Balance Sheet

Financial Highlights
2019 FQ3 YTD
9/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Assets ($000)
Cash and Due from Banks 1,860 1,676 998 719 749
Fed Funds Sold 27,400 2,310 40 80 1,740
Deposits at Financial Institutions 14,599 2,402 512 261 750
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 43,859 6,388 1,550 1,060 3,239
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 27,485 31,005 31,954 36,133 48,374
Held to Maturity Securities 6,409 4,908 4,902 4,500 4,500
Other Securities 1,246 1,202 1,244 879 874
Total Cash & Securities 78,999 43,503 39,650 42,572 56,987
Gross Loans Held for Investment 192,134 169,934 126,882 104,983 82,108
Loan Loss Reserve 2,395 2,274 1,746 1,599 1,518
Loans Held for Sale, before Reserves 0 0 0 0 1,039
Total Net Loans 189,739 167,660 125,136 103,384 81,629
Real Estate Owned and Held for Investment 0 0 0 0 0
Goodwill 0 0 0 0 0
Core Deposit Intangibles 44 95 161 228 295
Other Intangibles 0 0 0 0 0
Intangible Assets other than Goodwill 44 95 161 228 295
Total Intangible Assets 44 95 161 228 295
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 1,622 1,646 1,765 1,831 1,918
Interest Receivable 1,026 1,095 837 798 571
Prepaid Expense NA 247 NA NA NA
Bank-owned Life Insurance 4,803 4,721 4,612 4,495 4,369
Other Assets 1,586 1,716 1,734 2,783 304
Total Other Assets 9,037 9,425 8,948 9,907 7,162
Total Assets 277,819 220,683 173,895 156,091 146,073
Memo: Consolidated VIE Assets 0 0 0 NA 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 234,096 180,682 137,511 126,325 120,839
FHLB Borrowings 4,000 4,000 12,121 5,815 5,000
Senior Debt 4,000 4,000 12,121 5,815 5,055
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 4,000 12,121 5,815 5,055
Total Other Liabilities 510 518 434 879 342
Total Liabilities 238,606 185,200 150,066 133,019 126,236
Memo: Consolidated VIE Liabilities 0 0 0 NA 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 39,213 35,483 23,829 23,072 19,837
Equity Attributable to Parent Company 39,213 35,483 23,829 23,072 19,837
Noncontrolling Interests 0 0 0 0 0
Total Equity 39,213 35,483 23,829 23,072 19,837
Net Unrealized Gain 222 (577) (243) (426) (501)
Tot Acc Other Comprehensive Inc 222 (577) (243) (426) (501)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 69.16 77 72.96 67.26 56.21
Loans/ Deposits 82.07 94.05 92.27 83.11 67.95
Loan Loss Reserves/ Gross Loans 1.25 1.34 1.38 1.52 1.83
Reserves/ Loans Held For Investment 1.25 1.34 1.38 1.52 1.85
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 31,005 31,954 36,133 48,374
Level 3 Assets($000) NA 34 0 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) 30 26 21 20 18
Annualized Growth Rates (%)
Asset Growth 34.52 26.91 11.41 6.86 0.97
Gross Loans HFI Growth 17.42 33.93 20.86 27.86 1.51
Deposit Growth 39.42 31.39 8.85 4.54 1.45
Average Balances ($000)
Avg Gross Loans HFI 180,344 155,362 112,698 91,534 82,591
Avg Loans HFS 0 0 0 130 130
Average Loans, Gross of Reserves 180,344 155,362 112,698 91,891 83,231
Avg Securities NA NA NA NA NA
Avg Other Int Earn Assets NA NA NA NA NA
Avg Secs & Other Int Earn Assets 52,124 41,445 41,601 47,657 50,999
Avg Interest Earning Assets 232,468 196,807 154,299 139,548 134,230
Avg Assets 240,737 205,907 165,653 146,107 140,738
Avg CDs NA NA NA 67,633 57,247
Avg Other Interest-bearing Deposits NA NA NA 48,500 53,628
Avg Interest-bearing Deposits NA NA NA 116,133 110,875
Avg Debt NA NA NA 5,691 7,442
Avg Interest-bearing Liabs NA NA NA 121,824 118,317
Avg Noninterest-bearing Deposits NA NA NA 4,490 4,413
Avg Total Deposits 200,277 165,831 133,196 120,623 115,288
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 37,014 30,293 23,786 19,468 17,684
Avg Equity 37,014 30,293 23,786 19,468 17,684
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