2018 Q1 Form 10-Q Financial Statement

#000162828018006502 Filed on May 10, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q4 2017 Q1
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 $550.0K
YoY Change 19.3% 3.77%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.567M $1.129M
YoY Change 127.35% 10.36%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $4.355M $3.910M $2.590M
YoY Change 68.17% 49.81% 22.58%
Income Tax $940.5K $1.440M $945.9K
% Of Pretax Income 21.59% 36.83% 36.52%
Net Earnings $3.415M $40.00K $1.644M
YoY Change 107.73% -97.58% 21.87%
Net Earnings / Revenue
Basic Earnings Per Share $0.30 $0.19
Diluted Earnings Per Share $0.30 $3.663K $0.19
COMMON SHARES
Basic Shares Outstanding 11.21M shares 8.244M shares 7.525M shares
Diluted Shares Outstanding 11.32M shares 7.631M shares

Balance Sheet

Concept 2018 Q1 2017 Q4 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $192.7M
YoY Change -14.93%
Cash & Equivalents $96.71M $113.0M $55.55M
Short-Term Investments $137.1M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $44.20M $43.00M $30.80M
YoY Change 43.5% 40.82% 19.85%
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 $1.760B $1.721B $1.051B
YoY Change 67.49% 61.96% 3.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $16.00M $24.10M $23.20M
YoY Change -31.03% -9.4% 12.08%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $16.00M $24.10M $23.20M
YoY Change -31.03% -9.4% 12.08%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.800M $8.700M $5.600M
YoY Change 3.57% 74.0% 30.23%
Total Long-Term Liabilities $5.800M $8.700M $5.600M
YoY Change 3.57% 74.0% 30.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.00M $24.10M $23.20M
Total Long-Term Liabilities $5.800M $8.700M $5.600M
Total Liabilities $1.551B $1.515B $918.5M
YoY Change 68.91% 58.26% 0.47%
SHAREHOLDERS EQUITY
Retained Earnings $25.30M $21.89M $18.32M
YoY Change 38.12% 29.74% 38.46%
Common Stock $11.23M $11.15M $8.211M
YoY Change 36.81% 89.15% 41.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $208.9M $205.9M $132.6M
YoY Change
Total Liabilities & Shareholders Equity $1.760B $1.721B $1.051B
YoY Change 67.49% 61.96% 3.43%

Cashflow Statement

Concept 2018 Q1 2017 Q4 2017 Q1
OPERATING ACTIVITIES
Net Income $3.415M $40.00K $1.644M
YoY Change 107.73% -97.58% 21.87%
Depreciation, Depletion And Amortization $680.0K $550.0K
YoY Change 19.3% 3.77%
Cash From Operating Activities $2.643M $760.0K $2.622M
YoY Change 0.81% -222.58% -32.08%
INVESTING ACTIVITIES
Capital Expenditures $1.830M -$1.110M $654.0K
YoY Change 179.84% -63.73% -32.71%
Acquisitions
YoY Change
Other Investing Activities -$57.35M -$25.21M -$1.210M
YoY Change 4639.67% 143.34% -60.07%
Cash From Investing Activities -$59.18M -$26.32M -$1.863M
YoY Change 3075.79% 96.13% -53.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $950.5K $37.52M
YoY Change -97.47% 48179.02%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $40.22M 54.48M -$13.96M
YoY Change -388.12% 125.03% 28.18%
NET CHANGE
Cash From Operating Activities $2.643M 760.0K $2.622M
Cash From Investing Activities -$59.18M -26.32M -$1.863M
Cash From Financing Activities $40.22M 54.48M -$13.96M
Net Change In Cash -$16.32M 28.92M -$13.20M
YoY Change 23.61% 184.37% 19.68%
FREE CASH FLOW
Cash From Operating Activities $2.643M $760.0K $2.622M
Capital Expenditures $1.830M -$1.110M $654.0K
Free Cash Flow $812.6K $1.870M $1.968M
YoY Change -58.7% -23.36% -31.87%

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CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2017Q4 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.74
CY2017Q1 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
153299 USD
CY2018Q1 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
101804 USD
CY2017Q4 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
24054730 USD
CY2018Q1 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
15967801 USD
CY2017Q4 us-gaap Federal Funds Sold
FederalFundsSold
6964000 USD
CY2018Q1 us-gaap Federal Funds Sold
FederalFundsSold
2104000 USD
CY2017Q1 us-gaap Fees And Commissions Debit Cards
FeesAndCommissionsDebitCards
192394 USD
CY2017Q1 us-gaap Fees And Commissions Debit Cards
FeesAndCommissionsDebitCards
192400 USD
CY2018Q1 us-gaap Fees And Commissions Debit Cards
FeesAndCommissionsDebitCards
145500 USD
CY2018Q1 us-gaap Fees And Commissions Debit Cards
FeesAndCommissionsDebitCards
145536 USD
CY2017Q1 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
264673 USD
CY2018Q1 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
578003 USD
CY2017 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0 contract
CY2018Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0 contract
CY2017Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1285195000 USD
CY2018Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1339659000 USD
CY2017Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
1764000 USD
CY2018Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
1811000 USD
CY2017Q4 us-gaap Foreclosed Assets
ForeclosedAssets
3254392 USD
CY2018Q1 us-gaap Foreclosed Assets
ForeclosedAssets
2665057 USD
CY2018Q1 us-gaap Foreclosed Assets
ForeclosedAssets
2665000 USD
CY2017Q1 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
14078 USD
CY2018Q1 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
189427 USD
CY2017Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-15564 USD
CY2018Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-146540 USD
CY2017Q4 us-gaap Goodwill
Goodwill
38047000 USD
CY2017Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2018Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
10778 USD
CY2018Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-11000 USD
CY2017 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
2005000 USD
CY2018Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
2836000 USD
CY2017 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
129000 USD
CY2018Q1 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
29000 USD
CY2017Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
2657000 USD
CY2018Q1 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
3027000 USD
CY2017Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
461000 USD
CY2018Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
369000 USD
CY2017Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
2826000 USD
CY2018Q1 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
3096000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2589705 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4355226 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
945854 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
940455 USD
CY2017Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2018Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2017Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-160042 USD
CY2018Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
352171 USD
CY2017Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-17365921 USD
CY2018Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
60954797 USD
CY2017Q1 us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-3468587 USD
CY2018Q1 us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-8086929 USD
CY2017Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
2373 USD
CY2018Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
21507 USD
CY2017Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-486433 USD
CY2018Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
1453236 USD
CY2017Q1 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
246445 USD
CY2018Q1 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
526308 USD
CY2017Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
10215607 USD
CY2018Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
18227880 USD
CY2017Q1 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
660819 USD
CY2018Q1 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
1049356 USD
CY2017Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
41965597 USD
CY2018Q1 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
57891015 USD
CY2017Q1 us-gaap Interest Expense
InterestExpense
1128964 USD
CY2018Q1 us-gaap Interest Expense
InterestExpense
2566733 USD
CY2017Q1 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1097538 USD
CY2018Q1 us-gaap Interest Expense Deposits
InterestExpenseDeposits
2401462 USD
CY2017Q1 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
15951 USD
CY2018Q1 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
12496 USD
CY2017Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
9807909 USD
CY2018Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
16122525 USD
CY2017Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
9820359 USD
CY2018Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
16811321 USD
CY2017Q1 us-gaap Interest Income Operating
InterestIncomeOperating
10949323 USD
CY2018Q1 us-gaap Interest Income Operating
InterestIncomeOperating
19378054 USD
CY2017Q1 us-gaap Interest Paid
InterestPaid
1126591 USD
CY2018Q1 us-gaap Interest Paid
InterestPaid
2545226 USD
CY2017Q4 us-gaap Investment Owned Restricted Cost
InvestmentOwnedRestrictedCost
6430700 USD
CY2018Q1 us-gaap Investment Owned Restricted Cost
InvestmentOwnedRestrictedCost
7808300 USD
CY2017Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
4678540 USD
CY2018Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
7176344 USD
CY2017Q4 us-gaap Liabilities
Liabilities
1514918842 USD
CY2018Q1 us-gaap Liabilities
Liabilities
1551476093 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1720770682 USD
CY2018Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1760425008 USD
CY2016Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5105000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5860000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5860000 USD
CY2018Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6477000 USD
CY2018Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6477000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1323258000 USD
CY2018Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1374257000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1317398000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1317397909 USD
CY2018Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1367780000 USD
CY2018Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1367779622 USD
CY2018Q1 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
201000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13958720 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
40218389 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1863413 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-59711914 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2621546 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3176730 USD
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-445994 USD
CY2017Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
50836840 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
1643851 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
3414771 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1448851 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3414771 USD
CY2017Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
220520287 USD
CY2018Q1 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
276248990 USD
CY2017Q1 us-gaap Noninterest Expense
NoninterestExpense
8160476 USD
CY2018Q1 us-gaap Noninterest Expense
NoninterestExpense
13222491 USD
CY2017Q1 us-gaap Noninterest Income
NoninterestIncome
942272 USD
CY2018Q1 us-gaap Noninterest Income
NoninterestIncome
1455192 USD
CY2017Q1 us-gaap Noninterest Income Other
NoninterestIncomeOther
210040 USD
CY2018Q1 us-gaap Noninterest Income Other
NoninterestIncomeOther
406308 USD
CY2018Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5 segment
CY2017Q4 us-gaap Other Assets
OtherAssets
13232247 USD
CY2018Q1 us-gaap Other Assets
OtherAssets
12593237 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
318834 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1371394 USD
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
318834 USD
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1371394 USD
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
197831 USD
CY2018Q1 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
50659861 USD
CY2017Q4 us-gaap Other Liabilities
OtherLiabilities
8681393 USD
CY2018Q1 us-gaap Other Liabilities
OtherLiabilities
5774798 USD
CY2017Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1039136 USD
CY2018Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1448255 USD
CY2017Q1 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
-6106801 USD
CY2018Q1 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
50633564 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
CY2017Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
195000 USD
CY2018Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 USD
CY2017Q4 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
15826000 USD
CY2017Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
12507860 USD
CY2018Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
11239649 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
654044 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1789344 USD
CY2017Q1 us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
0 USD
CY2018Q1 us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
1377600 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
CY2016 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1022000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2018Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2017Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
12450 USD
CY2017 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
783000 USD
CY2018Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
689000 USD
CY2017Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
195000 USD
CY2018Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
CY2018Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
37516178 USD
CY2018Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
950521 USD
CY2017Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
60375 USD
CY2018Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
65000000 USD
CY2017Q1 us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
-12000000 USD
CY2018Q1 us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
0 USD
CY2017Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
5152054 USD
CY2018Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
5007826 USD
CY2018Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
CY2017Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
39636 USD
CY2018Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
320417 USD
CY2017Q1 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
295629 USD
CY2018Q1 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
478607 USD
CY2017Q1 us-gaap Professional Fees
ProfessionalFees
538050 USD
CY2018Q1 us-gaap Professional Fees
ProfessionalFees
898360 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
43000249 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
44202080 USD
CY2018Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
688796 USD
CY2017Q1 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
39517 USD
CY2018Q1 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
135038 USD
CY2017Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
0 USD
CY2018Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
69706 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
21888575 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
25303346 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
26812 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
33471 USD
CY2017Q1 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
31791 USD
CY2017Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
33223653 USD
CY2017Q1 us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
4260734 USD
CY2018Q1 us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
950521 USD
CY2017Q1 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
12000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
105240140 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
132550815 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
205851840 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
208948915 USD
CY2017Q4 us-gaap Time Deposits
TimeDeposits
442774094 USD
CY2018Q1 us-gaap Time Deposits
TimeDeposits
453276452 USD
CY2018Q1 us-gaap Unused Commitments To Extend Credit
UnusedCommitmentsToExtendCredit
256200000 USD
CY2017Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
106389 shares
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
113216 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7631219 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11324052 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7524830 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11210836 shares
CY2018Q1 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 2017 consolidated financial statements were reclassified to conform to the 2018 presentation and these reclassifications had no impact on net income or equity as previously reported.</font></div></div>
CY2018Q1 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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