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 6/30/2019 USD 2019 Q2 YTD 6/30/2019 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 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD

ASSETS

Cash and due from banks 12,329 13,493 19,795 24,600 33,177
Interest-bearing balances with other financial institutions 955 2,003 3,028 4,572 4,623
Federal funds sold 0 30,477 691 10,893 10,345
Total cash and cash equivalents 13,284 45,973 23,514 40,065 48,145
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 83,404
Investment securities held to maturity, at amortized cost NA 0 101,356 168,370 160,182
Loans held for sale, at fair value 2,678 1,959 1,040 1,702 8,139
Loans and leases, net of unearned interest 736,513 813,924 910,404 1,624,067 1,688,173
Less - Allowance for loan and lease losses (6,168) (7,183) (7,606) (8,397) (8,771)
Net loans and leases 730,345 806,741 902,798 1,615,670 1,679,402
Bank premises and equipment, net 13,993 11,074 16,168 25,303 23,583
Bank premises and equipment held for sale 0 1,894 NA 0 1,274
Operating lease right of use asset NA NA NA 0 10,834
Finance lease right of use asset NA NA NA 0 3,537
Cash surrender value of life insurance 12,516 12,780 13,042 16,691 16,725
Restricted investment in bank stocks 4,266 2,443 4,384 6,646 6,480
Accrued interest receivable 3,813 3,928 4,564 8,244 8,883
Deferred income taxes 1,821 4,286 1,888 4,696 3,917
Goodwill 3,918 3,918 3,918 62,840 62,840
Core deposit and other intangibles, net 665 539 434 7,221 6,464
Foreclosed assets held for sale 1,185 224 189 1,017 390
Other assets 3,116 3,215 3,594 7,593 11,923
Total Assets 931,638 1,032,599 1,170,354 2,077,981 2,136,122

LIABILITIES & SHAREHOLDERS' EQUITY

Deposits

Noninterest-bearing demand 103,721 122,811 163,714 269,870 287,183
Interest-bearing demand 247,356 317,533 349,241 384,834 404,651
Money Market 208,386 252,271 246,220 375,648 451,667
Savings 56,731 60,163 62,770 209,345 183,019
Time 160,849 182,595 201,623 486,329 451,881
Total Deposits 777,043 935,373 1,023,568 1,726,026 1,778,401
Short-term borrowings 31,596 0 34,611 43,100 13,000
Long-term debt 40,305 13,581 12,352 48,024 65,035
Subordinated debt 7,414 7,414 17,338 27,082 27,070
Operating lease liability NA NA NA 0 11,983
Accrued interest payable 390 515 645 2,262 2,696
Other liabilities 4,822 5,249 6,137 8,278 6,675
Total Liabilities 861,570 962,132 1,094,651 1,854,772 1,904,860

Shareholders' Equity

Common stock 4,227 4,233 4,242 8,460 8,465
Additional paid-in capital 40,559 40,688 40,970 177,565 177,850
Retained earnings 23,470 28,399 32,565 39,562 44,721
Accumulated other comprehensive income (loss) 1,812 (2,853) (2,074) (2,378) 226
Total Shareholders' Equity 70,068 70,467 75,703 223,209 231,262
Total Liabilities and Shareholders' Equity 931,638 1,032,599 1,170,354 2,077,981 2,136,122
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.