2019 Q4 Form 10-Q Financial Statement

#000103877319000040 Filed on November 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $260.0K
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 $1.000M $1.210M $1.030M
YoY Change 17.48% 68.85%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $6.204M $4.208M
YoY Change 47.43% 202.07%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $7.210M $7.904M $5.629M
YoY Change 17.62% 40.42% 119.32%
Income Tax $470.0K $1.941M $1.305M
% Of Pretax Income 6.52% 24.56% 23.18%
Net Earnings $6.730M $5.963M $4.324M
YoY Change 4.67% 37.9% 156.64%
Net Earnings / Revenue 2293.46%
Basic Earnings Per Share $0.43 $0.34
Diluted Earnings Per Share $478.3K $0.42 $0.34
COMMON SHARES
Basic Shares Outstanding 13.96M shares 13.96M 12.72M shares
Diluted Shares Outstanding 14.05M 12.82M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $184.0M $170.9M $130.1M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $59.43M $58.39M $51.14M
YoY Change 6.11% 14.17% 51.4%
Goodwill $65.61M
YoY Change -0.72%
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 $2.449B $2.390B $2.051B
YoY Change 7.68% 16.56% 80.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $5.500M $2.200M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $6.200M $4.400M $16.80M
YoY Change -47.46% -73.81% -36.6%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.500M $2.200M $16.80M
YoY Change -53.39% -86.9% -36.6%
LONG-TERM LIABILITIES
Long-Term Debt $39.30M $39.20M $39.20M
YoY Change 0.26% 0.0%
Other Long-Term Liabilities $12.80M $15.20M $10.70M
YoY Change 75.34% 42.06% 64.62%
Total Long-Term Liabilities $52.10M $54.40M $49.90M
YoY Change 12.04% 9.02% 667.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.500M $2.200M $16.80M
Total Long-Term Liabilities $52.10M $54.40M $49.90M
Total Liabilities $2.136B $2.084B $1.799B
YoY Change 7.28% 15.85% 80.07%
SHAREHOLDERS EQUITY
Retained Earnings $65.84M $59.81M $33.56M
YoY Change 64.63% 78.21% 54.98%
Common Stock $14.01M $13.96M $12.75M
YoY Change 0.54% 9.47% 54.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $312.7M $306.0M $251.6M
YoY Change
Total Liabilities & Shareholders Equity $2.449B $2.390B $2.051B
YoY Change 7.68% 16.56% 80.57%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $6.730M $5.963M $4.324M
YoY Change 4.67% 37.9% 156.64%
Depreciation, Depletion And Amortization $1.000M $1.210M $1.030M
YoY Change 17.48% 68.85%
Cash From Operating Activities $3.750M $8.180M $6.910M
YoY Change 119.3% 18.38% 2779.17%
INVESTING ACTIVITIES
Capital Expenditures -$1.760M -$2.500M -$900.0K
YoY Change -10.2% 177.78% 95.65%
Acquisitions
YoY Change
Other Investing Activities -$39.23M -$25.97M -$27.66M
YoY Change 183.04% -6.11% -311.15%
Cash From Investing Activities -$40.99M -$28.47M -$28.55M
YoY Change 159.1% -0.28% -326.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 50.28M -8.310M -18.49M
YoY Change -29676.47% -55.06% 59.26%
NET CHANGE
Cash From Operating Activities 3.750M 8.180M 6.910M
Cash From Investing Activities -40.99M -28.47M -28.55M
Cash From Financing Activities 50.28M -8.310M -18.49M
Net Change In Cash 13.04M -28.60M -40.13M
YoY Change -191.32% -28.73% -3284.92%
FREE CASH FLOW
Cash From Operating Activities $3.750M $8.180M $6.910M
Capital Expenditures -$1.760M -$2.500M -$900.0K
Free Cash Flow $5.510M $10.68M $7.810M
YoY Change 50.14% 36.75% 1015.71%

Facts In Submission

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CY2019Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
49107000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
2970000 USD
CY2019Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
459000 USD
CY2019Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
40 contract
CY2018Q3 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
0 USD
us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
-1000 USD
CY2019Q3 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
1000 USD
us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
34000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1097000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1178000 USD
CY2018Q4 us-gaap Demand Deposit Accounts
DemandDepositAccounts
311482000 USD
CY2019Q3 us-gaap Demand Deposit Accounts
DemandDepositAccounts
351474000 USD
CY2018Q4 us-gaap Deposits
Deposits
1921964000 USD
CY2019Q3 us-gaap Deposits
Deposits
1998073000 USD
CY2018Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
641945000 USD
CY2019Q3 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
634934000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2943000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
3296000 USD
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.97
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.42
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.96
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.41
CY2018Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
11499000 USD
CY2019Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
12913000 USD
CY2018Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
158000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
577000 USD
CY2019Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
-219000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
140000 USD
CY2018Q4 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
11756000 USD
CY2019Q3 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
4368000 USD
CY2018Q4 us-gaap Federal Funds Sold
FederalFundsSold
0 USD
CY2019Q3 us-gaap Federal Funds Sold
FederalFundsSold
1524000 USD
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0 loan
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0 loan
CY2018Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1737160000 USD
CY2019Q3 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1832443000 USD
CY2018Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
2696000 USD
CY2019Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
2564000 USD
CY2018Q4 us-gaap Foreclosed Assets
ForeclosedAssets
2495000 USD
CY2019Q3 us-gaap Foreclosed Assets
ForeclosedAssets
1561000 USD
CY2018Q3 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
578000 USD
us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
2173000 USD
CY2019Q3 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
335000 USD
us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
1067000 USD
CY2018Q3 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
493000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
1181000 USD
CY2019Q3 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
518000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
1192000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-41000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-14000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-434000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
43000 USD
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
15791000 USD
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
-473000 USD
CY2018Q4 us-gaap Hedged Asset Fair Value Hedge
HedgedAssetFairValueHedge
39730000 USD
CY2019Q3 us-gaap Hedged Asset Fair Value Hedge
HedgedAssetFairValueHedge
43808000 USD
CY2018Q4 us-gaap Hedged Asset Fair Value Hedge Cumulative Increase Decrease
HedgedAssetFairValueHedgeCumulativeIncreaseDecrease
1174000 USD
CY2019Q3 us-gaap Hedged Asset Fair Value Hedge Cumulative Increase Decrease
HedgedAssetFairValueHedgeCumulativeIncreaseDecrease
4456000 USD
CY2018Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
3429000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
3129000 USD
CY2019Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
5946000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
5424000 USD
CY2018Q3 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
33000 USD
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
84000 USD
CY2019Q3 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
15000 USD
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
53000 USD
CY2018Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
3559000 USD
CY2019Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
6275000 USD
CY2018Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
534000 USD
CY2019Q3 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
745000 USD
CY2018Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
3652000 USD
CY2019Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
6653000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5629000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
15210000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7904000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
26240000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1305000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3540000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1941000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6425000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
726000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
3635000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
678000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
207000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
65879000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
75634000 USD
us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-7268000 USD
us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-7388000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
228000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
900000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3039000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
330000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2008000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
5029000 USD
CY2018Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
407000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1534000 USD
CY2019Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
273000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1465000 USD
CY2018Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
21571000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
61451000 USD
CY2019Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
25515000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
75768000 USD
CY2018Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
75807000 USD
CY2019Q3 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
146300000 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
4208000 USD
us-gaap Interest Expense
InterestExpense
10230000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
6204000 USD
us-gaap Interest Expense
InterestExpense
18651000 USD
CY2018Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
3969000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
9608000 USD
CY2019Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
5605000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
16644000 USD
CY2018Q3 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
11000 USD
us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
35000 USD
CY2019Q3 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
5000 USD
us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
19000 USD
CY2018Q3 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
19000 USD
us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
19000 USD
CY2019Q3 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
584000 USD
us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
1757000 USD
CY2018Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
18558000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
53602000 USD
CY2019Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
20416000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
61026000 USD
CY2018Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
18860000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
55209000 USD
CY2019Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
21140000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
62940000 USD
CY2018Q3 us-gaap Interest Income Operating
InterestIncomeOperating
23068000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
65439000 USD
CY2019Q3 us-gaap Interest Income Operating
InterestIncomeOperating
27344000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
81591000 USD
CY2018Q3 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
129000 USD
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
240000 USD
CY2019Q3 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
338000 USD
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
1173000 USD
CY2018Q3 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
839000 USD
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
2611000 USD
CY2019Q3 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
748000 USD
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
2591000 USD
us-gaap Interest Paid Net
InterestPaidNet
10003000 USD
us-gaap Interest Paid Net
InterestPaidNet
17751000 USD
CY2018Q4 us-gaap Investment Owned Restricted Cost
InvestmentOwnedRestrictedCost
11499000 USD
CY2019Q3 us-gaap Investment Owned Restricted Cost
InvestmentOwnedRestrictedCost
12913000 USD
CY2018Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
7934000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
22759000 USD
CY2019Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
9072000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
26357000 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
174000 USD
us-gaap Lease Cost
LeaseCost
546000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2150000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
685000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
67000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
140000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
250000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
487000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
521000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
311000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
1991398000 USD
CY2019Q3 us-gaap Liabilities
Liabilities
2084445000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2274409000 USD
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2390485000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5860000 USD
CY2018Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7074000 USD
CY2018Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7156000 USD
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
8275000 USD
CY2019Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9097000 USD
CY2019Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9792000 USD
CY2018Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1775260000 USD
CY2019Q3 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1864679000 USD
CY2018Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1766985000 USD
CY2019Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1854887000 USD
CY2018Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
1979000 USD
CY2019Q3 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
3068000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
77021000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
82777000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-79050000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-53787000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
19106000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
26122000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
4324000 USD
us-gaap Net Income Loss
NetIncomeLoss
11670000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
5963000 USD
us-gaap Net Income Loss
NetIncomeLoss
19815000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4324000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11670000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5963000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19815000 USD
CY2018Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
319861000 USD
CY2019Q3 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
365024000 USD
CY2018Q3 us-gaap Noninterest Expense
NoninterestExpense
14760000 USD
us-gaap Noninterest Expense
NoninterestExpense
43296000 USD
CY2019Q3 us-gaap Noninterest Expense
NoninterestExpense
14708000 USD
us-gaap Noninterest Expense
NoninterestExpense
47097000 USD
CY2018Q3 us-gaap Noninterest Income
NoninterestIncome
1831000 USD
us-gaap Noninterest Income
NoninterestIncome
4904000 USD
CY2019Q3 us-gaap Noninterest Income
NoninterestIncome
2196000 USD
us-gaap Noninterest Income
NoninterestIncome
12311000 USD
CY2018Q3 us-gaap Noninterest Income Other
NoninterestIncomeOther
570000 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
1562000 USD
CY2019Q3 us-gaap Noninterest Income Other
NoninterestIncomeOther
762000 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
2089000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5 segment
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
149000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
464000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1839000 USD
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
145000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
447000 USD
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2134000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0324
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y5M20D
CY2018Q4 us-gaap Other Assets
OtherAssets
14514000 USD
CY2019Q3 us-gaap Other Assets
OtherAssets
14899000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-700000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2468000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
274000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2468000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-1000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
1000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
25000 USD
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-700000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-2469000 USD
CY2019Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
275000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2493000 USD
CY2018Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
79034000 USD
CY2019Q3 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
77534000 USD
CY2018Q4 us-gaap Other Liabilities
OtherLiabilities
7258000 USD
CY2019Q3 us-gaap Other Liabilities
OtherLiabilities
17304000 USD
CY2018Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1497000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
4346000 USD
CY2019Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1802000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
5045000 USD
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
42313000 USD
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
49333000 USD
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
82165000 USD
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
85424000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
41804000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
6074000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1885000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4506000 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
3840000 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
1414000 USD
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2019Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2019Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2019Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1528000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
314000 USD
us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
39158000 USD
us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
0 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
2525000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
15555000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
160700000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
145176000 USD
CY2018Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
25000000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
24563000 USD
CY2019Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
16500000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
16515000 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
3446000 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
1395000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
45750000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
49435000 USD
CY2018Q3 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
507000 USD
us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
1477000 USD
CY2019Q3 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
560000 USD
us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
1696000 USD
CY2018Q3 us-gaap Professional Fees
ProfessionalFees
727000 USD
us-gaap Professional Fees
ProfessionalFees
1987000 USD
CY2019Q3 us-gaap Professional Fees
ProfessionalFees
573000 USD
us-gaap Professional Fees
ProfessionalFees
1724000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
56012000 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
58386000 USD
CY2018Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
302000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1607000 USD
CY2019Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
724000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1914000 USD
us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
3151000 USD
us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
417000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
39991000 USD
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
59806000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
327000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
432000 USD
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
13000 USD
CY2018Q3 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
0 USD
us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
9000 USD
us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
64000 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
34732000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
447000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1519000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
38000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
250000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
205853000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
247487000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
251642000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
283011000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
299611000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
306040000 USD
CY2018Q4 us-gaap Subordinated Debt
SubordinatedDebt
39177000 USD
CY2019Q3 us-gaap Subordinated Debt
SubordinatedDebt
39240000 USD
CY2018Q4 us-gaap Time Deposits
TimeDeposits
648676000 USD
CY2019Q3 us-gaap Time Deposits
TimeDeposits
646641000 USD
CY2018Q4 us-gaap Unused Commitments To Extend Credit
UnusedCommitmentsToExtendCredit
333900000 USD
CY2019Q3 us-gaap Unused Commitments To Extend Credit
UnusedCommitmentsToExtendCredit
383315000 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
23000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
69000 USD
CY2018Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
98695 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
94687 shares
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
97573 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
89089 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12817556 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12143838 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14053432 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14038414 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12718861 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12049151 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13955859 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13949325 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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;">Reclassifications:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain captions and amounts in the 2018 consolidated financial statements were reclassified to conform to the 2019 financial statement presentation. These reclassifications had no impact on net income or shareholders' equity as previously reported.</font></div></div>
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;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial information in this report for </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2018</font><font style="font-family:inherit;font-size:10pt;"> has not been audited by an independent registered public accounting firm. The consolidated financial statements presented herein conform to U.S. generally accepted accounting principles ("GAAP") and to general industry practices. In the opinion of the Company&#8217;s management, the accompanying interim financial statements contain all material adjustments necessary to present fairly the Company's financial condition, the results of operations, and cash flows for the interim period. Results for interim periods are not necessarily indicative of the results to be expected for a full year. 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. In preparing the consolidated financial statements in conformity with GAAP, 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. 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, the fair value of financial instruments, goodwill, and the fair value of assets acquired and liabilities assumed in acquisitions. </font></div></div>

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