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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 12/31/2016 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 12/31/2016 USD

ASSETS

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

LIABILITIES

Deposits

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

Subordinated note

Principal amount NA 0 10,000 10,000
Unamortized debt issuance costs NA 0 (195) (175)
Total subordinated note less unamortized debt issuance costs NA 0 9,805 9,825
Deferred tax liability, net 0 809 1,293 1,161
Other liabilities 3,334 5,631 7,176 10,644
Total liabilities 356,874 443,918 602,221 746,893

STOCKHOLDERS' EQUITY

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