Balance Sheet

Financial Highlights
12/31/2013
12/31/2014
12/31/2015
12/31/2016
Assets ($000)
Cash and Due from Banks 28,907 13,403 14,302 14,846
Fed Funds Sold 0 0 0 0
Deposits at Financial Institutions 20,363 28,581 27,981 17,021
Securities Purchased, to Resell 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0
Cash and Cash Equivalents 49,270 41,984 42,283 31,867
Trading Account Securities 0 0 0 0
Available for Sale Securities 106,411 68,213 70,256 162,368
Held to Maturity Securities 56,670 54,538 52,859 0
Other Securities 6,267 5,218 8,591 5,840
Total Cash & Securities 218,618 169,953 173,989 200,075
Gross Loans Held for Investment 622,305 798,297 1,032,170 1,052,865
Loan Loss Reserve 4,935 6,223 8,006 9,101
Loans Held for Sale, before Reserves 90,060 69,527 102,623 90,174
Total Net Loans 707,430 861,601 1,126,787 1,133,938
Real Estate Owned and Held for Investment 375 575 239 414
Goodwill 17,779 17,779 18,480 18,480
Core Deposit Intangibles 12 1 845 744
Other Intangibles 0 0 0 0
Intangible Assets other than Goodwill 12 1 845 744
Total Intangible Assets 17,791 17,780 19,325 19,224
Loan Servicing Rights 1,417 1,423 956 190
Credit Card Rights 0 0 0 0
Other Loan Servicing Rights 0 0 0 0
Total Servicing Rights 1,417 1,423 956 190
Fixed Assets 16,919 25,472 26,275 25,081
Interest Receivable 2,764 2,387 3,356 3,951
Prepaid Expense NA NA NA NA
Bank-owned Life Insurance 16,062 21,679 22,332 22,970
Other Assets 5,684 9,589 11,217 12,961
Total Other Assets 41,429 59,127 63,180 64,963
Total Assets 987,060 1,110,459 1,384,476 1,418,804
Memo: Consolidated VIE Assets 0 0 0 0
Memo: Covered Loans 0 0 0 0
Memo: Covered OREO 0 575 239 414
Memo: Covered Securities 0 0 0 0
Memo: Covered Assets 0 575 239 414
Liabilities ($000)
Total Deposits 695,811 823,227 1,012,314 1,107,017
FHLB Borrowings 104,647 101,287 183,198 90,921
Senior Debt 186,225 133,960 210,635 116,081
Trust Preferred (FAS 150) 4,124 4,124 4,124 4,124
Total Subordinated Debt 4,124 33,524 33,524 33,524
Redeemable Financial Instruments (FAS 150) 0 0 0 0
Total Debt 190,349 167,484 244,159 149,605
Total Other Liabilities 6,878 10,310 13,291 16,557
Total Liabilities 893,038 1,001,021 1,269,764 1,273,179
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 8,500 16,334 16,334 16,334
Total Preferred Equity 8,500 16,334 16,334 16,334
Common Equity 85,522 93,104 98,378 129,291
Equity Attributable to Parent Company 94,022 109,438 114,712 145,625
Noncontrolling Interests 0 0 0 0
Total Equity 94,022 109,438 114,712 145,625
Net Unrealized Gain (1,476) (406) (363) (1,598)
Tot Acc Other Comprehensive Inc (2,961) (2,642) (2,933) (4,277)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 63.05 71.89 74.55 74.21
Loans/ Deposits 89.44 96.97 101.96 95.11
Loan Loss Reserves/ Gross Loans 0.69 0.72 0.71 0.80
Reserves/ Loans Held For Investment 0.79 0.78 0.78 0.86
One Year Gap/ Assets NA NA NA NA
1-4 Loans Serviced for Others($000) 248,491 322,920 334,500 296,400
Level 1 Assets($000) 187 77 0 0
Level 2 Assets($000) 196,601 139,086 173,721 253,432
Level 3 Assets($000) 8,051 17,109 16,138 13,569
Level 1 Liabilities($000) NA 0 0 0
Level 2 Liabilities($000) NA 431 424 250
Level 3 Liabilities($000) NA 0 0 0
FTE Employees(actual) 274 324 371 382
Annualized Growth Rates (%)
Asset Growth 35.81 12.50 24.68 2.48
Gross Loans HFI Growth 39.39 28.28 29.30 2
Deposit Growth 43.02 18.31 22.97 9.36
Average Balances ($000)
Avg Gross Loans HFI 497,336 720,760 913,109 1,070,426
Avg Loans HFS 66,554 62,455 100,308 112,514
Average Loans, Gross of Reserves 560,131 779,818 987,656 1,166,683
Avg Securities 137,778 142,840 119,486 140,633
Avg Other Int Earn Assets 21,957 29,949 28,307 28,041
Avg Secs & Other Int Earn Assets 159,735 172,789 147,793 168,674
Avg Interest Earning Assets 719,866 952,607 1,135,449 1,335,357
Avg Assets 795,295 1,036,954 1,226,418 1,427,998
Avg CDs 161,017 232,236 290,537 330,861
Avg Other Interest-bearing Deposits 346,723 478,181 551,776 661,820
Avg Interest-bearing Deposits 507,740 710,417 842,313 992,681
Avg Debt 148,053 155,597 184,883 200,326
Avg Interest-bearing Liabs 655,793 866,014 1,027,196 1,193,007
Avg Noninterest-bearing Deposits 52,002 60,587 79,611 99,826
Avg Total Deposits 559,742 771,004 921,924 1,092,507
Avg Preferred Equity 8,500 12,471 16,334 16,334
Avg Common Equity 70,214 91,183 95,791 106,611
Avg Equity 78,714 103,654 112,125 122,945
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.
Copyright 2017, © S&P Global Market Intelligence  Terms of Use