Financial Highlights
2020 FQ1
3/31/2020
2019 FQ1
3/31/2019
Y-Y Ch (%)
2019 FQ4
12/31/2019
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 1,356,381 1,316,996 2.99 1,320,069 11
Total Net Loans 1,038,885 1,040,274 (0.13) 1,053,468 (5.54)
Total Deposits 1,095,381 1,097,248 (0.17) 1,075,677 7.33
Equity Attributable to Parent Company 160,060 154,746 3.43 161,919 (4.59)
Total Equity 160,060 154,746 3.43 161,919 (4.59)
Profitability (%)
Net Income($000) 3,051 3,167 (3.66) 3,295 (29.62)
Net Income Attributable to Parent($000) 3,051 3,167 (3.66) 3,295 (29.62)
ROAA 0.92 0.96 (4) bp 0.98 (6) bp
Core ROAA 0.96 1 (4) bp 0.97 (1) bp
ROAE 7.50 8.24 (74) bp 8.16 (66) bp
ROATCE 9.22 10.37 (115) bp 10.02 (80) bp
Core ROAE 7.83 8.59 (76) bp 8.08 (25) bp
Net Interest Margin 4.60 4.51 9 bp 4.45 15 bp
Reported: Net Interest Margin 4.63 4.57 6 bp 4.39 24 bp
Efficiency Ratio 72.64 69.62 302 bp 69.80 284 bp
Noninterest Inc/ Operating Rev 12.63 7.78 485 bp 10.94 169 bp
Balance Sheet Ratios (%)
Loans/ Deposits 95.33 95.28 5 bp 98.43 (310) bp
Securities/ Assets 8.82 8.99 (17) bp 8.55 27 bp
Total Equity/ Total Assets 11.80 11.75 5 bp 12.27 (47) bp
Tangible Equity/ Tangible Assets 10.18 10.06 12 bp 10.60 (42) bp
Tang Common Equity/ Tang Assets 10.18 10.06 12 bp 10.60 (42) bp
Asset Quality (%)
NPAs/ Assets 1.10 0.97 13 bp 1.03 7 bp
NPA Excl Restructured/ Assets 0.64 0.57 7 bp 0.56 8 bp
NPAs & 90+ PD/ Assets 1.10 0.97 13 bp 1.03 7 bp
NPAs/ Loans & REO 1.42 1.22 20 bp 1.28 14 bp
Nonaccrual & 90+ & OREO/ Assets 0.64 0.57 7 bp 0.56 8 bp
NPAs & 90+ PD/ Loans & REO 1.42 1.22 20 bp 1.28 14 bp
NPA & Loans 90+/ Tangible Common Equity + LLR 10.57 9.47 110 bp 9.52 105 bp
NCOs/ Avg Loans 0.04 0.05 (1) bp 0.01 3 bp
Loan Loss Reserves/ Gross Loans 0.51 0.49 2 bp 0.50 1 bp
Reserves/ NPAs 35.53 40.28 (475) bp 39.11 (358) bp
Loan Loss Provision/ NCO 86.21 77.52 869 bp 100 (1,379) bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 132,717 122,872 8.01 132,955 (0.72)
Tier 1 Capital($000) 132,717 122,872 8.01 132,955 (0.72)
Tier 2 Capital($000) 5,292 5,154 2.68 5,308 (1.21)
Total Capital($000) 138,009 128,026 7.80 138,263 (0.73)
Total Risk-weighted Assets($000) 1,029,612 1,007,148 2.23 1,046,066 (6.29)
Tier 1 Common Capital (CET1) Ratio(%) 12.89 12.20 69 bp 12.71 18 bp
Tier 1 Ratio(%) 12.89 12.20 69 bp 12.71 18 bp
Total Capital Ratio(%) 13.41 12.70 71 bp 13.22 19 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.20 9.54 66 bp 10.09 11 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 10,533,589 10,740,712 (1.93) 10,748,712 (8.01)
Avg Diluted Shares(actual) 10,814,791 10,723,921 0.85 10,757,585 2.13
Basic Book Value per Share 15.20 14.41 5.48 15.06 3.72
Book Value per Share, As Reported 15.20 14.41 5.48 15.06 3.72
Basic Tangible Book Value per Share 12.87 12.10 6.36 12.77 3.13
Tangible Book Value per Share, As Reported 12.87 12.10 6.36 12.77 3.13
Common Dividends Declared per Share 0.14 0.12 16.67 0.14 0
EPS after Extra 0.28 0.30 (6.67) 0.31 (38.71)
EPS after Extra Growth(%) (6.70) 25 (3,167) bp (8.80) 215 bp
Core EPS 0.29 0.31 (6.45) 0.31 (25.81)
Core EPS Growth(%) (6.60) 12.20 (1,871) bp (21.80) 1,526 bp
Diluted EPS before Amortization 0.30 0.32 (6.25) 0.33 (36.36)
Pre-Provision Earnings per Share 0.29 0.31 (6.45) 0.31 (25.81)

   Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4

  * Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.


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