Overview Financials News + Filings Key Docs Charts Ownership Insiders
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In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Assets | | | | | | | | |
Cash and due from banks | 11.5 | 109.0 | 56.9 | 25.1 | 24.1 | 13.3 | 9.9 | 9.1 |
Federal funds sold | 2.1 | | | | | | | |
Interest-bearing deposits with banks | 11.8 | 30.7 | 20.2 | 7.4 | 3.3 | 2.1 | 1.3 | 1.9 |
Securities available for sale ("AFS"), at fair value | 462.7 | 497.8 | 246.1 | 208.2 | | | | |
Non-marketable equity securities held in other financial institutions | 0.2 | 0.2 | | | | | | |
Federal Home Loan Bank ("FHLB") stock - at cost | 4.6 | 1.5 | 2.8 | 3.4 | | | | |
Net loans | 1,798.5 | 1,586.8 | 1,594.1 | 1,445.1 | | | | |
Goodwill | 10.8 | 10.8 | 10.8 | 10.8 | 10.8 | | | |
Premises and equipment, net | 21.3 | 21.4 | 20.3 | 21.7 | 22.9 | 21.4 | 22.2 | 20.2 |
Accrued interest receivable | 8.3 | 5.6 | 8.7 | 5.0 | 5.0 | 4.5 | 4.0 | 3.2 |
Investment in bank owned life insurance | 39.8 | 38.9 | 38.1 | 37.2 | 36.3 | 29.4 | 28.6 | 27.8 |
Core deposit intangible | 0.6 | 1.0 | 1.5 | 2.1 | 2.8 | | | |
Net deferred tax assets | 24.7 | 9.0 | 7.9 | 6.2 | 6.7 | 5.9 | | |
Right of use assets - operating leases | 5.9 | 6.1 | 7.8 | 8.4 | | | | |
Other assets | 2.7 | 3.6 | 2.7 | 3.9 | 1.7 | 4.6 | 11.0 | 8.9 |
Total Assets | 2,410.0 | 2,327.3 | 2,026.4 | 1,797.5 | 1,689.2 | 1,406.0 | 1,334.3 | 1,143.3 |
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Liabilities and Stockholders’ Equity | | | | | | | | |
Deposits | | | | | | | | |
Non-interest-bearing deposits | 630.1 | 445.8 | 362.1 | 241.2 | 209.4 | 159.8 | 144.9 | 142.8 |
Interest-bearing deposits | 1,458.3 | 1,610.4 | 1,383.5 | 1,270.7 | 1,220.3 | 946.4 | 893.9 | 764.1 |
Total deposits | 2,088.5 | 2,056.2 | 1,745.6 | 1,511.8 | 1,429.6 | 1,106.2 | 1,038.8 | 906.9 |
Short-term borrowings | 79.0 | | | 5.0 | 35.0 | 87.5 | 79.0 | 36.0 |
Guaranteed preferred beneficial interest in junior subordinated debentures | 12.0 | 12.0 | 12.0 | 12.0 | 12.0 | 12.0 | 12.0 | 12.0 |
Subordinated notes net of debt issuance costs - 4.75% | 19.6 | 19.5 | 19.5 | 23.0 | 23.0 | 23.0 | 23.0 | 23.0 |
Lease liabilities - operating leases | 6.2 | 6.3 | 8.1 | 8.5 | | | | |
Accrued expenses and other liabilities | 17.8 | 12.9 | 15.9 | 15.3 | 14.7 | 11.8 | 11.4 | 10.0 |
Total Liabilities | 2,223.0 | 2,119.2 | 1,828.4 | 1,616.0 | 1,534.7 | 1,296.0 | 1,229.8 | 1,043.5 |
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Stockholders’ Equity | | | | | | | | |
Common stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 |
Additional paid in capital | 98.0 | 96.9 | 96.0 | 95.5 | 84.4 | 48.2 | 47.4 | 46.8 |
Retained earnings | 132.2 | 113.4 | 97.9 | 85.1 | 72.6 | 63.6 | 58.1 | 53.5 |
Accumulated other comprehensive losses | -43.1 | -2.0 | 4.5 | 1.5 | -1.8 | -1.2 | -0.9 | -0.3 |
Unearned ESOP shares | -0.2 | -0.3 | -0.5 | -0.6 | -0.7 | -0.8 | -0.2 | -0.3 |
Total Stockholders’ Equity | 187.0 | 208.1 | 198.0 | 181.5 | 154.5 | 110.0 | 104.4 | 99.8 |
Total Liabilities and Stockholders’ Equity | 2,410.0 | 2,327.3 | 2,026.4 | 1,797.5 | 1,689.2 | 1,406.0 | 1,334.3 | 1,143.3 |
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