Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD

Assets

Cash and non-interest bearing deposits in other banks 21,348 29,733 25,781 35,237
Cash and due from Federal Reserve Bank 82,229 96,018 87,251 72,697
Cash and cash equivalents 103,577 125,751 113,032 107,934
Interest-bearing deposits in other banks 1,522 1,528 650 0
Investment securities available for sale (at fair value) 48,301 30,893 57,491 45,722
Loans 457,919 515,318 569,759 601,351
Unearned fees and unamortized loan origination costs, net (324) 58 1,075 1,039
Allowance for credit losses (10,771) (9,713) (8,902) (9,267)
Net loans 446,824 505,663 561,932 593,123
Accrued interest receivable 1,927 2,220 3,895 6,526
Premises and equipment - net 11,550 10,800 10,445 10,165
Other real estate owned 14,010 12,873 6,471 5,745
Goodwill 4,488 4,488 4,488 4,488
Cash surrender value of life insurance 17,717 18,337 19,047 19,752
Investment in limited partnerships 871 917 757 1,601
Deferred tax assets - net 6,853 5,228 3,298 2,389
Other assets 5,529 6,946 6,466 8,391
Total assets 663,169 725,644 787,972 805,836

Liabilities & Shareholders' Equity

Liabilities

Deposits
Noninterest bearing 215,439 262,168 262,697 307,299
Interest bearing 349,934 359,637 413,932 380,394
Total deposits 565,373 621,805 676,629 687,693
Accrued interest payable 40 29 76 44
Accounts payable and other liabilities 4,815 5,875 5,781 7,017
Junior subordinated debentures (at fair value) 10,115 8,300 8,832 9,730
Total liabilities 580,343 636,009 691,318 704,484

Shareholders' Equity

Common stock 49,271 52,572 56,557 57,880
Retained earnings 33,730 37,265 40,701 44,182
Accumulated other comprehensive loss (175) (202) (604) (710)
Total shareholders' equity 82,826 89,635 96,654 101,352
Total liabilities and shareholders' equity 663,169 725,644 787,972 805,836
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.