As Reported Financial Statements

As Reported Financials

Document Name As Of Date Currency Code (in units) 2015 Y FIN SUPP 12/31/2015 USD 2016 Y FIN SUPP 12/31/2016 USD 2017 Y AR 12/31/2017 USD 2018 Y AR 12/31/2018 USD
Document Name As Of Date Currency Code 2015 Y FIN SUPP 12/31/2015 USD 2016 Y FIN SUPP 12/31/2016 USD 2017 Y AR 12/31/2017 USD 2018 Y AR 12/31/2018 USD

ASSETS

Cash and due from banks 7,878,325 9,127,209 9,352,643 11,028,540
Interest-earning balances due from the Federal Reserve Bank (“FRB”) and the Federal Home Loan Bank (“FHLB”) 85,017,026 87,110,226 99,706,402 94,018,422
Total cash and cash equivalents 92,895,351 96,237,435 109,059,045 105,046,962
Interest-earning deposits with other banks 3,934,000 2,950,000 3,685,000 3,193,000
Securities available for sale, at fair value 2,992,450 74,266,746 115,655,336 96,694,092
Securities held to maturity, at amortized cost 1,370,786 964,645 8,001,800 7,736,613
Loans held for sale, at the lower of cost or fair value 17,808,650 18,095,927 28,346,035 45,665,053
Loans receivable, net of allowance for loan losses 641,145,547 687,686,110 778,746,344 865,773,664
Premises and equipment, net 3,183,832 3,975,366 6,109,181 5,232,524
Other real estate owned (“OREO”), net 0 1,155,578 0 25,000
Loan servicing rights 7,765,615 9,708,502 11,377,338 10,541,230
Accrued interest receivable 2,134,548 2,730,674 3,457,110 4,311,366
FRB stock, at cost 1,745,700 2,047,050 NA NA
FHLB stock, at cost 2,916,700 3,400,200 NA NA
Restricted securities, at cost NA NA 6,260,300 7,878,500
Other assets 8,529,998 9,975,512 8,156,354 8,975,573
Total assets 786,423,177 913,193,745 1,078,853,843 1,161,073,577

LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits

Noninterest-bearing 163,384,607 197,209,735 203,641,326 206,763,502
Savings 8,845,315 12,990,041 15,875,591 19,101,842
Money market and others 133,343,160 169,309,518 169,710,166 175,843,173
Time deposits of $250,000 or less 270,313,394 293,918,601 331,078,789 432,136,650
Time deposits greater than $250,000 104,625,111 121,676,314 175,415,236 174,748,484
Total deposits 680,511,587 795,104,209 895,721,108 1,008,593,651
FHLB advances 10,000,000 10,000,000 60,000,000 10,000,000
Accrued interest payable 1,407,508 1,353,829 2,063,863 4,246,952
Other liabilities 4,517,017 4,697,489 5,890,552 6,320,664
Total liabilities 696,436,112 811,155,527 963,675,523 1,029,161,267

Shareholders' equity

Common stock NA NA 9,121 10,102
Additional paid-in capital NA NA 69,347,357 82,994,570
Common stock and additional paid-in capital no par value 58,659,124 68,762,003 NA NA
Retained earnings 31,332,384 33,987,244 46,037,615 49,885,003
Accumulated other comprehensive loss, net of tax (4,443) (711,029) (215,773) (977,365)
Total shareholders' equity 89,987,065 102,038,218 115,178,320 131,912,310
Total liabilities and shareholders' equity 786,423,177 913,193,745 1,078,853,843 1,161,073,577
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.