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 12/31/2016 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 12/31/2016 USD

ASSETS

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

LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits

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

Shareholders' equity

Common stock 133,835 131,375 156,099 205,584
Retained earnings 45,250 48,984 59,693 70,486
Accumulated other comprehensive income 99 3,802 2,699 (2,315)
Total 179,184 184,161 218,491 273,755
Total liabilities and shareholders' equity 1,449,726 1,504,325 1,909,478 2,541,437
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.
Copyright 2017, © S&P Global Market Intelligence  Terms of Use