Financial Highlights

Financial Highlights
2020 FY
12/31/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Balance Sheet ($000)
Total Assets 5,886,614 5,246,829 4,246,688 3,964,303 3,141,156
Total Net Loans 3,823,894 3,623,262 2,996,550 2,821,880 2,129,236
Total Deposits 4,531,133 3,931,002 3,139,376 2,881,003 2,471,210
Equity Attributable to Parent Company 692,216 656,023 491,992 457,078 340,855
Total Equity 692,216 656,023 491,992 457,078 340,855
COVID-19 Financial Disclosure
Paycheck Protection Program Loan($000) NA NA NA NA NA
PPP Loan Ratio(%) NA NA NA NA NA
COVID-19 Loan Modification($000) NA NA NA NA NA
COVID-19 Loan Modification Ratio(%) NA NA NA NA NA
Processing Fees on PPP Loans($000) NA NA NA NA NA
Profitability (%)
Net Income($000) 68,499 66,538 53,117 33,117 23,912
Net Income Attributable to Parent($000) 68,499 66,538 53,117 33,117 23,912
ROAA 1.22 1.35 1.31 0.97 0.81
Core ROAA 1.26 1.49 1.36 1.13 0.94
ROAE 10.29 10.98 11.22 8.74 7.90
ROATCE 14.61 16 15.99 12.09 10.65
Core ROAE 10.66 12.12 11.69 10.18 9.24
Net Interest Margin 3.34 3.60 3.64 3.81 3.34
Reported: Net Interest Margin 3.44 3.69 3.71 3.75 3.29
Efficiency Ratio 54.74 55.47 59.04 59.82 64.06
Noninterest Inc/ Operating Rev 24.30 20.88 20.40 22.51 28.26
Balance Sheet Ratios (%)
Loans/ Deposits 85.35 92.52 95.99 98.41 86.43
Securities/ Assets 22.56 20.34 19.54 18.41 21.11
Total Equity/ Total Assets 11.76 12.50 11.59 11.53 10.85
Tangible Equity/ Tangible Assets 9.07 9.43 8.79 8.48 8.33
Tang Common Equity/ Tang Assets 9.07 9.43 8.79 8.48 8.33
Asset Quality (%)
NPAs/ Assets 0.48 0.47 0.39 0.43 0.43
NPA Excl Restructured/ Assets 0.45 0.41 0.35 0.38 0.39
NPAs & 90+ PD/ Assets 0.49 0.47 0.41 0.44 0.44
NPAs/ Loans & REO 0.73 0.68 0.55 0.60 0.64
Nonaccrual & 90+ & OREO/ Assets 0.46 0.41 0.36 0.39 0.39
NPAs & 90+ PD/ Loans & REO 0.74 0.68 0.57 0.61 0.65
NPA & Loans 90+/ Tangible Common Equity + LLR 4.99 5.02 4.54 5.06 5.16
NCOs/ Avg Loans 0.05 0.06 0.05 0.04 0.08
Loan Loss Reserves/ Gross Loans 1.47 0.49 0.59 0.58 0.69
Reserves/ NPAs 200.43 71.34 106.82 95.96 108.63
Loan Loss Provision/ NCO NA 92.81 196.35 270.54 119.69
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 491,281 473,150 371,297 329,892 263,313
Tier 1 Capital($000) 607,340 530,643 409,760 368,355 301,739
Tier 2 Capital($000) 41,464 17,721 17,856 16,445 14,837
Total Capital($000) 648,804 548,364 427,616 384,800 316,576
Total Risk-weighted Assets($000) 4,350,141 3,929,928 3,192,747 2,981,795 2,283,035
Tier 1 Common Capital (CET1) Ratio(%) 11.29 12.04 11.63 11.06 11.50
Tier 1 Ratio(%) 13.96 13.50 12.83 12.35 13.22
Total Capital Ratio(%) 14.91 13.95 13.39 12.91 13.87
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.68 10.50 10.12 9.92 10.44
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 43,880,562 44,975,771 38,375,407 38,294,729 33,257,394
Avg Diluted Shares(actual) 44,123,076 43,597,595 38,395,231 34,760,438 30,123,614
Basic Book Value per Share 15.78 14.59 12.82 11.94 10.25
Book Value per Share, As Reported 15.78 14.59 12.82 11.93 10.25
Basic Tangible Book Value per Share 11.81 10.63 9.43 8.48 7.65
Tangible Book Value per Share, As Reported 11.81 10.63 9.43 8.48 7.65
Common Dividends Declared per Share 0.48 0.46 0.40 0.33 0.27
EPS after Extra 1.55 1.53 1.38 0.95 0.79
EPS after Extra Growth(%) 1.30 10.90 44.80 20.70 (6)
Core EPS 1.60 1.69 1.44 1.11 0.92
Core EPS Growth(%) (4.90) 17.40 29.50 20.10 (6.50)
Diluted EPS before Amortization 1.64 1.61 1.43 1 0.83
Pre-Provision Earnings per Share 1.76 1.58 1.38 1 0.85
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