Balance Sheet


Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Assets ($000)
Cash and Due from Banks 9,626 9,985 NA 14,822
Fed Funds Sold 0 0 0 0
Deposits at Financial Institutions 32,735 41,780 NA 41,698
Securities Purchased, to Resell 0 0 0 0
Other Cash & Cash Equivalents 0 0 NA 0
Cash and Cash Equivalents 42,362 51,765 48,761 56,519
Trading Account Securities 0 0 0 0
Available for Sale Securities 6,095 4,669 NA 3,312
Held to Maturity Securities 0 0 0 0
Other Securities 778 843 NA 843
Total Cash & Securities 49,235 57,277 56,112 60,675
Gross Loans Held for Investment 237,097 301,706 318,740 347,228
Loan Loss Reserve 3,497 4,418 4,718 5,135
Loans Held for Sale, before Reserves 0 0 0 0
Total Net Loans 233,600 297,289 314,022 342,093
Real Estate Owned and Held for Investment 658 628 628 628
Goodwill 0 0 0 0
Core Deposit Intangibles 0 0 0 0
Other Intangibles 0 0 0 0
Intangible Assets other than Goodwill 0 0 0 0
Total Intangible Assets 0 0 0 0
Loan Servicing Rights 0 0 0 0
Credit Card Rights 0 0 0 0
Other Loan Servicing Rights 0 0 0 0
Total Servicing Rights 0 0 0 0
Fixed Assets 4,855 4,912 5,198 5,772
Interest Receivable 875 1,123 1,184 1,398
Prepaid Expense NA NA NA 220
Bank-owned Life Insurance 3,668 3,730 3,753 3,801
Other Assets 1,940 3,728 1,609 1,882
Total Other Assets 11,338 13,493 11,744 13,072
Total Assets 294,831 368,687 382,506 416,468
Memo: Consolidated VIE Assets 0 0 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 259,874 328,768 341,646 371,404
FHLB Borrowings 0 0 0 0
Senior Debt 1,842 2,218 1,860 1,609
Trust Preferred (FAS 150) 0 0 0 0
Total Subordinated Debt 0 0 0 0
Redeemable Financial Instruments (FAS 150) 0 0 0 0
Total Debt 1,842 2,218 1,860 1,609
Total Other Liabilities 1,754 2,013 2,050 2,890
Total Liabilities 263,471 332,999 345,556 375,903
Memo: Consolidated VIE Liabilities 0 0 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 0 0 0 0
Total Preferred Equity 0 0 0 0
Common Equity 31,360 35,688 36,950 40,564
Equity Attributable to Parent Company 31,360 35,688 36,950 40,564
Noncontrolling Interests 0 0 0 0
Total Equity 31,360 35,688 36,950 40,564
Net Unrealized Gain 7 (31) (31) (23)
Tot Acc Other Comprehensive Inc 7 (31) (31) (23)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 80.42 81.83 83.33 83.37
Loans/ Deposits 91.24 91.77 93.30 93.49
Loan Loss Reserves/ Gross Loans 1.47 1.46 1.48 1.48
Reserves/ Loans Held For Investment 1.47 1.46 1.48 1.48
One Year Gap/ Assets NA NA NA NA
1-4 Loans Serviced for Others($000) NA NA NA NA
Level 1 Assets($000) NA NA NA 0
Level 2 Assets($000) NA NA NA 0
Level 3 Assets($000) NA NA NA 867
Level 1 Liabilities($000) NA NA NA NA
Level 2 Liabilities($000) NA NA NA NA
Level 3 Liabilities($000) NA NA NA NA
FTE Employees(actual) 50 69 70 75
Annualized Growth Rates (%)
Asset Growth 18.20 39.32 14.99 24.06
Gross Loans HFI Growth 11.73 30.17 22.58 23.77
Deposit Growth 9.72 40.39 15.67 24.38
Average Balances ($000)
Avg Gross Loans HFI 236,338 294,651 309,236 314,739
Avg Loans HFS 0 0 0 0
Average Loans, Gross of Reserves 236,338 294,651 309,236 314,739
Avg Securities 5,927 5,002 4,546 NA
Avg Other Int Earn Assets 18,810 12,983 13,370 NA
Avg Secs & Other Int Earn Assets 24,737 17,985 17,916 57,183
Avg Interest Earning Assets 261,075 312,636 327,152 371,922
Avg Assets 279,952 353,448 375,239 380,474
Avg CDs 24,530 42,739 44,636 NA
Avg Other Interest-bearing Deposits 156,990 192,602 207,591 NA
Avg Interest-bearing Deposits 181,520 235,341 252,227 NA
Avg Debt 1,709 1,785 1,749 NA
Avg Interest-bearing Liabs 183,229 237,126 253,976 NA
Avg Noninterest-bearing Deposits NA NA NA NA
Avg Total Deposits 256,792 313,691 335,207 340,073
Avg Preferred Equity 0 0 0 0
Avg Common Equity 28,126 35,111 36,319 37,153
Avg Equity 28,126 35,111 36,319 37,153
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.