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Balance Sheet
Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Assets ($000)
Cash and Due from Banks 8,251 12,816 9,870 14,678
Fed Funds Sold 157 500 531 0
Deposits at Financial Institutions 12,836 43,306 16,508 17,054
Securities Purchased, to Resell 0 0 0 0
Other Cash & Cash Equivalents 634 44 18 1,051
Cash and Cash Equivalents 21,878 56,666 26,927 32,783
Trading Account Securities 0 0 0 0
Available for Sale Securities 59,665 47,730 45,957 41,255
Held to Maturity Securities 0 0 0 0
Other Securities 2,187 903 903 903
Total Cash & Securities 83,730 105,299 73,787 74,941
Gross Loans Held for Investment 407,080 393,354 395,814 388,359
Loan Loss Reserve 3,869 4,099 4,167 4,387
Loans Held for Sale, before Reserves 747 1,211 5,056 2,154
Total Net Loans 403,958 390,466 396,703 386,126
Real Estate Owned and Held for Investment 570 192 0 0
Goodwill 0 0 0 0
Core Deposit Intangibles 0 0 0 0
Other Intangibles 0 0 0 0
Intangible Assets other than Goodwill 0 0 0 0
Total Intangible Assets 0 0 0 0
Loan Servicing Rights 1,961 NA NA 2,838
Credit Card Rights 0 0 0 0
Other Loan Servicing Rights 0 0 0 0
Total Servicing Rights 1,961 NA NA 2,838
Fixed Assets 1,841 1,782 1,675 1,450
Interest Receivable 1,222 1,221 1,274 1,232
Prepaid Expense NA NA NA NA
Bank-owned Life Insurance 9,191 9,428 9,485 9,602
Other Assets 3,262 5,528 5,475 2,487
Total Other Assets 15,516 17,959 17,909 14,771
Total Assets 505,735 513,916 488,399 478,676
Memo: Consolidated VIE Assets NA NA NA NA
Memo: Covered Loans 0 0 0 0
Memo: Covered OREO 0 0 0 0
Memo: Covered Securities 0 0 0 0
Memo: Covered Assets 0 0 0 0
Liabilities ($000)
Total Deposits 427,041 466,600 439,416 428,045
FHLB Borrowings 36,318 2,318 3,747 3,748
Senior Debt 38,743 5,438 6,608 5,872
Trust Preferred (FAS 150) 0 0 0 0
Total Subordinated Debt 7,259 7,288 7,295 7,310
Redeemable Financial Instruments (FAS 150) 0 0 0 0
Total Debt 46,002 12,726 13,903 13,182
Total Other Liabilities 1,924 2,345 2,106 2,320
Total Liabilities 474,967 481,671 455,425 443,547
Memo: Consolidated VIE Liabilities NA NA NA NA
Mezzanine ($000)
Redeemable Preferred 0 0 0 0
Trust Preferred Securities 0 0 0 0
Total Minority Interest 0 0 0 0
Other Mezzanine Items 0 0 0 0
Total Mezzanine Level Items 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0
Other Preferred Equity 0 0 0 0
Total Preferred Equity 0 0 0 0
Common Equity 30,768 32,245 32,974 35,129
Equity Attributable to Parent Company 30,768 32,245 32,974 35,129
Noncontrolling Interests 0 0 0 0
Total Equity 30,768 32,245 32,974 35,129
Net Unrealized Gain (443) (1,193) (1,315) (998)
Tot Acc Other Comprehensive Inc (443) (1,193) (1,315) (998)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 80.49 76.54 81.04 81.13
Loans/ Deposits 95.33 84.30 90.08 90.73
Loan Loss Reserves/ Gross Loans 0.95 1.04 1.04 1.12
Reserves/ Loans Held For Investment 0.95 1.04 1.05 1.13
One Year Gap/ Assets NA NA NA NA
1-4 Loans Serviced for Others($000) 312,500 NA NA 380,200
Level 1 Assets($000) 0 NA NA 0
Level 2 Assets($000) 59,665 NA NA 41,255
Level 3 Assets($000) 570 NA NA 51
Level 1 Liabilities($000) NA NA NA 0
Level 2 Liabilities($000) NA NA NA 0
Level 3 Liabilities($000) NA NA NA 45
FTE Employees(actual) 79 69 68 69
Annualized Growth Rates (%)
Asset Growth (3.34) 7.85 (19.86) (5.03)
Gross Loans HFI Growth (2.04) (3.09) 2.50 (2.03)
Deposit Growth 12.84 8.05 (23.30) (6.42)
Average Balances ($000)
Avg Gross Loans HFI 408,122 394,884 394,584 393,821
Avg Loans HFS 1,774 1,735 3,134 2,344
Average Loans, Gross of Reserves 412,625 396,619 397,718 396,165
Avg Securities 61,911 NA NA NA
Avg Other Int Earn Assets 12,563 NA NA NA
Avg Secs & Other Int Earn Assets 74,474 86,949 68,674 85,089
Avg Interest Earning Assets 487,099 483,567 466,391 481,254
Avg Assets 510,481 508,971 501,158 506,446
Avg CDs 67,042 NA NA NA
Avg Other Interest-bearing Deposits 228,353 NA NA NA
Avg Interest-bearing Deposits 295,395 NA NA NA
Avg Debt 48,051 NA NA NA
Avg Interest-bearing Liabs 343,446 NA NA NA
Avg Noninterest-bearing Deposits NA NA NA NA
Avg Total Deposits 420,403 462,000 453,008 457,000
Avg Preferred Equity 0 0 0 0
Avg Common Equity 30,959 32,232 32,610 33,135
Avg Equity 30,959 32,232 32,610 33,135
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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