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As Reported 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 12/31/2017 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 12/31/2017 USD

ASSETS

Cash and due from banks 10,118 8,933 10,976 13,066
Interest-bearing deposits with the Federal Reserve Bank and Federal Home Loan Bank 9,696 19,795 9,786 23,853
Money market mutual funds 1 13 95 388
Federal funds sold 5 149 150 185
Cash and cash equivalents 19,820 28,890 21,007 37,492
Certificates of deposit 0 1,250 1,250 1,250
Investments in available-for-sale securities at fair value 83,805 71,517 58,728 51,656
Federal Home Loan Bank stock, at cost 1,801 2,047 2,896 903
Loans held-for-sale 5,374 2,167 2,801 2,259
Loans 286,142 326,723 409,164 396,413
Less - allowance for loan losses 2,761 3,028 3,753 4,088
Loans, net 283,381 323,695 405,411 392,325
Premises and equipment, net 1,460 1,420 1,905 1,863
Accrued interest receivable 1,095 1,143 1,301 1,402
Other real estate owned 105 NA 0 192
Bank-owned life insurance 7,184 7,389 9,130 9,370
Other assets 4,815 5,262 5,570 5,313
Total other assets 14,659 NA NA NA
Total assets 408,840 444,780 509,999 504,025

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits

Demand deposits 117,261 135,580 134,341 143,635
Savings and NOW deposits 177,158 179,775 212,835 247,251
Time deposits 61,646 57,287 66,588 66,514
Total deposits 356,065 372,642 413,764 457,400
Securities sold under agreements to repurchase 3,921 1,915 2,694 2,449
Federal Home Loan Bank advances 17,500 31,500 54,058 2,318
Long-term subordinated debt 0 7,230 7,252 7,281
Other liabilities 1,882 1,751 1,944 2,358
Total liabilities 379,368 415,038 479,712 471,806

Stockholders' equity

Preferred stock 8,988 NA NA NA
Common stock 10,127 18,856 19,133 19,433
Retained earnings 10,549 11,288 12,017 13,657
Treasury stock (7) (7) (7) (7)
Unearned compensation - restricted stock awards (207) (206) (293) (420)
Accumulated other comprehensive loss 22 (189) (563) (444)
Total stockholders' equity 29,472 29,742 30,287 32,219
Total liabilities and stockholders' equity 408,840 444,780 509,999 504,025
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.

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