Financial Highlights
2020 FQ1 YTD
3/31/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Assets ($000)
Cash and Due from Banks 8,762 7,471 7,853 7,256 4,898
Fed Funds Sold 0 0 126 40 60
Deposits at Financial Institutions 101,728 87,019 93,716 30,873 49,717
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 110,490 94,490 101,695 38,169 54,675
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 139,413 122,729 61,055 54,699 48,312
Held to Maturity Securities 0 0 36,177 41,570 44,073
Other Securities 6,958 7,619 7,403 8,447 7,873
Total Cash & Securities 256,861 224,838 206,330 142,885 154,933
Gross Loans Held for Investment 1,336,821 1,325,532 1,161,455 1,006,872 894,422
Loan Loss Reserve 11,176 10,756 9,731 8,927 8,202
Loans Held for Sale, before Reserves 0 0 0 0 0
Total Net Loans 1,325,645 1,314,776 1,151,724 997,945 886,220
Real Estate Owned and Held for Investment 0 0 379 379 0
Fixed Assets 9,189 9,572 2,852 2,480 2,471
Interest Receivable 3,982 4,010 3,623 3,263 2,988
Prepaid Expense NA NA NA 758 NA
Bank-owned Life Insurance 20,237 20,118 19,617 19,093 18,540
Other Assets 7,131 8,569 10,096 8,222 10,205
Total Other Assets 40,539 42,269 36,188 33,816 34,204
Total Assets 1,623,045 1,581,883 1,394,621 1,175,025 1,075,357
Liabilities ($000)
Total Deposits 1,379,442 1,308,704 1,138,368 896,941 832,865
FHLB Borrowings 37,000 62,000 68,500 108,500 104,000
Senior Debt 44,172 81,474 83,501 118,501 118,206
Total Subordinated Debt 24,642 24,630 24,581 24,531 0
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 68,814 106,104 108,082 143,032 118,206
Total Other Liabilities 4,018 5,093 6,153 6,185 5,491
Total Liabilities 1,452,274 1,419,901 1,252,603 1,046,158 956,562
Memo: Consolidated VIE Liabilities NA NA NA 0 0
Equity ($000)
Common Equity 170,771 161,982 142,018 128,867 118,795
Equity Attributable to Parent Company 170,771 161,982 142,018 128,867 118,795
Total Equity 170,771 161,982 142,018 128,867 118,795
Net Unrealized Gain 3,606 777 (955) (671) (457)
Tot Acc Other Comprehensive Inc 3,606 777 (955) (671) (457)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 82.36 83.79 83.28 85.69 83.17
Loans/ Deposits 96.91 101.29 102.03 112.26 107.39
Loan Loss Reserves/ Gross Loans 0.84 0.81 0.84 0.89 0.92
Reserves/ Loans Held For Investment 0.84 0.81 0.84 0.89 0.92
FTE Employees(actual)
FTE Employees(actual) 137 131 140 125 111
Annualized Growth Rates (%)
Asset Growth 10.41 13.43 18.69 9.27 15.80
Gross Loan Growth 3.41 14.13 15.35 12.57 14.41
Deposit Growth 21.62 14.96 26.92 7.69 13.96
Average Balances ($000)
Avg Gross Loans 1,320,447 1,225,187 1,056,324 947,287 824,830
Average Loans, Gross of Reserves 1,320,447 1,225,187 1,056,324 947,287 824,830
Avg Securities 136,918 114,127 104,214 98,170 94,518
Avg Other Int Earn Assets 93,474 92,051 84,018 43,720 32,730
Avg Secs & Other Int Earn Assets 230,392 206,178 188,232 141,890 127,248
Avg Interest Earning Assets 1,550,839 1,431,365 1,244,556 1,089,177 952,078
Avg Assets 1,589,571 1,470,567 1,277,035 1,122,016 980,069
Avg CDs 592,889 533,633 495,206 435,923 378,109
Avg Other Interest-bearing Deposits 472,760 440,540 316,427 253,020 238,965
Avg Interest-bearing Deposits 1,065,649 974,173 811,633 688,943 617,074
Avg Debt 69,470 77,044 112,180 120,118 90,764
Avg Interest-bearing Liabs 1,135,119 1,051,217 923,813 809,061 707,838
Avg Total Deposits 1,344,073 1,234,091 1,011,429 869,422 769,034
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 166,602 152,903 135,510 125,758 114,199
Avg Equity 166,602 152,903 135,510 125,758 114,199
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