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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 1,708 3,590 3,043 9,408 9,126
Interest-bearing deposits at other financial institutions 22,747 32,866 15,872 23,371 53,948
Total cash and cash equivalents 24,455 36,456 18,915 32,779 63,074
Certificates of deposit at other financial institutions 12,421 15,248 18,108 22,074 22,073
Securities available-for-sale, at fair value 55,217 81,875 82,480 97,205 99,783
Loans held for sale, at fair value 44,925 52,553 53,463 51,195 45,591
Loans receivable, net 502,535 593,317 761,558 1,312,519 1,283,923
Accrued interest receivable 2,107 2,524 3,566 5,761 5,812
Premises and equipment, net 13,856 16,012 15,458 29,110 29,318
Operating lease right-of-use (“ROU”) assets NA NA NA 0 4,849
Federal Home Loan Bank (“FHLB”) stock, at cost 4,551 2,719 2,871 9,887 8,157
Other real estate owned (“OREO”) NA NA 0 689 167
Bank owned life insurance (“BOLI”), net 9,772 10,054 10,328 34,485 34,700
Servicing rights, held at the lower of cost or fair value 5,811 8,459 6,795 10,429 10,611
Goodwill 0 2,312 2,312 2,312 2,312
Core deposit intangible, net 0 1,717 1,317 6,217 6,027
Other assets 1,911 4,680 4,612 6,982 9,719
TOTAL ASSETS 677,561 827,926 981,783 1,621,644 1,626,116

LIABILITIES

Deposits

Noninterest-bearing accounts 72,247 155,053 186,890 234,532 245,585
Interest-bearing accounts 412,931 557,540 642,952 1,039,687 1,075,965
Total deposits 485,178 712,593 829,842 1,274,219 1,321,550
Borrowings 98,769 12,670 7,529 137,149 86,824

Subordinated note

Principal amount 10,000 10,000 10,000 10,000 10,000
Unamortized debt issuance costs (195) (175) (155) (135) (130)
Total subordinated note less unamortized debt issuance costs 9,805 9,825 9,845 9,865 9,870
Operating lease liabilities NA NA NA 0 4,976
Deferred tax liability, net 1,293 1,161 607 361 663
Other liabilities 7,176 10,644 11,958 20,012 16,281
Total liabilities 602,221 746,893 859,781 1,441,606 1,440,164

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY

Preferred stock 0 0 0 0 0
Common stock 32 31 37 45 45
Additional paid-in capital 30,692 27,334 55,135 91,466 91,742
Retained earnings 46,175 55,584 68,422 90,854 95,383
Accumulated other comprehensive loss, net of tax 78 (536) (475) (1,479) (436)
Unearned shares - Employee Stock Ownership Plan (“ESOP”) (1,637) (1,380) (1,117) (848) (782)
Total stockholders' equity 75,340 81,033 122,002 180,038 185,952
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 677,561 827,926 981,783 1,621,644 1,626,116
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