Financial Highlights

Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Assets ($000)
Cash and Due from Banks NA NA NA NA
Fed Funds Sold NA NA NA NA
Deposits at Financial Institutions NA NA NA NA
Securities Purchased, to Resell NA NA NA NA
Other Cash & Cash Equivalents NA NA NA NA
Cash and Cash Equivalents 45,740 48,329 24,413 48,363
Trading Account Securities NA NA 1,415 687
Available for Sale Securities 107,937 91,987 89,911 90,969
Held to Maturity Securities 0 0 0 0
Other Securities 3,748 3,748 3,748 4,123
Total Cash & Securities NA NA 119,488 144,142
Gross Loans Held for Investment 626,722 707,207 753,285 771,883
Loan Loss Reserve 7,679 8,219 8,494 8,167
Loans Held for Sale, before Reserves 5,104 8,893 7,551 4,445
Total Net Loans 624,147 707,881 752,342 768,161
Real Estate Owned and Held for Investment 950 70 16 131
Goodwill 16,352 16,353 16,353 16,353
Core Deposit Intangibles NA NA NA 10
Other Intangibles NA NA NA 38
Intangible Assets other than Goodwill 67 56 53 48
Total Intangible Assets 16,419 16,409 16,406 16,401
Loan Servicing Rights 8,727 10,196 10,633 11,365
Credit Card Rights 0 0 0 0
Other Loan Servicing Rights 0 0 0 0
Total Servicing Rights 8,727 10,196 10,633 11,365
Fixed Assets 19,909 21,776 21,683 22,084
Interest Receivable 1,462 1,925 2,000 2,822
Prepaid Expense NA NA 206 NA
Bank-owned Life Insurance 13,791 16,567 16,656 16,834
Other Assets 4,018 6,753 5,355 4,888
Total Other Assets 39,180 47,021 45,900 46,628
Total Assets 846,848 925,641 944,785 986,828
Memo: Consolidated VIE Assets NA NA 0 0
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 712,915 748,795 752,879 802,552
FHLB Borrowings 15,500 18,500 26,500 16,000
Senior Debt 27,296 33,005 44,691 31,184
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 37,606 43,315 55,001 41,494
Total Other Liabilities 8,299 10,632 11,801 12,347
Total Liabilities 758,820 802,742 819,681 856,393
Memo: Consolidated VIE Liabilities NA NA 0 0
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 13,983 13,983 13,983 13,979
Total Preferred Equity 13,983 13,983 13,983 13,979
Common Equity 74,045 108,916 111,121 116,456
Equity Attributable to Parent Company 88,028 122,899 125,104 130,435
Noncontrolling Interests 0 0 0 0
Total Equity 88,028 122,899 125,104 130,435
Net Unrealized Gain 136 (941) (1,240) (552)
Tot Acc Other Comprehensive Inc 136 (941) (1,240) (552)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 74.01 76.40 79.73 78.22
Loans/ Deposits 87.91 94.45 100.05 96.18
Loan Loss Reserves/ Gross Loans 1.22 1.15 1.12 1.05
Reserves/ Loans Held For Investment 1.23 1.16 1.13 1.06
One Year Gap/ Assets NA NA NA (12.28)
1-4 Loans Serviced for Others($000) 917,435 1,004,728 1,030,780 1,084,678
Level 1 Assets($000) 0 0 0 0
Level 2 Assets($000) 108,548 93,131 91,326 91,656
Level 3 Assets($000) 2,995 991 1,115 4,218
Level 1 Liabilities($000) 0 0 0 0
Level 2 Liabilities($000) 611 1,144 1,415 687
Level 3 Liabilities($000) 0 0 0 0
FTE Employees(actual) 231 240 241 250
Annualized Growth Rates (%)
Asset Growth 15.12 22.36 8.27 12.57
Gross Loans HFI Growth (10.99) 6.08 26.06 10.80
Deposit Growth 23.68 10.52 2.18 10
Average Balances ($000)
Avg Gross Loans HFI 635,578 701,911 730,246 741,610
Avg Loans HFS 4,769 6,417 8,222 6,881
Average Loans, Gross of Reserves 637,490 711,733 724,710 749,055
Avg Securities 96,888 90,625 92,560 96,617
Avg Other Int Earn Assets 0 0 0 0
Avg Secs & Other Int Earn Assets 96,888 90,625 92,560 96,617
Avg Interest Earning Assets 734,378 802,358 817,270 845,672
Avg Assets 827,514 906,281 922,355 947,266
Avg CDs 203,113 214,645 214,928 225,467
Avg Other Interest-bearing Deposits 358,542 389,809 393,507 401,577
Avg Interest-bearing Deposits 561,655 604,454 608,435 627,044
Avg Debt 47,083 46,934 46,611 48,876
Avg Interest-bearing Liabs 608,738 651,388 655,046 675,920
Avg Noninterest-bearing Deposits 121,984 134,413 131,442 137,253
Avg Total Deposits 683,639 738,867 739,877 764,297
Avg Preferred Equity 13,983 13,983 13,983 13,982
Avg Common Equity 73,361 94,679 110,007 107,112
Avg Equity 87,344 108,662 123,990 121,094
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