Balance Sheet

Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Assets ($000)
Cash and Due from Banks 2,126 2,413 730 1,676
Fed Funds Sold 185 580 5,250 2,310
Deposits at Financial Institutions 261 516 11,954 2,402
Securities Purchased, to Resell 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0
Cash and Cash Equivalents 2,572 3,509 17,934 6,388
Trading Account Securities 0 0 0 0
Available for Sale Securities 34,645 31,708 31,765 31,005
Held to Maturity Securities 4,899 4,904 4,905 4,908
Other Securities 861 1,342 1,440 1,202
Total Cash & Securities 42,977 41,463 56,044 43,503
Gross Loans Held for Investment 105,114 148,368 161,187 169,934
Loan Loss Reserve 1,601 1,800 2,060 2,274
Loans Held for Sale, before Reserves 0 0 0 0
Total Net Loans 103,513 146,568 159,127 167,660
Real Estate Owned and Held for Investment 0 0 0 0
Goodwill 0 0 0 0
Core Deposit Intangibles NA 145 128 95
Other Intangibles 0 0 0 0
Intangible Assets other than Goodwill NA 145 128 95
Total Intangible Assets NA 145 128 95
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 1,803 1,744 1,723 1,646
Interest Receivable 816 1,090 1,047 1,095
Prepaid Expense NA NA NA 247
Bank-owned Life Insurance 4,525 4,640 4,667 4,721
Other Assets 3,460 2,385 1,855 1,716
Total Other Assets 10,604 9,859 9,292 9,425
Total Assets 157,094 198,035 224,591 220,683
Memo: Consolidated VIE Assets NA 0 0 0
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 128,043 156,519 185,250 180,682
FHLB Borrowings 4,866 14,239 5,000 4,000
Senior Debt 4,866 14,239 5,000 4,000
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 4,866 14,239 5,000 4,000
Total Other Liabilities 785 301 416 518
Total Liabilities 133,694 171,059 190,666 185,200
Memo: Consolidated VIE Liabilities NA 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 0 0 0 0
Total Preferred Equity 0 0 0 0
Common Equity 23,400 26,976 33,925 35,483
Equity Attributable to Parent Company 23,400 26,976 33,925 35,483
Noncontrolling Interests 0 0 0 0
Total Equity 23,400 26,976 33,925 35,483
Net Unrealized Gain (308) (573) (713) (577)
Tot Acc Other Comprehensive Inc (308) (573) (713) (577)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 66.91 74.92 71.77 77
Loans/ Deposits 82.09 94.79 87.01 94.05
Loan Loss Reserves/ Gross Loans 1.52 1.21 1.28 1.34
Reserves/ Loans Held For Investment 1.52 1.21 1.28 1.34
One Year Gap/ Assets NA NA NA NA
1-4 Loans Serviced for Others($000) 0 0 0 0
Level 1 Assets($000) NA NA NA 0
Level 2 Assets($000) NA NA NA 31,005
Level 3 Assets($000) NA NA NA 34
Level 1 Liabilities($000) NA NA NA 0
Level 2 Liabilities($000) NA NA NA 0
Level 3 Liabilities($000) NA NA NA 0
FTE Employees(actual) 20 26 25 26
Annualized Growth Rates (%)
Asset Growth 2.57 55.53 53.64 26.91
Gross Loans HFI Growth 0.50 67.74 34.56 33.93
Deposit Growth 5.44 55.29 73.42 31.39
Average Balances ($000)
Avg Gross Loans HFI 105,049 132,587 157,854 155,362
Avg Loans HFS 0 0 0 0
Average Loans, Gross of Reserves 105,049 132,587 157,854 155,362
Avg Securities NA 38,611 39,329 NA
Avg Other Int Earn Assets NA 1,282 1,865 NA
Avg Secs & Other Int Earn Assets 40,215 39,893 41,194 41,445
Avg Interest Earning Assets 145,263 172,480 199,048 196,807
Avg Assets 156,593 180,869 208,057 205,907
Avg CDs NA 60,961 62,770 NA
Avg Other Interest-bearing Deposits NA 53,051 48,972 NA
Avg Interest-bearing Deposits NA 114,012 111,742 NA
Avg Debt NA 9,601 15,704 NA
Avg Interest-bearing Liabs NA 123,613 127,446 NA
Avg Noninterest-bearing Deposits NA 32,882 52,043 NA
Avg Total Deposits 127,184 146,894 163,785 165,831
Avg Preferred Equity 0 0 0 0
Avg Common Equity 23,236 25,403 27,536 30,293
Avg Equity 23,236 25,403 27,536 30,293
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