As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 3/31/2018 USD 2018 Q1 YTD 3/31/2018 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 3/31/2018 USD 2018 Q1 YTD 3/31/2018 USD

ASSETS

Cash and due from banks 8,869 12,329 13,493 19,795 20,866
Interest-bearing balances with other financial institutions 1,013 955 2,003 3,028 5,346
Federal funds sold NA 0 30,477 691 32,963
Total cash and cash equivalents 9,882 13,284 45,973 23,514 59,175
Interest-bearing time deposits with other financial institutions 5,772 4,317 NA NA NA
Investment securities available for sale, at fair value 141,634 135,721 133,625 93,465 122,342
Investment securities held to maturity, at amortized cost NA NA 0 101,356 131,293
Loans held for sale NA 2,678 1,959 1,040 1,348
Loans and leases, net of unearned interest 571,533 736,513 813,924 910,404 1,007,138
Less - Allowance for loan and lease losses (6,716) (6,168) (7,183) (7,606) (7,666)
Net loans and leases 564,817 730,345 806,741 902,798 999,472
Bank premises and equipment, net 12,225 13,993 11,074 16,168 20,015
Bank premises and equipment held for sale NA 0 1,894 NA NA
Cash surrender value of life insurance 8,575 12,516 12,780 13,042 13,106
Restricted investment in bank stocks 3,181 4,266 2,443 4,384 2,759
Foreclosed assets held for sale 565 1,185 224 189 745
Accrued interest receivable 3,058 3,813 3,928 4,564 5,079
Deferred income taxes 2,125 1,821 4,286 1,888 3,821
Goodwill 1,016 3,918 3,918 3,918 22,528
Core deposit and other intangibles, net 187 665 539 434 5,126
Other assets 2,620 3,116 3,215 3,594 4,408
Total Assets 755,657 931,638 1,032,599 1,170,354 1,391,217

LIABILITIES & SHAREHOLDERS' EQUITY

Deposits

Noninterest-bearing demand 60,613 103,721 122,811 163,714 195,330
Interest-bearing demand 222,712 247,356 317,533 349,241 355,939
Money Market 197,418 208,386 252,271 246,220 270,489
Savings 32,394 56,731 60,163 62,770 174,920
Time 124,785 160,849 182,595 201,623 215,745
Total Deposits 637,922 777,043 935,373 1,023,568 1,212,423
Short-term borrowings 578 31,596 0 34,611 0
Long-term debt 52,961 40,305 13,581 12,352 12,297
Subordinated debt 0 7,414 7,414 17,338 17,335
Accrued interest payable 349 390 515 645 922
Other liabilities 4,717 4,822 5,249 6,137 9,116
Total Liabilities 696,527 861,570 962,132 1,094,651 1,252,093

Shareholders' Equity

Series B preferred stock 5,000 NA NA NA NA
Series C preferred stock 0 NA NA NA NA
Common stock 3,498 4,227 4,233 4,242 6,123
Additional paid-in capital 29,902 40,559 40,688 40,970 103,382
Retained earnings 19,217 23,470 28,399 32,565 33,525
Accumulated other comprehensive loss 1,513 1,812 (2,853) (2,074) (3,906)
Total Shareholders' Equity 59,130 70,068 70,467 75,703 139,124
Total Liabilities and Shareholders' Equity 755,657 931,638 1,032,599 1,170,354 1,391,217
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.