Financial Statements

Investor Relations

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As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 8/20/2018 USD 2017 Y 12/31/2018 USD 2018 Y 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 8/20/2018 USD 2017 Y 12/31/2018 USD 2018 Y 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD

Assets

Cash and due from banks 5,257 1,037 7,428 9,435 15,201
Interest-bearing deposits at other financial institutions 23,443 18,707 15,139 34,060 29,149
Federal funds sold and Federal Home Loan Bank deposit NA 202,523 NA NA NA
Total cash and cash equivalents NA 19,946,968 NA NA NA
Investment securities available for sale NA 16,855,645 NA NA NA
Federal Home Loan Bank stock, at cost NA 1,757,500 NA NA NA
Securities held-to-maturity 2,247 NA 1,760 1,761 1,761
Securities available-for-sale, at fair value 65,548 NA 115,952 123,537 134,471
Restricted stock, at cost 4,048 NA 3,438 5,299 5,379
Loans, net of allowance for loan losses 617,320 159,423 880,952 1,127,584 1,224,376
Premises and equipment, net 1,512 752 1,236 2,271 2,049
Accrued interest receivable 1,908 554 2,964 4,050 4,653
Foreclosed real estate NA 94,190 NA NA NA
Deferred income taxes NA 1,172,586 NA NA NA
Prepaid expenses 648 NA 698 892 1,548
Deferred tax assets, net 3,685 NA 3,155 8,591 7,857
Goodwill and intangibles, net 139 NA 99 8,443 8,223
Bank owned life insurance (BOLI) 10,525 NA 15,969 16,406 26,621
Other real estate owned (OREO) NA NA 3,866 4,224 3,866
Operating lease right-of-use assets NA NA NA 0 11,843
Other assets 527 327 568 5,023 7,603
Total assets 736,807 200,883 1,053,224 1,351,576 1,484,600

Liabilities and Stockholders' Equity

Liabilities

Deposits
Noninterest-bearing 129,078 14,837 175,446 233,318 270,711
Interest-bearing NA 130,258,085 NA NA NA
Interest-bearing checking, savings and money market 285,623 NA 379,101 583,736 606,716
Time deposits 211,938 NA 373,616 345,386 391,947
Total deposits 626,640 145,095 928,163 1,162,440 1,269,374
FHLB advances 35,650,000 NA NA NA NA
Subordinated notes, net of issuance costs 0 NA 24,327 24,407 24,447
Securities sold under repurchase agreements NA 74,328 NA NA NA
Federal Home Loan Bank advances NA 35,000,000 NA NA NA
Accrued interest payable 133 74 417 811 809
Operating lease liabilities NA NA NA 0 12,177
Accrued expenses and other liabilities 1,633 509 2,034 5,582 7,630
Total liabilities 664,056 NA 954,941 1,193,240 1,314,437

Stockholders' Equity

Preferred stock 0 NA 0 0 0
Shares issued and outstanding NA NA 0 NA NA
Shares authorized NA NA 20,000,000 NA NA
Common stock 65 3,442 109 137 138
Additional paid-in capital 62,344 28,591 74,008 123,882 125,021
Accumulated deficit NA (11,757,975) NA NA NA
Retained earnings 10,957 NA 25,859 36,728 44,653
Accumulated other comprehensive income (loss), net (614) (143) (1,693) (2,411) 351
Total stockholders' equity 72,752 20,132 98,283 158,336 170,163
Total liabilities and stockholders' equity 736,807 200,883 1,053,224 1,351,576 1,484,600
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.