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As-Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 3/31/2018 USD 2018 Q1 YTD 3/31/2018 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 3/31/2018 USD 2018 Q1 YTD 3/31/2018 USD

Assets

Cash and due from banks 12,504 21,119 22,103 10,917 14,078
Federal Funds Sold 0 NA NA NA NA
Cash and cash equivalents 12,504 21,119 22,103 10,917 14,078
Available-for-sale investment securities at fair value 172,202 152,379 115,184 111,783 108,889
Held-to-maturity investment securities 59,454 67,829 67,022 62,390 62,219
Total investment securities 231,656 220,208 182,206 174,173 171,108
Loans held for sale 617 NA 0 651 646
Loans 455,603 481,758 817,529 845,897 864,345
Allowance for credit losses (4,906) (4,935) (5,373) (5,843) (6,145)
Net loans 450,697 476,823 812,156 840,054 858,200
Restricted stock 2,587 3,447 5,381 7,641 7,363
Office property and equipment, net 7,668 6,806 9,243 8,649 8,366
Accrued interest receivable 2,253 2,410 3,567 3,822 3,982
Other real estate owned & other repossessed property 901 2,581 2,767 5,012 4,993
Bank owned life insurance (BOLI) 9,098 9,326 9,552 9,314 9,366
Core deposit intangible 82 66 537 435 411
Goodwill NA 0 15,590 15,525 15,525
Net deferred taxes 3,446 3,733 5,250 2,980 2,979
Other assets 1,821 2,299 2,333 2,742 3,013
Total assets 723,330 748,818 1,070,685 1,081,915 1,100,030

Liabilities and Stockholders' Equity

Liabilities

Non-interest-bearing deposits 102,107 125,581 173,467 176,815 172,044
Interest-bearing deposits
NOW 205,816 185,973 224,219 199,310 207,538
Money market 143,483 137,555 184,783 221,726 253,757
Savings 66,634 72,660 86,176 81,050 81,635
Time 76,805 66,018 187,256 140,490 115,214
Brokered deposits 10,238 18,488 29,286 41,812 61,598
Total deposits 605,083 606,275 885,187 861,203 891,786
Federal Home Loan Bank of Pittsburgh (FHLBP) advances 20,000 30,000 55,332 79,013 67,993
Repurchase agreements 19,221 32,416 11,889 12,023 10,717
Junior subordinated debentures 9,279 9,279 9,279 9,279 9,279
Subordinated debt 0 9,750 9,750 9,750 9,750
Other borrowings 505 464 418 2,738 351
Total borrowings 49,005 81,909 86,668 112,803 98,090
Accrued interest payable 351 345 534 554 494
Other liabilities 4,983 4,801 3,456 5,413 5,990
Total liabilities 659,422 693,330 975,845 979,973 996,360
Commitments and contingencies 0 0 0 NA NA

Stockholders' Equity

Preferred stock 13,000 NA NA NA NA
Common stock 2,931 2,955 4,351 4,379 4,383
Treasury stock (2,301) (2,015) (1,730) (1,429) (1,345)
Surplus 34,745 35,097 68,973 69,110 69,238
Retained earnings 17,132 21,436 25,520 32,272 35,056
Accumulated other comprehensive loss (1,599) (1,985) (2,274) (2,390) (3,662)
Total stockholders' equity 63,908 55,488 94,840 101,942 103,670
Total liabilities and stockholders' equity 723,330 748,818 1,070,685 1,081,915 1,100,030
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.