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 9/30/2018 USD 2018 Q3 YTD 9/30/2018 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 9/30/2018 USD 2018 Q3 YTD 9/30/2018 USD

ASSETS

Cash and due from banks 8,869 12,329 13,493 19,795 31,110
Interest-bearing balances with other financial institutions 1,013 955 2,003 3,028 5,241
Federal funds sold NA 0 30,477 691 25,734
Total cash and cash equivalents 9,882 13,284 45,973 23,514 62,085
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 93,465 110,527
Investment securities held to maturity, at amortized cost NA NA 0 101,356 171,521
Loans held for sale NA 2,678 1,959 1,040 3,181
Loans and leases, net of unearned interest 571,533 736,513 813,924 910,404 1,567,286
Less - Allowance for loan and lease losses (6,716) (6,168) (7,183) (7,606) (8,229)
Net loans and leases 564,817 730,345 806,741 902,798 1,559,057
Bank premises and equipment, net 12,225 13,993 11,074 16,168 25,467
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 16,610
Restricted investment in bank stocks 3,181 4,266 2,443 4,384 3,373
Foreclosed assets held for sale 565 1,185 224 189 1,101
Accrued interest receivable 3,058 3,813 3,928 4,564 7,491
Deferred income taxes 2,125 1,821 4,286 1,888 4,432
Goodwill 1,016 3,918 3,918 3,918 62,767
Core deposit and other intangibles, net 187 665 539 434 7,708
Other assets 2,620 3,116 3,215 3,594 8,960
Total Assets 755,657 931,638 1,032,599 1,170,354 2,044,280

LIABILITIES & SHAREHOLDERS' EQUITY

Deposits

Noninterest-bearing demand 60,613 103,721 122,811 163,714 271,142
Interest-bearing demand 222,712 247,356 317,533 349,241 438,928
Money Market 197,418 208,386 252,271 246,220 356,729
Savings 32,394 56,731 60,163 62,770 224,746
Time 124,785 160,849 182,595 201,623 470,920
Total Deposits 637,922 777,043 935,373 1,023,568 1,762,465
Short-term borrowings 578 31,596 0 34,611 1,771
Long-term debt 52,961 40,305 13,581 12,352 18,064
Subordinated debt 0 7,414 7,414 17,338 27,088
Accrued interest payable 349 390 515 645 2,262
Other liabilities 4,717 4,822 5,249 6,137 10,795
Total Liabilities 696,527 861,570 962,132 1,094,651 1,822,445

Shareholders' Equity

Series D preferred stock NA NA NA 0 3,404
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 8,457
Additional paid-in capital 29,902 40,559 40,688 40,970 177,421
Retained earnings 19,217 23,470 28,399 32,565 36,244
Accumulated other comprehensive loss 1,513 1,812 (2,853) (2,074) (3,691)
Total Shareholders' Equity 59,130 70,068 70,467 75,703 221,835
Total Liabilities and Shareholders' Equity 755,657 931,638 1,032,599 1,170,354 2,044,280
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.