Financial Statements

Investor Relations

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As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 8/20/2018 USD 2017 Y 9/30/2018 USD 2018 Q3 YTD 9/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 8/20/2018 USD 2017 Y 9/30/2018 USD 2018 Q3 YTD 9/30/2018 USD

Assets

Cash and due from banks 5,067 5,257 1,037 7,428 8,939
Federal funds sold 13,895 NA NA NA NA
Interest-bearing deposits at other financial institutions 10,915 23,443 18,707 15,139 46,396
Federal funds sold and Federal Home Loan Bank deposit NA NA 202,523 NA NA
Total cash and cash equivalents NA NA 19,946,968 NA NA
Investment securities available for sale NA NA 16,855,645 NA NA
Federal Home Loan Bank stock, at cost NA NA 1,757,500 NA NA
Securities held-to-maturity 0 2,247 NA 1,760 1,761
Securities available-for-sale, at fair value 62,697 65,548 NA 115,952 111,370
Restricted stock, at cost 3,887 4,048 NA 3,438 3,800
Loans, net of allowance for loan losses 504,373 617,320 159,423 880,952 969,728
Premises and equipment, net 1,745 1,512 752 1,236 1,420
Accrued interest receivable 1,576 1,908 554 2,964 3,652
Foreclosed real estate NA NA 94,190 NA NA
Deferred income taxes NA NA 1,172,586 NA NA
Prepaid expenses 739 648 NA 698 928
Deferred tax assets, net 3,210 3,685 NA 3,155 3,664
Core deposit intangible, net 160 139 NA 99 83
Bank owned life insurance (BOLI) 10,199 10,525 NA 15,969 16,297
Other real estate owned (OREO) NA NA NA 3,866 3,866
Other assets 173 527 327 568 3,533
Total assets 604,756 736,807 200,883 1,053,224 1,175,437

Liabilities and Stockholders' Equity

Liabilities

Deposits
Noninterest-bearing 105,126 129,078 14,837 175,446 211,808
Interest-bearing NA NA 130,258,085 NA NA
Interest-bearing checking, savings and money market 200,355 285,623 NA 379,101 498,325
Time deposits 198,739 211,938 NA 373,616 283,853
Total deposits 504,220 626,640 145,095 928,163 993,986
Federal funds purchased NA NA NA 0 15,000
FHLB advances 32,500,000 35,650,000 NA NA NA
Subordinated notes, net of issuance costs NA 0 NA 24,327 24,387
Securities sold under repurchase agreements NA NA 74,328 NA NA
Federal Home Loan Bank advances NA NA 35,000,000 NA NA
Accrued interest payable 153 133 74 417 881
Accrued expenses and other liabilities 1,067 1,633 509 2,034 2,407
Total liabilities 537,941 664,056 NA 954,941 1,036,661

Stockholders' Equity

Preferred stock 0 0 NA 0 0
Common stock 25,952 65 3,442 109 129
Additional paid-in capital 35,728 62,344 28,591 74,008 107,358
Accumulated deficit NA NA (11,757,975) NA NA
Retained earnings 5,538 10,957 NA 25,859 35,318
Accumulated other comprehensive (loss), net (404) (614) (143) (1,693) (4,029)
Total stockholders' equity 66,815 72,752 20,132 98,283 138,776
Total liabilities and stockholders' equity 604,756 736,807 200,883 1,053,224 1,175,437
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.