Financial Highlights


Financial Highlights
2019 FQ2 YTD
6/30/2019
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 38,036 38,599 37,444 33,805 26,975
Fed Funds Sold 0 0 0 0 0
Deposits at Financial Institutions 20,181 16,636 18,389 13,529 13,363
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 58,217 55,235 55,833 47,334 40,338
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 492,080 541,248 541,439 531,838 456,066
Held to Maturity Securities 0 0 0 0 247,746
Other Securities 10,608 13,433 11,926 9,676 10,277
Total Cash & Securities 560,905 609,916 609,198 588,848 754,427
Gross Loans Held for Investment 1,902,943 1,897,027 1,617,622 1,478,809 1,133,715
Loan Loss Reserve 19,372 19,006 17,461 16,158 16,223
Loans Held for Sale, before Reserves 5,142 2,984 4,067 4,918 2,849
Total Net Loans 1,888,713 1,881,005 1,604,228 1,467,569 1,120,341
Real Estate Owned and Held for Investment 5,668 7,175 8,371 11,916 19,141
Goodwill 18,680 18,680 8,375 8,375 0
Core Deposit Intangibles 2,881 3,134 547 643 0
Other Intangibles 0 0 0 0 0
Intangible Assets other than Goodwill 2,881 3,134 547 643 0
Total Intangible Assets 21,561 21,814 8,922 9,018 0
Loan Servicing Rights 5,818 7,357 6,944 6,489 5,847
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights 0 0 0 0 0
Total Servicing Rights 5,818 7,357 6,944 6,489 5,847
Fixed Assets 43,112 42,439 37,628 38,977 39,612
Interest Receivable 11,096 10,940 8,595 5,928 4,464
Prepaid Expense NA NA 2,348 2,308 2,167
Bank-owned Life Insurance 62,322 61,544 61,764 60,332 59,049
Other Assets 24,411 33,813 35,431 59,803 71,980
Total Other Assets 140,941 148,736 145,766 167,348 177,272
Total Assets 2,623,606 2,676,003 2,383,429 2,251,188 2,077,028
Memo: Consolidated VIE Assets NA NA 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 2,077,774 2,116,673 1,922,925 1,866,785 1,759,086
FHLB Borrowings 98,160 160,879 115,000 70,000 15,000
Senior Debt 197,095 255,669 188,976 139,713 49,570
Trust Preferred (FAS 150) 57,710 57,686 57,639 57,591 57,543
Total Subordinated Debt 57,710 57,686 57,639 57,591 102,543
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 254,805 313,355 246,615 197,304 152,113
Total Other Liabilities 33,763 16,894 13,539 11,889 9,900
Total Liabilities 2,366,342 2,446,922 2,183,079 2,075,978 1,921,099
Memo: Consolidated VIE Liabilities NA NA 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 257,264 229,081 200,350 175,210 155,929
Equity Attributable to Parent Company 257,264 229,081 200,350 175,210 155,929
Noncontrolling Interests 0 0 0 0 0
Total Equity 257,264 229,081 200,350 175,210 155,929
Net Unrealized Gain 7,887 (4,202) 2,238 (8,166) (12,280)
Tot Acc Other Comprehensive Inc 6,112 (4,079) 1,479 (8,762) (12,659)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 72.53 70.89 67.87 65.69 54.58
Loans/ Deposits 91.59 89.62 84.12 79.22 64.45
Loan Loss Reserves/ Gross Loans 1.02 1 1.08 1.09 1.43
Reserves/ Loans Held For Investment 1.02 1 1.08 1.09 1.43
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) NA NA 695,118 668,207 638,213
Level 1 Assets($000) 4,025 3,923 3,947 0 1,509
Level 2 Assets($000) 489,015 532,975 525,995 512,371 457,597
Level 3 Assets($000) 24,754 34,860 36,957 43,750 25,180
Level 1 Liabilities($000) 0 0 0 0 0
Level 2 Liabilities($000) 5,446 756 2,014 1,667 745
Level 3 Liabilities($000) 0 0 0 0 0
FTE Employees(actual) 532 518 450 467 450
Annualized Growth Rates (%)
Asset Growth (3.92) 12.28 5.87 8.39 0.78
Gross Loans HFI Growth 0.62 17.27 9.39 30.44 (2.21)
Deposit Growth (3.68) 10.08 3.01 6.12 4.39
Average Balances ($000)
Avg Gross Loans HFI 1,894,058 1,776,230 1,534,673 1,214,804 1,144,618
Avg Loans HFS 2,364 2,766 3,069 4,127 4,972
Average Loans, Gross of Reserves 1,896,422 1,778,996 1,537,742 1,218,931 1,149,590
Avg Securities 528,156 555,651 563,981 680,501 672,988
Avg Other Int Earn Assets 18,948 17,540 12,224 33,226 20,066
Avg Secs & Other Int Earn Assets 547,104 573,191 576,205 713,727 693,054
Avg Interest Earning Assets 2,443,526 2,352,187 2,113,947 1,932,658 1,842,644
Avg Assets 2,635,778 2,547,806 2,318,798 2,142,748 2,065,122
Avg CDs 433,964 443,520 389,771 404,285 410,691
Avg Other Interest-bearing Deposits 1,050,227 1,035,572 966,235 919,272 887,767
Avg Interest-bearing Deposits 1,484,191 1,479,092 1,356,006 1,323,557 1,298,458
Avg Debt 256,566 231,631 201,062 163,538 153,159
Avg Interest-bearing Liabs 1,740,757 1,710,723 1,557,068 1,487,095 1,451,617
Avg Noninterest-bearing Deposits 635,557 608,762 547,719 476,422 429,403
Avg Total Deposits 2,119,748 2,087,854 1,903,725 1,799,979 1,727,861
Avg Preferred Equity 0 0 0 0 20,820
Avg Common Equity 242,776 211,579 191,880 166,302 152,661
Avg Equity 242,776 211,579 191,880 166,302 173,390
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