Financial Highlights


Financial Highlights
2020 FQ1 YTD
3/31/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Assets ($000)
Cash and Due from Banks 27,627 34,096 38,599 37,444 33,805
Fed Funds Sold 0 0 0 0 0
Deposits at Financial Institutions 45,511 16,536 16,636 18,389 13,529
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 73,138 50,632 55,235 55,833 47,334
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 449,694 484,648 541,248 541,439 531,838
Held to Maturity Securities 0 0 0 0 0
Other Securities 9,917 9,917 13,433 11,926 9,676
Total Cash & Securities 532,749 545,197 609,916 609,198 588,848
Gross Loans Held for Investment 1,957,204 1,930,812 1,897,027 1,617,622 1,478,809
Loan Loss Reserve 30,045 19,789 19,006 17,461 16,158
Loans Held for Sale, before Reserves 10,049 3,061 2,984 4,067 4,918
Total Net Loans 1,937,208 1,914,084 1,881,005 1,604,228 1,467,569
Real Estate Owned and Held for Investment 5,049 5,004 7,175 8,371 11,916
Goodwill 18,680 18,680 18,680 8,375 8,375
Core Deposit Intangibles 2,467 2,595 3,134 547 643
Other Intangibles 0 0 0 0 0
Intangible Assets other than Goodwill 2,467 2,595 3,134 547 643
Total Intangible Assets 21,147 21,275 21,814 8,922 9,018
Loan Servicing Rights 4,108 5,935 7,357 6,944 6,489
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights 0 0 0 0 0
Total Servicing Rights 4,108 5,935 7,357 6,944 6,489
Fixed Assets 44,579 47,654 42,439 37,628 38,977
Interest Receivable 9,392 9,697 10,940 8,595 5,928
Prepaid Expense NA NA NA 2,348 2,308
Bank-owned Life Insurance 61,714 61,763 61,544 61,764 60,332
Other Assets 40,864 24,936 33,813 35,431 59,803
Total Other Assets 156,549 144,050 148,736 145,766 167,348
Total Assets 2,656,810 2,635,545 2,676,003 2,383,429 2,251,188
Memo: Consolidated VIE Assets NA NA NA 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 2,195,642 2,126,749 2,116,673 1,922,925 1,866,785
FHLB Borrowings 32,984 55,173 160,879 115,000 70,000
Senior Debt 128,517 151,436 255,669 188,976 139,713
Trust Preferred (FAS 150) 25,773 57,734 57,686 57,639 57,591
Total Subordinated Debt 25,773 57,734 57,686 57,639 57,591
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 154,290 209,170 313,355 246,615 197,304
Total Other Liabilities 41,101 21,762 16,894 13,539 11,889
Total Liabilities 2,391,033 2,357,681 2,446,922 2,183,079 2,075,978
Memo: Consolidated VIE Liabilities NA NA NA 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 265,777 277,864 229,081 200,350 175,210
Equity Attributable to Parent Company 265,777 277,864 229,081 200,350 175,210
Noncontrolling Interests 0 0 0 0 0
Total Equity 265,777 277,864 229,081 200,350 175,210
Net Unrealized Gain 2,101 6,663 (4,202) 2,238 (8,166)
Tot Acc Other Comprehensive Inc (1,819) 4,562 (4,079) 1,479 (8,762)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 73.67 73.26 70.89 67.87 65.69
Loans/ Deposits 89.14 90.79 89.62 84.12 79.22
Loan Loss Reserves/ Gross Loans 1.53 1.02 1 1.08 1.09
Reserves/ Loans Held For Investment 1.54 1.02 1 1.08 1.09
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) NA NA NA 695,118 668,207
Level 1 Assets($000) 4,152 4,036 3,923 3,947 0
Level 2 Assets($000) 456,281 481,275 532,975 525,995 512,371
Level 3 Assets($000) 43,750 23,793 34,860 36,957 43,750
Level 1 Liabilities($000) 0 0 0 0 0
Level 2 Liabilities($000) 16,912 5,974 756 2,014 1,667
Level 3 Liabilities($000) 0 0 0 0 0
FTE Employees(actual) 540 535 518 450 467
Annualized Growth Rates (%)
Asset Growth 3.23 (1.51) 12.28 5.87 8.39
Gross Loans HFI Growth 5.47 1.78 17.27 9.39 30.44
Deposit Growth 12.96 0.48 10.08 3.01 6.12
Average Balances ($000)
Avg Gross Loans HFI 1,941,760 1,894,745 1,776,230 1,534,673 1,214,804
Avg Loans HFS 3,623 3,164 2,766 3,069 4,127
Average Loans, Gross of Reserves 1,945,383 1,897,909 1,778,996 1,537,742 1,218,931
Avg Securities 485,635 513,966 555,651 563,981 680,501
Avg Other Int Earn Assets 27,989 21,783 17,540 12,224 33,226
Avg Secs & Other Int Earn Assets 513,624 535,749 573,191 576,205 713,727
Avg Interest Earning Assets 2,459,007 2,433,658 2,352,187 2,113,947 1,932,658
Avg Assets 2,640,761 2,623,443 2,547,806 2,318,798 2,142,748
Avg CDs 448,763 431,377 443,520 389,771 404,285
Avg Other Interest-bearing Deposits 1,025,511 1,030,620 1,035,572 966,235 919,272
Avg Interest-bearing Deposits 1,474,274 1,461,997 1,479,092 1,356,006 1,323,557
Avg Debt 177,140 231,385 231,631 201,062 163,538
Avg Interest-bearing Liabs 1,651,414 1,693,382 1,710,723 1,557,068 1,487,095
Avg Noninterest-bearing Deposits 676,755 650,400 608,762 547,719 476,422
Avg Total Deposits 2,151,029 2,112,397 2,087,854 1,903,725 1,799,979
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 284,102 256,677 211,579 191,880 166,302
Avg Equity 284,102 256,677 211,579 191,880 166,302
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.