As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD

ASSETS

Cash and due from banks 12,329 13,493 19,795 24,600 35,573
Interest-bearing balances with other financial institutions 955 2,003 3,028 4,572 5,049
Federal funds sold 0 30,477 691 10,893 46,346
Total cash and cash equivalents 13,284 45,973 23,514 40,065 86,968
Interest-bearing time deposits with other financial institutions 4,317 NA NA NA NA
Investment securities available for sale, at fair value 135,721 133,625 93,465 111,923 101,532
Investment securities held to maturity, at amortized cost NA 0 101,356 168,370 162,791
Loans held for sale 2,678 1,959 1,040 1,702 4,050
Loans and leases, net of unearned interest 736,513 813,924 910,404 1,624,067 1,646,686
Less - Allowance for loan and lease losses (6,168) (7,183) (7,606) (8,397) (8,502)
Net loans and leases 730,345 806,741 902,798 1,615,670 1,638,184
Bank premises and equipment, net 13,993 11,074 16,168 25,303 23,881
Bank premises and equipment held for sale 0 1,894 NA 0 1,274
Operating lease right of use asset NA NA NA 0 11,249
Finance lease right of use asset NA NA NA 0 3,582
Cash surrender value of life insurance 12,516 12,780 13,042 16,691 16,769
Restricted investment in bank stocks 4,266 2,443 4,384 6,646 5,933
Accrued interest receivable 3,813 3,928 4,564 8,244 8,527
Deferred income taxes 1,821 4,286 1,888 4,696 4,018
Goodwill 3,918 3,918 3,918 62,840 62,840
Core deposit and other intangibles, net 665 539 434 7,221 6,825
Foreclosed assets held for sale 1,185 224 189 1,017 350
Other assets 3,116 3,215 3,594 7,593 9,044
Total Assets 931,638 1,032,599 1,170,354 2,077,981 2,147,817

LIABILITIES & SHAREHOLDERS' EQUITY

Deposits

Noninterest-bearing demand 103,721 122,811 163,714 269,870 290,902
Interest-bearing demand 247,356 317,533 349,241 384,834 397,959
Money Market 208,386 252,271 246,220 375,648 414,503
Savings 56,731 60,163 62,770 209,345 195,226
Time 160,849 182,595 201,623 486,329 485,590
Total Deposits 777,043 935,373 1,023,568 1,726,026 1,784,180
Short-term borrowings 31,596 0 34,611 43,100 35,000
Long-term debt 40,305 13,581 12,352 48,024 51,585
Subordinated debt 7,414 7,414 17,338 27,082 27,076
Operating lease liability NA NA NA 0 12,428
Accrued interest payable 390 515 645 2,262 2,921
Other liabilities 4,822 5,249 6,137 8,278 7,190
Total Liabilities 861,570 962,132 1,094,651 1,854,772 1,920,380

Shareholders' Equity

Common stock 4,227 4,233 4,242 8,460 8,462
Additional paid-in capital 40,559 40,688 40,970 177,565 177,704
Retained earnings 23,470 28,399 32,565 39,562 41,842
Accumulated other comprehensive loss 1,812 (2,853) (2,074) (2,378) (571)
Total Shareholders' Equity 70,068 70,467 75,703 223,209 227,437
Total Liabilities and Shareholders' Equity 931,638 1,032,599 1,170,354 2,077,981 2,147,817
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.