Ixonia Annual Report 2017

Ixonia Bancshares, Inc. – Consolidated Statement of Condition
(amounts in thousands)
March 31, December 31,
ASSETS 2018 2017 2017 2016
Cash and cash equivalents $ 12,216 $ 10,729 $ 6,261 $ 27,995
Securities available for sale 78,696 92,106 86,386 91,945
Gross Loans 198,203 166,753 196,417 158,828
Allowance for loan and lease loss (2,895) (2,784) (2,875) (2,764)
Loans, net 195,308 163,969 193,542 156,064
Premises and equipment, net 11,468 11,097 11,505 11,210
Other assets 9,114 8,968 9,108 8,845
Total Assets $ 320,940 $ 306,364 $ 321,893 $ 315,657
LIABILITIES & STOCKHOLDERS’ EQUITY
Liabilities
Non-interest bearing deposits $ 45,802 $ 41,678 $ 49,279 $ 45,758
Interest-bearing deposits 226,320 210,361 220,162 215,030
Total Deposits 272,122 252,039 269,441 260,788
Borrowed funds 2,422 4,916 2,446 1,939
Other liabilities 955 1,006 1,339 1,372
Total Liabilities 278,416 260,449 279,293 270,157
Total Stockholders’ Equity 42,524 45,915 42,600 45,500
Total Liabilities & Stockholders’ Equity $ 320,940 $ 306,364 $ 321,893 $ 315,657
Ixonia Bank Regulatory Capital Ratios
Tier 1 Leverage Capital 11.27% 11.74% 11.24% 11.47%
Total Risk-Based Capital 14.92% 17.39% 15.20% 17.51%
First quarter deposits were up
$
20 million
First quarter loans were up
$
31 million
over the same period
in 2017, a growth rate of 8 %
over the same period
in 2017, a growth rate of
19 %
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