Balance Sheet

Financial Highlights
2019 FQ2 YTD
6/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Assets ($000)
Cash and Due from Banks 5,638 7,080 4,539 2,282 1,063
Fed Funds Sold 1 1 1 1 1
Deposits at Financial Institutions 342,659 181,631 43,441 37,419 25,088
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 348,298 188,712 47,981 39,702 26,152
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 522,334 481,345 473,275 456,700 213,698
Held to Maturity Securities 35,826 22,750 19,209 16,671 0
Other Securities 25,650 23,625 19,575 8,910 8,595
Total Cash & Securities 932,108 716,432 560,040 521,983 248,445
Gross Loans Held for Investment 2,861,156 2,716,228 2,091,193 1,250,789 953,859
Loan Loss Reserve 19,976 17,896 14,970 10,981 8,351
Loans Held for Sale, before Reserves 30,642 18,328 51,407 27,101 36,518
Total Net Loans 2,871,822 2,716,660 2,127,630 1,266,909 982,026
Real Estate Owned and Held for Investment 2,619 2,619 5,041 4,533 4,488
Goodwill 4,687 4,687 4,687 4,687 4,687
Core Deposit Intangibles 0 0 0 0 0
Other Intangibles 0 0 0 0 0
Intangible Assets other than Goodwill 0 0 0 0 0
Total Intangible Assets 4,687 4,687 4,687 4,687 4,687
Loan Servicing Rights 0 0 0 0 0
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights 0 0 0 0 0
Total Servicing Rights 0 0 0 0 0
Fixed Assets 14,405 10,697 10,058 10,044 8,521
Interest Receivable 18,887 16,822 11,944 6,708 4,105
Prepaid Expense NA 4,384 2,273 NA 768
Bank-owned Life Insurance 36,527 36,059 35,105 24,195 12,727
Other Assets 77,774 33,332 10,909 15,276 4,103
Total Other Assets 147,593 101,294 70,289 56,223 30,224
Total Assets 3,958,829 3,541,692 2,767,687 1,854,335 1,269,870
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 3,006,263 2,671,351 2,084,941 1,462,867 956,054
FHLB Borrowings 514,906 525,153 410,176 189,981 190,957
Senior Debt 516,649 525,153 410,176 189,981 190,957
Trust Preferred (FAS 150) 0 0 0 0 0
Total Subordinated Debt 69,375 33,875 36,726 36,578 12,724
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 586,024 559,028 446,902 226,559 203,681
Total Other Liabilities 70,422 22,578 11,717 10,967 5,805
Total Liabilities 3,662,709 3,252,957 2,543,560 1,700,393 1,165,540
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 296,120 288,735 224,127 153,942 104,330
Equity Attributable to Parent Company 296,120 288,735 224,127 153,942 104,330
Noncontrolling Interests 0 0 0 0 0
Total Equity 296,120 288,735 224,127 153,942 104,330
Net Unrealized Gain (2,932) (13,359) (5,019) (9,268) (1,209)
Tot Acc Other Comprehensive Inc (15,578) (16,541) (5,019) (9,268) (1,209)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 72.27 76.69 75.56 67.45 75.11
Loans/ Deposits 95.17 101.68 100.30 85.50 99.77
Loan Loss Reserves/ Gross Loans 0.69 0.65 0.70 0.86 0.84
Reserves/ Loans Held For Investment 0.70 0.66 0.72 0.88 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 2,932 3,370 3,009
Level 2 Assets($000) 552,976 501,252 493,914 480,869 234,784
Level 3 Assets($000) 1,209 2,454 551 610 582
Level 1 Liabilities($000) 549 360 80 0 0
Level 2 Liabilities($000) 39,076 10,727 271 0 0
Level 3 Liabilities($000) 0 0 0 0 0
FTE Employees(actual) 215 201 206 192 152
Annualized Growth Rates (%)
Asset Growth 23.56 27.97 49.25 46.03 30.85
Gross Loans HFI Growth 10.67 29.89 67.19 31.13 30.23
Deposit Growth 25.07 28.13 42.52 53.01 26.03
Average Balances ($000)
Avg Gross Loans HFI 2,825,178 2,364,336 1,661,813 1,110,483 820,741
Avg Loans HFS 20,676 18,168 20,436 34,204 33,255
Average Loans, Gross of Reserves 2,845,854 2,382,504 1,682,249 1,144,687 853,996
Avg Securities 540,905 486,030 496,143 380,560 181,845
Avg Other Int Earn Assets 247,871 116,074 79,461 71,140 42,375
Avg Secs & Other Int Earn Assets 788,776 602,104 575,604 451,700 224,220
Avg Interest Earning Assets 3,634,630 2,984,608 2,257,853 1,596,387 1,078,216
Avg Assets 3,716,755 3,055,224 2,313,469 1,629,800 1,107,222
Avg CDs 2,074,812 1,585,673 1,169,219 817,348 438,776
Avg Other Interest-bearing Deposits 729,445 686,364 544,384 470,683 400,577
Avg Interest-bearing Deposits 2,804,257 2,272,037 1,713,603 1,288,031 839,353
Avg Debt 544,841 468,411 376,470 183,410 139,695
Avg Interest-bearing Liabs 3,349,098 2,740,448 2,090,073 1,471,441 979,048
Avg Noninterest-bearing Deposits 42,558 45,562 35,043 28,472 22,866
Avg Total Deposits 2,846,815 2,317,599 1,748,646 1,316,503 862,219
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 294,530 259,416 178,212 124,023 100,428
Avg Equity 294,530 259,416 178,212 124,023 100,428
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