Financial Highlights
Financial Highlights
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FY
12/31/2018
2019 FY
12/31/2019
2020 FQ1 YTD
3/31/2020
Balance Sheet ($000)
Total Assets 1,848,999 1,949,934 2,101,384 2,855,563 2,852,629
Total Net Loans 1,311,399 1,335,579 1,543,004 2,210,094 2,238,514
Total Deposits 1,686,038 1,775,400 1,811,410 2,358,878 2,390,359
Equity Attributable to Parent Company 134,671 147,957 167,026 286,561 297,759
Total Equity 134,671 147,957 167,026 286,561 297,759
Profitability (%)
Net Income($000) 16,896 14,816 23,881 25,257 7,232
Net Income Attributable to Parent($000) 16,896 14,816 23,881 25,257 7,232
ROAA 0.95 0.79 1.21 0.97 1.02
Core ROAA 0.93 1 1.21 1.13 1.05
ROAE 12.77 10.47 15.35 11.40 9.93
ROATCE 12.68 10.39 15.24 12.64 11.35
Core ROAE 12.56 13.21 15.45 13.20 10.31
Net Interest Margin 3.21 3.25 3.33 3.22 3.37
Reported: Net Interest Margin 3.21 3.25 3.33 3.22 3.39
Efficiency Ratio 68.03 66.43 65.74 63.34 62.51
Noninterest Inc/ Operating Rev 34.46 34.41 34.16 31.67 28.25
Balance Sheet Ratios (%)
Loans/ Deposits 78.30 76.09 86.11 94.40 94.37
Securities/ Assets 22.30 22.64 21.79 14.23 13.01
Total Equity/ Total Assets 7.28 7.59 7.95 10.04 10.44
Tangible Equity/ Tangible Assets 7.26 7.57 7.93 8.93 9.34
Tang Common Equity/ Tang Assets 7.26 7.57 7.93 8.93 9.34
Asset Quality (%)
NPAs/ Assets 0.08 0.07 0.03 0.16 0.15
NPA Excl Restructured/ Assets 0.08 0.07 0.03 0.16 0.15
NPAs & 90+ PD/ Assets 0.09 0.07 0.03 0.20 0.20
NPAs/ Loans & REO 0.11 0.10 0.04 0.20 0.19
Nonaccrual & 90+ & OREO/ Assets 0.09 0.07 0.03 0.20 0.20
NPAs & 90+ PD/ Loans & REO 0.13 0.10 0.04 0.26 0.26
NPA & Loans 90+/ Tangible Common Equity + LLR 1.12 0.81 0.35 2.15 2.06
NCOs/ Avg Loans 0 0.02 0 0.08 0.05
Loan Loss Reserves/ Gross Loans 1.15 1.13 1.08 0.82 0.89
Reserves/ NPAs NM NM NM 399.56 458.98
Loan Loss Provision/ NCO 212.90 119.47 NM 188.69 NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 144,003 153,281 173,070 254,497 259,041
Tier 1 Capital($000) 144,003 153,281 173,070 254,497 259,041
Tier 2 Capital($000) 15,138 15,334 16,818 18,230 20,446
Total Capital($000) 159,141 168,615 189,888 272,727 279,487
Total Risk-weighted Assets($000) 1,210,907 1,226,701 1,433,886 2,003,913 2,055,881
Tier 1 Common Capital (CET1) Ratio(%) 11.89 12.50 12.07 12.70 12.60
Tier 1 Ratio(%) 11.89 12.50 12.07 12.70 12.60
Total Capital Ratio(%) 13.14 13.75 13.25 13.61 13.60
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 7.95 8.06 8.49 8.98 9.20
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 4,036,879 4,082,188 4,107,051 5,400,868 5,417,983
Avg Diluted Shares(actual) 4,028,944 4,065,754 4,098,633 4,661,720 5,432,099
Basic Book Value per Share 33.36 36.24 40.67 53.06 54.96
Book Value per Share, As Reported 33.36 36.24 40.67 53.06 54.96
Basic Tangible Book Value per Share 33.26 36.14 40.57 46.66 48.60
Tangible Book Value per Share, As Reported 33.26 36.14 40.57 46.66 48.60
Common Dividends Declared per Share 1.84 1.86 1.96 2.04 0.53
EPS after Extra 4.15 3.61 5.77 5.37 1.33
EPS after Extra Growth(%) 5.60 (13) 59.80 (6.90) (10.70)
Core EPS 4.08 4.56 5.81 6.23 1.38
Core EPS Growth(%) 6.80 11.90 27.30 7.20 (9.50)
Diluted EPS before Amortization 4.15 3.61 5.77 5.43 1.35
Pre-Provision Earnings per Share 4.01 4.53 6.26 7.02 1.68
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