000)
Avg Gross Loans HFI 930,193 1,240,962 1,242,276 1,257,579
Avg Loans HFS 1,118 1,105 870 981
Average Loans, Gross of Reserves 931,311 1,242,067 1,243,146 1,258,011
Avg Securities NA NA NA 202,298
Avg Other Int Earn Assets NA NA NA 37,340
Avg Secs & Other Int Earn Assets 207,091 216,778 248,855 239,638
Avg Interest Earning Assets 1,138,402 1,458,845 1,492,000 1,497,649
Avg Assets 1,224,023 1,603,224 1,617,179 1,620,431
Avg CDs NA NA NA 359,581
Avg Other Interest-bearing Deposits NA NA NA 682,623
Avg Interest-bearing Deposits NA NA NA 1,042,204
Avg Debt NA NA NA 123,450
Avg Interest-bearing Liabs 921,451 1,136,060 1,155,000 1,165,654
Avg Noninterest-bearing Deposits NA 279,164 NA 288,268
Avg Total Deposits 979,058 1,305,953 1,323,695 1,330,472
Avg Preferred Equity 0 0 0 0
Avg Common Equity 120,952 155,286 158,456 159,634
Avg Equity 120,952 155,286 158,456 159,634
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.