Financial Highlights

Financial Highlights
2019 FQ3 YTD
9/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Assets ($000)
Cash and Due from Banks NA NA NA NA NA
Fed Funds Sold NA NA NA NA NA
Deposits at Financial Institutions NA NA NA NA NA
Securities Purchased, to Resell NA NA NA NA NA
Other Cash & Cash Equivalents NA NA NA NA NA
Cash and Cash Equivalents 49,824 48,363 26,616 17,012 20,459
Trading Account Securities 4,233 687 NA NA 490
Available for Sale Securities 77,029 90,969 82,790 90,128 89,789
Held to Maturity Securities 0 0 0 0 0
Other Securities 4,648 4,123 3,748 3,748 3,748
Total Cash & Securities 135,734 144,142 NA NA 114,486
Gross Loans Held for Investment 823,367 771,883 696,615 644,433 557,659
Loan Loss Reserve 8,492 8,167 7,930 7,725 6,990
Loans Held for Sale, before Reserves 13,655 4,445 3,940 4,434 7,516
Total Net Loans 828,530 768,161 692,625 641,142 558,185
Real Estate Owned and Held for Investment 489 131 26 994 286
Goodwill 17,792 16,353 16,353 16,352 16,353
Core Deposit Intangibles NA 10 16 23 30
Other Intangibles NA 38 42 47 52
Intangible Assets other than Goodwill 42 48 58 70 82
Total Intangible Assets 17,834 16,401 16,411 16,422 16,435
Loan Servicing Rights 10,447 11,365 9,907 8,422 7,152
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights 0 0 0 0 0
Total Servicing Rights 10,447 11,365 9,907 8,422 7,152
Fixed Assets 24,198 22,084 21,277 19,129 19,010
Interest Receivable 3,176 2,822 1,825 1,512 1,260
Prepaid Expense NA NA NA NA 831
Bank-owned Life Insurance 17,137 16,834 16,479 13,725 13,437
Other Assets 5,216 4,888 4,923 3,771 1,989
Total Other Assets 49,727 46,628 44,504 38,137 36,527
Total Assets 1,042,761 986,828 876,627 816,005 733,071
Memo: Consolidated VIE Assets 0 0 NA NA 0
Memo: Covered Loans 0 0 0 0 0
Memo: Covered OREO 0 0 0 0 0
Memo: Covered Securities 0 0 0 0 0
Memo: Covered Assets 0 0 0 0 0
Liabilities ($000)
Total Deposits 847,954 802,552 729,600 673,073 586,453
FHLB Borrowings 16,000 16,000 18,500 26,500 35,000
Senior Debt 30,959 31,184 33,582 37,032 47,406
Trust Preferred (FAS 150) 10,310 10,310 10,310 10,310 10,310
Total Subordinated Debt 10,310 10,310 10,310 10,310 10,310
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 41,269 41,494 43,892 47,342 57,716
Total Other Liabilities 19,292 12,347 9,135 9,042 7,661
Total Liabilities 908,515 856,393 782,627 729,457 651,830
Memo: Consolidated VIE Liabilities 0 0 NA NA 0
Mezzanine ($000)
Redeemable Preferred 0 0 0 0 0
Trust Preferred Securities 0 0 0 0 0
Total Minority Interest 0 0 0 0 0
Other Mezzanine Items 0 0 0 0 0
Total Mezzanine Level Items 0 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0 0
Other Preferred Equity 13,241 13,979 13,983 13,983 13,983
Total Preferred Equity 13,241 13,979 13,983 13,983 13,983
Common Equity 121,005 116,456 80,017 72,565 67,258
Equity Attributable to Parent Company 134,246 130,435 94,000 86,548 81,241
Noncontrolling Interests 0 0 0 0 0
Total Equity 134,246 130,435 94,000 86,548 81,241
Net Unrealized Gain 900 (552) (141) 51 650
Tot Acc Other Comprehensive Inc 900 (552) (141) 51 650
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 78.96 78.22 79.47 78.97 76.07
Loans/ Deposits 97.10 96.18 95.48 95.74 95.09
Loan Loss Reserves/ Gross Loans 1.01 1.05 1.13 1.19 1.24
Reserves/ Loans Held For Investment 1.03 1.06 1.14 1.20 1.25
One Year Gap/ Assets NA (12.28) (7.65) (5.69) (4.88)
1-4 Loans Serviced for Others($000) 1,153,020 1,084,678 994,915 899,710 772,533
Level 1 Assets($000) 0 0 0 0 0
Level 2 Assets($000) 81,262 91,656 83,488 90,751 90,279
Level 3 Assets($000) 5,841 4,218 2,472 2,779 5,596
Level 1 Liabilities($000) 0 0 0 0 0
Level 2 Liabilities($000) 4,233 687 698 623 490
Level 3 Liabilities($000) 0 0 0 0 0
FTE Employees(actual) 247 250 240 227 214
Annualized Growth Rates (%)
Asset Growth 7.56 12.57 7.43 11.31 7.14
Gross Loans HFI Growth 8.89 10.80 8.10 15.56 8
Deposit Growth 7.54 10 8.40 14.77 6.45
Average Balances ($000)
Avg Gross Loans HFI 798,219 741,610 655,978 600,577 528,018
Avg Loans HFS 7,658 6,881 6,598 6,793 8,398
Average Loans, Gross of Reserves 803,431 749,055 660,675 603,875 531,614
Avg Securities 104,853 96,617 99,006 94,666 96,433
Avg Other Int Earn Assets 0 0 0 0 0
Avg Secs & Other Int Earn Assets 104,853 96,617 99,006 94,666 96,433
Avg Interest Earning Assets 908,284 845,672 759,681 698,541 628,047
Avg Assets 1,020,074 947,266 854,569 789,045 719,586
Avg CDs 261,362 225,467 214,639 184,640 162,245
Avg Other Interest-bearing Deposits 426,436 401,577 369,114 345,302 309,169
Avg Interest-bearing Deposits 687,798 627,044 583,753 529,942 471,414
Avg Debt 42,158 48,876 42,660 49,229 56,055
Avg Interest-bearing Liabs 729,956 675,920 626,413 579,171 527,469
Avg Noninterest-bearing Deposits 141,537 137,253 127,747 115,905 104,426
Avg Total Deposits 829,335 764,297 711,500 645,847 575,840
Avg Preferred Equity 13,771 13,982 13,983 13,983 13,983
Avg Common Equity 118,694 107,112 75,555 70,557 64,635
Avg Equity 132,465 121,094 89,538 84,540 78,618
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.