Annual Review 2019
financial summary
consolidated shareholders’ equity
consolidated balance sheets
Assets Cash and Cash Equivalents Bank-Owned Certificates of Deposits
12/31/19
12/31/18
$31,935
$28,444
2,654
3,305
Securities Available for Sale, at Fair Value Loans, Net of Allowance for Loan Losses of $22,526 at December 31, 2019 and $20,031 at December 31, 2018 Federal Home Loan Bank Stock (FHLB), at Cost Premises and Equipment, Net
289,877
253,378
Voting
Non-voting
Voting
Non-voting
Shares
Common Stock
Additional Paid-In Capital
Accumulated Other
Comprehensive Income (Loss) Total
Retained
Earnings
1,884,000 1,640,385 7,824 7,614 27,628 13,074
Balance, December 31, 2016
$
115,366
20,744,001
3,845,860
$
207
$
38 65,777 $
$
52,619 (3,275) $
Accrued Interest Goodwill
6,775 2,626
6,589 2,626 1,052 17,274
368 21,248 180
368
Comprehensive Income Stock-based Compensation Stock Options Exercised Balance, December 31, 2017 Comprehensive Income (Loss) Stock-based Compensation Stock Options Exercised Issuance of Common Stock, Net of Issuance Costs Conversion of Non-voting
16,889
4,359
Other Assets Other Intangible Assets, Net Total Assets
861
90,000
1
179
14,650
$
$
2,268,830
1,973,741
137,162 799 24,074 106
20,834,001
38
3,845,860
208
69,508
66,324 799
1,084
Liabilities Deposits:
26,920
(2,846)
$
Noninterest Bearing Interest Bearing
447,509 1,375,801
369,203 1,191,731
$
37,900
1
105
58,857
5,379,513
54
58,803
Total Deposits
1,823,310 1,560,934
Notes Payable Federal Funds Purchased FHLB Advances Subordinated Debentures, Net of Issuance Costs Accrued Interest Payable Other Liabilities
18,000 15,000 124,000 24,630
Stock to Voting Stock Reclassification of the Income Tax Effects of the Tax Cuts and Jobs Act to Retained Earnings
3,845,860
(3,845,860)
38
(38)
13,000 136,500
(194)
194
24,733 1,982 24,511
1,806 8,373
Balance, December 31, 2018
Total Liabilities
2,024,036
1,752,743
220,998 752 37,745 258 (14,959)
30,097,274
301
96,234
126,031 752
(1,568)
shareholders’ equity
Comprehensive Income Stock-based Compensation Stock Options Exercised Stock Repurchases Issuance of Restricted Stock Awards
31,403
6,342
Preferred Stock, $0.01 Par Value Authorized 10,000,000; None Issued and Outstanding at December 31, 2019 and December 31, 2018
74,850
1
257
(1,331,512)
(13)
(14,946)
132,960
1
(1)
Common Stock, $0.01 Par Value Common Stock - Authorized 75,000,000; Issued and Outstanding 28,973,572 at December 31, 2019 and 30,097,274 at December 31, 2018 Retained Earnings Additional Paid-In Capital Accumulated Other Comprehensive Income (Loss)
Balance, December 31, 2019
290
301
4,774 $ 244,794
$
$
$
$
28,973,572
290
112,093
127,637
$
112,093 127,637
126,031 96,234 (1,568)
4,774
Total Shareholders’ Equity Total liabilities and shareholders’ equity
244,794
220,998
After tax return on equity - 13.50% Earnings Per share - $1.07 diluted earnings per share - $1.05 tangible book value per share - $8.33
2,268,830
1,973,741
$
$
*Dollars in thousands, except share data
*Dollars in thousands, except share data
20
21
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