As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 3/31/2015 USD 2015 Y 3/31/2016 USD 2016 Y 3/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 12/31/2017 USD
Source Document Currency Code 2014 Y 3/31/2015 USD 2015 Y 3/31/2016 USD 2016 Y 3/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 12/31/2017 USD

ASSETS

Cash and cash equivalents (including interest-earning accounts) 68,577 58,659 55,400 64,613 23,105
Certificates of deposit held for investment 36,925 25,969 16,769 11,042 6,963
Loans held for sale 1,024 778 503 478 351

Investment securities

Available for sale, at estimated fair value 23,394 112,463 150,690 200,214 224,931
Held to maturity, at amortized cost 101 86 75 64 44
Mortgage-backed securities available for sale, at fair value 78,575 NA NA NA NA
Loans receivable (net of allowance for loan losses) 520,937 569,010 614,934 768,904 786,460
Real estate owned ("REO") 7,703 1,603 595 298 298
Prepaid expenses and other assets 3,197 3,238 3,405 3,815 4,843
Accrued interest receivable 1,836 2,139 2,384 2,941 3,464
Federal Home Loan Bank ("FHLB") stock, at cost 6,744 5,924 1,060 1,181 1,223
Premises and equipment, net 16,417 15,434 14,595 16,232 15,680
Deferred income taxes, net 15,433 12,568 9,189 7,610 3,988
Mortgage servicing rights, net 369 399 380 398 399
Goodwill 25,572 25,572 25,572 27,076 27,076
Core deposit intangible ("CDI"), net 26 NA 0 1,335 1,161
Bank owned life insurance ("BOLI") 17,691 24,908 25,678 27,738 28,356
TOTAL ASSETS 824,521 858,750 921,229 1,133,939 1,128,342

LIABILITIES AND SHAREHOLDERS' EQUITY

LIABILITIES

Deposits 690,066 720,850 779,803 980,058 972,214
Accrued expenses and other liabilities 10,497 8,111 7,388 13,080 9,117
Advanced payments by borrowers for taxes and insurance 467 495 609 693 260
FHLB advances NA NA NA 0 1,050
Junior subordinated debentures 22,681 22,681 22,681 26,390 26,461
Capital lease obligation 2,361 2,276 2,475 2,454 2,437
Total liabilities 726,072 754,413 812,956 1,022,675 1,011,539

SHAREHOLDERS' EQUITY

Serial preferred stock 0 0 0 0 0
Common stock 225 225 225 225 226
Additional paid-in capital 65,195 65,268 64,418 64,468 64,703
Retained earnings 33,592 37,830 42,728 48,335 53,878
Unearned shares issued to employee stock ownership plan ("ESOP") (387) (284) (181) (77) 0
Accumulated other comprehensive loss (647) 762 1,083 (1,687) (2,004)
Total shareholders' equity 97,978 103,801 108,273 111,264 116,803
Noncontrolling interest 471 536 NA NA NA
Total equity 98,449 104,337 NA NA NA
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 824,521 858,750 921,229 1,133,939 1,128,342
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.