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Financial Highlights

Financial Highlights
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FY
12/31/2018
2019 FY
12/31/2019
2020 FQ2 YTD
6/30/2020
Balance Sheet ($000)
Total Assets 3,710,340 4,105,210 4,311,698 4,384,178 4,680,930
Total Net Loans 2,310,277 2,703,063 3,055,552 3,194,729 3,446,159
Total Deposits 2,995,222 3,210,174 3,366,907 3,555,675 3,994,008
Equity Attributable to Parent Company 320,054 381,177 396,293 438,947 448,045
Total Equity 320,054 381,177 396,293 438,947 448,045
Profitability (%)
Net Income($000) 31,931 33,526 39,526 48,862 12,259
Net Income Attributable to Parent($000) 31,931 33,526 39,526 48,862 12,259
ROAA 0.90 0.86 0.95 1.14 0.54
Core ROAA 0.89 0.81 1.01 1.14 0.54
ROAE 10.01 9.62 10.18 11.61 5.53
ROATCE 13.80 13.20 13.91 14.75 6.82
Core ROAE 9.90 9.04 10.90 11.56 5.46
Net Interest Margin 3.24 3.21 3.18 3.28 3.26
Reported: Net Interest Margin 3.24 3.21 3.18 3.28 3.27
Efficiency Ratio 59.05 58.85 60.31 59.79 62.03
Noninterest Inc/ Operating Rev 23.68 22.85 22.37 23.03 22.02
Balance Sheet Ratios (%)
Loans/ Deposits 78.13 85.20 91.67 90.59 87.28
Securities/ Assets 29.78 26.04 21.31 18.19 16.93
Total Equity/ Total Assets 8.63 9.29 9.19 10.01 9.57
Tangible Equity/ Tangible Assets 6.72 7.60 7.56 8.45 8.11
Tang Common Equity/ Tang Assets 6.25 7.17 7.15 8.05 7.74
Asset Quality (%)
NPAs/ Assets 0.12 0.23 0.15 0.19 NA
NPA Excl Restructured/ Assets 0.12 0.23 0.15 0.19 NA
NPAs & 90+ PD/ Assets 0.12 0.23 0.15 0.19 NA
NPAs/ Loans & REO 0.19 0.35 0.21 0.25 NA
Nonaccrual & 90+ & OREO/ Assets 0.12 0.23 0.15 0.19 NA
NPAs & 90+ PD/ Loans & REO 0.19 0.35 0.21 0.25 NA
NPA & Loans 90+/ Tangible Common Equity + LLR 1.73 2.95 1.93 2.16 NA
NCOs/ Avg Loans 0.26 0.38 0.33 0.36 0.66
Loan Loss Reserves/ Gross Loans 1.32 1.27 1.10 0.95 1.33
Reserves/ NPAs 692.66 362.98 522.72 374.10 NA
Loan Loss Provision/ NCO 166.49 138.84 92.18 70.09 161.60
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 247,906 305,351 326,955 364,145 370,222
Tier 1 Capital($000) 265,246 322,680 344,283 381,473 387,550
Tier 2 Capital($000) 69,995 73,803 73,116 69,755 74,839
Total Capital($000) 335,241 396,483 417,399 451,228 462,389
Total Risk-weighted Assets($000) 2,584,161 3,005,655 3,371,541 3,533,281 3,603,256
Tier 1 Common Capital (CET1) Ratio(%) 9.59 10.16 9.70 10.31 10.27
Tier 1 Ratio(%) 10.26 10.74 10.21 10.80 10.76
Total Capital Ratio(%) 12.97 13.19 12.38 12.77 12.83
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 7.36 8.13 8.16 9 8.49
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 14,537,597 15,924,938 15,928,598 16,002,899 16,037,585
Avg Diluted Shares(actual) 14,491,000 15,085,000 15,956,000 16,031,000 16,058,000
Basic Book Value per Share 20.82 22.85 23.79 26.35 26.86
Book Value per Share, As Reported 20.82 22.85 23.79 26.35 26.86
Basic Tangible Book Value per Share 15.62 18.16 19.01 21.66 22.22
Tangible Book Value per Share, As Reported 15.62 18.16 19.01 21.66 22.22
Common Dividends Declared per Share 0.81 0.85 0.96 1 0.52
EPS after Extra 2.10 2.13 2.39 2.96 0.72
EPS after Extra Growth(%) 10.50 1.40 12.20 23.80 (48.20)
Core EPS 2.08 2 2.57 2.95 0.71
Core EPS Growth(%) 11.60 (3.80) 28.50 14.90 (49.20)
Diluted EPS before Amortization 2.19 2.31 2.62 3.04 0.76
Pre-Provision Earnings per Share 2.23 2.30 2.80 3.16 1.53
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