Investor Relations

Investor Relations

Balance Sheet
Financial Highlights
Period Ended
2020 FQ3 YTD
9/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Assets ($000)
Cash and Due from Banks 21,262 18,430 14,747 16,345 14,846
Fed Funds Sold 0 0 0 0 0
Deposits at Financial Institutions 286,862 22,121 22,252 18,738 17,021
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 308,124 40,551 36,999 35,083 31,867
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 297,964 235,821 221,614 231,507 162,368
Held to Maturity Securities 0 0 0 0 0
Other Securities 63,504 33,522 20,859 7,572 5,840
Total Cash & Securities 669,592 309,894 279,472 274,162 200,075
Gross Loans Held for Investment 1,428,593 1,374,541 1,304,366 1,105,941 1,052,865
Loan Loss Reserve 25,913 11,775 10,939 9,878 9,101
Loans Held for Sale, before Reserves 2,271 109,788 75,807 66,794 90,174
Total Net Loans 1,404,951 1,472,554 1,369,234 1,162,857 1,133,938
Real Estate Owned and Held for Investment 6,409 1,397 2,145 1,346 414
Goodwill 2,350 19,630 18,480 18,480 18,480
Core Deposit Intangibles 2,554 3,473 550 646 744
Other Intangibles 0 0 0 0 0
Intangible Assets other than Goodwill 2,554 3,473 550 646 744
Total Intangible Assets 4,904 23,103 19,030 19,126 19,224
Loan Servicing Rights 3,136 348 173 182 190
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights 0 0 0 0 0
Total Servicing Rights 3,136 348 173 182 190
Fixed Assets 44,076 39,112 26,545 26,686 25,081
Interest Receivable 7,460 7,909 7,710 5,296 3,951
Prepaid Expense NA 1,166 1,333 2,772 NA
Bank-owned Life Insurance 36,037 35,374 34,291 32,666 22,970
Other Assets 37,894 53,257 11,036 9,209 12,961
Total Other Assets 125,467 136,818 80,915 76,629 64,963
Total Assets 2,214,459 1,944,114 1,750,969 1,534,302 1,418,804
Memo: Consolidated VIE Assets 0 0 0 0 0
Memo: Covered Loans 0 0 0 0 0
Memo: Covered OREO 0 0 2,145 1,346 414
Memo: Covered Securities 0 0 0 0 0
Memo: Covered Assets 0 0 2,145 1,346 414
Liabilities ($000)
Total Deposits 1,898,957 1,265,042 1,309,154 1,159,580 1,107,017
FHLB Borrowings 25,800 222,885 214,887 152,169 90,921
Senior Debt 54,427 247,849 229,812 174,572 116,081
Trust Preferred (FAS 150) 4,124 4,124 4,124 4,124 4,124
Total Subordinated Debt 4,124 4,124 17,524 33,524 33,524
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 58,551 251,973 247,336 208,096 149,605
Total Other Liabilities 22,835 215,163 17,706 16,434 16,557
Total Liabilities 1,980,343 1,732,178 1,574,196 1,384,110 1,273,179
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 7,334 7,334 7,834 7,834 16,334
Total Preferred Equity 7,334 7,334 7,834 7,834 16,334
Common Equity 226,782 204,602 168,939 142,358 129,291
Equity Attributable to Parent Company 234,116 211,936 176,773 150,192 145,625
Noncontrolling Interests 0 0 0 0 0
Total Equity 234,116 211,936 176,773 150,192 145,625
Net Unrealized Gain 4,640 2,942 (3,384) (5) (1,598)
Tot Acc Other Comprehensive Inc (1,252) (1,321) (6,806) (2,988) (4,277)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 64.51 70.70 74.49 72.08 74.21
Loans/ Deposits 75.23 108.66 99.63 95.37 95.11
Loan Loss Reserves/ Gross Loans 1.81 0.79 0.79 0.84 0.80
Reserves/ Loans Held For Investment 1.81 0.86 0.84 0.89 0.86
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) 445,981 198,118 231,489 261,679 296,400
Level 1 Assets($000) 144 0 6,027 1,607 897
Level 2 Assets($000) 304,671 351,216 269,297 274,793 252,535
Level 3 Assets($000) 103,055 67,739 49,052 40,949 13,569
Level 1 Liabilities($000) 0 0 0 0 0
Level 2 Liabilities($000) 18,176 7,326 2,571 346 250
Level 3 Liabilities($000) 0 0 0 0 0
FTE Employees(actual) 338 429 397 390 382
Annualized Growth Rates (%)
Asset Growth 18.54 11.03 14.12 8.14 2.48
Gross Loans HFI Growth 5.24 5.38 17.94 5.04 2
Deposit Growth 66.81 (3.37) 12.90 4.75 9.36
Average Balances ($000)
Avg Gross Loans HFI 1,430,939 1,347,432 1,218,465 1,088,258 1,070,426
Avg Loans HFS 161,416 109,655 71,271 81,822 112,514
Average Loans, Gross of Reserves 1,583,689 1,457,062 1,275,111 1,153,528 1,166,683
Avg Securities 229,943 232,721 229,295 184,583 140,633
Avg Other Int Earn Assets 90,334 23,361 19,954 18,409 28,041
Avg Secs & Other Int Earn Assets 320,277 256,082 249,249 202,992 168,674
Avg Interest Earning Assets 1,903,966 1,713,144 1,524,360 1,356,520 1,335,357
Avg Assets 2,095,591 1,850,821 1,637,258 1,453,766 1,427,998
Avg CDs 401,975 405,075 337,614 279,095 330,861
Avg Other Interest-bearing Deposits 876,238 751,052 721,846 724,789 661,820
Avg Interest-bearing Deposits 1,278,213 1,156,127 1,059,460 1,003,884 992,681
Avg Debt 89,359 207,188 234,996 179,227 200,326
Avg Interest-bearing Liabs 1,367,572 1,363,315 1,294,456 1,183,111 1,193,007
Avg Noninterest-bearing Deposits 442,378 258,546 171,631 117,696 99,826
Avg Total Deposits 1,720,591 1,414,673 1,231,091 1,121,580 1,092,507
Avg Preferred Equity 7,334 7,660 7,834 7,927 16,334
Avg Common Equity 214,454 187,490 153,033 137,026 106,611
Avg Equity 221,788 195,150 160,867 144,953 122,945
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.