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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 53,998 46,566 53,885 55,962
Fed Funds Sold 0 0 0 0
Deposits at Financial Institutions 116,000 92,000 53,000 43,000
Securities Purchased, to Resell 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0
Cash and Cash Equivalents 169,998 138,566 106,885 98,962
Trading Account Securities 0 0 0 0
Available for Sale Securities 260,601 270,110 286,350 294,076
Held to Maturity Securities 771 642 607 526
Other Securities 17,075 17,072 17,072 14,217
Total Cash & Securities 448,445 426,391 410,914 407,781
Gross Loans Held for Investment 2,238,006 2,358,330 2,385,344 2,540,039
Loan Loss Reserve 25,749 27,267 27,321 28,331
Loans Held for Sale, before Reserves 7,955 11,266 15,422 6,613
Total Net Loans 2,220,212 2,342,329 2,373,445 2,518,321
Real Estate Owned and Held for Investment 705 1,440 1,795 1,205
Goodwill 90,768 98,569 98,569 98,569
Core Deposit Intangibles NA NA NA NA
Other Intangibles NA NA NA NA
Intangible Assets other than Goodwill 6,004 5,356 5,024 4,391
Total Intangible Assets 96,772 103,925 103,593 102,960
Loan Servicing Rights 9,672 9,850 9,948 10,119
Credit Card Rights 0 0 0 0
Other Loan Servicing Rights 0 0 0 0
Total Servicing Rights 9,672 9,850 9,948 10,119
Fixed Assets 42,824 39,826 40,444 40,670
Interest Receivable 8,872 9,359 9,475 9,641
Prepaid Expense 4,067 4,921 4,137 NA
Bank-owned Life Insurance 64,968 66,630 66,860 67,660
Other Assets 32,160 18,312 18,963 24,019
Total Other Assets 152,891 139,048 139,879 141,990
Total Assets 2,928,697 3,022,984 3,039,574 3,182,376
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 2,373,789 2,491,801 2,489,128 2,620,882
FHLB Borrowings 105,104 71,001 85,722 85,189
Senior Debt 129,995 80,322 92,621 90,930
Trust Preferred (FAS 150) 36,083 36,083 36,083 36,083
Total Subordinated Debt 36,083 36,083 36,083 36,083
Redeemable Financial Instruments (FAS 150) 0 0 0 0
Total Debt 166,078 116,405 128,704 127,013
Total Other Liabilities 34,639 35,564 34,822 34,892
Total Liabilities 2,574,506 2,643,770 2,652,654 2,782,787
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 354,191 379,214 386,920 399,589
Equity Attributable to Parent Company 354,191 379,214 386,920 399,589
Noncontrolling Interests 0 0 0 0
Total Equity 354,191 379,214 386,920 399,589
Net Unrealized Gain 1,531 (2,080) (2,769) NA
Tot Acc Other Comprehensive Inc 1,242 (2,546) (3,235) (2,148)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 76.42 78.01 78.48 79.82
Loans/ Deposits 94.28 94.64 95.83 96.92
Loan Loss Reserves/ Gross Loans 1.15 1.15 1.14 1.11
Reserves/ Loans Held For Investment 1.15 1.16 1.15 1.12
One Year Gap/ Assets NA NA NA NA
1-4 Loans Serviced for Others($000) 1,377,568 1,394,127 1,401,108 NA
Level 1 Assets($000) 1 0 0 NA
Level 2 Assets($000) 262,329 271,301 287,717 NA
Level 3 Assets($000) 1,252 705 2,419 NA
Level 1 Liabilities($000) 0 0 0 NA
Level 2 Liabilities($000) 42 12 27 NA
Level 3 Liabilities($000) 0 0 0 NA
FTE Employees(actual) 622 645 657 NA
Annualized Growth Rates (%)
Asset Growth 72.83 3.95 2.20 6.31
Gross Loans HFI Growth 61.33 1.64 4.58 8.15
Deposit Growth 79.16 8.88 (0.43) 7.52
Average Balances ($000)
Avg Gross Loans HFI 2,089,247 2,353,522 2,371,837 2,411,102
Avg Loans HFS 8,781 10,851 13,344 11,924
Average Loans, Gross of Reserves 2,026,067 2,316,316 2,337,294 2,382,941
Avg Securities 269,394 279,587 296,120 295,013
Avg Other Int Earn Assets 60,083 68,211 80,914 63,261
Avg Secs & Other Int Earn Assets 329,477 347,798 377,034 358,274
Avg Interest Earning Assets 2,355,544 2,664,114 2,714,328 2,741,215
Avg Assets 2,622,402 2,977,864 3,018,808 3,048,525
Avg CDs NA NA NA NA
Avg Other Interest-bearing Deposits NA NA NA NA
Avg Interest-bearing Deposits 1,626,742 1,888,990 1,933,409 1,945,114
Avg Debt 166,087 131,097 112,599 118,451
Avg Interest-bearing Liabs 1,792,829 2,020,087 2,046,008 2,063,565
Avg Noninterest-bearing Deposits 482,895 545,450 554,021 562,439
Avg Total Deposits 2,109,637 2,434,440 2,487,430 2,507,553
Avg Preferred Equity 0 0 0 0
Avg Common Equity 314,442 373,993 381,165 384,305
Avg Equity 314,442 373,993 381,165 384,305
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.