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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 6/30/2017 USD 2017 Q2 YTD 6/30/2017 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 6/30/2017 USD 2017 Q2 YTD 6/30/2017 USD

ASSETS

Cash and due from banks 1,425 10,799 1,708 3,590 3,975
Interest-bearing deposits at other financial institutions 39,660 4,756 22,747 32,866 13,827
Total cash and cash equivalents NA 15,555 24,455 36,456 17,802
Certificates of deposit at other financial institutions NA 4,543 12,421 15,248 18,109
Securities available-for-sale, at fair value 56,239 48,744 55,217 81,875 78,932
Loans held for sale, at fair value 11,185 25,983 44,925 52,553 57,256
Loans receivable, net 281,081 387,174 502,535 593,317 709,102
Accrued interest receivable 1,261 1,558 2,107 2,524 2,903
Premises and equipment, net 13,818 13,584 13,856 16,012 15,550
Other real estate owned ("OREO") 2,075 NA NA NA NA
Federal Home Loan Bank (“FHLB”) stock, at cost 1,702 1,650 4,551 2,719 3,909
Deferred tax asset, net 816 NA NA NA NA
Bank owned life insurance (“BOLI”), net 6,369 6,556 9,772 10,054 10,194
Servicing rights, held at the lower of cost or fair value 2,093 3,061 5,811 8,459 4,899
Goodwill NA NA 0 2,312 2,312
Core deposit intangible, net NA NA 0 1,717 1,517
Other assets 1,463 1,346 1,911 4,680 6,097
TOTAL ASSETS 419,187 509,754 677,561 827,926 928,582

LIABILITIES

Deposits

Noninterest-bearing accounts 45,783 56,734 72,247 152,913 164,010
Interest-bearing accounts 291,093 363,710 412,931 559,680 621,687
Total deposits 336,876 420,444 485,178 712,593 785,697
Borrowings 16,664 17,034 98,769 12,670 30,669

Subordinated note

Principal amount NA 0 10,000 10,000 10,000
Unamortized debt issuance costs NA 0 (195) (175) (165)
Total subordinated note less unamortized debt issuance costs NA 0 9,805 9,825 9,835
Deferred tax liability, net 0 809 1,293 NA NA
Other liabilities 3,334 5,631 7,176 11,805 13,557
Total liabilities 356,874 443,918 602,221 746,893 839,758

STOCKHOLDERS' EQUITY

Preferred stock 0 0 0 0 0
Common stock 32 32 32 31 31
Additional paid-in capital 30,097 29,450 30,692 27,334 28,208
Retained earnings 35,215 38,125 46,175 55,584 61,920
Accumulated other comprehensive loss, net of tax (898) 117 78 (536) (87)
Unearned shares - Employee Stock Ownership Plan (“ESOP”) (2,133) (1,888) (1,637) (1,380) (1,248)
Total stockholders' equity 62,313 65,836 75,340 81,033 88,824
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 419,187 509,754 677,561 827,926 928,582
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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