As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD

Assets

Cash and due from banks 50,188 60,707 82,273 22,187 53,112
Interest bearing deposits in banks 1,953 2,603 1,479 1,354 892
Cash and cash equivalents 52,141 63,310 83,752 23,541 54,004
Investment securities - available for sale (at fair value) 170,232 140,000 146,470 137,641 136,514
Investment securities - held to maturity 105,560 97,169 93,632 94,010 95,538
Restricted investment in bank stock, at cost 5,904 5,209 5,204 5,394 4,373
Loans 879,023 891,926 892,518 1,007,714 1,004,618
Allowance for loan losses (11,922) (9,918) (9,972) (11,047) (11,548)
Net loans 867,101 882,008 882,546 996,667 993,070
Premises and equipment, net 25,198 27,160 30,881 37,855 37,616
Goodwill and other intangible assets, net 11,004 11,004 11,004 11,004 11,004
Bank owned life insurance 40,150 40,968 42,155 43,317 43,620
Deferred tax assets 19,790 19,337 9,252 7,844 6,835
Other real estate owned 6,883 10,910 10,141 6,598 6,167
Operating lease right-of-use asset NA NA NA 0 2,665
Accrued interest receivable and other assets 19,495 21,115 21,433 20,645 25,495
Total Assets 1,323,458 1,318,190 1,336,470 1,384,516 1,416,901

Liabilities and Shareholders' Equity

Liabilities

Non-interest bearing deposits 204,569 219,158 252,049 262,250 288,213
Interest bearing deposits 794,225 795,071 787,341 805,277 842,399
Total deposits 998,794 1,014,229 1,039,390 1,067,527 1,130,612
Short-term borrowings 35,828 36,000 48,845 77,707 39,695
Long-term borrowings 147,537 131,737 120,929 100,929 100,929
Operating lease liability NA NA NA 0 3,250
Accrued interest payable and other liabilities 20,528 22,526 18,916 20,649 19,377
Dividends payable NA NA 0 638 639
Total Liabilities 1,202,687 1,204,492 1,228,080 1,267,450 1,294,502

Shareholders' Equity

Preferred stock 30,000 20,000 NA NA NA
Common Stock 63 63 71 71 71
Surplus 21,986 22,178 31,553 31,921 32,027
Retained earnings 87,666 92,922 101,359 109,477 111,989
Accumulated other comprehensive loss (18,944) (21,465) (24,593) (24,403) (21,688)
Total Shareholders' Equity 120,771 113,698 108,390 117,066 122,399
Total Liabilities and Shareholders' Equity 1,323,458 1,318,190 1,336,470 1,384,516 1,416,901
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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