Balance Sheet

Financial Highlights
2020 FQ1 YTD
3/31/2020
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 1,708 1,403 1,676 998 719
Fed Funds Sold 7,500 300 2,310 40 80
Deposits at Financial Institutions 774 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 9,982 17,736 6,388 1,550 1,060
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 58,319 29,094 31,005 31,954 36,133
Held to Maturity Securities 6,413 6,411 4,908 4,902 4,500
Other Securities 1,250 1,247 1,202 1,244 879
Total Cash & Securities 75,964 54,488 43,503 39,650 42,572
Gross Loans Held for Investment 211,088 214,794 169,934 126,882 104,983
Loan Loss Reserve 3,272 2,770 2,274 1,746 1,599
Loans Held for Sale, before Reserves 0 0 0 0 0
Total Net Loans 207,816 212,024 167,660 125,136 103,384
Real Estate Owned and Held for Investment 0 0 0 0 0
Goodwill 0 0 0 0 0
Core Deposit Intangibles 11 28 95 161 228
Other Intangibles 0 0 0 0 0
Intangible Assets other than Goodwill 11 28 95 161 228
Total Intangible Assets 11 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 8,330 8,318 1,646 1,765 1,831
Interest Receivable 1,522 1,076 1,095 837 798
Prepaid Expense NA 259 247 NA NA
Bank-owned Life Insurance 4,857 4,830 4,721 4,612 4,495
Other Assets 1,758 1,090 1,716 1,734 2,783
Total Other Assets 16,467 15,573 9,425 8,948 9,907
Total Assets 300,258 282,113 220,683 173,895 156,091
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 253,196 236,969 180,682 137,511 126,325
FHLB Borrowings 4,000 4,000 4,000 12,121 5,815
Senior Debt 4,000 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 4,000 4,002 4,000 12,121 5,815
Total Other Liabilities 1,367 612 518 434 879
Total Liabilities 258,563 241,583 185,200 150,066 133,019
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 41,695 40,530 35,483 23,829 23,072
Equity Attributable to Parent Company 41,695 40,530 35,483 23,829 23,072
Noncontrolling Interests 0 0 0 0 0
Total Equity 41,695 40,530 35,483 23,829 23,072
Net Unrealized Gain 560 118 (577) (243) (426)
Tot Acc Other Comprehensive Inc 560 118 (577) (243) (426)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 70.30 76.14 77 72.96 67.26
Loans/ Deposits 83.37 90.64 94.05 92.27 83.11
Loan Loss Reserves/ Gross Loans 1.55 1.29 1.34 1.38 1.52
Reserves/ Loans Held For Investment 1.55 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) 37 35 26 21 20
Annualized Growth Rates (%)
Asset Growth 25.73 27.84 26.91 11.41 6.86
Gross Loans HFI Growth (6.90) 26.40 33.93 20.86 27.86
Deposit Growth 27.39 31.15 31.39 8.85 4.54
Average Balances ($000)
Avg Gross Loans HFI 212,365 185,487 155,362 112,698 91,534
Avg Loans HFS 0 0 0 0 130
Average Loans, Gross of Reserves 212,365 185,487 155,362 112,698 91,891
Avg Securities 38,539 NA NA NA NA
Avg Other Int Earn Assets 29,369 NA NA NA NA
Avg Secs & Other Int Earn Assets 67,908 53,740 41,998 41,601 47,657
Avg Interest Earning Assets 280,273 239,227 197,360 154,299 139,548
Avg Assets 295,859 248,887 205,907 165,653 146,107
Avg CDs 33,729 NA NA NA 67,633
Avg Other Interest-bearing Deposits 52,976 NA NA NA 48,500
Avg Interest-bearing Deposits 86,705 NA NA NA 116,133
Avg Debt 4,009 NA NA NA 5,691
Avg Interest-bearing Liabs 90,714 NA NA NA 121,824
Avg Noninterest-bearing Deposits NA NA NA NA 4,490
Avg Total Deposits 245,083 208,163 165,831 133,196 120,623
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 41,113 37,688 30,293 23,786 19,468
Avg Equity 41,113 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.