Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Assets ($000)
Cash and Due from Banks 21,266 13,452 16,839 24,067
Fed Funds Sold 0 0 0 0
Deposits at Financial Institutions 40,395 15,143 7,443 24,059
Securities Purchased, to Resell 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0
Cash and Cash Equivalents 61,661 28,595 24,282 48,126
Trading Account Securities 0 0 0 0
Available for Sale Securities 32,797 30,412 28,174 24,407
Held to Maturity Securities 57,067 57,819 57,953 47,455
Other Securities 4,986 8,020 8,322 8,533
Total Cash & Securities 156,511 124,846 118,731 128,521
Gross Loans Held for Investment 762,687 872,327 890,369 921,301
Loan Loss Reserve 9,567 10,962 11,201 11,398
Loans Held for Sale, before Reserves 3,763 1,834 2,537 1,496
Total Net Loans 756,883 863,199 881,705 911,399
Real Estate Owned and Held for Investment 259 0 0 585
Goodwill 18,109 18,109 18,109 18,109
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 18,109 18,109 18,109 18,109
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 5,327 6,157 6,134 5,917
Interest Receivable 2,090 2,492 2,707 2,583
Prepaid Expense NA NA NA NA
Bank-owned Life Insurance 21,165 21,703 21,835 22,098
Other Assets 6,729 5,721 6,306 7,207
Total Other Assets 35,311 36,073 36,982 37,805
Total Assets 967,073 1,042,227 1,055,527 1,096,419
Memo: Consolidated VIE Assets NA 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 799,705 870,904 880,879 917,354
FHLB Borrowings 24,300 24,500 24,500 22,500
Senior Debt 45,737 42,972 44,378 41,902
Trust Preferred (FAS 150) 0 0 0 0
Total Subordinated Debt 9,863 9,896 9,905 9,923
Redeemable Financial Instruments (FAS 150) 0 0 0 0
Total Debt 55,600 52,868 54,283 51,825
Total Other Liabilities 9,362 9,475 9,018 10,742
Total Liabilities 864,667 933,247 944,180 979,921
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 102,406 108,980 111,347 116,498
Equity Attributable to Parent Company 102,406 108,980 111,347 116,498
Noncontrolling Interests 0 0 0 0
Total Equity 102,406 108,980 111,347 116,498
Net Unrealized Gain (322) (463) (518) (445)
Tot Acc Other Comprehensive Inc (322) (463) (518) (445)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 78.87 83.70 84.35 84.03
Loans/ Deposits 95.37 100.16 101.08 100.43
Loan Loss Reserves/ Gross Loans 1.25 1.25 1.25 1.24
Reserves/ Loans Held For Investment 1.25 1.26 1.26 1.24
One Year Gap/ Assets NA NA NA (1.36)
1-4 Loans Serviced for Others ($000) 0 0 0 0
Level 1 Assets ($000) 2,409 2,423 2,417 2,451
Level 2 Assets ($000) 30,388 30,412 28,174 24,407
Level 3 Assets ($000) 507 0 0 585
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) 147 165 166 165
Annualized Growth Rates (%)
Asset Growth 11.43 0.93 5.10 5.45
Gross Loans HFI Growth 5.10 10.09 8.27 8.28
Deposit Growth 11.92 4.34 4.58 6.48
Average Balances ($000)
Avg Gross Loans HFI 757,890 861,601 881,348 887,420
Avg Loans HFS 4,150 2,208 2,186 1,968
Average Loans, Gross of Reserves 762,150 868,544 884,450 890,304
Avg Securities 96,030 97,625 95,801 93,352
Avg Other Int Earn Assets 38,263 18,135 21,206 24,861
Avg Secs & Other Int Earn Assets 134,293 115,760 117,007 118,213
Avg Interest Earning Assets 896,443 984,304 1,001,457 1,008,517
Avg Assets 962,349 1,046,353 1,064,965 1,073,791
Avg CDs 136,474 168,327 188,862 201,366
Avg Other Interest-bearing Deposits 510,070 543,510 536,193 527,661
Avg Interest-bearing Deposits 646,544 711,837 725,055 729,027
Avg Debt 53,683 57,746 55,595 55,577
Avg Interest-bearing Liabs 700,227 769,583 780,650 784,604
Avg Noninterest-bearing Deposits 153,185 160,060 165,416 168,388
Avg Total Deposits 799,729 871,897 890,471 897,415
Avg Preferred Equity 0 0 0 0
Avg Common Equity 101,752 107,677 109,974 111,287
Avg Equity 101,752 107,677 109,974 111,287
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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