Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2012 Y 12/31/2013 USD 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 9/30/2016 USD 2016 Q3 YTD 9/30/2016 USD
Source Document Currency Code 2012 Y 12/31/2013 USD 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 9/30/2016 USD 2016 Q3 YTD 9/30/2016 USD

Assets

Cash and non-interest bearing deposits in other banks 27,481 20,193 21,348 29,733 29,156
Cash and due from Federal Reserve Bank 114,146 115,019 82,229 96,018 82,591
Cash and cash equivalents 141,627 135,212 103,577 125,751 111,747
Interest-bearing deposits in other banks 1,507 1,515 1,522 1,528 1,534
Investment securities available for sale (at fair value) 31,844 43,616 48,301 30,893 60,388
Loans 400,057 395,317 457,919 515,318 559,599
Unearned fees and unamortized loan origination costs, net (24) (304) (324) 58 1,052
Allowance for credit losses (11,784) (10,988) (10,771) (9,713) (8,918)
Net loans 388,249 384,025 446,824 505,663 551,733
Accrued interest receivable 1,694 1,644 1,927 2,220 3,581
Premises and equipment - net 12,262 12,122 11,550 10,800 10,225
Other real estate owned 23,932 13,946 14,010 12,873 7,065
Intangible assets 249 62 NA NA NA
Goodwill 4,488 4,488 4,488 4,488 4,488
Cash surrender value of life insurance 16,681 17,203 17,717 18,337 18,738
Investment in limited partnerships 4,312 4,534 871 917 792
Deferred tax assets - net 9,724 11,630 6,853 5,228 5,146
Other assets 12,308 5,932 5,529 6,946 6,155
Total assets 648,877 635,929 663,169 725,644 781,592

Liabilities & Shareholders' Equity

Liabilities

Deposits
Noninterest bearing 217,014 214,317 215,439 262,168 283,462
Interest bearing 346,273 328,172 349,934 359,637 387,824
Total deposits 563,287 542,489 565,373 621,805 671,286
Accrued interest payable 71 44 40 29 39
Accounts payable and other liabilities 6,010 5,728 4,815 5,875 6,420
Junior subordinated debentures (at fair value) 10,068 11,125 10,115 8,300 8,262
Total liabilities 579,436 559,386 580,343 636,009 686,007

Shareholders' Equity

Common stock 43,173 45,778 49,271 52,572 55,305
Retained earnings 26,179 30,884 33,730 37,265 40,390
Accumulated other comprehensive loss 89 (119) (175) (202) (110)
Total shareholders' equity 69,441 76,543 82,826 89,635 95,585
Total liabilities and shareholders' equity 648,877 635,929 663,169 725,644 781,592
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.