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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 9/30/2017 USD 2017 Q3 YTD 9/30/2017 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 9/30/2017 USD 2017 Q3 YTD 9/30/2017 USD

ASSETS

Cash and due from banks 1,425 10,799 1,708 3,590 3,299
Interest-bearing deposits at other financial institutions 39,660 4,756 22,747 32,866 27,996
Total cash and cash equivalents NA 15,555 24,455 36,456 31,295
Certificates of deposit at other financial institutions NA 4,543 12,421 15,248 18,108
Securities available-for-sale, at fair value 56,239 48,744 55,217 81,875 78,103
Loans held for sale, at fair value 11,185 25,983 44,925 52,553 65,055
Loans receivable, net 281,081 387,174 502,535 593,317 753,854
Accrued interest receivable 1,261 1,558 2,107 2,524 3,217
Premises and equipment, net 13,818 13,584 13,856 16,012 15,463
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 3,047
Deferred tax asset, net 816 NA NA NA NA
Bank owned life insurance (“BOLI”), net 6,369 6,556 9,772 10,054 10,262
Servicing rights, held at the lower of cost or fair value 2,093 3,061 5,811 8,459 5,811
Goodwill NA NA 0 2,312 2,312
Core deposit intangible, net NA NA 0 1,717 1,417
Other assets 1,463 1,346 1,911 4,680 5,947
TOTAL ASSETS 419,187 509,754 677,561 827,926 993,891

LIABILITIES

Deposits

Noninterest-bearing accounts 45,783 56,734 72,247 152,913 166,964
Interest-bearing accounts 291,093 363,710 412,931 559,680 673,614
Total deposits 336,876 420,444 485,178 712,593 840,578
Borrowings 16,664 17,034 98,769 12,670 10,270

Subordinated note

Principal amount NA 0 10,000 10,000 10,000
Unamortized debt issuance costs NA 0 (195) (175) (160)
Total subordinated note less unamortized debt issuance costs NA 0 9,805 9,825 9,840
Deferred tax liability, net 0 809 1,293 NA NA
Other liabilities 3,334 5,631 7,176 11,805 14,964
Total liabilities 356,874 443,918 602,221 746,893 875,652

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY

Preferred stock 0 0 0 0 0
Common stock 32 32 32 31 37
Additional paid-in capital 30,097 29,450 30,692 27,334 54,463
Retained earnings 35,215 38,125 46,175 55,584 65,049
Accumulated other comprehensive loss, net of tax (898) 117 78 (536) (128)
Unearned shares - Employee Stock Ownership Plan (“ESOP”) (2,133) (1,888) (1,637) (1,380) (1,182)
Total stockholders' equity 62,313 65,836 75,340 81,033 118,239
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 419,187 509,754 677,561 827,926 993,891
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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