2017 Q4 Form 10-Q Financial Statement

#000103877317000031 Filed on November 14, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q4
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $680.0K $610.0K $570.0K
YoY Change 19.3% 8.93% -371.43%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.393M
YoY Change 26.77%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.910M $2.567M $2.610M
YoY Change 49.81% 0.33% 25.48%
Income Tax $1.440M $881.7K $960.0K
% Of Pretax Income 36.83% 34.35% 36.78%
Net Earnings $40.00K $1.685M $1.650M
YoY Change -97.58% 4.59% 39.83%
Net Earnings / Revenue
Basic Earnings Per Share $0.20
Diluted Earnings Per Share $3.663K $0.20 $266.1K
COMMON SHARES
Basic Shares Outstanding 8.244M shares 8.235M shares 5.888M shares
Diluted Shares Outstanding 8.321M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $199.6M $198.2M
YoY Change 1.23% -19.57%
Cash & Equivalents $113.0M $84.10M $68.75M
Short-Term Investments $115.5M $129.4M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $43.00M $33.78M $30.54M
YoY Change 40.82% 21.23% 21.96%
Goodwill $38.05M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.721B $1.136B $1.062B
YoY Change 61.96% 9.14% 3.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $24.10M $26.50M $26.60M
YoY Change -9.4% 9.5% -5.34%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $24.10M $26.50M $26.60M
YoY Change -9.4% 9.5% -5.34%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.700M $6.500M $5.000M
YoY Change 74.0% -13.33% 66.67%
Total Long-Term Liabilities $8.700M $6.500M $5.000M
YoY Change 74.0% -13.33% 66.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.10M $26.50M $26.60M
Total Long-Term Liabilities $8.700M $6.500M $5.000M
Total Liabilities $1.515B $999.2M $957.2M
YoY Change 58.26% 6.81% 3.62%
SHAREHOLDERS EQUITY
Retained Earnings $21.89M $21.65M $16.87M
YoY Change 29.74% 39.75% 39.5%
Common Stock $11.15M $8.243M $5.896M
YoY Change 89.15% 40.06% 1.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $205.9M $136.6M $105.2M
YoY Change
Total Liabilities & Shareholders Equity $1.721B $1.136B $1.062B
YoY Change 61.96% 9.14% 3.76%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q4
OPERATING ACTIVITIES
Net Income $40.00K $1.685M $1.650M
YoY Change -97.58% 4.59% 39.83%
Depreciation, Depletion And Amortization $680.0K $610.0K $570.0K
YoY Change 19.3% 8.93% -371.43%
Cash From Operating Activities $760.0K $240.0K -$620.0K
YoY Change -222.58% -92.55% -542.86%
INVESTING ACTIVITIES
Capital Expenditures -$1.110M -$460.0K -$3.060M
YoY Change -63.73% -81.45% 887.1%
Acquisitions
YoY Change
Other Investing Activities -$25.21M $13.10M -$10.36M
YoY Change 143.34% -179.11% -61.56%
Cash From Investing Activities -$26.32M $12.63M -$13.42M
YoY Change 96.13% -166.33% -50.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 54.48M -11.61M 24.21M
YoY Change 125.03% -536.47% 41.25%
NET CHANGE
Cash From Operating Activities 760.0K 240.0K -620.0K
Cash From Investing Activities -26.32M 12.63M -13.42M
Cash From Financing Activities 54.48M -11.61M 24.21M
Net Change In Cash 28.92M 1.260M 10.17M
YoY Change 184.37% -109.57% -202.01%
FREE CASH FLOW
Cash From Operating Activities $760.0K $240.0K -$620.0K
Capital Expenditures -$1.110M -$460.0K -$3.060M
Free Cash Flow $1.870M $700.0K $2.440M
YoY Change -23.36% -87.72% 442.22%

Facts In Submission

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1784953 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4952316 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1558582 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5605444 USD
us-gaap Deferred Tax Expense From Stock Options Exercised
DeferredTaxExpenseFromStockOptionsExercised
0 USD
us-gaap Deferred Tax Expense From Stock Options Exercised
DeferredTaxExpenseFromStockOptionsExercised
0 USD
CY2016Q4 us-gaap Demand Deposit Accounts
DemandDepositAccounts
162702000 USD
CY2016Q4 us-gaap Demand Deposit Accounts
DemandDepositAccounts
162702457 USD
CY2017Q3 us-gaap Demand Deposit Accounts
DemandDepositAccounts
156953397 USD
CY2017Q3 us-gaap Demand Deposit Accounts
DemandDepositAccounts
156953000 USD
CY2016Q4 us-gaap Deposits
Deposits
907065171 USD
CY2017Q3 us-gaap Deposits
Deposits
960187079 USD
CY2016Q4 us-gaap Deposits Savings Deposits
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274604724 USD
CY2017Q3 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
306357476 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1624809 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1776958 USD
us-gaap Dividends Preferred Stock
DividendsPreferredStock
195000 USD
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.60
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59
CY2016Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
153353 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
440100 USD
CY2017Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
101665 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
315951 USD
CY2016Q4 us-gaap Federal Funds Purchased And Securities Loaned Or Sold Under Agreements To Repurchase Fair Value Disclosure
FederalFundsPurchasedAndSecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
26622000 USD
CY2017Q3 us-gaap Federal Funds Purchased And Securities Loaned Or Sold Under Agreements To Repurchase Fair Value Disclosure
FederalFundsPurchasedAndSecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
26542000 USD
CY2016Q4 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
26621984 USD
CY2016Q4 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
26622000 USD
CY2017Q3 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
26542000 USD
CY2017Q3 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
26541772 USD
CY2016Q4 us-gaap Federal Funds Sold
FederalFundsSold
0 USD
CY2017Q3 us-gaap Federal Funds Sold
FederalFundsSold
18398000 USD
CY2016Q3 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
295951 USD
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
850632 USD
CY2017Q3 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
294315 USD
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
849614 USD
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0 contract
CY2016Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
782015000 USD
CY2017Q3 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
847714000 USD
CY2016Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
1415000 USD
CY2017Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
1260000 USD
CY2016Q4 us-gaap Foreclosed Assets
ForeclosedAssets
2386239 USD
CY2017Q3 us-gaap Foreclosed Assets
ForeclosedAssets
2887556 USD
CY2016Q3 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
78988 USD
us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
199419 USD
CY2017Q3 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
19928 USD
us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
30449 USD
CY2016Q3 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
18224 USD
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
199587 USD
CY2017Q3 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
143508 USD
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
143508 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
184626 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-42314 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2558246 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6553652 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2566614 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7530300 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
947354 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2402267 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
881745 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2553293 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1570558 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2795584 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-355796 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
38985 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
2359290 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
26234084 USD
us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-3866120 USD
us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-80212 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-23177 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
38172 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-6480504 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-2427408 USD
CY2016Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
450289 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1333082 USD
CY2017Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
483411 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1291969 USD
CY2016Q3 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
601815 USD
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
1984041 USD
CY2017Q3 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
739905 USD
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
2092948 USD
CY2016Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
10110680 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
29439355 USD
CY2017Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
11491016 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
32448666 USD
CY2016Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
34457691 USD
CY2017Q3 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
24833385 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
1098871 USD
us-gaap Interest Expense
InterestExpense
3179111 USD
CY2017Q3 us-gaap Interest Expense
InterestExpense
1393059 USD
us-gaap Interest Expense
InterestExpense
3790844 USD
CY2016Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1065092 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
3039044 USD
CY2017Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1373236 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
3712326 USD
CY2016Q3 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
16614 USD
us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
48353 USD
CY2017Q3 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
15054 USD
us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
46593 USD
CY2016Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
9404038 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
27791960 USD
CY2017Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
10894129 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
30647501 USD
CY2016Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
9664605 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
28408503 USD
CY2017Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
10924129 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
30987983 USD
CY2016Q3 us-gaap Interest Income Operating
InterestIncomeOperating
10763476 USD
us-gaap Interest Income Operating
InterestIncomeOperating
31587614 USD
CY2017Q3 us-gaap Interest Income Operating
InterestIncomeOperating
12317188 USD
us-gaap Interest Income Operating
InterestIncomeOperating
34778827 USD
us-gaap Interest Paid
InterestPaid
3202288 USD
us-gaap Interest Paid
InterestPaid
3742255 USD
CY2016Q4 us-gaap Investment Owned Restricted Cost
InvestmentOwnedRestrictedCost
5628000 USD
CY2016Q4 us-gaap Investment Owned Restricted Cost
InvestmentOwnedRestrictedCost
5627950 USD
CY2017Q3 us-gaap Investment Owned Restricted Cost
InvestmentOwnedRestrictedCost
6080700 USD
CY2017Q3 us-gaap Investment Owned Restricted Cost
InvestmentOwnedRestrictedCost
6081000 USD
CY2016Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
4311708 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
13292864 USD
CY2017Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
5035443 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
14471602 USD
CY2016Q4 us-gaap Liabilities
Liabilities
957216145 USD
CY2017Q3 us-gaap Liabilities
Liabilities
999234252 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1062456285 USD
CY2017Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1135821840 USD
CY2015Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
4354000 USD
CY2016Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5105000 USD
CY2017Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5393000 USD
CY2016Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
813376000 USD
CY2017Q3 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
871679000 USD
CY2016Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
808271000 USD
CY2016Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
808271003 USD
CY2017Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
866286380 USD
CY2017Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
866286000 USD
CY2016Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
803057000 USD
CY2017Q3 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
855882000 USD
CY2016Q4 us-gaap Marketable Securities
MarketableSecurities
129422000 USD
CY2017Q3 us-gaap Marketable Securities
MarketableSecurities
115535000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
7295223 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
39293706 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-40887901 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-32549953 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
12214911 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
8606378 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
1610892 USD
us-gaap Net Income Loss
NetIncomeLoss
4151385 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
1684869 USD
us-gaap Net Income Loss
NetIncomeLoss
4977007 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1340892 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3399385 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1684869 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4782007 USD
CY2016Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
153482650 USD
CY2016Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
153483000 USD
CY2017Q3 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
185385953 USD
CY2017Q3 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
185386000 USD
CY2016Q3 us-gaap Noninterest Expense
NoninterestExpense
8049616 USD
us-gaap Noninterest Expense
NoninterestExpense
24473842 USD
CY2017Q3 us-gaap Noninterest Expense
NoninterestExpense
9547203 USD
us-gaap Noninterest Expense
NoninterestExpense
26521277 USD
CY2016Q3 us-gaap Noninterest Income
NoninterestIncome
1203824 USD
us-gaap Noninterest Income
NoninterestIncome
3235534 USD
CY2017Q3 us-gaap Noninterest Income
NoninterestIncome
1219688 USD
us-gaap Noninterest Income
NoninterestIncome
3404076 USD
CY2016Q3 us-gaap Noninterest Income Other
NoninterestIncomeOther
472300 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
1294318 USD
CY2017Q3 us-gaap Noninterest Income Other
NoninterestIncomeOther
584621 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
1543018 USD
CY2016Q4 us-gaap Other Assets
OtherAssets
9508899 USD
CY2017Q3 us-gaap Other Assets
OtherAssets
8258028 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
174061 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
800931 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-126287 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
628437 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
11299 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
123744 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
88975 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
88975 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
6925 USD
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2179133 USD
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
47970 shares
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
23455 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
10046 shares
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
75843 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
54533 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
54533 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
185360 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
924675 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-37312 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
717412 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
114925 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
573073 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-23286 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
444467 USD
CY2016Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
6635655 USD
CY2017Q3 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
7414120 USD
CY2016Q4 us-gaap Other Liabilities
OtherLiabilities
5023600 USD
CY2017Q3 us-gaap Other Liabilities
OtherLiabilities
6505401 USD
CY2016Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1000924 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
2846886 USD
CY2017Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1703338 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
4239594 USD
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
66811239 USD
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
33957948 USD
CY2017Q1 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
12000000 USD
CY2017Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
195000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
752000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
195000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1049878 USD
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
0 USD
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
10000000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
21351789 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
12507860 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3932566 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1693323 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
200 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
452750 USD
CY2016Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.09
CY2015 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.01
CY2015 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
120000 USD
CY2016Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
270000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
752000 USD
CY2016 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1022000 USD
CY2017Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
195000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2017Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2017Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
585267 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
0 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
22532 USD
CY2017Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
12000 shares
CY2017Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
12000 USD
CY2017Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
693092 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
37840224 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
38100000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
95804205 USD
us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
0 USD
us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
-12000000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
50055118 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
27070170 USD
CY2016Q3 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
5578023 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
13748623 USD
CY2017Q3 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
12363748 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
12363748 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
1152775 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
41636 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4873757 USD
CY2016Q3 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
271921 USD
us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
873160 USD
CY2017Q3 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
363114 USD
us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
971648 USD
CY2016Q3 us-gaap Professional Fees
ProfessionalFees
558368 USD
us-gaap Professional Fees
ProfessionalFees
1564973 USD
CY2017Q3 us-gaap Professional Fees
ProfessionalFees
471707 USD
us-gaap Professional Fees
ProfessionalFees
1483108 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
30535594 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
33777723 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
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CY2016 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
788000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
340482 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
340000 USD
us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
1431857 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
74248 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
5451319 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.00
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2390463 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
32934676 USD
us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
4873757 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
12000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
105240140 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
136587588 USD
CY2016Q4 us-gaap Time Deposits
TimeDeposits
316275340 USD
CY2016Q4 us-gaap Time Deposits
TimeDeposits
316275000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
12.31
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
12.31
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
12.31
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
84010 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
348124 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
14469 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
12.31
us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
31791 USD
CY2017Q3 us-gaap Time Deposits
TimeDeposits
311490253 USD
CY2017Q3 us-gaap Time Deposits
TimeDeposits
311490000 USD
CY2017Q3 us-gaap Unused Commitments To Extend Credit
UnusedCommitmentsToExtendCredit
166800000 USD
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
261813 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
271201 shares
CY2017Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
97897 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
91685 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6096333 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6092035 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8332680 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8086346 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5834520 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5820834 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8234783 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7994661 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Basis of Presentation and Accounting Estimates:</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All adjustments consisting of normal recurring accruals, that in the opinion of management, are necessary for a fair presentation of the financial position and the results of operations for the periods covered by the report have been included. The accompanying unaudited consolidated financial statements and related notes should be read in conjunction with those appearing in the most recent Annual Report previously filed on Form 10-K.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All significant intercompany balances and transactions have been eliminated in consolidation.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In preparing the consolidated financial statements in conformity with accounting principles generally accepted in the U.S, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet, and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of foreclosed assets and deferred taxes, other-than-temporary impairments of securities, and the fair value of financial instruments.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The determination of the adequacy of the allowance for loan losses is based on estimates that are particularly susceptible to significant changes in the economic environment and market conditions. In connection with the determination of the estimated losses on loans, management obtains independent appraisals for significant collateral.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s loans are generally secured by specific items of collateral including real property, consumer assets, and business assets. Although the Company has a diversified loan portfolio, a substantial portion of its debtors&#8217; ability to honor their contracts is dependent on local economic conditions.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">While management uses available information to recognize losses on loans, further reductions in the carrying amounts of loans may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the estimated losses on loans. Such agencies may require the Company to recognize additional losses based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the estimated losses on loans may change materially in the near term. However, the amount of the change that is reasonably possible cannot be estimated.</font></div></div>

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