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Balance Sheet

Financial Highlights
2019 FQ3 YTD
9/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Assets ($000)
Cash and Due from Banks 56,994 55,962 58,693 53,003 38,769
Fed Funds Sold 0 0 0 0 0
Deposits at Financial Institutions 55,000 43,000 55,000 46,000 41,000
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 111,994 98,962 113,693 99,003 79,769
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 290,054 294,076 260,650 250,992 236,435
Held to Maturity Securities 481 526 648 184 243
Other Securities 11,915 15,300 17,075 14,881 14,884
Total Cash & Securities 414,444 408,864 392,066 365,060 331,330
Gross Loans Held for Investment 2,665,300 2,540,039 2,348,713 1,940,487 1,802,217
Loan Loss Reserve 30,250 28,331 26,683 25,884 25,382
Loans Held for Sale, before Reserves 22,909 6,613 10,435 9,607 5,523
Total Net Loans 2,657,959 2,518,321 2,332,465 1,924,210 1,782,358
Real Estate Owned and Held for Investment 0 1,205 1,532 455 1,321
Goodwill 100,069 98,569 98,569 61,798 61,798
Core Deposit Intangibles NA NA NA NA NA
Other Intangibles NA NA NA NA NA
Intangible Assets other than Goodwill 4,052 4,391 5,703 1,336 1,871
Total Intangible Assets 104,121 102,960 104,272 63,134 63,669
Loan Servicing Rights 9,859 10,119 9,808 9,595 9,248
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights 0 0 0 0 0
Total Servicing Rights 9,859 10,119 9,808 9,595 9,248
Fixed Assets 48,211 40,670 40,217 36,958 38,166
Interest Receivable 11,386 9,641 8,706 6,760 6,171
Prepaid Expense NA 3,791 3,747 2,469 2,061
Bank-owned Life Insurance 75,088 67,660 66,230 52,817 51,908
Other Assets 29,656 18,491 34,360 16,139 11,443
Total Other Assets 164,341 140,253 153,260 115,143 109,749
Total Assets 3,350,724 3,181,722 2,993,403 2,477,597 2,297,676
Memo: Consolidated VIE Assets NA 0 0 0 0
Memo: Covered Loans 0 0 0 0 0
Memo: Covered OREO 0 0 0 0 0
Memo: Covered Securities 0 0 0 0 0
Memo: Covered Assets 0 0 0 0 0
Liabilities ($000)
Total Deposits 2,760,615 2,620,882 2,437,656 1,981,628 1,836,137
FHLB Borrowings 85,095 85,189 84,279 103,943 59,902
Senior Debt 96,848 90,930 110,298 135,759 117,090
Trust Preferred (FAS 150) 36,083 36,083 36,083 36,083 36,083
Total Subordinated Debt 36,083 36,083 36,083 36,083 36,083
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 132,931 127,013 146,381 171,842 153,173
Total Other Liabilities 39,132 34,238 36,080 31,109 28,169
Total Liabilities 2,932,678 2,782,133 2,620,117 2,184,579 2,017,479
Memo: Consolidated VIE Liabilities NA 0 0 0 0
Mezzanine ($000)
Redeemable Preferred 0 0 0 0 0
Trust Preferred Securities 0 0 0 0 0
Total Minority Interest 0 0 0 0 0
Other Mezzanine Items 0 0 0 0 0
Total Mezzanine Level Items 0 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0 0
Other Preferred Equity 0 0 0 0 0
Total Preferred Equity 0 0 0 0 0
Common Equity 418,046 399,589 373,286 293,018 280,197
Equity Attributable to Parent Company 418,046 399,589 373,286 293,018 280,197
Noncontrolling Interests 0 0 0 0 0
Total Equity 418,046 399,589 373,286 293,018 280,197
Net Unrealized Gain 5,110 (2,057) 601 504 4,042
Tot Acc Other Comprehensive Inc 5,101 (2,148) 217 215 3,622
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 79.54 79.83 78.46 78.32 78.44
Loans/ Deposits 96.55 96.92 96.35 97.92 98.15
Loan Loss Reserves/ Gross Loans 1.13 1.11 1.13 1.33 1.40
Reserves/ Loans Held For Investment 1.13 1.12 1.14 1.33 1.41
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) 1,440,000 1,411,833 1,386,068 1,372,018 1,343,722
Level 1 Assets($000) 1 0 1 2 1
Level 2 Assets($000) 291,998 295,072 261,792 252,138 237,864
Level 3 Assets($000) 24 2,480 4,831 1,873 5,426
Level 1 Liabilities($000) 0 0 0 0 0
Level 2 Liabilities($000) 0 73 11 0 0
Level 3 Liabilities($000) 0 0 0 0 0
FTE Employees(actual) NA 696 674 581 586
Annualized Growth Rates (%)
Asset Growth 7.08 6.29 20.82 7.83 5.45
Gross Loans HFI Growth 6.58 8.15 21.04 7.67 9.44
Deposit Growth 7.11 7.52 23.01 7.92 4.28
Average Balances ($000)
Avg Gross Loans HFI 2,591,952 2,411,102 2,228,271 1,870,859 1,712,068
Avg Loans HFS 11,836 11,924 9,529 9,717 7,767
Average Loans, Gross of Reserves 2,567,646 2,382,941 2,198,639 1,853,419 1,687,413
Avg Securities 308,803 295,013 274,407 247,207 253,654
Avg Other Int Earn Assets 47,360 63,261 72,215 67,420 59,410
Avg Secs & Other Int Earn Assets 356,163 358,274 346,622 314,627 313,064
Avg Interest Earning Assets 2,923,809 2,741,215 2,545,261 2,168,046 2,000,477
Avg Assets 3,236,674 3,048,525 2,851,531 2,397,439 2,222,866
Avg CDs NA NA NA 430,487 441,510
Avg Other Interest-bearing Deposits NA NA NA 1,033,403 958,109
Avg Interest-bearing Deposits 2,094,693 1,945,114 1,769,786 1,463,890 1,399,619
Avg Debt 109,358 118,451 166,240 174,823 128,882
Avg Interest-bearing Liabs 2,204,051 2,063,565 1,936,026 1,638,713 1,528,501
Avg Noninterest-bearing Deposits 584,923 562,439 528,926 441,731 388,257
Avg Total Deposits 2,679,616 2,507,553 2,298,712 1,905,621 1,787,876
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 401,597 384,305 351,236 285,634 277,645
Avg Equity 401,597 384,305 351,236 285,634 277,645
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.