Balance Sheet


Financial Highlights
2020 FQ1 YTD
3/31/2020
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 81,264 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 88,508 55,168 60,675 47,132 43,206
Gross Loans Held for Investment 471,238 444,047 347,228 280,549 230,344
Loan Loss Reserve 7,042 6,598 5,135 4,046 3,376
Loans Held for Sale, before Reserves 0 0 0 0 0
Total Net Loans 464,196 437,449 342,093 276,503 226,968
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 6,221 6,740 5,772 4,834 4,927
Interest Receivable 1,721 1,690 1,398 1,034 828
Prepaid Expense NA 367 220 NA 192
Bank-owned Life Insurance 3,920 3,895 3,801 3,708 3,656
Other Assets 2,899 2,070 1,882 1,850 1,562
Total Other Assets 14,761 14,762 13,072 11,427 11,166
Total Assets 567,465 507,378 416,468 335,689 281,997
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 499,775 451,467 371,404 298,613 253,710
FHLB Borrowings 0 0 0 0 0
Senior Debt 1,984 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 1,984 2,196 1,609 136 1,632
Total Other Liabilities 17,770 6,891 2,890 2,407 1,764
Total Liabilities 519,529 460,553 375,903 301,156 257,105
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 47,936 46,826 40,564 34,534 24,892
Equity Attributable to Parent Company 47,936 46,826 40,564 34,534 24,892
Noncontrolling Interests 0 0 0 0 0
Total Equity 47,936 46,826 40,564 34,534 24,892
Net Unrealized Gain 17 3 (23) (8) (7)
Tot Acc Other Comprehensive Inc 17 3 (23) (8) (7)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 83.04 87.52 83.37 83.57 81.68
Loans/ Deposits 94.29 98.36 93.49 93.95 90.79
Loan Loss Reserves/ Gross Loans 1.49 1.49 1.48 1.44 1.47
Reserves/ Loans Held For Investment 1.49 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 47.37 21.83 24.06 19.04 19.34
Gross Loans HFI Growth 24.49 27.88 23.77 21.80 23.04
Deposit Growth 42.80 21.56 24.38 17.70 20.97
Average Balances ($000)
Avg Gross Loans HFI 452,046 394,793 314,739 255,450 205,883
Avg Loans HFS 0 0 0 0 0
Average Loans, Gross of Reserves 452,046 394,823 314,758 255,450 205,883
Avg Securities 4,292 NA NA NA NA
Avg Other Int Earn Assets 50,803 NA NA NA NA
Avg Secs & Other Int Earn Assets 55,095 37,022 36,826 35,143 26,133
Avg Interest Earning Assets 507,141 431,845 351,584 290,593 232,016
Avg Assets 526,599 458,716 379,011 311,333 256,103
Avg CDs 37,004 36,345 32,657 NA 24,898
Avg Other Interest-bearing Deposits 343,263 281,825 216,320 NA 134,701
Avg Interest-bearing Deposits 380,267 318,170 248,977 NA 159,599
Avg Debt 1,662 1,711 1,717 NA 1,697
Avg Interest-bearing Liabs 381,929 319,881 250,694 NA 161,296
Avg Noninterest-bearing Deposits NA 88,802 91,085 NA 68,111
Avg Total Deposits 475,621 406,972 340,062 277,888 227,710
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 47,381 43,177 34,981 31,835 23,243
Avg Equity 47,381 43,177 34,981 31,835 23,243
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