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Balance Sheet

Financial Highlights
2020 FQ3 YTD
9/30/2020
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 39,847 57,832 62,873 62,236 58,373
Fed Funds Sold 659 7,500 0 0 6,952
Deposits at Financial Institutions 348,593 69,594 11,515 11,871 16,639
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 389,099 134,926 74,388 74,107 81,964
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 956,239 926,717 784,916 814,931 853,725
Held to Maturity Securities 0 0 0 0 0
Other Securities 15,012 15,394 10,390 10,379 10,359
Total Cash & Securities 1,360,350 1,077,037 869,694 899,417 946,048
Gross Loans Held for Investment 2,739,416 2,650,563 1,950,799 1,902,697 1,833,152
Loan Loss Reserve 26,960 19,943 20,436 19,909 18,773
Loans Held for Sale, before Reserves 14,077 5,827 3,189 4,065 6,028
Total Net Loans 2,726,533 2,636,447 1,933,552 1,886,852 1,820,407
Real Estate Owned and Held for Investment 3,465 3,625 603 1,880 2,531
Goodwill 78,592 78,592 34,355 34,355 34,355
Core Deposit Intangibles 9,405 10,643 1,197 1,630 2,109
Other Intangibles 0 0 0 0 0
Intangible Assets other than Goodwill 9,405 10,643 1,197 1,630 2,109
Total Intangible Assets 87,997 89,235 35,552 35,985 36,464
Loan Servicing Rights 1,607 1,435 1,431 1,434 1,549
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights 0 0 0 0 0
Total Servicing Rights 1,607 1,435 1,431 1,434 1,549
Fixed Assets 68,923 68,579 46,554 48,272 49,240
Interest Receivable 18,482 18,523 13,970 12,913 12,311
Prepaid Expense NA 5,614 3,217 3,070 5,299
Bank-owned Life Insurance 95,459 94,251 86,186 85,016 83,737
Other Assets 27,180 28,504 17,959 25,829 30,941
Total Other Assets 210,044 215,471 167,886 175,100 181,528
Total Assets 4,389,996 4,023,250 3,008,718 3,000,668 2,988,527
Memo: Consolidated VIE Assets 0 0 0 0 0
Memo: Covered Loans 0 0 3,249 4,266 5,118
Memo: Covered OREO 0 0 0 36 183
Memo: Covered Securities 0 0 0 0 0
Memo: Covered Assets 0 0 3,249 4,302 5,301
Liabilities ($000)
Total Deposits 3,604,353 3,275,357 2,436,727 2,458,653 2,428,526
FHLB Borrowings 10,845 20,796 0 0 132
Senior Debt 112,070 106,929 69,656 57,686 81,121
Trust Preferred (FAS 150) 0 10,177 0 0 0
Total Subordinated Debt 0 10,177 0 0 0
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 112,070 117,106 69,656 57,686 81,121
Total Other Liabilities 66,478 73,179 59,634 70,760 64,485
Total Liabilities 3,782,901 3,465,642 2,566,017 2,587,099 2,574,132
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 607,095 557,608 442,701 413,569 414,395
Equity Attributable to Parent Company 607,095 557,608 442,701 413,569 414,395
Noncontrolling Interests 0 0 0 0 0
Total Equity 607,095 557,608 442,701 413,569 414,395
Net Unrealized Gain 33,344 14,893 (6,105) 2,258 (1,077)
Tot Acc Other Comprehensive Inc 12,121 (7,501) (23,454) (14,704) (14,164)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 62.40 65.88 64.84 63.41 61.34
Loans/ Deposits 76 80.92 80.06 77.39 75.48
Loan Loss Reserves/ Gross Loans 0.98 0.75 1.05 1.04 1.02
Reserves/ Loans Held For Investment 0.98 0.75 1.05 1.05 1.02
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) NA 477,000 473,758 484,364 496,205
Level 1 Assets($000) 0 0 0 0 0
Level 2 Assets($000) 953,691 921,361 778,741 796,944 837,800
Level 3 Assets($000) 5,271 12,474 8,635 25,849 20,496
Level 1 Liabilities($000) 0 0 0 0 0
Level 2 Liabilities($000) 2,723 828 218 298 653
Level 3 Liabilities($000) 0 0 0 0 0
FTE Employees(actual) 914 957 816 847 846
Annualized Growth Rates (%)
Asset Growth 12.15 33.72 0.27 0.41 0.30
Gross Loans HFI Growth 4.47 35.87 2.53 3.79 4.28
Deposit Growth 13.39 34.42 (0.89) 1.24 (0.57)
Average Balances ($000)
Avg Gross Loans HFI 2,686,025 2,236,750 1,923,380 1,853,175 1,794,413
Avg Loans HFS 15,529 5,229 3,662 4,688 2,960
Average Loans, Gross of Reserves 2,710,953 2,270,313 1,922,588 1,855,092 1,792,609
Avg Securities 995,457 924,513 862,475 911,973 940,490
Avg Other Int Earn Assets 1,243 3,029 3,693 12,663 15,066
Avg Secs & Other Int Earn Assets 996,700 927,542 866,168 924,636 955,556
Avg Interest Earning Assets 3,707,653 3,197,855 2,788,756 2,779,728 2,748,165
Avg Assets 4,239,866 3,439,793 2,976,517 2,984,547 2,963,380
Avg CDs NA 447,172 317,739 356,281 393,180
Avg Other Interest-bearing Deposits NA 2,057,713 1,706,846 1,647,622 1,482,046
Avg Interest-bearing Deposits 2,828,521 2,504,885 2,024,585 2,003,903 1,875,226
Avg Debt 112,290 85,704 47,046 47,007 46,556
Avg Interest-bearing Liabs 2,940,811 2,590,589 2,071,631 2,050,910 1,921,782
Avg Noninterest-bearing Deposits 634,742 292,445 425,639 438,234 550,977
Avg Total Deposits 3,463,263 2,797,330 2,450,224 2,442,137 2,426,203
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 588,095 497,329 424,274 435,266 415,032
Avg Equity 588,095 497,329 424,274 435,266 415,032
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.
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