Balance Sheet

Financial Highlights
12/31/2015
12/31/2016
3/31/2017
12/31/2017
Assets ($000)
Cash and Due from Banks 13,777 19,830 25,119 36,073
Fed Funds Sold 0 0 0 0
Deposits at Financial Institutions 13,362 14,724 11,472 25,869
Securities Purchased, to Resell 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0
Cash and Cash Equivalents 27,139 34,554 36,591 61,942
Trading Account Securities 0 0 0 0
Available for Sale Securities 284,795 369,739 362,328 464,430
Held to Maturity Securities 172,277 432,499 421,850 472,213
Other Securities 3,735 2,042 2,042 1,918
Total Cash & Securities 487,946 838,835 822,812 1,000,503
Gross Loans Held for Investment 874,769 964,972 1,026,143 1,162,278
Loan Loss Reserve 8,703 9,155 9,181 8,599
Loans Held for Sale, before Reserves 3,653 28,065 25,098 45,700
Total Net Loans 869,719 983,882 1,042,060 1,199,379
Real Estate Owned and Held for Investment 11,313 10,174 9,944 6,966
Goodwill 0 5,011 5,011 5,011
Core Deposit Intangibles 0 0 0 0
Other Intangibles 0 61 35 0
Intangible Assets other than Goodwill 0 61 35 0
Total Intangible Assets 0 5,072 5,046 5,011
Loan Servicing Rights 0 0 0 0
Credit Card Rights NA NA NA NA
Other Loan Servicing Rights NA NA NA NA
Total Servicing Rights 4,886 5,352 5,298 NA
Fixed Assets 46,164 57,040 58,926 74,947
Interest Receivable 4,216 5,497 5,987 NA
Prepaid Expense 2,071 2,354 2,823 NA
Bank-owned Life Insurance 0 0 0 0
Other Assets 12,509 15,725 15,692 35,541
Total Other Assets 64,960 80,616 83,428 110,488
Total Assets 1,438,824 1,923,931 1,968,588 2,322,347
Memo: Consolidated VIE Assets 0 0 0 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 1,249,298 1,677,670 1,720,512 2,063,295
FHLB Borrowings 47,000 0 0 0
Senior Debt 47,000 0 0 0
Trust Preferred (FAS 150) 21,857 21,881 21,648 21,681
Total Subordinated Debt 21,857 21,881 21,648 21,681
Redeemable Financial Instruments (FAS 150) 0 0 0 0
Total Debt 68,857 21,881 21,648 21,681
Total Other Liabilities 7,294 9,327 8,104 10,911
Total Liabilities 1,325,449 1,708,878 1,750,264 2,095,887
Memo: Consolidated VIE Liabilities 0 0 0 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 113,375 215,053 218,324 226,460
Equity Attributable to Parent Company 113,375 215,053 218,324 226,460
Noncontrolling Interests 0 0 0 0
Total Equity 113,375 215,053 218,324 226,460
Net Unrealized Gain (3,165) (7,294) (6,644) (7,509)
Tot Acc Other Comprehensive Inc (3,165) (7,294) (6,644) (7,509)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 60.80 50.16 52.13 50.05
Loans/ Deposits 70.02 57.52 59.64 56.33
Loan Loss Reserves/ Gross Loans 0.99 0.92 0.87 0.71
Reserves/ Loans Held For Investment 0.99 0.95 0.89 0.74
One Year Gap/ Assets 10.54 21.39 NA NA
1-4 Loans Serviced for Others($000) 0 0 0 0
Level 1 Assets($000) 0 0 0 NA
Level 2 Assets($000) 280,078 389,630 377,938 NA
Level 3 Assets($000) 25,371 27,816 19,456 NA
Level 1 Liabilities($000) 0 0 0 NA
Level 2 Liabilities($000) 0 218 402 NA
Level 3 Liabilities($000) 0 0 0 NA
FTE Employees(actual) 277 306 383 NA
Annualized Growth Rates (%)
Asset Growth 18.46 33.72 9.28 20.71
Gross Loans HFI Growth 11.87 10.31 25.36 20.45
Deposit Growth 16.51 34.29 10.21 22.99
Average Balances ($000)
Avg Gross Loans HFI 821,348 923,571 995,558 1,062,921
Avg Loans HFS 2,893 13,261 26,582 33,310
Average Loans, Gross of Reserves 820,820 936,492 1,008,329 1,090,851
Avg Securities 309,018 506,545 808,029 811,269
Avg Other Int Earn Assets 106,876 92,452 23,929 48,148
Avg Secs & Other Int Earn Assets 415,894 598,997 831,958 859,417
Avg Interest Earning Assets 1,236,714 1,535,489 1,840,287 1,950,268
Avg Assets 1,310,587 1,632,391 1,942,107 2,066,038
Avg CDs 73,819 89,713 107,923 110,952
Avg Other Interest-bearing Deposits 857,901 1,097,495 1,227,271 1,317,050
Avg Interest-bearing Deposits 931,720 1,187,208 1,335,194 1,428,002
Avg Debt 22,008 27,471 53,138 35,429
Avg Interest-bearing Liabs 953,728 1,214,679 1,388,332 1,463,431
Avg Noninterest-bearing Deposits 235,810 284,326 329,015 372,171
Avg Total Deposits 1,167,530 1,471,534 1,664,209 1,800,173
Avg Preferred Equity 0 0 0 0
Avg Common Equity 113,709 124,519 216,465 221,494
Avg Equity 113,709 124,519 216,465 221,494
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.