Balance Sheet

Financial Highlights
12/31/2016
3/31/2017
12/31/2017
3/31/2018
Assets ($000)
Cash and Due from Banks 719 2,126 1,017 2,435
Fed Funds Sold 80 185 40 580
Deposits at Financial Institutions 261 261 493 494
Securities Purchased, to Resell 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0
Cash and Cash Equivalents 1,060 2,572 1,550 3,509
Trading Account Securities 0 0 0 0
Available for Sale Securities 36,133 34,645 31,954 31,708
Held to Maturity Securities 4,500 4,899 4,902 4,904
Other Securities 879 861 1,244 1,342
Total Cash & Securities 42,572 42,977 39,650 41,463
Gross Loans Held for Investment 104,983 105,114 126,882 148,368
Loan Loss Reserve 1,599 1,601 1,746 1,800
Loans Held for Sale, before Reserves 0 0 0 0
Total Net Loans 103,384 103,513 125,136 146,568
Real Estate Owned and Held for Investment 0 0 0 0
Goodwill 0 0 0 0
Core Deposit Intangibles 228 NA 161 145
Other Intangibles 0 0 0 0
Intangible Assets other than Goodwill 228 NA 161 145
Total Intangible Assets 228 NA 161 145
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 1,831 1,803 1,765 1,744
Interest Receivable 798 816 837 1,090
Prepaid Expense NA NA NA NA
Bank-owned Life Insurance 4,495 4,525 4,612 4,640
Other Assets 2,783 3,460 1,734 2,385
Total Other Assets 9,907 10,604 8,948 9,859
Total Assets 156,091 157,094 173,895 198,035
Memo: Consolidated VIE Assets NA NA 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 126,325 128,043 137,511 156,519
FHLB Borrowings 5,815 4,866 12,121 14,239
Senior Debt 5,815 4,866 12,121 14,239
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 5,815 4,866 12,121 14,239
Total Other Liabilities 879 785 434 301
Total Liabilities 133,019 133,694 150,066 171,059
Memo: Consolidated VIE Liabilities NA NA 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 23,072 23,400 23,829 26,976
Equity Attributable to Parent Company 23,072 23,400 23,829 26,976
Noncontrolling Interests 0 0 0 0
Total Equity 23,072 23,400 23,829 26,976
Net Unrealized Gain (426) (308) (243) (573)
Tot Acc Other Comprehensive Inc (426) (308) (243) (573)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 67.26 66.91 72.96 74.92
Loans/ Deposits 83.11 82.09 92.27 94.79
Loan Loss Reserves/ Gross Loans 1.52 1.52 1.38 1.21
Reserves/ Loans Held For Investment 1.52 1.52 1.38 1.21
One Year Gap/ Assets NA NA NA NA
1-4 Loans Serviced for Others($000) 0 0 0 0
Level 1 Assets($000) 0 NA 0 NA
Level 2 Assets($000) 36,133 NA 31,954 NA
Level 3 Assets($000) 0 NA 0 NA
Level 1 Liabilities($000) 0 NA 0 NA
Level 2 Liabilities($000) 0 NA 0 NA
Level 3 Liabilities($000) 0 NA 0 NA
FTE Employees(actual) 20 20 21 26
Annualized Growth Rates (%)
Asset Growth 6.86 2.57 11.41 55.53
Gross Loans HFI Growth 27.86 0.50 20.86 67.74
Deposit Growth 4.54 5.44 8.85 55.29
Average Balances ($000)
Avg Gross Loans HFI 91,534 105,049 112,698 132,587
Avg Loans HFS 130 0 0 0
Average Loans, Gross of Reserves 91,891 105,049 112,698 132,587
Avg Securities NA NA NA 38,611
Avg Other Int Earn Assets NA NA NA 1,282
Avg Secs & Other Int Earn Assets 47,657 40,215 41,601 39,893
Avg Interest Earning Assets 139,548 145,263 154,299 172,480
Avg Assets 146,107 156,593 165,653 180,869
Avg CDs 67,633 NA NA 60,961
Avg Other Interest-bearing Deposits 48,500 NA NA 53,051
Avg Interest-bearing Deposits 116,133 NA NA 114,012
Avg Debt 5,691 NA NA 9,601
Avg Interest-bearing Liabs 121,824 NA NA 123,613
Avg Noninterest-bearing Deposits 4,490 NA NA 32,882
Avg Total Deposits 120,623 127,184 133,196 146,894
Avg Preferred Equity 0 0 0 0
Avg Common Equity 19,468 23,236 23,786 24,533
Avg Equity 19,468 23,236 23,786 24,533
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