Financial Highlights
Financial Highlights
2015 FY
12/31/2015
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FY
12/31/2018
2019 FQ2 YTD
6/30/2019
Balance Sheet ($000)
Total Assets 1,706,201 1,848,999 1,949,934 2,101,384 2,741,308
Total Net Loans 1,177,023 1,311,399 1,335,579 1,543,004 2,079,835
Total Deposits 1,557,224 1,686,038 1,775,400 1,811,410 2,329,665
Equity Attributable to Parent Company 125,063 134,671 147,957 167,026 237,094
Total Equity 125,063 134,671 147,957 167,026 237,094
Profitability (%)
Net Income($000) 15,694 16,896 14,816 23,881 10,470
Net Income Attributable to Parent($000) 15,694 16,896 14,816 23,881 10,470
ROAA 0.95 0.95 0.79 1.21 0.88
Core ROAA 0.92 0.93 1 1.21 1.13
ROAE 12.91 12.77 10.47 15.35 10.70
ROATCE 12.80 12.68 10.39 15.24 11.19
Core ROAE 12.54 12.56 13.21 15.45 13.70
Net Interest Margin 3.32 3.21 3.25 3.33 3.22
Reported: Net Interest Margin 3.32 3.21 3.25 3.33 3.24
Efficiency Ratio 68.05 68.03 66.43 65.74 65.34
Noninterest Inc/ Operating Rev 32.77 34.46 34.41 34.16 30.99
Balance Sheet Ratios (%)
Loans/ Deposits 76.56 78.30 76.09 86.11 89.99
Securities/ Assets 25.59 22.30 22.64 21.79 16.33
Total Equity/ Total Assets 7.33 7.28 7.59 7.95 8.65
Tangible Equity/ Tangible Assets 7.31 7.26 7.57 7.93 7.48
Tang Common Equity/ Tang Assets 7.31 7.26 7.57 7.93 7.48
Asset Quality (%)
NPAs/ Assets 0.09 0.08 0.07 0.03 0.05
NPA Excl Restructured/ Assets 0.09 0.08 0.07 0.03 0.05
NPAs & 90+ PD/ Assets 0.09 0.09 0.07 0.03 0.05
NPAs/ Loans & REO 0.12 0.11 0.10 0.04 0.06
Nonaccrual & 90+ & OREO/ Assets 0.09 0.09 0.07 0.03 0.05
NPAs & 90+ PD/ Loans & REO 0.12 0.13 0.10 0.04 0.06
NPA & Loans 90+/ Tangible Common Equity + LLR 1.06 1.12 0.81 0.35 0.57
NCOs/ Avg Loans 0.01 0 0.02 0 0.02
Loan Loss Reserves/ Gross Loans 1.27 1.15 1.13 1.08 0.82
Reserves/ NPAs NM NM NM NM NM
Loan Loss Provision/ NCO NM 212.90 119.47 NM 292.44
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 133,009 144,003 153,281 173,070 205,002
Tier 1 Capital($000) 133,009 144,003 153,281 173,070 205,002
Tier 2 Capital($000) 14,101 15,138 15,334 16,818 17,150
Total Capital($000) 147,110 159,141 168,615 189,888 222,152
Total Risk-weighted Assets($000) 1,126,993 1,210,907 1,226,701 1,433,886 1,884,210
Tier 1 Common Capital (CET1) Ratio(%) 11.80 11.89 12.50 12.07 10.88
Tier 1 Ratio(%) 11.80 11.89 12.50 12.07 10.88
Total Capital Ratio(%) 13.05 13.14 13.75 13.25 11.79
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 7.75 7.95 8.06 8.49 7.94
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 4,000,181 4,036,879 4,082,188 4,107,051 4,850,230
Avg Diluted Shares(actual) 3,993,599 4,028,944 4,065,754 4,098,633 4,412,239
Basic Book Value per Share 31.26 33.36 36.24 40.67 48.88
Book Value per Share, As Reported 31.26 33.36 36.24 40.67 48.88
Basic Tangible Book Value per Share 31.16 33.26 36.14 40.57 41.72
Tangible Book Value per Share, As Reported 31.04 33.26 36.14 40.57 41.72
Common Dividends Declared per Share 1.80 1.84 1.86 1.96 1.02
EPS after Extra 3.93 4.15 3.61 5.77 2.35
EPS after Extra Growth(%) 4 5.60 (13) 59.80 (18.70)
Core EPS 3.82 4.08 4.56 5.81 3.01
Core EPS Growth(%) 5.90 6.80 11.90 27.30 4.30
Diluted EPS before Amortization 3.93 4.15 3.61 5.77 2.37
Pre-Provision Earnings per Share 3.85 4.01 4.53 6.26 3.18
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