Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD

Assets

Cash and noninterest-bearing deposits in other banks 29,733 25,781 35,237 28,949
Due from Federal Reserve Bank ("FRB") 96,018 87,251 72,697 191,388
Cash and cash equivalents 125,751 113,032 107,934 220,337
Interest-bearing deposits in other banks 1,528 650 NA NA

Investment securities (at fair value)

Available for sale ("AFS") securities NA NA 41,985 66,426
Marketable equity securities NA NA 3,737 3,659
Total investment securities 30,893 57,491 45,722 70,085
Loans 515,318 569,759 601,351 587,933
Unearned fees and unamortized loan origination (fees) costs, net 58 1,075 1,039 (119)
Allowance for credit losses (9,713) (8,902) (9,267) (8,395)
Net loans 505,663 561,932 593,123 579,419
Premises and equipment - net 10,800 10,445 10,165 9,837
Accrued interest receivable 2,220 3,895 6,526 8,341
Other real estate owned (OREO) 12,873 6,471 5,745 5,745
Goodwill 4,488 4,488 4,488 4,488
Deferred tax assets - net 5,228 3,298 2,389 3,174
Cash surrender value of life insurance 18,337 19,047 19,752 20,244
Investment in limited partnerships 917 757 1,601 1,911
Other assets 6,946 6,466 8,391 9,477
Total assets 725,644 787,972 805,836 933,058

Liabilities & Shareholders' Equity

Liabilities

Deposits
Noninterest-bearing 262,168 262,697 307,299 292,720
Interest bearing 359,637 413,932 380,394 512,923
Total deposits 621,805 676,629 687,693 805,643
Accrued interest payable 29 76 44 57
Other liabilities 5,875 5,781 7,017 7,963
Junior subordinated debentures (at fair value) 8,300 8,832 9,730 10,155
Total liabilities 636,009 691,318 704,484 823,818

Shareholders' Equity

Common stock 52,572 56,557 57,880 58,624
Retained earnings 37,265 40,701 44,182 49,942
Accumulated other comprehensive income (loss) (202) (604) (710) 674
Total shareholders' equity 89,635 96,654 101,352 109,240
Total liabilities and shareholders' equity 725,644 787,972 805,836 933,058
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.