Investor Relations

Balance Sheet

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 12,519 7,866 6,971 4,817 3,528
Fed Funds Sold 45,830 34,777 20,148 25,963 4,657
Deposits at Financial Institutions 25,929 5,395 5,278 5,385 244
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 84,278 48,038 32,397 36,165 8,429
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 55,773 45,384 49,809 33,103 38,063
Held to Maturity Securities 0 0 0 0 0
Other Securities 404 355 316 220 189
Total Cash & Securities 140,455 93,777 82,522 69,488 46,681
Gross Loans Held for Investment 319,789 293,774 253,395 225,644 189,549
Loan Loss Reserve 3,982 3,661 3,136 2,876 2,473
Loans Held for Sale, before Reserves 7,907 4,767 5,880 3,291 2,722
Total Net Loans 323,714 294,880 256,139 226,059 189,798
Real Estate Owned and Held for Investment 0 0 0 0 0
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 11,506 4,656 4,872 4,929 4,222
Interest Receivable 1,073 1,034 978 798 692
Prepaid Expense NA NA NA 333 NA
Bank-owned Life Insurance 6,459 6,323 1,757 1,711 1,662
Other Assets 859 1,032 912 623 989
Total Other Assets 19,897 13,045 8,519 8,394 7,565
Total Assets 484,066 401,702 347,180 303,941 244,044
Memo: Consolidated VIE Assets NA NA NA 0 NA
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 421,197 349,067 298,297 275,347 217,573
FHLB Borrowings 0 0 0 0 0
Senior Debt 5,854 0 0 0 0
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 5,854 0 0 0 0
Total Other Liabilities 1,988 1,815 1,910 1,512 1,538
Total Liabilities 429,039 350,882 300,207 276,859 219,111
Memo: Consolidated VIE Liabilities NA NA NA 0 NA
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 55,027 50,820 46,973 27,082 24,933
Equity Attributable to Parent Company 55,027 50,820 46,973 27,082 24,933
Noncontrolling Interests 0 0 0 0 0
Total Equity 55,027 50,820 46,973 27,082 24,933
Net Unrealized Gain 375 (556) (296) (233) 56
Tot Acc Other Comprehensive Inc 375 (556) (296) (233) 56
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 66.06 73.13 72.99 74.24 77.67
Loans/ Deposits 75.92 84.16 84.95 81.95 87.12
Loan Loss Reserves/ Gross Loans 1.22 1.23 1.21 1.26 1.29
Reserves/ Loans Held For Investment 1.25 1.25 1.24 1.27 1.30
One Year Gap/ Assets NA NA NA NA 27.63
1-4 Loans Serviced for Others($000) 0 0 0 0 0
Level 1 Assets($000) 0 0 0 0 0
Level 2 Assets($000) 55,773 45,384 49,809 33,103 38,063
Level 3 Assets($000) 0 0 0 0 0
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) 90 79 71 64 56
Annualized Growth Rates (%)
Asset Growth 27.34 15.70 14.23 24.54 16.01
Gross Loans HFI Growth 11.81 15.94 12.30 19.04 23.11
Deposit Growth 27.55 17.02 8.33 26.55 18.26
Average Balances ($000)
Avg Gross Loans HFI 302,660 283,967 240,875 211,665 170,069
Avg Loans HFS 6,297 5,385 4,040 2,725 1,756
Average Loans, Gross of Reserves 308,957 289,352 244,915 214,390 171,825
Avg Securities 50,181 46,866 43,828 35,157 40,687
Avg Other Int Earn Assets 58,292 29,625 31,237 16,569 9,023
Avg Secs & Other Int Earn Assets 108,473 76,491 75,065 51,726 49,710
Avg Interest Earning Assets 417,430 365,843 319,980 266,116 221,535
Avg Assets 441,604 379,288 331,682 275,575 229,682
Avg CDs 49,140 32,665 21,403 21,643 22,191
Avg Other Interest-bearing Deposits 247,340 218,921 198,642 167,095 131,327
Avg Interest-bearing Deposits 296,480 251,586 220,045 188,738 153,518
Avg Debt 432 0 8 325 3,774
Avg Interest-bearing Liabs 296,912 251,586 220,053 189,063 157,292
Avg Noninterest-bearing Deposits 87,937 78,061 70,856 59,192 47,306
Avg Total Deposits 384,417 329,647 290,901 247,930 200,824
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 52,441 47,932 39,283 26,087 23,814
Avg Equity 52,441 47,932 39,283 26,087 23,814
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.