Financial Highlights
Financial Highlights
2014 FY
12/31/2014
2015 FY
12/31/2015
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FQ3 YTD
9/30/2018
Balance Sheet ($000)
Total Assets 1,573,692 1,706,201 1,848,999 1,949,934 1,988,944
Total Net Loans 1,066,781 1,177,023 1,311,399 1,335,579 1,435,675
Total Deposits 1,370,536 1,557,224 1,686,038 1,775,400 1,731,279
Equity Attributable to Parent Company 116,258 125,063 134,671 147,957 160,776
Total Equity 116,258 125,063 134,671 147,957 160,776
Profitability (%)
Net Income($000) 14,944 15,694 16,896 14,816 18,575
Net Income Attributable to Parent($000) 14,944 15,694 16,896 14,816 18,575
ROAA 0.98 0.95 0.95 0.79 1.26
Core ROAA 0.93 0.92 0.93 1 1.26
ROAE 12.87 12.91 12.77 10.47 16.17
ROATCE 12.91 12.80 12.68 10.39 16.21
Core ROAE 12.27 12.54 12.56 13.21 16.17
Net Interest Margin 3.37 3.32 3.21 3.25 3.32
Reported: Net Interest Margin 3.37 3.32 3.21 3.25 3.33
Efficiency Ratio 67.13 68.05 68.03 66.43 65.04
Noninterest Inc/ Operating Rev 32.64 32.77 34.46 34.41 34.59
Balance Sheet Ratios (%)
Loans/ Deposits 78.86 76.56 78.30 76.09 83.86
Securities/ Assets 27.16 25.59 22.30 22.64 23.03
Total Equity/ Total Assets 7.39 7.33 7.28 7.59 8.08
Tangible Equity/ Tangible Assets 7.36 7.31 7.26 7.57 8.06
Tang Common Equity/ Tang Assets 7.36 7.31 7.26 7.57 8.06
Asset Quality (%)
NPAs/ Assets 0.10 0.09 0.08 0.07 NA
NPA Excl Restructured/ Assets 0.10 0.09 0.08 0.07 NA
NPAs & 90+ PD/ Assets 0.10 0.09 0.09 0.07 NA
NPAs/ Loans & REO 0.15 0.12 0.11 0.10 NA
Nonaccrual & 90+ & OREO/ Assets 0.10 0.09 0.09 0.07 NA
NPAs & 90+ PD/ Loans & REO 0.15 0.12 0.13 0.10 NA
NPA & Loans 90+/ Tangible Common Equity + LLR 1.25 1.06 1.12 0.81 NA
NCOs/ Avg Loans 0 0.01 0 0.02 0
Loan Loss Reserves/ Gross Loans 1.32 1.27 1.15 1.13 1.11
Reserves/ NPAs 880.80 NM NM NM NA
Loan Loss Provision/ NCO NM NM 212.90 119.47 NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 122,808 133,009 144,003 153,281 NA
Tier 1 Capital($000) 122,808 133,009 144,003 153,281 NA
Tier 2 Capital($000) NA 14,101 15,138 15,334 NA
Total Capital($000) 135,696 147,110 159,141 168,615 NA
Total Risk-weighted Assets($000) 1,029,674 1,126,993 1,210,907 1,226,701 NA
Tier 1 Common Capital (CET1) Ratio(%) 11.93 11.80 11.89 12.50 NA
Tier 1 Ratio(%) 11.93 11.80 11.89 12.50 NA
Total Capital Ratio(%) 13.18 13.05 13.14 13.75 NA
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 7.75 7.75 7.95 8.06 NA
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 3,940,536 4,000,181 4,036,879 4,082,188 4,105,742
Avg Diluted Shares(actual) 3,957,416 3,993,599 4,028,944 4,065,754 4,095,447
Basic Book Value per Share 29.50 31.26 33.36 36.24 39.16
As-reported Book Value per Share 29.50 31.26 33.36 36.24 39.16
Basic Tangible Book Value per Share 29.40 31.16 33.26 36.14 39.06
Reported: Tangible Book Value 29.31 31.04 33.06 NA NA
Common Dividends Declared per Share 1.68 1.80 1.84 1.86 1.46
EPS after Extra 3.78 3.93 4.15 3.61 4.49
EPS after Extra Growth(%) 4.40 4 5.60 (13) 33.20
Core EPS 3.60 3.82 4.08 4.56 4.49
Core EPS Growth(%) 5 5.90 6.80 11.90 33.20
Diluted EPS before Amortization 3.78 3.93 4.15 3.61 4.49
Pre-Provision Earnings per Share 3.73 3.85 4.01 4.53 4.77
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