Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 3/31/2017 USD 2017 Q1 YTD 3/31/2017 USD
Source Document Currency Code 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 3/31/2017 USD 2017 Q1 YTD 3/31/2017 USD

Assets

Cash and non-interest bearing deposits in other banks 20,193 21,348 29,733 25,781 18,707
Cash and due from Federal Reserve Bank 115,019 82,229 96,018 87,251 114,425
Cash and cash equivalents 135,212 103,577 125,751 113,032 133,132
Interest-bearing deposits in other banks 1,515 1,522 1,528 650 651
Investment securities available for sale (at fair value) 43,616 48,301 30,893 57,491 55,351
Loans 395,317 457,919 515,318 569,759 546,841
Unearned fees and unamortized loan origination costs, net (304) (324) 58 1,075 907
Allowance for credit losses (10,988) (10,771) (9,713) (8,902) (8,948)
Net loans 384,025 446,824 505,663 561,932 538,800
Accrued interest receivable 1,644 1,927 2,220 3,895 4,445
Premises and equipment - net 12,122 11,550 10,800 10,445 10,799
Other real estate owned 13,946 14,010 12,873 6,471 6,471
Intangible assets 62 NA NA NA NA
Goodwill 4,488 4,488 4,488 4,488 4,488
Cash surrender value of life insurance 17,203 17,717 18,337 19,047 19,178
Investment in limited partnerships 4,534 871 917 757 1,247
Deferred tax assets - net 11,630 6,853 5,228 3,298 3,395
Other assets 5,932 5,529 6,946 6,466 6,141
Total assets 635,929 663,169 725,644 787,972 784,098

Liabilities & Shareholders' Equity

Liabilities

Deposits
Noninterest bearing 214,317 215,439 262,168 262,697 279,668
Interest bearing 328,172 349,934 359,637 413,932 390,873
Total deposits 542,489 565,373 621,805 676,629 670,541
Accrued interest payable 44 40 29 76 52
Accounts payable and other liabilities 5,728 4,815 5,875 5,781 5,836
Junior subordinated debentures (at fair value) 11,125 10,115 8,300 8,832 9,171
Total liabilities 559,386 580,343 636,009 691,318 685,600

Shareholders' Equity

Common stock 45,778 49,271 52,572 56,557 57,790
Retained earnings 30,884 33,730 37,265 40,701 41,252
Accumulated other comprehensive loss (119) (175) (202) (604) (544)
Total shareholders' equity 76,543 82,826 89,635 96,654 98,498
Total liabilities and shareholders' equity 635,929 663,169 725,644 787,972 784,098
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.