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 3/31/2018 USD 2018 Q1 YTD 3/31/2018 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 3/31/2018 USD 2018 Q1 YTD 3/31/2018 USD

Assets

Cash and non-interest bearing deposits in other banks 21,348 29,733 25,781 35,237 24,608
Cash and due from Federal Reserve Bank ("FRB") 82,229 96,018 87,251 72,697 140,739
Cash and cash equivalents 103,577 125,751 113,032 107,934 165,347
Interest-bearing deposits in other banks 1,522 1,528 650 NA NA

Investment securities (at fair value)

Available for sale ("AFS") securities NA NA NA 41,985 39,329
Marketable equity securities NA NA NA 3,737 3,677
Total investment securities 48,301 30,893 57,491 45,722 43,006
Loans 457,919 515,318 569,759 601,351 595,882
Unearned fees and unamortized loan origination costs, net (324) 58 1,075 1,039 968
Allowance for credit losses (10,771) (9,713) (8,902) (9,267) (9,116)
Net loans 446,824 505,663 561,932 593,123 587,734
Accrued interest receivable 1,927 2,220 3,895 6,526 7,413
Premises and equipment - net 11,550 10,800 10,445 10,165 10,123
Other real estate owned 14,010 12,873 6,471 5,745 5,745
Goodwill 4,488 4,488 4,488 4,488 4,488
Cash surrender value of life insurance 17,717 18,337 19,047 19,752 19,671
Investment in limited partnerships 871 917 757 1,601 1,596
Deferred tax assets - net 6,853 5,228 3,298 2,389 2,432
Other assets 5,529 6,946 6,466 8,391 7,249
Total assets 663,169 725,644 787,972 805,836 854,804

Liabilities & Shareholders' Equity

Liabilities

Deposits
Noninterest bearing 215,439 262,168 262,697 307,299 319,438
Interest bearing 349,934 359,637 413,932 380,394 415,178
Total deposits 565,373 621,805 676,629 687,693 734,616
Accrued interest payable 40 29 76 44 47
Accounts payable and other liabilities 4,815 5,875 5,781 7,017 6,991
Junior subordinated debentures (at fair value) 10,115 8,300 8,832 9,730 9,641
Total liabilities 580,343 636,009 691,318 704,484 751,295

Shareholders' Equity

Common stock 49,271 52,572 56,557 57,880 58,171
Retained earnings 33,730 37,265 40,701 44,182 44,152
Accumulated other comprehensive income (loss) (175) (202) (604) (710) 1,186
Total shareholders' equity 82,826 89,635 96,654 101,352 103,509
Total liabilities and shareholders' equity 663,169 725,644 787,972 805,836 854,804
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.