Financial Highlights

Financial Highlights
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
2014 FY
12/31/2014
Balance Sheet ($000)
Total Assets 1,636,927 1,295,638 1,306,799 1,280,531 1,108,066
Total Net Loans 1,194,577 845,657 816,228 767,809 695,835
Total Deposits 1,300,919 1,085,821 1,110,905 1,087,160 946,205
Equity Attributable to Parent Company 218,985 150,271 142,944 140,108 125,695
Total Equity 218,985 150,271 142,944 140,108 125,695
Profitability (%)
Net Income($000) 14,845 12,972 12,482 11,474 9,869
Net Income Attributable to Parent($000) 14,845 12,972 12,482 11,474 9,869
ROAA 1 0.99 0.96 0.94 0.88
Core ROAA 1.19 1 0.95 0.98 0.99
ROAE 7.90 8.74 8.60 8.43 8.04
ROATCE 11.49 11.75 11.73 11.68 11.06
Core ROAE 9.46 8.86 8.56 8.83 9.01
Net Interest Margin 3.63 3.58 3.51 3.64 3.66
Reported: Net Interest Margin 3.63 3.58 3.51 3.64 3.66
Efficiency Ratio 61.42 62.43 61.22 60.60 61.77
Noninterest Inc/ Operating Rev 18.77 19.82 19.52 19.67 20.04
Balance Sheet Ratios (%)
Loans/ Deposits 92.14 78.20 73.80 70.91 73.87
Securities/ Assets 17.22 24.50 28.16 31.78 28.34
Total Equity/ Total Assets 13.38 11.60 10.94 10.94 11.34
Tangible Equity/ Tangible Assets 9.87 9.25 8.54 8.43 8.72
Tang Common Equity/ Tang Assets 9.87 9.25 8.54 8.43 8.72
Asset Quality (%)
NPAs/ Assets 0.84 1.04 1.34 1.27 1.92
NPA Excl Restructured/ Assets 0.20 0.23 0.44 0.20 0.63
NPAs & 90+ PD/ Assets 0.85 1.04 1.34 1.32 1.93
NPAs/ Loans & REO 1.14 1.58 2.13 2.11 3.03
Nonaccrual & 90+ & OREO/ Assets 0.20 0.23 0.44 0.24 0.65
NPAs & 90+ PD/ Loans & REO 1.16 1.58 2.13 2.18 3.06
NPA & Loans 90+/ Tangible Common Equity + LLR 8.70 11.19 15.58 15.58 22.11
NCOs/ Avg Loans 0.03 0.05 0.06 0.18 0.21
Loan Loss Reserves/ Gross Loans 0.34 0.40 0.44 0.41 0.45
Reserves/ NPAs 29.51 25.33 20.48 19.21 14.70
Loan Loss Provision/ NCO 329.64 55.56 195.50 100.59 66.57
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 156,326 120,193 112,885 107,706 93,024
Tier 1 Capital($000) 156,326 120,193 112,885 107,706 93,024
Tier 2 Capital($000) 4,046 3,403 3,575 3,129 NA
Total Capital($000) 160,372 123,596 116,460 110,835 96,145
Total Risk-weighted Assets($000) 1,235,502 904,480 868,579 800,465 668,400
Tier 1 Common Capital (CET1) Ratio(%) 12.65 13.29 13 13.46 13.92
Tier 1 Ratio(%) 12.65 13.29 13 13.46 13.92
Total Capital Ratio(%) 12.98 13.66 13.41 13.85 14.38
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.96 9.51 8.81 8.62 8.53
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 13,295,276 10,023,059 9,998,025 9,925,547 9,311,318
Avg Diluted Shares(actual) 11,942,253 10,012,511 9,976,370 9,811,467 9,406,346
Basic Book Value per Share 16.47 14.99 14.30 14.12 13.50
Book Value per Share, As Reported 16.47 14.99 14.30 14.12 13.50
Basic Tangible Book Value per Share 11.67 11.64 10.86 10.58 10.08
Tangible Book Value per Share, As Reported 11.67 11.64 10.86 10.58 10.08
Common Dividends Declared per Share 0.65 0.64 0.64 0.64 0.64
EPS after Extra 1.24 1.29 1.25 1.17 1.05
EPS after Extra Growth(%) (3.90) 3.20 6.80 11.40 (4.50)
Core EPS 1.48 1.31 1.24 1.23 1.18
Core EPS Growth(%) 13.50 5.10 1.50 4.30 1.60
Diluted EPS before Amortization 1.32 1.36 1.33 1.24 1.11
Pre-Provision Earnings per Share 1.42 1.12 1.11 1.14 1.07
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