As Reported 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 9/30/2017 USD 2017 Q3 YTD 9/30/2017 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 9/30/2017 USD 2017 Q3 YTD 9/30/2017 USD

ASSETS

Cash and due from banks 7,407 8,869 12,329 13,493 25,122
Interest-bearing balances with other financial institutions 1,216 1,013 955 2,003 2,490
Federal funds sold NA NA 0 30,477 28,572
Total cash and cash equivalents 8,623 9,882 13,284 45,973 56,184
Interest-bearing time deposits with other financial institutions 7,513 5,772 4,317 NA NA
Investment securities available for sale, at fair value 122,803 141,634 135,721 133,625 96,513
Investment securities held to maturity, at amortized cost NA NA NA 0 82,625
Loans held for sale NA NA 2,678 1,959 1,778
Loans and leases, net of unearned interest 546,462 571,533 736,513 813,924 877,386
Less - Allowance for loan and lease losses (6,317) (6,716) (6,168) (7,183) (7,502)
Net loans and leases 540,145 564,817 730,345 806,741 869,884
Bank premises and equipment, net 12,469 12,225 13,993 11,074 14,260
Bank premises and equipment held for sale NA NA 0 1,894 0
Cash surrender value of life insurance 8,374 8,575 12,516 12,780 12,977
Restricted investment in bank stocks 2,969 3,181 4,266 2,443 3,735
Foreclosed assets held for sale 965 565 1,185 224 33
Accrued interest receivable 2,704 3,058 3,813 3,928 4,159
Deferred income taxes 3,235 2,125 1,821 4,286 2,321
Goodwill 1,016 1,016 3,918 3,918 3,918
Core deposit and other intangibles, net 249 187 665 539 460
Other assets 2,060 2,620 3,116 3,215 4,526
Total Assets 713,125 755,657 931,638 1,032,599 1,153,373

LIABILITIES & SHAREHOLDERS' EQUITY

Deposits

Noninterest-bearing demand 48,346 60,613 103,721 122,811 155,574
Interest-bearing demand 201,090 222,712 247,356 317,533 359,236
Money Market 196,736 197,418 208,386 252,271 242,077
Savings 29,585 32,394 56,731 60,163 62,258
Time 132,373 124,785 160,849 182,595 207,530
Total Deposits 608,130 637,922 777,043 935,373 1,026,675
Short-term borrowings 23,833 578 31,596 0 20,000
Long-term debt 23,145 52,961 40,305 13,581 13,409
Subordinated debt NA 0 7,414 7,414 7,421
Accrued interest payable 393 349 390 515 940
Other liabilities 4,708 4,717 4,822 5,249 7,537
Total Liabilities 660,209 696,527 861,570 962,132 1,075,982

Shareholders' Equity

Series B preferred stock 5,000 5,000 NA NA NA
Series C preferred stock NA 0 NA NA NA
Common stock 3,494 3,498 4,227 4,233 4,241
Additional paid-in capital 29,853 29,902 40,559 40,688 40,846
Retained earnings 15,441 19,217 23,470 28,399 33,334
Accumulated other comprehensive loss (872) 1,513 1,812 (2,853) (1,030)
Total Shareholders' Equity 52,916 59,130 70,068 70,467 77,391
Total Liabilities and Shareholders' Equity 713,125 755,657 931,638 1,032,599 1,153,373
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.