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 12/31/2016 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD

ASSETS

Cash and due from banks 5,873,854 7,878,325 9,127,209
Interest-earning balances due from the Federal Reserve Bank (“FRB”) and Federal Home Loan Bank (“FHLB”) 43,292,344 85,017,026 87,110,226
Total cash and cash equivalents 49,166,198 92,895,351 96,237,435
Interest-earning deposits with other banks 13,609,000 3,934,000 2,950,000
Securities held to maturity, at amortized cost 2,037,749 1,370,786 964,645
Securities available for sale, at fair value 5,019,960 2,992,450 74,266,746
Loans held for sale, at the lower of cost or fair value 21,266,889 17,808,650 18,095,927
Loans receivable, net of allowance 539,810,310 641,145,547 687,686,110
Premises and equipment, net 2,774,299 3,183,832 3,975,366
Other real estate owned (“OREO”), net NA 0 1,155,578
Loan servicing rights 5,740,835 7,765,615 9,708,502
Accrued interest receivable 1,819,898 2,134,548 2,730,674
FRB stock, at cost 1,655,950 1,745,700 2,047,050
FHLB stock, at cost 2,325,200 2,916,700 3,400,200
Other assets 8,223,790 8,529,998 9,975,512
Total assets 653,450,078 786,423,177 913,193,745

LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities

Deposits
Noninterest-bearing 125,892,382 163,384,607 197,209,735
Savings 8,805,156 8,845,315 12,990,041
Money market and others 152,503,265 133,343,160 169,309,518
Time deposits of $100,000 or more 215,490,160 NA NA
Time deposits under $100,000 70,120,635 NA NA
Time deposits of $250,000 or less NA 270,313,394 293,918,601
Time deposits greater than $250,000 NA 104,625,111 121,676,314
Total deposits 572,811,598 680,511,587 795,104,209
FHLB advances 0 10,000,000 10,000,000
Accrued interest payable 785,184 1,407,508 1,353,829
Other liabilities 3,987,377 4,517,017 4,697,489
Total liabilities 577,584,159 696,436,112 811,155,527

Shareholders' equity

Common stock and additional paid-in capital no par value 55,797,067 58,659,124 68,762,003
Retained earnings 20,056,998 31,332,384 33,987,244
Accumulated other comprehensive loss, net of tax 11,854 (4,443) (711,029)
Total shareholders' equity 75,865,919 89,987,065 102,038,218
Total liabilities and shareholders' equity 653,450,078 786,423,177 913,193,745
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.