Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 6/30/2017 USD 2017 Q2 YTD 6/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 6/30/2017 USD 2017 Q2 YTD 6/30/2017 USD

ASSETS

Cash and due from banks 19,410 20,929 23,819 30,154 30,506
Interest-bearing deposits with banks 1,698 4,858 12,856 36,959 45,047
Total cash and cash equivalents 21,108 25,787 36,675 67,113 75,553
Securities available-for-sale 347,386 351,946 366,598 470,996 470,004
Loans, net of deferred fees NA 1,045,021 1,404,482 1,857,767 1,921,334
Allowance for loan losses NA (15,637) (17,301) (22,454) (23,451)
Net loans 977,928 1,029,384 1,387,181 1,835,313 1,897,883
Interest receivable 4,703 4,773 5,721 7,107 6,859
Federal Home Loan Bank stock 10,425 10,019 5,208 5,423 9,804
Property and equipment, net of accumulated depreciation 18,836 17,820 18,014 20,208 19,675
Goodwill and intangible assets 23,616 23,495 43,159 70,382 69,848
Deferred tax asset 9,598 4,464 5,670 12,722 11,678
Other real estate owned 16,355 13,374 11,747 12,068 10,160
Bank-owned life insurance 16,136 16,609 22,884 35,165 35,614
Other assets 3,635 6,654 6,621 4,940 4,656
Total assets 1,449,726 1,504,325 1,909,478 2,541,437 2,611,734

LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits

Noninterest-bearing demand 366,891 407,311 568,688 858,996 886,556
Savings and interest-bearing checking 559,632 646,101 889,802 1,110,224 1,059,172
Core time deposits 63,792 57,449 75,452 65,847 60,840
Total core deposits 990,315 1,110,861 1,533,942 2,035,067 2,006,568
Other deposits 100,666 98,232 63,151 113,036 98,733
Total deposits 1,090,981 1,209,093 1,597,093 2,148,103 2,105,301
Securities sold under agreements to repurchase NA 93 71 1,966 2,146
Federal funds and overnight funds purchased 5,150 NA NA NA NA
Federal Home Loan Bank borrowings 160,000 96,000 77,500 65,000 169,000
Subordinated debentures NA NA 0 34,096 34,143
Junior subordinated debentures 8,248 8,248 8,248 11,311 11,389
Accrued interest and other payables 6,163 6,730 8,075 7,206 5,625
Total liabilities 1,270,542 1,320,164 1,690,987 2,267,682 2,327,604

Shareholders' equity

Common stock 133,835 131,375 156,099 205,584 205,647
Retained earnings 45,250 48,984 59,693 70,486 79,166
Accumulated other comprehensive (loss) 99 3,802 2,699 (2,315) (683)
Total 179,184 184,161 218,491 273,755 284,130
Total liabilities and shareholders' equity 1,449,726 1,504,325 1,909,478 2,541,437 2,611,734
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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