Balance Sheet

Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Assets ($000)
Cash and Due from Banks 4,137 4,075 3,694 7,080
Fed Funds Sold 1 1 1 1
Deposits at Financial Institutions 49,210 59,671 138,665 181,631
Securities Purchased, to Resell 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0
Cash and Cash Equivalents 53,348 63,747 142,360 188,712
Trading Account Securities 0 0 0 0
Available for Sale Securities 470,065 463,652 460,822 481,345
Held to Maturity Securities 19,218 19,206 19,203 22,750
Other Securities 13,050 20,250 22,050 23,625
Total Cash & Securities 555,681 566,855 644,435 716,432
Gross Loans Held for Investment 1,433,190 2,209,405 2,374,035 2,716,228
Loan Loss Reserve 11,894 15,560 16,053 17,896
Loans Held for Sale, before Reserves 13,202 17,067 20,672 18,328
Total Net Loans 1,434,498 2,210,912 2,378,654 2,716,660
Real Estate Owned and Held for Investment 4,488 5,041 5,041 2,619
Goodwill 4,687 4,687 4,687 4,687
Core Deposit Intangibles 0 0 0 0
Other Intangibles 0 0 0 0
Intangible Assets other than Goodwill 0 0 0 0
Total Intangible Assets 4,687 4,687 4,687 4,687
Loan Servicing Rights 0 0 0 0
Credit Card Rights 0 0 0 0
Other Loan Servicing Rights 0 0 0 0
Total Servicing Rights 0 0 0 0
Fixed Assets 9,853 10,110 10,169 10,697
Interest Receivable 6,868 11,898 14,540 16,822
Prepaid Expense NA NA NA 4,384
Bank-owned Life Insurance 24,367 35,342 35,579 36,059
Other Assets 12,361 17,883 22,668 33,332
Total Other Assets 53,449 75,233 82,956 101,294
Total Assets 2,052,803 2,862,728 3,115,773 3,541,692
Memo: Consolidated VIE Assets 0 0 0 0
Memo: Covered Loans 0 0 0 0
Memo: Covered OREO 0 0 0 0
Memo: Covered Securities 0 0 0 0
Memo: Covered Assets 0 0 0 0
Liabilities ($000)
Total Deposits 1,557,119 2,177,121 2,394,284 2,671,351
FHLB Borrowings 289,985 413,173 390,167 525,153
Senior Debt 289,985 413,173 390,167 525,153
Trust Preferred (FAS 150) 0 0 0 0
Total Subordinated Debt 36,615 36,763 33,800 33,875
Redeemable Financial Instruments (FAS 150) 0 0 0 0
Total Debt 326,600 449,936 423,967 559,028
Total Other Liabilities 11,593 10,847 15,435 22,578
Total Liabilities 1,895,312 2,637,904 2,833,686 3,252,957
Memo: Consolidated VIE Liabilities 0 0 0 0
Mezzanine ($000)
Redeemable Preferred 0 0 0 0
Trust Preferred Securities 0 0 0 0
Total Minority Interest 0 0 0 0
Other Mezzanine Items 0 0 0 0
Total Mezzanine Level Items 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0
Other Preferred Equity 0 0 0 0
Total Preferred Equity 0 0 0 0
Common Equity 157,491 224,824 282,087 288,735
Equity Attributable to Parent Company 157,491 224,824 282,087 288,735
Noncontrolling Interests 0 0 0 0
Total Equity 157,491 224,824 282,087 288,735
Net Unrealized Gain (8,275) (11,274) (13,120) (13,359)
Tot Acc Other Comprehensive Inc (8,275) (11,274) (14,078) (16,541)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 69.82 77.18 76.19 76.69
Loans/ Deposits 92.04 101.48 99.15 101.68
Loan Loss Reserves/ Gross Loans 0.82 0.70 0.67 0.65
Reserves/ Loans Held For Investment 0.83 0.70 0.68 0.66
One Year Gap/ Assets NA NA NA NA
1-4 Loans Serviced for Others($000) 0 0 0 0
Level 1 Assets($000) 2,932 0 0 0
Level 2 Assets($000) 475,825 480,719 486,042 501,252
Level 3 Assets($000) 645 732 724 2,454
Level 1 Liabilities($000) 191 123 161 360
Level 2 Liabilities($000) 0 0 1,360 10,727
Level 3 Liabilities($000) 0 0 0 0
FTE Employees(actual) 200 204 206 201
Annualized Growth Rates (%)
Asset Growth 42.81 13.74 35.36 27.97
Gross Loans HFI Growth 58.33 22.61 29.81 29.89
Deposit Growth 25.77 17.68 39.90 28.13
Average Balances ($000)
Avg Gross Loans HFI 1,320,065 2,154,876 2,278,415 2,364,336
Avg Loans HFS 18,629 17,886 17,555 18,168
Average Loans, Gross of Reserves 1,338,694 2,172,762 2,295,970 2,382,504
Avg Securities 474,845 485,173 480,713 486,030
Avg Other Int Earn Assets 45,392 104,685 79,346 116,074
Avg Secs & Other Int Earn Assets 520,237 589,858 560,059 602,104
Avg Interest Earning Assets 1,858,931 2,762,620 2,856,029 2,984,608
Avg Assets 1,905,736 2,823,790 2,921,540 3,055,224
Avg CDs 986,353 1,395,761 1,416,775 1,585,673
Avg Other Interest-bearing Deposits 464,324 709,331 720,270 686,364
Avg Interest-bearing Deposits 1,450,677 2,105,092 2,137,045 2,272,037
Avg Debt 262,573 441,970 492,068 468,411
Avg Interest-bearing Liabs 1,713,250 2,547,062 2,629,113 2,740,448
Avg Noninterest-bearing Deposits 31,463 43,976 44,524 45,562
Avg Total Deposits 1,482,140 2,149,068 2,181,569 2,317,599
Avg Preferred Equity 0 0 0 0
Avg Common Equity 154,798 223,131 238,465 259,416
Avg Equity 154,798 223,131 238,465 259,416
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