v3.19.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 24,121 $ 16,662
Interest-bearing deposits in other financial institutions 138,152 56,996
Total cash and cash equivalents 162,273 73,658
Securities available-for-sale, at fair value 146,991 129,689
Securities held-to-maturity, at amortized cost (fair value of $21,152 at December 31, 2018 and $20,997 at December 31, 2017) 21,760 21,070
Total investment securities 168,751 150,759
Loans held-for-sale 5,781 5,297
Loans held-for-investment, net of deferred loan costs (fees) 1,338,682 1,189,999
Allowance for loan losses (13,167) (12,224)
Net loans held-for-investment 1,325,515 1,177,775
Premises and equipment, net 4,588 4,723
Federal Home Loan Bank and other restricted stock, at cost 7,433 6,589
Other real estate owned, net 0 99
Deferred tax assets, net 3,377 3,847
Servicing assets 7,666 8,973
Accrued interest receivable and other assets 11,644 10,279
Total assets 1,697,028 1,441,999
Deposits:    
Noninterest-bearing demand 329,270 319,026
Savings, NOW and money market accounts 313,610 317,878
Time deposits of $250,000 or less 519,634 384,524
Time deposits of more than $250,000 281,239 229,862
Total deposits 1,443,753 1,251,290
Federal Home Loan Bank advances 30,000 40,000
Accrued interest payable and other liabilities 12,979 8,525
Total liabilities 1,486,732 1,299,815
Commitments and contingent liabilities
Preferred stock, 10,000,000 shares authorized, no par value, 0 issued and outstanding shares 0 0
Common stock, 60,000,000 shares authorized, no par value; 15,977,754 and 13,417,899 shares issued and outstanding at December 31, 2018 and 2017, respectively 171,067 125,430
Additional paid-in capital 3,299 2,941
Retained earnings 37,577 15,036
Accumulated other comprehensive loss, net (1,647) (1,223)
Total shareholders’ equity 210,296 142,184
Total liabilities and shareholders’ equity $ 1,697,028 $ 1,441,999