Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2012 Y 12/31/2013 USD 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 9/30/2016 USD 2016 Q3 YTD 9/30/2016 USD
Source Document Currency Code 2012 Y 12/31/2013 USD 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 9/30/2016 USD 2016 Q3 YTD 9/30/2016 USD

ASSETS

Cash and due from banks 28,607 19,410 20,929 23,819 35,819
Interest-bearing deposits with banks 94 1,698 4,858 12,856 71,353
Total cash and cash equivalents 28,701 21,108 25,787 36,675 107,172
Securities available-for-sale 389,885 347,386 351,946 366,598 482,408
Loans, net of deferred fees NA NA 1,045,021 1,404,482 1,806,736
Allowance for loan losses NA NA (15,637) (17,301) (20,531)
Net loans 854,071 977,928 1,029,384 1,387,181 1,786,205
Interest receivable 4,520 4,703 4,773 5,721 5,957
Federal Home Loan Bank stock 10,462 10,425 10,019 5,208 4,643
Property and equipment, net of accumulated depreciation 19,238 18,836 17,820 18,014 19,656
Goodwill and intangible assets 22,031 23,616 23,495 43,159 70,684
Deferred tax asset 6,230 9,598 4,464 5,670 7,380
Other real estate owned 17,972 16,355 13,374 11,747 13,066
Prepaid FDIC assessment 1,746 NA NA NA NA
Bank-owned life insurance 15,621 16,136 16,609 22,884 34,927
Other assets 3,010 3,635 6,654 6,621 6,962
Total assets 1,373,487 1,449,726 1,504,325 1,909,478 2,539,060

LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits

Noninterest-bearing demand 329,825 366,891 407,311 568,688 901,290
Savings and interest-bearing checking 554,693 559,632 646,101 889,802 1,082,202
Time $100,000 and over 73,610 NA NA NA NA
Other time 88,026 NA NA NA NA
Core time deposits NA 63,792 57,449 75,452 65,860
Total core deposits NA 990,315 1,110,861 1,533,942 2,049,352
Other deposits NA 100,666 98,232 63,151 113,281
Total deposits 1,046,154 1,090,981 1,209,093 1,597,093 2,162,633
Repurchase agreements NA NA 93 71 1,107
Federal funds and overnight funds purchased 11,570 5,150 NA NA NA
Federal Home Loan Bank borrowings 118,000 160,000 96,000 77,500 45,500
Subordinated debentures NA NA NA 0 34,072
Junior subordinated debentures 8,248 8,248 8,248 8,248 11,272
Accrued interest and other payables 6,134 6,163 6,730 8,075 8,005
Total liabilities 1,190,106 1,270,542 1,320,164 1,690,987 2,262,589

Shareholders' equity

Common stock 133,017 133,835 131,375 156,099 205,120
Retained earnings 44,533 45,250 48,984 59,693 66,112
Accumulated other comprehensive income 5,831 99 3,802 2,699 5,239
Total 183,381 179,184 184,161 218,491 276,471
Total liabilities and shareholders' equity 1,373,487 1,449,726 1,504,325 1,909,478 2,539,060
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.
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