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Financial Highlights

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 3,381,024 3,710,340 4,105,210 4,311,698 4,302,541
Total Net Loans 2,058,107 2,310,277 2,703,063 3,055,552 3,077,921
Total Deposits 2,730,531 2,995,222 3,210,174 3,366,907 3,508,837
Equity Attributable to Parent Company 293,844 320,054 381,177 396,293 408,253
Total Equity 293,844 320,054 381,177 396,293 408,253
Profitability (%)
Net Income($000) 28,337 31,931 33,526 39,526 11,521
Net Income Attributable to Parent($000) 28,337 31,931 33,526 39,526 11,521
ROAA 0.87 0.90 0.86 0.95 1.08
Core ROAA 0.85 0.89 0.81 1.01 1.09
ROAE 9.78 10.01 9.62 10.18 11.49
ROATCE 13.69 13.80 13.20 13.91 14.84
Core ROAE 9.58 9.90 9.04 10.90 11.61
Net Interest Margin 3.28 3.24 3.21 3.18 3.21
Reported: Net Interest Margin 3.28 3.24 3.21 3.18 3.24
Efficiency Ratio 61.49 59.05 58.85 60.31 60.55
Noninterest Inc/ Operating Rev 22.36 23.68 22.85 22.37 21.95
Balance Sheet Ratios (%)
Loans/ Deposits 76.31 78.13 85.20 91.67 88.61
Securities/ Assets 31.06 29.78 26.04 21.31 20.63
Total Equity/ Total Assets 8.69 8.63 9.29 9.19 9.49
Tangible Equity/ Tangible Assets 6.85 6.72 7.60 7.56 7.86
Tang Common Equity/ Tang Assets 6.32 6.25 7.17 7.15 7.45
Asset Quality (%)
NPAs/ Assets 0.13 0.12 0.23 0.15 0.12
NPA Excl Restructured/ Assets 0.13 0.12 0.23 0.15 0.12
NPAs & 90+ PD/ Assets 0.13 0.12 0.23 0.15 0.12
NPAs/ Loans & REO 0.22 0.19 0.35 0.21 0.17
Nonaccrual & 90+ & OREO/ Assets 0.13 0.12 0.23 0.15 0.12
NPAs & 90+ PD/ Loans & REO 0.22 0.19 0.35 0.21 0.17
NPA & Loans 90+/ Tangible Common Equity + LLR 1.91 1.73 2.95 1.93 1.49
NCOs/ Avg Loans 0.40 0.26 0.38 0.33 0.23
Loan Loss Reserves/ Gross Loans 1.30 1.32 1.27 1.10 1.07
Reserves/ NPAs 597.90 692.66 362.98 522.80 642.02
Loan Loss Provision/ NCO 93.04 166.49 138.84 92.18 67.02
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 226,413 247,906 305,351 326,955 336,513
Tier 1 Capital($000) 243,452 265,246 322,680 344,283 353,841
Tier 2 Capital($000) 66,075 69,995 73,803 73,116 72,547
Total Capital($000) 309,527 335,241 396,483 417,399 426,388
Total Risk-weighted Assets($000) 2,318,536 2,584,161 3,005,655 3,371,541 3,411,153
Tier 1 Common Capital (CET1) Ratio(%) 9.77 9.59 10.16 9.70 9.87
Tier 1 Ratio(%) 10.50 10.26 10.74 10.21 10.37
Total Capital Ratio(%) 13.35 12.97 13.19 12.38 12.50
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 7.41 7.36 8.13 8.16 8.36
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 14,190,192 14,537,597 15,924,938 15,928,598 15,940,810
Avg Diluted Shares(actual) 14,135,000 14,491,000 15,085,000 15,956,000 15,978,000
Basic Book Value per Share 19.49 20.82 22.85 23.79 24.52
Book Value per Share, As Reported 19.49 20.82 22.85 23.79 24.52
Basic Tangible Book Value per Share 14.77 15.62 18.16 19.01 19.77
Tangible Book Value per Share, As Reported 14.77 15.62 18.16 19.01 19.77
Common Dividends Declared per Share 0.80 0.81 0.85 0.96 0.25
EPS after Extra 1.90 2.10 2.13 2.39 0.70
EPS after Extra Growth(%) (5) 10.50 1.40 12.20 25
Core EPS 1.86 2.08 2 2.57 0.71
Core EPS Growth(%) (1.20) 11.60 (3.80) 28.50 18.70
Diluted EPS before Amortization 2.02 2.19 2.31 2.62 0.72
Pre-Provision Earnings per Share 1.90 2.23 2.30 2.80 0.75
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