As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in units) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD

ASSETS

Cash and due from banks 6,210,281 12,921,429 10,489,633 20,991,112
Interest bearing deposits in banks 51,786,253 55,942,946 76,928,001 64,961,569
Total cash and cash equivalents 57,996,534 68,864,375 87,417,634 85,952,681

Investment securities

Available-for-sale, at estimated fair value 31,320,930 31,786,518 15,561,837 13,001,878
Loans, less allowance for loan losses 333,252,251 512,496,608 619,984,453 723,464,904
Premises and equipment, net 241,845 2,350,653 2,574,870 2,885,534
Bank owned life insurance (BOLI) 11,854,475 15,502,289 15,987,184 16,433,095
Deferred income taxes, net 2,331,087 6,272,699 6,152,143 4,537,656
Core Deposit Intangible 0 558,468 502,621 446,774
Goodwill 0 7,350,465 7,350,465 7,350,465
Accrued interest receivable and other assets 8,616,353 7,753,271 9,311,371 12,397,436
Total assets 445,613,475 652,935,346 764,842,578 866,470,423

LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits

Non-interest bearing 140,558,314 225,139,528 284,674,085 314,516,053
Interest bearing 214,468,126 317,044,351 365,372,728 445,857,359
Total deposits 355,026,440 542,183,879 650,046,813 760,373,412
FHLB Advances NA NA 29,000,000 0
Long-term debt NA NA 0 11,000,000
Other borrowings 29,000,000 29,000,000 NA NA
Subordinated debt NA 0 4,925,684 4,942,856
Accrued interest payable and other liabilities 3,009,196 3,813,371 4,300,428 5,411,488
Total liabilities 387,035,636 574,997,250 688,272,925 781,727,756

Shareholders' equity

Preferred Stock 10,949,443 10,949,443 0 0
Common stock 46,866,592 64,123,095 68,750,160 76,935,565
Retained earnings 672,006 2,830,463 7,820,983 7,804,361
Accumulated other comprehensive income (loss), net of taxes 89,798 35,095 (1,490) 2,741
Total shareholders' equity 58,577,839 77,938,096 76,569,653 84,742,667
Total liabilities and shareholders' equity 445,613,475 652,935,346 764,842,578 866,470,423
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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