Financial Highlights
2019 FQ3 YTD
9/30/2019
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 5,770 5,914 4,415 24,580 11,550
Fed Funds Sold 101 101 101 101 101
Deposits at Financial Institutions 221,242 154,758 108,931 138,010 58,509
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 227,113 160,773 113,447 162,691 70,160
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 349,989 377,936 327,633 305,388 195,630
Held to Maturity Securities 0 0 0 0 0
Other Securities 29,284 23,252 13,378 13,813 13,984
Total Cash & Securities 606,386 561,961 454,458 481,892 279,774
Gross Loans Held for Investment 4,159,912 3,927,931 3,704,440 3,312,144 2,913,242
Loan Loss Reserve 41,580 38,504 36,440 32,208 25,856
Loans Held for Sale, before Reserves 7,693 5,118 1,171 1,588 83,758
Total Net Loans 4,126,025 3,894,545 3,669,171 3,281,524 2,971,144
Real Estate Owned and Held for Investment 336 0 2,090 534 563
Goodwill 33,817 24,417 17,107 1,573 1,573
Core Deposit Intangibles 0 0 0 0 0
Other Intangibles 8,186 8,703 6,729 1,584 1,708
Intangible Assets other than Goodwill 8,186 8,703 6,729 1,584 1,708
Total Intangible Assets 42,003 33,120 23,836 3,157 3,281
Loan Servicing Rights 88 90 440 0 0
Credit Card Rights NA NA 0 0 0
Other Loan Servicing Rights NA NA 99 0 0
Total Servicing Rights NA NA 539 0 0
Fixed Assets 36,491 27,408 29,476 30,371 30,246
Interest Receivable 11,759 10,814 9,452 8,153 6,820
Prepaid Expense NA 1,456 NA NA NA
Bank-owned Life Insurance 45,940 45,353 44,586 43,806 42,885
Other Assets 56,381 43,111 26,939 29,196 29,946
Total Other Assets 150,571 128,142 110,453 111,526 109,897
Total Assets 4,925,409 4,617,858 4,260,547 3,878,633 3,364,659
Memo: Consolidated VIE Assets 0 0 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 4,061,356 3,895,340 3,698,354 3,411,837 2,935,470
FHLB Borrowings 172,000 108,000 37,898 61,795 124,392
Senior Debt 190,412 116,362 46,970 71,488 134,614
Trust Preferred (FAS 150) 0 0 0 0 0
Total Subordinated Debt 83,361 83,193 83,024 48,764 0
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 273,773 199,555 129,994 120,252 134,614
Total Other Liabilities 94,930 53,950 28,521 22,334 18,899
Total Liabilities 4,430,059 4,148,845 3,856,869 3,554,423 3,088,983
Memo: Consolidated VIE Liabilities 0 0 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 495,350 469,013 403,678 324,210 275,676
Equity Attributable to Parent Company 495,350 469,013 403,678 324,210 275,676
Noncontrolling Interests 0 0 0 0 0
Total Equity 495,350 469,013 403,678 324,210 275,676
Net Unrealized Gain 1,481 (3,006) (2,214) (1,091) 408
Tot Acc Other Comprehensive Inc (1,829) (2,345) (1,212) (1,531) (379)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 84.46 85.06 86.95 85.39 86.58
Loans/ Deposits 102.43 100.84 100.16 97.08 99.24
Loan Loss Reserves/ Gross Loans 1 0.98 0.98 0.97 0.86
Reserves/ Loans Held For Investment 1 0.98 0.98 0.97 0.89
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) 12,266 12,590 43,200 435 520
Level 1 Assets($000) 7,881 4,719 4,824 4,825 2,939
Level 2 Assets($000) 394,824 390,858 328,318 303,429 195,459
Level 3 Assets($000) 14,507 0 0 245 581
Level 1 Liabilities($000) 0 0 0 0 0
Level 2 Liabilities($000) 48,019 10,538 3,131 2,410 2,540
Level 3 Liabilities($000) 0 0 0 0 0
FTE Employees(actual) 439 409 384 338 319
Annualized Growth Rates (%)
Asset Growth 8.88 8.39 9.85 15.28 24.51
Gross Loans HFI Growth 7.87 6.03 11.84 13.69 29.46
Deposit Growth 5.68 5.33 8.40 16.23 27.70
Average Balances ($000)
Avg Gross Loans HFI 3,990,226 3,761,494 3,569,790 3,177,348 2,677,006
Avg Loans HFS 4,535 3,718 1,612 17,207 1,144
Average Loans, Gross of Reserves 3,950,594 3,763,747 3,565,988 3,193,004 2,678,150
Avg Securities 406,936 383,748 326,636 236,205 262,310
Avg Other Int Earn Assets 245,254 103,160 115,668 128,589 95,388
Avg Secs & Other Int Earn Assets 652,190 486,908 442,304 364,794 357,698
Avg Interest Earning Assets 4,602,784 4,250,655 4,008,292 3,557,798 3,035,848
Avg Assets 4,723,665 4,350,335 4,095,113 3,654,377 3,120,429
Avg CDs 667,921 618,912 573,927 549,620 457,563
Avg Other Interest-bearing Deposits 2,811,578 2,499,707 2,469,933 2,139,179 1,872,231
Avg Interest-bearing Deposits 3,479,499 3,118,619 3,043,860 2,688,799 2,329,794
Avg Debt 199,850 246,567 131,896 169,604 123,479
Avg Interest-bearing Liabs 3,679,349 3,365,186 3,175,756 2,858,403 2,453,273
Avg Noninterest-bearing Deposits 494,023 516,718 535,451 473,536 394,567
Avg Total Deposits 3,973,522 3,635,337 3,579,311 3,162,335 2,724,361
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 485,487 435,890 360,493 296,908 259,059
Avg Equity 485,487 435,890 360,493 296,908 259,059
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