Financial Highlights Report

Financial Highlights
2015 FY
12/31/2015
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FY
12/31/2018
2019 FQ1 YTD
3/31/2019
Balance Sheet ($000)
Total Assets 3,849,063 4,389,685 4,576,858 4,733,796 4,789,945
Total Net Loans 3,268,318 3,737,761 3,908,949 3,893,629 3,909,373
Total Deposits 3,179,511 3,630,594 3,867,200 3,981,578 3,982,533
Total Equity 301,459 362,647 401,632 446,241 459,014
Profitability (%)
Net Income($000) 39,135 38,766 39,796 43,823 6,113
ROAA 1.16 0.92 0.89 0.92 0.52
ROAE 13.85 11.61 10.51 10.43 5.41
Reported: Net Interest Margin 3.24 3.32 3.26 3.38 3.56
Efficiency Ratio 70.98 72.48 77.49 76.50 83.70
Noninterest Inc/ Operating Rev 55.38 52.06 49.64 47.67 38.57
Balance Sheet Ratios (%)
Loans/ Deposits 91.11 90.96 92.60 92.56 92.32
Securities/ Assets 5.15 4 3.33 5.97 6.63
Total Equity/ Total Assets 7.83 8.26 8.78 9.43 9.58
Tangible Equity/ Tangible Assets 7.63 7.98 8.53 9.04 9.22
Tang Common Equity/ Tang Assets 7.63 7.98 8.53 9.04 9.22
Asset Quality (%)
NPAs/ Assets 1.55 1.19 1.11 1.02 0.96
NPA Excl Restructured/ Assets 1.15 0.92 0.78 0.68 0.67
NPAs & 90+ PD/ Assets 1.57 1.29 1.24 1.16 1.10
NPAs/ Loans & REO 1.82 1.38 1.28 1.23 1.17
Nonaccrual & 90+ & OREO/ Assets 1.17 1.03 0.92 0.82 0.80
NPAs & 90+ PD/ Loans & REO 1.83 1.51 1.44 1.40 1.33
NPA & Loans 90+/ Tangible Common Equity + LLR 18.90 14.98 13.56 12.05 11.17
NCOs/ Avg Loans 0.11 0.12 0.11 0.10 0.10
Loan Loss Reserves/ Gross Loans 0.80 0.79 0.76 0.79 0.79
Reserves/ NPAs 44.28 57.27 58.72 64.44 67.53
Loan Loss Provision/ NCO 141.87 197.53 102.30 133.29 100.43
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 283,788 328,193 349,133 388,975 402,938
Tier 1 Capital($000) 328,751 371,841 393,818 433,975 447,938
Total Capital($000) 429,468 476,081 498,166 539,789 553,777
Total Risk-weighted Assets($000) 3,462,659 3,932,945 3,936,290 4,076,908 4,110,324
Tier 1 Common Capital (CET1) Ratio(%) 8.21 8.35 8.86 9.54 9.80
Tier 1 Ratio(%) 9.50 9.46 10 10.64 10.90
Total Capital Ratio(%) 12.40 12.11 12.65 13.24 13.47
Leverage Ratio(%) 8.84 8.58 8.85 9.18 9.60
Per Share Information ($)
Common Shares Outstanding(actual) 23,140,774 26,318,400 27,019,201 27,279,729 27,629,860
Avg Diluted Shares(actual) 23,863,000 25,814,000 26,722,000 27,259,000 27,693,000
Book Value per Share, As Reported 13.03 13.78 14.86 16.36 16.61
Tangible Book Value per Share, As Reported 12.66 13.26 14.41 15.95 16.22
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.