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Balance Sheet

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 60,396 67,174 43,787 44,818 41,464
Fed Funds Sold 6,830 198 0 680 0
Deposits at Financial Institutions 58,319 6,112 1,693 5,474 1,764
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 125,545 73,484 45,480 50,972 43,228
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 881,859 785,977 414,101 445,324 477,518
Held to Maturity Securities 0 0 195,822 195,619 168,392
Other Securities 16,558 18,221 17,415 13,660 12,800
Total Cash & Securities 1,023,962 877,682 672,818 705,575 701,938
Gross Loans Held for Investment 3,425,762 3,451,266 2,398,779 2,286,695 2,165,143
Loan Loss Reserve 51,187 29,079 29,307 28,059 21,850
Loans Held for Sale, before Reserves 9,483 5,400 666 856 4,241
Total Net Loans 3,384,058 3,427,587 2,370,138 2,259,492 2,147,534
Real Estate Owned and Held for Investment 3,049 6,216 5,318 3,957 2,790
Goodwill 93,977 91,918 64,654 64,654 64,654
Core Deposit Intangibles 19,187 20,713 1,973 4,011 6,846
Other Intangibles 11,003 11,505 7,902 8,035 8,325
Intangible Assets other than Goodwill 30,190 32,218 9,875 12,046 15,171
Total Intangible Assets 124,167 124,136 74,529 76,700 79,825
Loan Servicing Rights 6,579 7,026 2,803 2,316 1,951
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights 0 0 0 0 0
Total Servicing Rights 6,579 7,026 2,803 2,316 1,951
Fixed Assets 94,097 95,222 75,773 75,969 75,043
Interest Receivable 17,029 18,525 14,736 14,732 13,871
Prepaid Expense NA NA 1,951 2,992 1,760
Bank-owned Life Insurance 82,146 81,625 60,989 59,831 47,231
Other Assets 28,822 15,554 12,425 10,707 7,632
Total Other Assets 222,094 210,926 165,874 164,231 145,537
Total Assets 4,763,909 4,653,573 3,291,480 3,212,271 3,079,575
Memo: Consolidated VIE Assets 0 0 0 0 0
Memo: Covered Loans 0 0 0 0 72,420
Memo: Covered OREO 0 0 0 0 193
Memo: Covered Securities 0 0 0 0 0
Memo: Covered Assets 0 0 0 0 72,613
Liabilities ($000)
Total Deposits 3,859,844 3,728,655 2,612,929 2,605,319 2,480,448
FHLB Borrowings 125,673 167,800 192,900 115,000 115,000
Senior Debt 292,040 323,953 276,260 224,729 250,371
Trust Preferred (FAS 150) 41,631 41,587 23,888 23,793 23,692
Total Subordinated Debt 52,525 52,486 23,888 23,793 23,692
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 344,565 376,439 300,148 248,522 274,063
Total Other Liabilities 58,936 39,497 21,336 18,126 19,608
Total Liabilities 4,263,345 4,144,591 2,934,413 2,871,967 2,774,119
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 500,564 508,982 357,067 340,304 305,456
Equity Attributable to Parent Company 500,564 508,982 357,067 340,304 305,456
Noncontrolling Interests 0 0 0 0 0
Total Equity 500,564 508,982 357,067 340,304 305,456
Net Unrealized Gain 7,537 4,372 (5,661) (2,602) (1,133)
Tot Acc Other Comprehensive Inc 6,877 4,372 (5,661) (2,602) (1,133)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 71.91 74.16 72.88 71.19 70.31
Loans/ Deposits 88.75 92.56 91.80 87.77 87.29
Loan Loss Reserves/ Gross Loans 1.49 0.84 1.22 1.23 1.01
Reserves/ Loans Held For Investment 1.49 0.84 1.22 1.23 1.01
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) NA 857,700 299,600 287,900 262,500
Level 1 Assets($000) 0 0 2,737 0 1,267
Level 2 Assets($000) 894,359 787,825 414,422 445,324 476,251
Level 3 Assets($000) 7,191 10,455 10,619 5,937 10,871
Level 1 Liabilities($000) 0 0 0 0 0
Level 2 Liabilities($000) 16,305 3,242 667 0 0
Level 3 Liabilities($000) 0 0 0 0 0
FTE Employees(actual) 771 771 597 610 587
Annualized Growth Rates (%)
Asset Growth 9.48 41.38 2.47 4.31 3.34
Gross Loans HFI Growth (2.96) 43.88 4.90 5.61 0.61
Deposit Growth 14.07 42.70 0.29 5.03 0.69
Average Balances ($000)
Avg Gross Loans HFI 3,438,514 3,097,503 2,352,645 1,590,193 2,158,159
Avg Loans HFS 7,442 3,889 1,071 615,350 3,276
Average Loans, Gross of Reserves 3,436,263 3,157,127 2,354,354 2,201,364 2,161,376
Avg Securities 791,172 669,859 636,362 641,328 551,383
Avg Other Int Earn Assets 55,833 21,289 3,372 11,138 34,734
Avg Secs & Other Int Earn Assets 847,005 691,148 639,734 652,466 586,117
Avg Interest Earning Assets 4,283,268 3,848,275 2,994,088 2,853,830 2,747,493
Avg Assets 4,669,724 4,201,040 3,249,718 3,097,496 2,993,875
Avg CDs 997,136 873,978 723,830 674,757 649,986
Avg Other Interest-bearing Deposits 2,125,676 1,902,635 1,429,672 1,357,554 1,282,994
Avg Interest-bearing Deposits 3,122,812 2,776,613 2,153,502 2,032,311 1,932,980
Avg Debt 347,529 349,105 274,634 238,442 225,308
Avg Interest-bearing Liabs 3,470,341 3,125,718 2,428,136 2,270,753 2,158,288
Avg Noninterest-bearing Deposits 637,204 586,100 455,223 471,170 512,383
Avg Total Deposits 3,760,016 3,362,713 2,608,725 2,503,481 2,445,363
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 515,169 452,018 345,734 334,966 304,670
Avg Equity 515,169 452,018 345,734 334,966 304,670
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.