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Financial Highlights

Financial Highlights
2014 FY
12/31/2014
2015 FY
12/31/2015
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FQ1 YTD
3/31/2018
Balance Sheet ($000)
Total Assets 3,089,521 3,381,024 3,710,340 4,105,210 4,152,432
Total Net Loans 1,885,120 2,058,107 2,310,277 2,703,063 2,759,193
Total Deposits 2,450,527 2,730,531 2,995,222 3,210,174 3,380,009
Equity Attributable to Parent Company 279,532 293,844 320,054 381,177 380,302
Total Equity 279,532 293,844 320,054 381,177 380,302
Profitability (%)
Net Income($000) 29,355 28,337 31,931 33,526 9,288
Net Income Attributable to Parent($000) 29,355 28,337 31,931 33,526 9,288
ROAA 0.98 0.87 0.90 0.86 0.91
Core ROAA 0.93 0.85 0.89 0.81 0.96
ROAE 10.80 9.78 10.01 9.62 9.75
ROATCE 14.32 13.69 13.80 13.20 12.67
Core ROAE 10.19 9.58 9.90 9.04 10.35
Net Interest Margin 3.50 3.28 3.24 3.21 3.16
Reported: Net Interest Margin 3.50 3.28 3.24 3.21 3.19
Efficiency Ratio 60.37 61.49 59.05 58.85 59.41
Noninterest Inc/ Operating Rev 19.15 22.36 23.68 22.85 22.12
Balance Sheet Ratios (%)
Loans/ Deposits 78.02 76.31 78.13 85.20 82.64
Securities/ Assets 30.29 31.06 29.78 26.04 24.92
Total Equity/ Total Assets 9.05 8.69 8.63 9.29 9.16
Tangible Equity/ Tangible Assets 6.98 6.85 6.72 7.60 7.50
Tang Common Equity/ Tang Assets 6.41 6.32 6.25 7.17 7.08
Asset Quality (%)
NPAs/ Assets 0.23 0.13 0.12 0.23 0.20
NPA Excl Restructured/ Assets 0.23 0.13 0.12 0.23 0.20
NPAs & 90+ PD/ Assets 0.23 0.13 0.12 0.23 0.20
NPAs/ Loans & REO 0.37 0.22 0.19 0.35 0.30
Nonaccrual & 90+ & OREO/ Assets 0.23 0.13 0.12 0.23 0.20
NPAs & 90+ PD/ Loans & REO 0.37 0.22 0.19 0.35 0.30
NPA & Loans 90+/ Tangible Common Equity + LLR 3.17 1.91 1.73 2.95 2.62
NCOs/ Avg Loans 0.37 0.40 0.26 0.38 0.29
Loan Loss Reserves/ Gross Loans 1.44 1.30 1.32 1.27 1.27
Reserves/ NPAs 393.69 597.90 692.66 362.98 418.56
Loan Loss Provision/ NCO 113.08 93.04 166.49 138.84 145.49
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 202,564 226,413 247,906 305,351 309,608
Tier 1 Capital($000) 219,904 243,452 265,246 322,680 326,937
Tier 2 Capital($000) NA 66,075 69,995 73,803 74,743
Total Capital($000) 246,166 309,527 335,241 396,483 401,680
Total Risk-weighted Assets($000) 2,099,626 2,318,536 2,584,161 3,005,655 3,069,651
Tier 1 Common Capital (CET1) Ratio(%) 9.65 9.77 9.59 10.16 10.09
Tier 1 Ratio(%) 10.47 10.50 10.26 10.74 10.65
Total Capital Ratio(%) 11.72 13.35 12.97 13.19 13.09
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 7.35 7.41 7.36 8.13 8.11
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 14,118,048 14,190,192 14,537,597 15,924,938 15,901,415
Avg Diluted Shares(actual) 13,946,000 14,135,000 14,491,000 15,085,000 15,941,000
Basic Book Value per Share 18.57 19.49 20.82 22.85 22.83
As-reported Book Value per Share 18.57 19.49 20.82 22.85 22.83
Basic Tangible Book Value per Share 13.71 14.77 15.62 18.16 18.15
Reported: Tangible Book Value 13.71 14.77 15.62 18.16 18.15
Common Dividends Declared per Share 0.77 0.80 0.81 0.85 0.24
EPS after Extra 2 1.90 2.10 2.13 0.56
EPS after Extra Growth(%) 14.30 (5) 10.50 1.40 7.70
Core EPS 1.88 1.86 2.08 2 0.60
Core EPS Growth(%) 12.70 (1.20) 11.60 (3.80) 13.40
Diluted EPS before Amortization 2.04 2.02 2.19 2.31 0.58
Pre-Provision Earnings per Share 1.93 1.90 2.23 2.30 0.72
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