Balance Sheet

Financial Highlights
2020 FQ2 YTD
6/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Assets ($000)
Cash and Due from Banks 7,016 5,061 7,080 4,539 2,282
Fed Funds Sold 0 0 1 1 1
Deposits at Financial Institutions 491,603 322,300 181,631 43,441 37,419
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 498,619 327,361 188,712 47,981 39,702
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 589,017 540,852 481,345 473,275 456,700
Held to Maturity Securities 68,295 61,878 22,750 19,209 16,671
Other Securities 25,650 25,650 23,625 19,575 8,910
Total Cash & Securities 1,181,581 955,741 716,432 560,040 521,983
Gross Loans Held for Investment 2,973,674 2,963,547 2,716,228 2,091,193 1,250,789
Loan Loss Reserve 24,465 21,840 17,896 14,970 10,981
Loans Held for Sale, before Reserves 38,813 56,097 18,328 51,407 27,101
Total Net Loans 2,988,022 2,997,804 2,716,660 2,127,630 1,266,909
Real Estate Owned and Held for Investment 2,065 2,065 2,619 5,041 4,533
Goodwill 4,687 4,687 4,687 4,687 4,687
Core Deposit Intangibles 0 0 0 0 0
Other Intangibles 747 614 0 0 0
Intangible Assets other than Goodwill 747 614 0 0 0
Total Intangible Assets 5,434 5,301 4,687 4,687 4,687
Loan Servicing Rights 1,775 1,867 0 0 0
Credit Card Rights NA NA 0 0 0
Other Loan Servicing Rights NA NA 0 0 0
Total Servicing Rights NA NA 0 0 0
Fixed Assets 23,939 14,630 10,697 10,058 10,044
Interest Receivable 21,093 18,607 16,822 11,944 6,708
Prepaid Expense NA NA 4,384 2,273 NA
Bank-owned Life Insurance 37,474 37,002 36,059 35,105 24,195
Other Assets 63,217 67,066 33,332 10,909 15,276
Total Other Assets 145,723 137,305 101,294 70,289 56,223
Total Assets 4,324,600 4,100,083 3,541,692 2,767,687 1,854,335
Memo: Consolidated VIE Assets 0 0 0 0 0
Memo: Covered Loans 0 0 0 0 0
Memo: Covered OREO 0 0 0 0 0
Memo: Covered Securities 0 0 0 0 0
Memo: Covered Assets 0 0 0 0 0
Liabilities ($000)
Total Deposits 3,380,789 3,153,963 2,671,351 2,084,941 1,462,867
FHLB Borrowings 514,913 514,910 525,153 410,176 189,981
Senior Debt 516,155 516,512 525,153 410,176 189,981
Trust Preferred (FAS 150) 0 0 0 0 0
Total Subordinated Debt 69,681 69,528 33,875 36,726 36,578
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 585,836 586,040 559,028 446,902 226,559
Total Other Liabilities 50,264 55,167 22,578 11,717 10,967
Total Liabilities 4,016,889 3,795,170 3,252,957 2,543,560 1,700,393
Memo: Consolidated VIE Liabilities 0 0 0 0 0
Mezzanine ($000)
Redeemable Preferred 0 0 0 0 0
Trust Preferred Securities 0 0 0 0 0
Total Minority Interest 0 0 0 0 0
Other Mezzanine Items 0 0 0 0 0
Total Mezzanine Level Items 0 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0 0
Other Preferred Equity 0 0 0 0 0
Total Preferred Equity 0 0 0 0 0
Common Equity 307,711 304,913 288,735 224,127 153,942
Equity Attributable to Parent Company 307,711 304,913 288,735 224,127 153,942
Noncontrolling Interests 0 0 0 0 0
Total Equity 307,711 304,913 288,735 224,127 153,942
Net Unrealized Gain (1,388) (4,388) (13,360) (5,019) (9,268)
Tot Acc Other Comprehensive Inc (21,138) (14,191) (16,541) (5,019) (9,268)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 68.76 72.28 76.69 75.56 67.45
Loans/ Deposits 87.96 93.96 101.68 100.30 85.50
Loan Loss Reserves/ Gross Loans 0.81 0.72 0.65 0.70 0.86
Reserves/ Loans Held For Investment 0.82 0.74 0.66 0.72 0.88
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) 0 0 0 0 0
Level 1 Assets($000) 0 0 0 2,932 3,370
Level 2 Assets($000) 591,018 596,949 501,252 493,914 480,869
Level 3 Assets($000) 2,804 6,410 2,454 551 610
Level 1 Liabilities($000) 17 153 360 80 0
Level 2 Liabilities($000) 34,494 37,786 10,727 271 0
Level 3 Liabilities($000) 0 0 0 0 0
FTE Employees(actual) 249 229 201 206 192
Annualized Growth Rates (%)
Asset Growth 10.95 15.77 27.97 49.25 46.03
Gross Loans HFI Growth 0.68 9.11 29.89 67.19 31.13
Deposit Growth 14.38 18.07 28.13 42.52 53.01
Average Balances ($000)
Avg Gross Loans HFI 2,937,136 2,863,250 2,364,336 1,661,813 1,110,483
Avg Loans HFS 46,747 30,924 18,168 20,436 34,204
Average Loans, Gross of Reserves 2,983,883 2,894,174 2,382,504 1,682,249 1,144,687
Avg Securities 644,251 560,317 486,030 496,143 380,560
Avg Other Int Earn Assets 505,111 355,412 116,074 79,461 71,140
Avg Secs & Other Int Earn Assets 1,149,362 915,729 602,104 575,604 451,700
Avg Interest Earning Assets 4,133,245 3,809,903 2,984,608 2,257,853 1,596,387
Avg Assets 4,215,053 3,890,708 3,055,224 2,313,469 1,629,800
Avg CDs 2,038,068 2,146,637 1,585,673 1,169,219 817,348
Avg Other Interest-bearing Deposits 1,141,814 791,985 686,364 544,384 470,683
Avg Interest-bearing Deposits 3,179,882 2,938,622 2,272,037 1,713,603 1,288,031
Avg Debt 584,504 564,757 468,411 376,470 183,410
Avg Interest-bearing Liabs 3,764,386 3,503,379 2,740,448 2,090,073 1,471,441
Avg Noninterest-bearing Deposits 67,107 44,682 45,562 35,043 28,472
Avg Total Deposits 3,246,989 2,983,304 2,317,599 1,748,646 1,316,503
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 308,937 296,382 259,416 178,212 124,023
Avg Equity 308,937 296,382 259,416 178,212 124,023
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.