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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 12/31/2018 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 12/31/2018 USD

ASSETS

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

LIABILITIES

Deposits

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

Subordinated note

Principal amount 10,000 10,000 10,000 10,000
Unamortized debt issuance costs (195) (175) (155) (135)
Total subordinated note less unamortized debt issuance costs 9,805 9,825 9,845 9,865
Deferred tax liability, net 1,293 1,161 607 361
Other liabilities 7,176 10,644 11,958 20,012
Total liabilities 602,221 746,893 859,781 1,441,606

STOCKHOLDERS' EQUITY

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