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 1,755,343 1,707,620 1,657,179 1,619,964 1,524,539
Total Net Loans 1,293,464 1,291,205 1,186,449 1,155,449 1,108,553
Total Deposits 1,569,237 1,467,446 1,456,343 1,400,295 1,280,014
Equity Attributable to Parent Company 165,029 149,813 143,748 137,242 133,628
Total Equity 165,029 149,813 143,748 137,242 133,628
Profitability (%)
Net Income($000) 19,626 7,430 10,027 9,433 8,157
Net Income Attributable to Parent($000) 19,626 7,430 10,027 9,433 8,157
ROAA 1.14 0.43 0.60 0.60 0.54
Core ROAA 1.06 0.63 0.65 0.63 0.49
ROAE 12.76 4.91 7.02 6.84 5.74
ROATCE 15.51 6.30 9.07 9.12 7.87
Core ROAE 11.82 7.17 7.56 7.20 5.20
Net Interest Margin 3.72 3.56 3.37 3.46 3.59
Reported: Net Interest Margin 3.72 3.56 3.37 3.46 3.59
Efficiency Ratio 67.92 67.58 74.21 75.12 77.75
Noninterest Inc/ Operating Rev 25.75 26.31 27.79 28.30 28.70
Balance Sheet Ratios (%)
Loans/ Deposits 83.60 89.40 82.42 83.46 87.62
Securities/ Assets 14.37 17.92 18.88 21.91 19.18
Total Equity/ Total Assets 9.40 8.77 8.67 8.47 8.77
Tangible Equity/ Tangible Assets 8.19 7.48 7.29 6.99 7.13
Tang Common Equity/ Tang Assets 8.19 7.48 7.29 6.99 7.13
Asset Quality (%)
NPAs/ Assets NA 1.23 1.10 1.32 1.28
NPA Excl Restructured/ Assets 0.73 1.13 0.75 0.85 0.71
NPAs & 90+ PD/ Assets NA 1.23 1.10 1.32 1.38
NPAs/ Loans & REO NA 1.60 1.52 1.82 1.74
Nonaccrual & 90+ & OREO/ Assets NA 1.13 0.75 0.85 0.81
NPAs & 90+ PD/ Loans & REO NA 1.60 1.52 1.83 1.87
NPA & Loans 90+/ Tangible Common Equity + LLR NA 14.29 13.72 17.01 17.44
NCOs/ Avg Loans 0.41 0.17 0.20 0.09 0.29
Loan Loss Reserves/ Gross Loans 1.44 1.61 1.19 1.22 1.22
Reserves/ NPAs NA 100.81 78.01 66.73 70.01
Loan Loss Provision/ NCO 58.73 426.77 99.71 157.57 129.63
Capital Adequacy
Tier 1 Common Capital (CET1)($000) NA 136,660 130,911 124,787 115,483
Tier 1 Capital($000) NA 136,660 130,911 124,787 115,483
Tier 2 Capital($000) NA 16,360 14,358 14,263 NA
Total Capital($000) NA 153,020 145,269 139,050 129,211
Total Risk-weighted Assets($000) NA 1,294,091 1,196,857 1,133,827 1,090,483
Tier 1 Common Capital (CET1) Ratio(%) 11.89 10.56 10.94 11.01 10.59
Tier 1 Ratio(%) 11.89 10.56 10.94 11.01 10.59
Total Capital Ratio(%) 13.14 11.82 12.14 12.26 11.84
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 8.79 8.02 7.81 7.83 7.78
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 4,855,000 4,750,982 4,712,233 4,668,355 4,629,128
Avg Diluted Shares(actual) 4,832,000 4,800,000 4,762,000 4,719,278 4,683,067
Basic Book Value per Share 33.99 31.53 30.51 29.40 28.87
Book Value per Share, As Reported 33.99 31.10 30.07 28.96 28.44
Basic Tangible Book Value per Share 29.22 26.50 25.25 23.88 23.06
Tangible Book Value per Share, As Reported 29.22 26.14 24.89 23.53 22.71
Common Dividends Declared per Share 1.04 1.04 1.04 1.04 1.04
EPS after Extra 4.06 1.55 2.11 2 1.74
EPS after Extra Growth(%) 161.90 (26.50) 5.50 14.90 (7)
Core EPS 3.76 2.26 2.27 2.11 1.57
Core EPS Growth(%) 66.20 (0.50) 8 33.70 (26)
Diluted EPS before Amortization 4.21 1.73 2.32 2.24 2.02
Pre-Provision Earnings per Share 4.05 3.20 2.34 2.11 1.85
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