| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 |
|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Cash and cash equivalents | |||||||||
110,999 | 86,036 | 89,107 | 83,111 | 65,796 | 77,726 | 95,786 | 61,251 | 69,899 | 63,250 |
Securities available for sale, at fair value | |||||||||
52,179 | 56,549 | 52,295 | 51,829 | 54,116 | 55,336 | - | - | - | 41,472 |
Securities available for sale, at fair value | |||||||||
- | - | - | - | - | - | 46,324 | 45,005 | 36,864 | - |
Other investments | |||||||||
9,253 | 9,176 | 9,173 | 8,134 | 7,306 | 7,260 | 7,220 | 7,225 | 6,818 | 4,287 |
Loans held for sale | |||||||||
4,382 | 2,100 | 368 | 1,245 | 246 | 752 | 3,253 | 8,717 | 18,570 | 15,739 |
Loans receivable, net of allowance of $10,748 at March 31, 2020 and $10,050 at December 31, 2019 | |||||||||
985,811 | 980,088 | 954,730 | - | - | 865,423 | - | - | - | - |
Loans receivable, net of allowance of $9,525 at June 30, 2019 and $9,636 at December 31, 2018 | |||||||||
- | - | - | 937,481 | 903,445 | - | 840,467 | 816,317 | 784,034 | 738,884 |
Premises and equipment, net | |||||||||
5,141 | 5,226 | 5,367 | 5,341 | 5,083 | 4,633 | 4,757 | 4,817 | 4,707 | 4,481 |
Accrued interest receivable | |||||||||
3,056 | 3,166 | 3,140 | 3,301 | 3,368 | 3,068 | 2,782 | 2,597 | 2,503 | 2,463 |
Servicing assets | |||||||||
6,963 | 7,024 | 6,959 | 6,996 | 7,046 | 6,987 | 7,097 | 6,993 | 6,724 | 6,771 |
Company owned life insurance (COLI) | |||||||||
10,683 | 10,618 | 10,551 | 10,482 | 10,414 | 11,394 | 11,321 | 11,242 | 11,165 | 11,090 |
Deferred tax assets | |||||||||
2,709 | 3,189 | 2,358 | 2,858 | 3,665 | 3,672 | 4,257 | 4,238 | 4,003 | 3,383 |
Other real estate owned (OREO) | |||||||||
- | - | 1,817 | - | 1,146 | - | - | - | - | - |
Operating right-of-use assets | |||||||||
7,885 | 8,254 | 8,606 | 8,959 | 7,738 | - | - | - | - | - |
Other assets | |||||||||
10,532 | 8,094 | 7,463 | 7,819 | 7,866 | 7,935 | 11,759 | 11,032 | 11,549 | 9,179 |
Total assets | |||||||||
1,209,593 | 1,179,520 | 1,151,934 | 1,127,556 | 1,077,235 | 1,044,186 | 1,035,028 | 979,440 | 956,842 | 900,999 |
LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||||
Liabilities | |||||||||
Deposits: | |||||||||
Noninterest bearing | |||||||||
304,845 | 294,281 | 296,831 | 274,976 | 272,482 | 285,132 | 286,347 | 270,144 | 289,011 | 289,410 |
Interest bearing: | |||||||||
Savings | |||||||||
5,220 | 4,753 | 3,316 | 3,527 | 3,527 | 3,421 | 3,239 | 3,097 | 3,913 | 3,839 |
Money market and others | |||||||||
291,137 | 291,865 | 274,698 | 279,748 | 257,694 | 261,349 | 253,807 | 244,619 | 261,506 | 247,324 |
Time deposits greater than $250,000 | |||||||||
210,507 | 213,345 | 219,547 | 211,305 | 188,162 | 164,281 | 157,686 | 141,823 | 124,637 | 108,952 |
Other time deposits | |||||||||
240,489 | 216,467 | 201,601 | 205,116 | 207,537 | 190,993 | 195,809 | 163,688 | 139,210 | 123,781 |
Total deposits | |||||||||
1,052,198 | 1,020,711 | 995,993 | 974,672 | 929,402 | 905,176 | 896,890 | 823,372 | 818,279 | 773,306 |
Federal Home Loan Bank advances | |||||||||
- | - | - | - | - | - | 0 | 25,000 | 10,000 | 25,000 |
Accrued interest payable | |||||||||
2,592 | 2,686 | 2,541 | 2,287 | 2,178 | 1,715 | 1,195 | 872 | 557 | 423 |
Operating lease liabilities | |||||||||
9,701 | 10,126 | 10,335 | 10,737 | 9,566 | - | - | - | - | - |
Other liabilities | |||||||||
7,003 | 5,421 | 5,472 | 4,378 | 3,713 | 7,508 | 11,966 | 8,801 | 10,745 | 10,790 |
Total liabilities | |||||||||
1,071,494 | 1,038,944 | 1,014,341 | 992,074 | 944,859 | 914,399 | 910,053 | 858,047 | 839,582 | 809,519 |
Shareholders’ equity | |||||||||
Preferred stock – no par value; 10,000,000 shares authorized; no shares issued or outstanding at March 31, 2020 and December 31, 2019 | |||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - |
Common stock – no par value; 50,000,000 shares authorized; 15,115,868 and 15,703,276 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively | |||||||||
80,422 | 86,381 | 87,085 | 88,455 | 89,120 | 91,209 | 91,008 | 90,893 | 90,676 | 67,926 |
Additional paid-in capital | |||||||||
7,882 | 7,524 | 7,154 | 6,965 | 6,626 | 6,249 | - | - | - | - |
Additional paid-in capital | |||||||||
- | - | - | - | - | - | 5,886 | 5,719 | 5,525 | 5,280 |
Retained earnings | |||||||||
48,695 | 46,483 | 43,086 | 39,878 | 36,824 | 32,877 | 29,112 | 25,631 | 21,839 | 18,624 |
Accumulated other comprehensive loss | |||||||||
1,100 | 188 | 268 | 184 | -194 | -548 | -1,033 | -851 | -782 | -350 |
Total shareholders’ equity | |||||||||
138,099 | 140,576 | 137,593 | 135,482 | 132,376 | 129,787 | 124,975 | 121,393 | 117,259 | 91,480 |
Total liabilities and shareholders' equity | |||||||||
1,209,593 | 1,179,520 | 1,151,934 | 1,127,556 | 1,077,235 | 1,044,186 | 1,035,028 | 979,440 | 956,842 | 900,999 |