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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 12/31/2018 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 12/31/2018 USD

Assets

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

Liabilities and Stockholders' Equity

Liabilities

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

Stockholders' Equity

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