Financial Highlights
2019 FQ2
6/30/2019
2018 FQ2
6/30/2018
Y-Y Ch (%)
2019 FQ1
3/31/2019
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 1,330,723 1,274,095 4.44 1,316,996 4.17
Total Net Loans 1,055,397 998,236 5.73 1,040,274 5.82
Total Deposits 1,114,853 1,015,501 9.78 1,097,248 6.42
Equity Attributable to Parent Company 157,840 148,867 6.03 154,746 8
Total Equity 157,840 148,867 6.03 154,746 8
Profitability (%)
Net Income($000) 3,669 396 826.52 3,167 63.40
Net Income Attributable to Parent($000) 3,669 396 826.52 3,167 63.40
ROAA 1.11 0.14 97 bp 0.96 15 bp
Core ROAA 1.15 0.73 42 bp 1 15 bp
ROAE 9.38 1.58 780 bp 8.24 114 bp
ROATCE 11.56 2.20 936 bp 10.37 119 bp
Core ROAE 9.72 8.06 166 bp 8.59 113 bp
Net Interest Margin 4.77 4.27 50 bp 4.51 26 bp
Reported: Net Interest Margin 4.78 4.28 50 bp 4.57 21 bp
Efficiency Ratio 66.04 76.51 (1,047) bp 69.62 (358) bp
Noninterest Inc/ Operating Rev 7.35 7.39 (4) bp 7.78 (43) bp
Balance Sheet Ratios (%)
Loans/ Deposits 95.14 98.81 (367) bp 95.28 (14) bp
Securities/ Assets 8.66 9.38 (72) bp 8.99 (33) bp
Total Equity/ Total Assets 11.86 11.68 18 bp 11.75 11 bp
Tangible Equity/ Tangible Assets 10.18 9.92 26 bp 10.06 12 bp
Tang Common Equity/ Tang Assets 10.18 9.92 26 bp 10.06 12 bp
Asset Quality (%)
NPAs/ Assets 0.89 0.99 (10) bp 0.97 (8) bp
NPA Excl Restructured/ Assets 0.51 0.59 (8) bp 0.57 (6) bp
NPAs & 90+ PD/ Assets 0.89 0.99 (10) bp 0.97 (8) bp
NPAs/ Loans & REO 1.11 1.25 (14) bp 1.22 (11) bp
Nonaccrual & 90+ & OREO/ Assets 0.51 0.59 (8) bp 0.57 (6) bp
NPAs & 90+ PD/ Loans & REO 1.11 1.25 (14) bp 1.22 (11) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 8.55 9.72 (117) bp 9.47 (92) bp
NCOs/ Avg Loans 0.02 0.03 (1) bp 0.05 (3) bp
Loan Loss Reserves/ Gross Loans 0.50 0.51 (1) bp 0.49 1 bp
Reserves/ NPAs 44.88 40.95 393 bp 40.28 460 bp
Loan Loss Provision/ NCO 416.67 166.67 25,000 bp 77.52 33,915 bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 126,133 115,589 9.12 122,872 10.62
Tier 1 Capital($000) 126,133 115,589 9.12 122,872 10.62
Tier 2 Capital($000) 5,306 5,141 3.21 5,154 11.80
Total Capital($000) 131,439 120,730 8.87 128,026 10.66
Total Risk-weighted Assets($000) 1,033,877 974,147 6.13 1,007,148 10.62
Tier 1 Common Capital (CET1) Ratio(%) 12.20 11.87 33 bp 12.20 0 bp
Tier 1 Ratio(%) 12.20 11.87 33 bp 12.20 0 bp
Total Capital Ratio(%) 12.72 12.39 33 bp 12.70 2 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.74 9.39 35 bp 9.50 24 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 10,740,712 10,712,745 0.26 10,740,712 0
Avg Diluted Shares(actual) 10,752,070 7,809,018 37.69 10,723,921 1.05
Basic Book Value per Share 14.70 13.90 5.76 14.41 8.05
Book Value per Share, As Reported 14.70 13.90 5.76 14.41 8.05
Basic Tangible Book Value per Share 12.37 11.57 6.91 12.10 8.93
Tangible Book Value per Share, As Reported 12.40 11.57 7.17 12.10 9.92
Common Dividends Declared per Share 0.12 0.12 0 0.12 0
EPS after Extra 0.34 0.05 580 0.30 53.33
EPS after Extra Growth(%) 580 (81.50) 66,148 bp 25 55,500 bp
Core EPS 0.35 0.26 34.62 0.31 51.61
Core EPS Growth(%) 37.80 (7.60) 4,539 bp 12.20 2,567 bp
Diluted EPS before Amortization 0.36 0.06 500 0.32 50
Pre-Provision Earnings per Share 0.35 0.26 34.62 0.31 51.61

   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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