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Financial Highlights

Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Assets ($000)
Cash and Due from Banks 27,169 85,617 61,685 41,496
Fed Funds Sold 237 200 928 954
Deposits at Financial Institutions 1,144 2,688 3,845 2,051
Securities Purchased, to Resell 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0
Cash and Cash Equivalents 28,550 88,506 66,459 44,501
Trading Account Securities 0 0 0 0
Available for Sale Securities 199,741 210,354 209,942 219,706
Held to Maturity Securities 0 0 0 0
Other Securities 15,610 7,783 14,855 11,151
Total Cash & Securities 243,901 306,642 291,255 275,357
Gross Loans Held for Investment 1,422,696 1,762,834 2,354,526 2,416,699
Loan Loss Reserve 5,610 6,258 6,705 7,471
Loans Held for Sale, before Reserves 3,504 3,934 34,038 11,565
Total Net Loans 1,420,590 1,760,511 2,381,859 2,420,793
Real Estate Owned and Held for Investment 2,896 1,800 2,358 883
Goodwill 9,786 25,084 94,404 94,668
Core Deposit Intangibles 3,323 5,986 16,689 15,362
Other Intangibles 0 0 0 0
Intangible Assets other than Goodwill 3,323 5,986 16,689 15,362
Total Intangible Assets 13,109 31,069 111,092 110,031
Loan Servicing Rights 0 0 0 0
Credit Card Rights 0 0 0 0
Other Loan Servicing Rights 0 0 0 0
Total Servicing Rights 0 0 0 0
Fixed Assets 36,898 40,992 43,719 42,625
Interest Receivable 4,044 5,310 7,715 7,959
Prepaid Expense 2,635 4,011 5,331 4,417
Bank-owned Life Insurance 37,791 41,850 67,063 67,920
Other Assets 3,922 18,527 22,983 20,024
Total Other Assets 85,291 110,690 146,811 142,944
Total Assets 1,765,787 2,210,712 2,933,376 2,950,007
Memo: Consolidated VIE Assets 0 0 0 0
Memo: Covered Loans 0 0 0 0
Memo: Covered OREO 0 0 0 0
Memo: Covered Securities 0 0 0 0
Memo: Covered Assets 0 0 0 0
Liabilities ($000)
Total Deposits 1,368,879 1,785,704 2,207,678 2,296,049
FHLB Borrowings 170,000 125,000 275,000 190,000
Senior Debt 191,396 161,478 314,676 228,185
Trust Preferred (FAS 150) 3,913 4,070 4,110 4,188
Total Subordinated Debt 37,908 38,173 38,239 38,371
Redeemable Financial Instruments (FAS 150) 0 0 0 0
Total Debt 229,304 199,651 352,915 266,556
Total Other Liabilities 12,488 14,964 18,438 16,632
Total Liabilities 1,610,671 2,000,319 2,579,031 2,579,237
Memo: Consolidated VIE Liabilities 0 0 0 0
Mezzanine ($000)
Redeemable Preferred 0 0 0 0
Trust Preferred Securities 0 0 0 0
Total Minority Interest 0 0 0 0
Other Mezzanine Items 0 0 0 0
Total Mezzanine Level Items 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0
Other Preferred Equity 0 0 0 0
Total Preferred Equity 0 0 0 0
Common Equity 155,117 210,393 354,344 370,771
Equity Attributable to Parent Company 155,117 210,393 354,344 370,771
Noncontrolling Interests 0 0 0 0
Total Equity 155,117 210,393 354,344 370,771
Net Unrealized Gain (3,889) (5,999) (6,264) (5,529)
Tot Acc Other Comprehensive Inc (3,889) (5,999) (6,264) (5,529)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 80.57 79.74 80.27 81.92
Loans/ Deposits 103.93 98.72 106.65 105.25
Loan Loss Reserves/ Gross Loans 0.39 0.35 0.28 0.31
Reserves/ Loans Held For Investment 0.39 0.35 0.28 0.31
One Year Gap/ Assets (37.26) (29.50) (32.77) (34.99)
1-4 Loans Serviced for Others($000) 0 0 0 0
Level 1 Assets($000) 3,022 2,994 2,998 2,993
Level 2 Assets($000) 187,491 192,646 188,746 194,374
Level 3 Assets($000) 17,753 22,585 28,342 29,861
Level 1 Liabilities($000) 0 0 0 0
Level 2 Liabilities($000) 0 0 0 0
Level 3 Liabilities($000) 0 0 0 0
FTE Employees(actual) 230 270 379 356
Annualized Growth Rates (%)
Asset Growth 13.29 19.97 130.76 40.10
Gross Loans HFI Growth 16.18 14.23 134.26 41.97
Deposit Growth 12.97 32.14 94.52 38.91
Average Balances ($000)
Avg Gross Loans HFI 1,395,034 1,732,558 2,058,680 2,142,103
Avg Loans HFS 5,961 4,169 18,986 13,697
Average Loans, Gross of Reserves 1,382,344 1,720,721 2,261,479 2,200,949
Avg Securities 215,901 229,457 235,855 233,759
Avg Other Int Earn Assets 1,399 2,003 8,795 4,929
Avg Secs & Other Int Earn Assets 217,299 231,460 244,650 238,687
Avg Interest Earning Assets 1,599,643 1,952,182 2,506,129 2,439,636
Avg Assets 1,735,902 2,125,251 2,789,427 2,701,379
Avg CDs 458,159 540,343 658,005 701,056
Avg Other Interest-bearing Deposits 530,560 660,589 864,245 827,691
Avg Interest-bearing Deposits 988,719 1,200,932 1,522,250 1,528,746
Avg Debt 232,288 235,925 288,666 265,811
Avg Interest-bearing Liabs 1,221,007 1,436,857 1,810,916 1,794,558
Avg Noninterest-bearing Deposits 336,646 457,851 615,780 562,397
Avg Total Deposits 1,325,365 1,658,783 2,138,030 2,091,143
Avg Preferred Equity 0 0 0 0
Avg Common Equity 167,364 216,611 348,160 328,174
Avg Equity 167,364 216,611 348,160 328,174
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.
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