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 6,171 6,591 5,914 4,415 24,580
Fed Funds Sold 102 102 101 101 101
Deposits at Financial Institutions 767,730 201,492 154,758 108,931 138,010
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 774,003 208,185 160,773 113,447 162,691
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 400,558 390,755 377,936 327,633 305,388
Held to Maturity Securities 0 0 0 0 0
Other Securities 54,905 34,904 23,252 13,378 13,813
Total Cash & Securities 1,229,466 633,844 561,961 454,458 481,892
Gross Loans Held for Investment 4,408,005 4,394,137 3,927,931 3,704,440 3,312,144
Loan Loss Reserve 63,783 43,676 38,504 36,440 32,208
Loans Held for Sale, before Reserves 7,975 17,548 5,118 1,171 1,588
Total Net Loans 4,352,197 4,368,009 3,894,545 3,669,171 3,281,524
Real Estate Owned and Held for Investment 50 50 0 2,090 534
Goodwill 30,208 30,208 24,417 17,107 1,573
Core Deposit Intangibles 0 0 0 0 0
Other Intangibles 11,253 11,419 8,703 6,729 1,584
Intangible Assets other than Goodwill 11,253 11,419 8,703 6,729 1,584
Total Intangible Assets 41,461 41,627 33,120 23,836 3,157
Loan Servicing Rights 87 88 90 440 0
Credit Card Rights NA NA NA 0 0
Other Loan Servicing Rights NA NA NA 99 0
Total Servicing Rights NA NA NA 539 0
Fixed Assets 37,687 38,123 27,408 29,476 30,371
Interest Receivable 11,816 10,494 10,814 9,452 8,153
Prepaid Expense NA NA 1,456 NA NA
Bank-owned Life Insurance 46,309 46,128 45,353 44,586 43,806
Other Assets 112,385 44,516 43,111 26,939 29,196
Total Other Assets 208,197 139,261 128,142 110,453 111,526
Total Assets 5,831,458 5,182,879 4,617,858 4,260,547 3,878,633
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 4,441,233 4,243,511 3,895,340 3,698,354 3,411,837
FHLB Borrowings 620,000 233,100 108,000 37,898 61,795
Senior Debt 639,254 253,121 116,362 46,970 71,488
Trust Preferred (FAS 150) 0 0 0 0 0
Total Subordinated Debt 83,473 83,417 83,193 83,024 48,764
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 722,727 336,538 199,555 129,994 120,252
Total Other Liabilities 171,058 99,178 53,950 28,521 22,334
Total Liabilities 5,335,018 4,679,227 4,148,845 3,856,869 3,554,423
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 496,440 503,652 469,013 403,678 324,210
Equity Attributable to Parent Company 496,440 503,652 469,013 403,678 324,210
Noncontrolling Interests 0 0 0 0 0
Total Equity 496,440 503,652 469,013 403,678 324,210
Net Unrealized Gain 5,393 1,006 (3,006) (2,214) (1,091)
Tot Acc Other Comprehensive Inc (3,659) (1,495) (2,345) (1,212) (1,531)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 75.59 84.78 85.06 86.95 85.39
Loans/ Deposits 99.25 103.55 100.84 100.16 97.08
Loan Loss Reserves/ Gross Loans 1.44 0.99 0.98 0.98 0.97
Reserves/ Loans Held For Investment 1.45 0.99 0.98 0.98 0.97
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) 12,119 12,186 12,590 43,200 435
Level 1 Assets($000) 14,034 10,836 4,719 4,824 4,825
Level 2 Assets($000) 497,404 426,138 390,858 328,318 303,429
Level 3 Assets($000) 10,446 13,467 0 0 245
Level 1 Liabilities($000) 0 0 0 0 0
Level 2 Liabilities($000) 105,609 36,169 10,538 3,131 2,410
Level 3 Liabilities($000) 0 0 0 0 0
FTE Employees(actual) 463 446 409 384 338
Annualized Growth Rates (%)
Asset Growth 50.06 12.24 8.39 9.85 15.28
Gross Loans HFI Growth 1.26 11.87 6.03 11.84 13.69
Deposit Growth 18.64 8.94 5.33 8.40 16.23
Average Balances ($000)
Avg Gross Loans HFI 4,401,071 4,061,925 3,761,494 3,569,790 3,177,348
Avg Loans HFS 12,762 6,557 3,718 1,612 17,207
Average Loans, Gross of Reserves 4,364,689 4,037,889 3,763,747 3,565,988 3,193,004
Avg Securities 422,340 406,596 383,748 326,636 236,205
Avg Other Int Earn Assets 251,668 223,731 103,160 115,668 128,589
Avg Secs & Other Int Earn Assets 674,008 630,327 486,908 442,304 364,794
Avg Interest Earning Assets 5,038,697 4,668,216 4,250,655 4,008,292 3,557,798
Avg Assets 5,182,443 4,796,697 4,350,335 4,095,113 3,654,377
Avg CDs 731,734 674,459 618,912 573,927 549,620
Avg Other Interest-bearing Deposits 3,023,752 2,826,093 2,499,707 2,469,933 2,139,179
Avg Interest-bearing Deposits 3,755,486 3,500,552 3,118,619 3,043,860 2,688,799
Avg Debt 274,312 228,248 246,567 131,896 169,604
Avg Interest-bearing Liabs 4,029,798 3,728,800 3,365,186 3,175,756 2,858,403
Avg Noninterest-bearing Deposits 542,557 505,486 516,718 535,451 473,536
Avg Total Deposits 4,298,043 4,006,038 3,635,337 3,579,311 3,162,335
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 508,426 488,810 435,890 360,493 296,908
Avg Equity 508,426 488,810 435,890 360,493 296,908
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