Financial Highlights


Financial Highlights
2019 FQ4
12/31/2019
2018 FQ4
12/31/2018
Y-Y Ch (%)
2019 FQ3
9/30/2019
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 2,635,545 2,676,003 (1.51) 2,614,315 3.25
Total Net Loans 1,914,084 1,881,005 1.76 1,885,752 6.01
Total Deposits 2,126,749 2,116,673 0.48 2,074,491 10.08
Equity Attributable to Parent Company 277,864 229,081 21.30 270,021 11.62
Total Equity 277,864 229,081 21.30 270,021 11.62
Profitability (%)
Net Income($000) 9,536 8,620 10.63 12,173 (86.65)
Net Income Attributable to Parent($000) 9,536 8,620 10.63 12,173 (86.65)
ROAA 1.46 1.31 15 bp 1.87 (41) bp
Core ROAA 1.37 1.35 2 bp 1.47 (10) bp
ROAE 13.86 15.49 (163) bp 18.34 (448) bp
ROATCE 15.19 17.51 (232) bp 20.15 (496) bp
Core ROAE 12.97 15.96 (299) bp 14.40 (143) bp
Net Interest Margin 3.89 4.11 (22) bp 4.17 (28) bp
Reported: Net Interest Margin 3.86 4.07 (21) bp 4.14 (28) bp
Efficiency Ratio 61.41 58.22 319 bp 58.65 276 bp
Noninterest Inc/ Operating Rev 26.44 21.08 536 bp 25.47 97 bp
Balance Sheet Ratios (%)
Loans/ Deposits 90.79 89.62 117 bp 91.58 (79) bp
Securities/ Assets 18.77 20.73 (196) bp 19.09 (32) bp
Total Equity/ Total Assets 10.54 8.56 198 bp 10.33 21 bp
Tangible Equity/ Tangible Assets 9.81 7.81 200 bp 9.59 22 bp
Tang Common Equity/ Tang Assets 9.81 7.81 200 bp 9.59 22 bp
Asset Quality (%)
NPAs/ Assets 0.81 0.93 (12) bp 0.76 5 bp
NPA Excl Restructured/ Assets 0.77 0.87 (10) bp 0.70 7 bp
NPAs & 90+ PD/ Assets 0.91 0.96 (5) bp 0.76 15 bp
NPAs/ Loans & REO 1.10 1.30 (20) bp 1.04 6 bp
Nonaccrual & 90+ & OREO/ Assets 0.87 0.90 (3) bp 0.70 17 bp
NPAs & 90+ PD/ Loans & REO 1.23 1.35 (12) bp 1.04 19 bp
NPA & Loans 90+/ Tangible Common Equity + LLR 8.65 11.40 (275) bp 7.41 124 bp
NCOs/ Avg Loans 0 0.18 (18) bp 0.06 (6) bp
Loan Loss Reserves/ Gross Loans 1.02 1 2 bp 1.03 (1) bp
Reserves/ NPAs 93.03 76.44 1,659 bp 98.94 (591) bp
Loan Loss Provision/ NCO NM 60.83 NM 202.95 NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 251,477 207,597 21.14 240,643 18.01
Tier 1 Capital($000) 308,102 263,125 17.09 297,268 14.58
Tier 2 Capital($000) 19,784 19,001 4.12 19,646 2.81
Total Capital($000) 327,886 282,126 16.22 316,914 13.85
Total Risk-weighted Assets($000) 2,256,462 2,234,629 0.98 2,210,293 8.36
Tier 1 Common Capital (CET1) Ratio(%) 11.14 9.29 185 bp 10.89 25 bp
Tier 1 Ratio(%) 13.65 11.78 187 bp 13.45 20 bp
Total Capital Ratio(%) 14.53 12.63 190 bp 14.34 19 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 11.93 10.08 185 bp 11.54 39 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 29,931,809 29,763,078 0.57 29,903,154 0.38
Avg Diluted Shares(actual) 30,491,667 30,343,296 0.49 30,438,333 0.70
Basic Book Value per Share 9.28 7.70 20.52 9.03 11.07
Book Value per Share, As Reported 9.28 7.70 20.52 NA NA
Basic Tangible Book Value per Share 8.57 6.96 23.13 8.31 12.52
Tangible Book Value per Share, As Reported NA NA NA NA NA
Common Dividends Declared per Share 0.01 0.01 0 0.01 0
EPS after Extra 0.31 0.28 10.71 0.40 (90)
EPS after Extra Growth(%) 10.70 NM NM 25 (1,429) bp
Core EPS 0.29 0.29 0 0.31 (25.81)
Core EPS Growth(%) 0.60 37.10 (3,658) bp (2.10) 270 bp
Diluted EPS before Amortization 0.31 0.29 6.90 0.41 (97.56)
Pre-Provision Earnings per Share 0.30 0.31 (3.23) 0.35 (57.14)

   Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4

  * Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.


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