Balance Sheet


Financial Highlights
2019 FQ2 YTD
6/30/2019
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 14,822 10,289 11,596 16,980
Fed Funds Sold 15,545 0 0 0 0
Deposits at Financial Institutions NA 41,698 30,676 25,053 17,409
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 53,099 56,519 40,965 36,649 34,389
Trading Account Securities 0 0 0 0 0
Available for Sale Securities NA 3,312 5,388 5,833 5,640
Held to Maturity Securities 0 0 0 0 0
Other Securities NA 843 778 724 655
Total Cash & Securities 58,490 60,675 47,132 43,206 40,684
Gross Loans Held for Investment 395,716 347,228 280,549 230,344 187,206
Loan Loss Reserve 6,002 5,135 4,046 3,376 2,796
Loans Held for Sale, before Reserves 0 0 0 0 0
Total Net Loans 389,714 342,093 276,503 226,968 184,410
Real Estate Owned and Held for Investment 0 628 628 658 660
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 6,083 5,772 4,834 4,927 5,158
Interest Receivable 1,585 1,398 1,034 828 676
Prepaid Expense 260 220 NA 192 131
Bank-owned Life Insurance 3,847 3,801 3,708 3,656 3,088
Other Assets 1,848 1,882 1,850 1,562 1,498
Total Other Assets 13,623 13,072 11,427 11,166 10,551
Total Assets 461,827 416,468 335,689 281,997 236,305
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 408,950 371,404 298,613 253,710 209,729
FHLB Borrowings 0 0 0 0 0
Senior Debt 1,322 1,609 136 1,632 1,442
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 1,322 1,609 136 1,632 1,442
Total Other Liabilities 7,983 2,890 2,407 1,764 3,380
Total Liabilities 418,255 375,903 301,156 257,105 214,551
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 43,572 40,564 34,534 24,892 21,754
Equity Attributable to Parent Company 43,572 40,564 34,534 24,892 21,754
Noncontrolling Interests 0 0 0 0 0
Total Equity 43,572 40,564 34,534 24,892 21,754
Net Unrealized Gain 14 (23) (8) (7) 8
Tot Acc Other Comprehensive Inc 14 (23) (8) (7) 8
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 85.68 83.37 83.57 81.68 79.22
Loans/ Deposits 96.76 93.49 93.95 90.79 89.26
Loan Loss Reserves/ Gross Loans 1.52 1.48 1.44 1.47 1.49
Reserves/ Loans Held For Investment 1.52 1.48 1.44 1.47 1.49
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) NA NA NA 0 0
Level 1 Assets($000) NA 0 0 0 0
Level 2 Assets($000) NA 0 0 0 42,462
Level 3 Assets($000) NA 867 1,370 1,289 1,225
Level 1 Liabilities($000) NA NA NA NA 0
Level 2 Liabilities($000) NA NA NA NA 1,664
Level 3 Liabilities($000) NA NA NA NA 0
FTE Employees(actual) 88 75 58 48 44
Annualized Growth Rates (%)
Asset Growth 21.78 24.06 19.04 19.34 31.82
Gross Loans HFI Growth 27.93 23.77 21.80 23.04 25.41
Deposit Growth 20.22 24.38 17.70 20.97 32.97
Average Balances ($000)
Avg Gross Loans HFI 366,584 314,739 255,450 205,883 166,573
Avg Loans HFS 0 0 0 0 0
Average Loans, Gross of Reserves 366,584 314,739 255,450 205,883 166,573
Avg Securities NA NA NA NA NA
Avg Other Int Earn Assets NA NA NA NA NA
Avg Secs & Other Int Earn Assets 68,496 57,183 26,601 26,133 20,590
Avg Interest Earning Assets 435,080 371,922 282,051 232,016 187,163
Avg Assets 427,903 380,474 311,333 256,103 206,462
Avg CDs NA NA NA 24,898 15,535
Avg Other Interest-bearing Deposits NA NA NA 134,701 114,013
Avg Interest-bearing Deposits NA NA NA 159,599 129,548
Avg Debt NA NA NA 1,697 1,485
Avg Interest-bearing Liabs NA NA NA 161,296 131,033
Avg Noninterest-bearing Deposits NA NA NA 68,111 52,890
Avg Total Deposits 395,257 340,073 277,888 227,710 182,438
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 42,019 37,153 31,835 23,243 19,116
Avg Equity 42,019 37,153 31,835 23,243 19,116
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.