Financial Statements

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

Assets

Cash and non-interest-bearing deposits in other banks 29,733 25,781 35,237 28,949 31,073
Due from Federal Reserve Bank ("FRB") 96,018 87,251 72,697 191,388 214,870
Cash and cash equivalents 125,751 113,032 107,934 220,337 245,943
Interest-bearing deposits in other banks 1,528 650 NA NA NA

Investment securities (at fair value)

Available for sale ("AFS") securities NA NA 41,985 66,426 77,864
Marketable equity securities NA NA 3,737 3,659 3,787
Total investment securities 30,893 57,491 45,722 70,085 81,651
Loans 515,318 569,759 601,351 587,933 570,128
Unearned fees and unamortized loan origination costs - net 58 1,075 1,039 (119) (628)
Allowance for credit losses (9,713) (8,902) (9,267) (8,395) (8,230)
Net loans 505,663 561,932 593,123 579,419 561,270
Premises and equipment - net 10,800 10,445 10,165 9,837 9,455
Accrued interest receivable 2,220 3,895 6,526 8,341 10,522
Other real estate owned 12,873 6,471 5,745 5,745 5,745
Goodwill 4,488 4,488 4,488 4,488 4,488
Deferred tax assets - net 5,228 3,298 2,389 3,174 3,121
Cash surrender value of life insurance 18,337 19,047 19,752 20,244 20,682
Investment in limited partnerships 917 757 1,601 NA NA
Operating lease right-of-use assets NA NA NA 0 3,610
Other assets 6,946 6,466 8,391 11,388 10,911
Total assets 725,644 787,972 805,836 933,058 957,398

Liabilities & Shareholders' Equity

Liabilities

Deposits
Non-interest-bearing 262,168 262,697 307,299 292,720 333,156
Interest-bearing 359,637 413,932 380,394 512,923 487,067
Total deposits 621,805 676,629 687,693 805,643 820,223
Accrued interest payable 29 76 44 57 72
Operating lease liabilities NA NA NA 0 3,714
Other liabilities 5,875 5,781 7,017 7,963 7,849
Junior subordinated debentures (at fair value) 8,300 8,832 9,730 10,155 10,330
Total liabilities 636,009 691,318 704,484 823,818 842,188

Shareholders' Equity

Common stock 52,572 56,557 57,880 58,624 58,896
Retained earnings 37,265 40,701 44,182 49,942 56,619
Accumulated other comprehensive (loss) income (202) (604) (710) 674 (305)
Total shareholders' equity 89,635 96,654 101,352 109,240 115,210
Total liabilities and shareholders' equity 725,644 787,972 805,836 933,058 957,398
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.