As Reported Financials

Document Name As Of Date Currency Code (in units) 2015 Y FIN SUPP 12/31/2015 USD 2016 Y FIN SUPP 12/31/2016 USD 2017 Y FIN SUPP 12/31/2017 USD 2018 Y FIN SUPP 12/31/2018 USD
Document Name As Of Date Currency Code 2015 Y FIN SUPP 12/31/2015 USD 2016 Y FIN SUPP 12/31/2016 USD 2017 Y FIN SUPP 12/31/2017 USD 2018 Y FIN SUPP 12/31/2018 USD

ASSETS

Cash and cash equivalents 24,202,855 14,675,984 20,891,996 26,508,809
Time deposits with other institutions 1,245,000 NA NA NA

Investment securities

Available-for-sale, at fair value 36,719,351 24,671,145 20,065,423 25,877,671
Held-to-maturity, at cost 8,208,026 8,510,078 8,472,520 0
Restricted equity securities 257,700 300,500 319,400 362,700
Loans held-for-sale 2,392,600 294,273 2,191,247 2,084,394
Factored accounts receivable, net of allowance NA 0 13,133,361 13,016,616
Loans, net of allowance for loan losses, and unearned income 158,383,959 196,995,118 206,257,695 247,137,383
Premises, equipment, and leasehold improvements, net of accumulated depreciation and amortization 5,127,864 6,969,889 12,195,800 16,806,789
Other real estate owned 3,275,081 3,275,081 3,128,821 3,531,898
Bank-owned life insurance 5,430,258 5,330,572 6,018,374 6,069,007
Goodwill NA 0 3,318,216 3,335,384
Investment in real estate joint venture 2,594,431 2,542,710 2,490,990 2,459,084
Accrued interest receivable and other assets 2,536,861 2,425,411 2,578,388 2,711,771
Total assets 250,373,986 265,990,761 301,062,231 349,901,506

LIABILITIES

Noninterest-bearing demand deposits 86,745,258 97,207,577 117,587,030 124,872,922
Interest-bearing demand and money market accounts 100,316,531 108,721,937 108,912,233 146,071,575
Savings deposits 12,805,092 14,759,518 18,446,522 20,455,112
Time deposits 24,608,189 17,447,997 18,614,976 16,617,472
Total deposits 224,475,070 238,137,029 263,560,761 308,017,081
Accrued interest payable and other liabilities 1,871,995 1,774,733 5,405,772 5,986,933
Borrowings NA 0 679,900 444,550
Total liabilities 226,347,065 239,911,762 269,646,433 314,448,564

STOCKHOLDERS' EQUITY

Common stock 10,831,180 11,395,110 13,728,790 14,767,317
Surplus 12,209,022 12,940,431 16,129,740 17,376,452
Unearned ESOP shares NA 0 (679,900) (444,550)
Retained earnings 915,753 1,714,383 2,293,572 3,866,856
Accumulated other comprehensive loss 70,966 29,075 (56,404) (113,133)
Total stockholders' equity 24,026,921 26,078,999 31,415,798 35,452,942
Total liabilities and stockholders' equity 250,373,986 265,990,761 301,062,231 349,901,506
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.