Balance Sheet


Financial Highlights
2020 FQ2 YTD
6/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Assets ($000)
Cash and Due from Banks NA 27,358 14,822 10,289 11,596
Fed Funds Sold NA 0 0 0 0
Deposits at Financial Institutions NA 22,305 41,698 30,676 25,053
Securities Purchased, to Resell NA 0 0 0 0
Other Cash & Cash Equivalents NA 0 0 0 0
Cash and Cash Equivalents 112,489 49,663 56,519 40,965 36,649
Trading Account Securities 0 0 0 0 0
Available for Sale Securities NA 4,565 3,312 5,388 5,833
Held to Maturity Securities 0 0 0 0 0
Other Securities NA 940 843 778 724
Total Cash & Securities 119,398 55,168 60,675 47,132 43,206
Gross Loans Held for Investment 592,994 444,047 347,228 280,549 230,344
Loan Loss Reserve 7,410 6,598 5,135 4,046 3,376
Loans Held for Sale, before Reserves 0 0 0 0 0
Total Net Loans 585,584 437,449 342,093 276,503 226,968
Real Estate Owned and Held for Investment 0 0 628 628 658
Goodwill 0 0 0 0 0
Core Deposit Intangibles 0 0 0 0 0
Other Intangibles 0 0 0 0 0
Intangible Assets other than Goodwill 0 0 0 0 0
Total Intangible Assets 0 0 0 0 0
Loan Servicing Rights 0 0 0 0 0
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights 0 0 0 0 0
Total Servicing Rights 0 0 0 0 0
Fixed Assets 6,143 6,740 5,772 4,834 4,927
Interest Receivable 2,136 1,690 1,398 1,034 828
Prepaid Expense 403 367 220 NA 192
Bank-owned Life Insurance 3,944 3,895 3,801 3,708 3,656
Other Assets 2,491 2,070 1,882 1,850 1,562
Total Other Assets 15,117 14,762 13,072 11,427 11,166
Total Assets 720,099 507,378 416,468 335,689 281,997
Memo: Consolidated VIE Assets 0 0 0 0 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 587,948 451,467 371,404 298,613 253,710
FHLB Borrowings 0 0 0 0 0
Senior Debt 53,158 2,196 1,609 136 1,632
Trust Preferred (FAS 150) 0 0 0 0 0
Total Subordinated Debt 0 0 0 0 0
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 53,158 2,196 1,609 136 1,632
Total Other Liabilities 21,572 6,891 2,890 2,407 1,764
Total Liabilities 662,677 460,553 375,903 301,156 257,105
Memo: Consolidated VIE Liabilities 0 0 0 0 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 0 0 0 0 0
Total Preferred Equity 0 0 0 0 0
Common Equity 57,422 46,826 40,564 34,534 24,892
Equity Attributable to Parent Company 57,422 46,826 40,564 34,534 24,892
Noncontrolling Interests 0 0 0 0 0
Total Equity 57,422 46,826 40,564 34,534 24,892
Net Unrealized Gain 32 3 (23) (8) (7)
Tot Acc Other Comprehensive Inc 32 3 (23) (8) (7)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 82.35 87.52 83.37 83.57 81.68
Loans/ Deposits 100.86 98.36 93.49 93.95 90.79
Loan Loss Reserves/ Gross Loans 1.25 1.49 1.48 1.44 1.47
Reserves/ Loans Held For Investment 1.25 1.49 1.48 1.44 1.47
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) NA NA NA NA 0
Level 1 Assets($000) NA 0 0 0 0
Level 2 Assets($000) NA 0 0 0 0
Level 3 Assets($000) NA 674 867 1,370 1,289
Level 1 Liabilities($000) NA NA NA NA NA
Level 2 Liabilities($000) NA NA NA NA NA
Level 3 Liabilities($000) NA NA NA NA NA
FTE Employees(actual) 95 93 75 58 48
Annualized Growth Rates (%)
Asset Growth 83.85 21.83 24.06 19.04 19.34
Gross Loans HFI Growth 67.09 27.88 23.77 21.80 23.04
Deposit Growth 60.46 21.56 24.38 17.70 20.97
Average Balances ($000)
Avg Gross Loans HFI 507,084 394,793 314,739 255,450 205,883
Avg Loans HFS 0 0 0 0 0
Average Loans, Gross of Reserves 507,084 394,823 314,758 255,450 205,883
Avg Securities NA NA NA NA NA
Avg Other Int Earn Assets NA NA NA NA NA
Avg Secs & Other Int Earn Assets 87,896 37,022 36,826 35,143 26,133
Avg Interest Earning Assets 594,980 431,845 351,584 290,593 232,016
Avg Assets 601,667 458,716 379,011 311,333 256,103
Avg CDs NA 36,345 32,657 NA 24,898
Avg Other Interest-bearing Deposits NA 281,825 216,320 NA 134,701
Avg Interest-bearing Deposits NA 318,170 248,977 NA 159,599
Avg Debt NA 1,711 1,717 NA 1,697
Avg Interest-bearing Liabs NA 319,881 250,694 NA 161,296
Avg Noninterest-bearing Deposits NA 88,802 91,085 NA 68,111
Avg Total Deposits 509,741 406,972 340,062 277,888 227,710
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 50,030 43,177 34,981 31,835 23,243
Avg Equity 50,030 43,177 34,981 31,835 23,243
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