Investor Relations

Balance Sheet

Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Assets ($000)
Cash and Due from Banks 9,699 7,580 8,118 NA
Fed Funds Sold 20,148 9,313 18,479 NA
Deposits at Financial Institutions 5,353 5,282 5,832 NA
Securities Purchased, to Resell 0 0 0 NA
Other Cash & Cash Equivalents 0 0 0 NA
Cash and Cash Equivalents 35,200 22,175 32,429 48,038
Trading Account Securities 0 0 0 0
Available for Sale Securities 42,950 48,014 46,657 45,384
Held to Maturity Securities 0 0 0 0
Other Securities 274 355 355 355
Total Cash & Securities 78,424 70,544 79,441 93,777
Gross Loans Held for Investment 228,650 275,996 289,014 293,774
Loan Loss Reserve 2,908 3,385 3,541 3,661
Loans Held for Sale, before Reserves 2,695 6,394 7,321 4,767
Total Net Loans 228,437 279,005 292,794 294,880
Real Estate Owned and Held for Investment 0 0 0 0
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 5,091 4,936 4,828 4,656
Interest Receivable 782 985 1,027 1,034
Prepaid Expense 324 NA NA NA
Bank-owned Life Insurance 1,723 1,768 1,778 6,323
Other Assets 748 1,060 1,137 1,032
Total Other Assets 8,668 8,749 8,770 13,045
Total Assets 315,529 358,298 381,005 401,702
Memo: Consolidated VIE Assets 0 NA NA NA
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 286,249 309,282 331,823 349,067
FHLB Borrowings 0 0 0 0
Senior Debt 0 0 0 0
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 0 0 0 0
Total Other Liabilities 1,718 2,076 1,246 1,815
Total Liabilities 287,967 311,358 333,069 350,882
Memo: Consolidated VIE Liabilities 0 NA NA NA
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 27,562 46,940 47,936 50,820
Equity Attributable to Parent Company 27,562 46,940 47,936 50,820
Noncontrolling Interests 0 0 0 0
Total Equity 27,562 46,940 47,936 50,820
Net Unrealized Gain (185) (841) (922) NA
Tot Acc Other Comprehensive Inc (185) (841) (922) NA
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 72.47 77.03 75.86 73.13
Loans/ Deposits 79.88 89.24 87.10 84.16
Loan Loss Reserves/ Gross Loans 1.26 1.20 1.19 1.23
Reserves/ Loans Held For Investment 1.27 1.23 1.23 1.25
One Year Gap/ Assets NA NA NA NA
1-4 Loans Serviced for Others($000) 0 0 0 0
Level 1 Assets($000) 0 0 0 NA
Level 2 Assets($000) 42,950 48,014 46,657 NA
Level 3 Assets($000) 0 0 0 NA
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) 67 71 71 79
Annualized Growth Rates (%)
Asset Growth 15.25 12.81 25.35 15.70
Gross Loans HFI Growth 5.33 35.68 18.87 15.94
Deposit Growth 15.84 14.73 29.15 17.02
Average Balances ($000)
Avg Gross Loans HFI 227,144 266,280 281,636 283,975
Avg Loans HFS 2,268 5,250 5,120 5,615
Average Loans, Gross of Reserves 229,412 271,530 286,756 288,909
Avg Securities 36,148 49,483 47,336 NA
Avg Other Int Earn Assets 30,404 17,417 16,972 NA
Avg Secs & Other Int Earn Assets 66,552 66,900 64,308 76,934
Avg Interest Earning Assets 295,964 338,430 351,064 365,843
Avg Assets 307,152 350,946 363,544 378,301
Avg CDs 19,264 22,458 27,592 NA
Avg Other Interest-bearing Deposits 194,599 208,107 211,513 NA
Avg Interest-bearing Deposits 213,863 230,565 239,105 251,586
Avg Debt 0 0 0 0
Avg Interest-bearing Liabs 213,863 230,565 239,105 251,586
Avg Noninterest-bearing Deposits 64,515 72,030 75,932 NA
Avg Total Deposits 278,378 302,595 315,037 328,642
Avg Preferred Equity 0 0 0 0
Avg Common Equity 27,235 46,760 47,196 48,041
Avg Equity 27,235 46,760 47,196 48,041
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