| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 |
|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Cash and due from banks | |||||||||
12 | 27 | 13 | 9 | 10 | 17 | 12 | 5 | 6 | 5 |
Interest-bearing deposits at other banks | |||||||||
160 | 134 | 166 | 228 | 197 | 176 | 178 | 115 | 93 | 97 |
Federal funds sold | |||||||||
- | - | 0 | 0 | 3 | 3 | 3 | - | - | 0 |
Total cash and cash equivalents | |||||||||
173 | 161 | 180 | 237 | 210 | 197 | 193 | 121 | 100 | 103 |
Securities available-for-sale, at fair value | |||||||||
38 | 26 | 27 | 28 | 29 | 29 | 28 | 29 | 31 | 32 |
Available-for-sale Securities | |||||||||
- | - | - | - | - | - | - | - | - | 32 |
Securities held-to-maturity, at cost | |||||||||
1 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
Equity securities, at fair value | |||||||||
2 | 2 | 2 | 2 | 2 | 2 | 2 | - | - | 2 |
Restricted stock investments, at cost | |||||||||
12 | 12 | 12 | 12 | 12 | 12 | - | - | - | 3 |
Loans held for sale, at lower of cost or fair value | |||||||||
13 | 7 | 11 | 8 | 18 | 28 | 26 | 11 | 11 | 10 |
Loans held for investment | |||||||||
1,438 | 1,374 | 1,316 | 1,336 | 1,273 | 1,250 | 1,225 | - | - | 741 |
Gross loans | |||||||||
- | - | - | - | - | - | - | 787 | 793 | - |
Discounts and unearned fees, net | |||||||||
- | - | - | - | - | - | - | -3 | -4 | - |
Allowance for loan losses | |||||||||
16 | 13 | 12 | 12 | 11 | 11 | 10 | 10 | 10 | 10 |
Loans held for investment, net | |||||||||
1,421 | 1,361 | 1,304 | 1,323 | 1,262 | 1,239 | 1,214 | 773 | 779 | 731 |
FHLB stock | |||||||||
- | - | - | - | - | - | 6 | 3 | 3 | - |
Equity securities, at fair value | |||||||||
2 | 2 | 2 | 2 | 2 | 2 | 2 | - | 2 | 2 |
Accrued interest receivable | |||||||||
5 | 5 | 5 | 5 | 5 | 5 | 4 | 3 | 3 | 3 |
Premises and equipment | |||||||||
2 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
Servicing asset | |||||||||
3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 |
Deferred taxes, net | |||||||||
5 | 6 | 6 | 6 | 6 | 8 | 7 | - | - | 4 |
Goodwill | |||||||||
73 | 73 | 73 | 73 | 73 | 73 | 73 | - | - | 0 |
Core deposit intangible | |||||||||
5 | 5 | 5 | 6 | 6 | 6 | 6 | - | - | 0 |
Other assets | |||||||||
15 | 16 | 14 | 14 | 11 | 8 | 11 | 8 | 7 | 3 |
TOTAL ASSETS | |||||||||
1,775 | 1,690 | 1,655 | 1,730 | 1,649 | 1,622 | 1,587 | 962 | 947 | 903 |
LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||||
Deposits: | |||||||||
Noninterest-bearing demand | |||||||||
627 | 626 | 666 | 547 | 535 | 546 | 553 | 211 | 197 | 235 |
Money market, interest checking and savings | |||||||||
525 | 514 | 404 | 400 | 423 | 465 | 496 | 339 | 352 | 372 |
Time deposits | |||||||||
197 | 172 | 268 | 307 | 256 | 240 | 257 | 233 | 208 | 164 |
Total deposits | |||||||||
1,351 | 1,313 | 1,339 | 1,255 | 1,215 | 1,252 | 1,307 | 784 | 758 | 772 |
Borrowings | |||||||||
140 | 90 | 30 | 195 | 160 | 104 | 15 | - | - | 20 |
Federal Home Loan Bank borrowings | |||||||||
- | - | - | - | - | - | - | 60 | 57 | - |
Federal funds purchased | |||||||||
- | - | - | - | - | - | - | - | 18 | - |
Senior secured notes | |||||||||
8 | 9 | 13 | 12 | 14 | 8 | 12 | 4 | 2 | 0 |
Accrued interest payable and other liabilities | |||||||||
12 | 15 | 14 | 12 | 12 | 8 | 9 | - | - | 5 |
Accrued interest payable | |||||||||
- | - | - | - | - | - | - | 0 | 0 | - |
Other liabilities | |||||||||
- | - | - | - | - | - | - | 4 | 4 | - |
Total liabilities | |||||||||
1,512 | 1,428 | 1,396 | 1,476 | 1,401 | 1,374 | 1,343 | 853 | 841 | 798 |
Commitments and contingencies - Note 9 | |||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - |
Shareholders’ equity: | |||||||||
Preferred stock 100,000,000 shares authorized, none outstanding | |||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common stock no par value; 100,000,000 shares authorized; issued and outstanding: 11,662,603 at March 31, 2020 and 11,635,531 at December 31, 2019 | |||||||||
217 | 216 | 216 | 218 | 216 | 217 | 217 | 89 | 88 | 87 |
Additional paid-in capital | |||||||||
2 | 3 | 2 | 2 | 3 | 7 | 7 | 1 | 1 | 1 |
Retained earnings | |||||||||
43 | 41 | 38 | 33 | 28 | 23 | 19 | 19 | 17 | 16 |
Accumulated other comprehensive income (loss), net | |||||||||
0 | -0 | 0 | -0 | -0 | -0 | -1 | -0 | -0 | -0 |
Total shareholders’ equity | |||||||||
263 | 261 | 258 | 254 | 248 | 248 | 243 | 108 | 106 | 105 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||||
1,775 | 1,690 | 1,655 | 1,730 | 1,649 | 1,622 | 1,587 | 962 | 947 | 903 |