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As-Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD

Assets

Cash and due from banks 21,119 22,103 10,917 17,321 34,893
Cash and cash equivalents 21,119 22,103 10,917 17,321 34,893
Available-for-sale investment securities at fair value 152,379 115,184 111,783 96,643 87,122
Held-to-maturity investment securities 67,829 67,022 62,390 62,026 61,000
Total investment securities 220,208 182,206 174,173 158,669 148,122
Loans held for sale NA 0 651 419 449
Loans 481,758 817,529 845,897 934,971 933,697
Allowance for credit losses (4,935) (5,373) (5,843) (6,675) (6,719)
Net loans 476,823 812,156 840,054 928,296 926,978
Restricted stock 3,447 5,381 7,641 5,616 6,389
Office property and equipment, net 6,806 9,243 8,649 7,636 7,360
Operating lease right-of-use asset NA NA NA 0 3,976
Accrued interest receivable 2,410 3,567 3,822 4,207 4,396
Other real estate owned & other repossessed property 2,581 2,767 5,012 5,051 3,466
Bank owned life insurance (BOLI) 9,326 9,552 9,314 9,530 9,582
Core deposit intangible 66 537 435 343 322
Goodwill 0 15,590 15,525 15,525 15,525
Net deferred taxes 3,733 5,250 2,980 2,762 2,407
Other assets 2,299 2,333 2,742 2,860 2,829
Total assets 748,818 1,070,685 1,081,915 1,158,235 1,166,694

Liabilities and Stockholders' Equity

Liabilities

Non-interest-bearing deposits 125,581 173,467 176,815 164,746 166,806
Interest-bearing deposits
NOW 185,973 224,219 199,310 236,071 233,077
Money market 137,555 184,783 221,726 235,023 231,524
Savings 72,660 86,176 81,050 77,979 78,748
Time 66,018 187,256 140,490 162,096 162,939
Brokered deposits 18,488 29,286 41,812 108,651 107,163
Total deposits 606,275 885,187 861,203 984,566 980,257
Federal Home Loan Bank of Pittsburgh (FHLBP) advances 30,000 55,332 79,013 32,935 41,918
Repurchase agreements 32,416 11,889 12,023 NA NA
Junior subordinated debentures 9,279 9,279 9,279 9,279 9,279
Subordinated debt 9,750 9,750 9,750 9,750 9,750
Other borrowings 464 418 2,738 3,305 289
Total borrowings 81,909 86,668 112,803 55,269 61,236
Accrued interest payable 345 534 554 646 699
Other liabilities 4,801 3,456 5,413 5,908 5,158
Operating lease liability NA NA NA 0 4,358
Total liabilities 693,330 975,845 979,973 1,046,389 1,051,708
Commitments and contingencies 0 0 0 NA NA

Stockholders' Equity

Common stock 2,955 4,351 4,379 4,391 4,382
Treasury stock (2,015) (1,730) (1,429) (1,130) (1,027)
Surplus 35,097 68,973 69,110 69,333 69,454
Retained earnings 21,436 25,520 32,272 42,223 44,507
Accumulated other comprehensive loss (1,985) (2,274) (2,390) (2,971) (2,330)
Total stockholders' equity 55,488 94,840 101,942 111,846 114,986
Total liabilities and stockholders' equity 748,818 1,070,685 1,081,915 1,158,235 1,166,694
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.