Balance Sheet

Financial Highlights
2020 FQ2 YTD
6/30/2020
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 4,016 1,403 1,676 998 719
Fed Funds Sold 1,100 300 2,310 40 80
Deposits at Financial Institutions 792 16,033 2,402 512 261
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 5,908 17,736 6,388 1,550 1,060
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 58,503 29,094 31,005 31,954 36,133
Held to Maturity Securities 6,414 6,411 4,908 4,902 4,500
Other Securities 1,256 1,247 1,202 1,244 879
Total Cash & Securities 72,081 54,488 43,503 39,650 42,572
Gross Loans Held for Investment 310,174 214,794 169,934 126,882 104,983
Loan Loss Reserve 3,773 2,770 2,274 1,746 1,599
Loans Held for Sale, before Reserves 0 0 0 0 0
Total Net Loans 306,401 212,024 167,660 125,136 103,384
Real Estate Owned and Held for Investment 0 0 0 0 0
Goodwill 0 0 0 0 0
Core Deposit Intangibles 0 28 95 161 228
Other Intangibles 0 0 0 0 0
Intangible Assets other than Goodwill 0 28 95 161 228
Total Intangible Assets 0 28 95 161 228
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 8,310 8,318 1,646 1,765 1,831
Interest Receivable 1,450 1,076 1,095 837 798
Prepaid Expense 309 259 247 NA NA
Bank-owned Life Insurance 4,883 4,830 4,721 4,612 4,495
Other Assets 1,764 1,090 1,716 1,734 2,783
Total Other Assets 16,716 15,573 9,425 8,948 9,907
Total Assets 395,198 282,113 220,683 173,895 156,091
Memo: Consolidated VIE Assets 0 0 0 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 340,720 236,969 180,682 137,511 126,325
FHLB Borrowings 4,000 4,000 4,000 12,121 5,815
Senior Debt 9,253 4,002 4,000 12,121 5,815
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 9,253 4,002 4,000 12,121 5,815
Total Other Liabilities 1,824 612 518 434 879
Total Liabilities 351,797 241,583 185,200 150,066 133,019
Memo: Consolidated VIE Liabilities 0 0 0 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 43,401 40,530 35,483 23,829 23,072
Equity Attributable to Parent Company 43,401 40,530 35,483 23,829 23,072
Noncontrolling Interests 0 0 0 0 0
Total Equity 43,401 40,530 35,483 23,829 23,072
Net Unrealized Gain 1,020 118 (577) (243) (426)
Tot Acc Other Comprehensive Inc 1,020 118 (577) (243) (426)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 78.49 76.14 77 72.96 67.26
Loans/ Deposits 91.03 90.64 94.05 92.27 83.11
Loan Loss Reserves/ Gross Loans 1.22 1.29 1.34 1.38 1.52
Reserves/ Loans Held For Investment 1.22 1.29 1.34 1.38 1.52
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) 0 0 0 0 0
Level 1 Assets($000) NA 0 0 0 0
Level 2 Assets($000) NA 29,094 31,005 31,954 36,133
Level 3 Assets($000) NA 11 34 0 0
Level 1 Liabilities($000) NA 0 0 0 0
Level 2 Liabilities($000) NA 0 0 0 0
Level 3 Liabilities($000) NA 0 0 0 0
FTE Employees(actual) 35 35 26 21 20
Annualized Growth Rates (%)
Asset Growth 80.17 27.84 26.91 11.41 6.86
Gross Loans HFI Growth 88.81 26.40 33.93 20.86 27.86
Deposit Growth 87.57 31.15 31.39 8.85 4.54
Average Balances ($000)
Avg Gross Loans HFI 246,533 185,487 155,362 112,698 91,534
Avg Loans HFS 0 0 0 0 130
Average Loans, Gross of Reserves 246,533 185,487 155,362 112,698 91,891
Avg Securities NA NA NA NA NA
Avg Other Int Earn Assets NA NA NA NA NA
Avg Secs & Other Int Earn Assets 67,565 53,740 41,998 41,601 47,657
Avg Interest Earning Assets 314,098 239,227 197,360 154,299 139,548
Avg Assets 333,880 248,887 205,907 165,653 146,107
Avg CDs NA NA NA NA 67,633
Avg Other Interest-bearing Deposits NA NA NA NA 48,500
Avg Interest-bearing Deposits NA NA NA NA 116,133
Avg Debt NA NA NA NA 5,691
Avg Interest-bearing Liabs NA NA NA NA 121,824
Avg Noninterest-bearing Deposits NA NA NA NA 4,490
Avg Total Deposits 271,020 208,163 165,831 133,196 120,623
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 41,830 37,688 30,293 23,786 19,468
Avg Equity 41,830 37,688 30,293 23,786 19,468
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.