Financial Highlights
2019 FQ4
12/31/2019
2018 FQ4
12/31/2018
Y-Y Ch (%)
2019 FQ3
9/30/2019
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 1,320,069 1,318,040 0.15 1,355,383 (10.42)
Total Net Loans 1,053,468 1,033,681 1.91 1,054,634 (0.44)
Total Deposits 1,075,677 1,097,537 (1.99) 1,113,579 (13.61)
Equity Attributable to Parent Company 161,919 152,069 6.48 160,165 4.38
Total Equity 161,919 152,069 6.48 160,165 4.38
Profitability (%)
Net Income($000) 3,295 3,365 (2.08) 3,719 (45.60)
Net Income Attributable to Parent($000) 3,295 3,365 (2.08) 3,719 (45.60)
ROAA 0.98 1.02 (4) bp 1.10 (12) bp
Core ROAA 0.97 1.18 (21) bp 1.14 (17) bp
ROAE 8.16 9.02 (86) bp 9.33 (117) bp
ROATCE 10.02 11.39 (137) bp 11.45 (143) bp
Core ROAE 8.08 10.42 (234) bp 9.67 (159) bp
Net Interest Margin 4.45 4.71 (26) bp 4.44 1 bp
Reported: Net Interest Margin 4.39 4.64 (25) bp 4.41 (2) bp
Efficiency Ratio 69.80 64.75 505 bp 67.46 234 bp
Noninterest Inc/ Operating Rev 10.94 9.47 147 bp 12.35 (141) bp
Balance Sheet Ratios (%)
Loans/ Deposits 98.43 94.65 378 bp 95.18 325 bp
Securities/ Assets 8.55 9.23 (68) bp 8.26 29 bp
Total Equity/ Total Assets 12.27 11.54 73 bp 11.82 45 bp
Tangible Equity/ Tangible Assets 10.60 9.64 96 bp 10.17 43 bp
Tang Common Equity/ Tang Assets 10.60 9.64 96 bp 10.17 43 bp
Asset Quality (%)
NPAs/ Assets 1.03 0.99 4 bp 1.02 1 bp
NPA Excl Restructured/ Assets 0.56 0.62 (6) bp 0.55 1 bp
NPAs & 90+ PD/ Assets 1.03 0.99 4 bp 1.03 0 bp
NPAs/ Loans & REO 1.28 1.25 3 bp 1.31 (3) bp
Nonaccrual & 90+ & OREO/ Assets 0.56 0.62 (6) bp 0.55 1 bp
NPAs & 90+ PD/ Loans & REO 1.28 1.25 3 bp 1.31 (3) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 9.52 10.06 (54) bp 9.88 (36) bp
NCOs/ Avg Loans 0.01 0.12 (11) bp 0.02 (1) bp
Loan Loss Reserves/ Gross Loans 0.50 0.50 0 bp 0.50 0 bp
Reserves/ NPAs 39.11 39.84 (73) bp 38.21 90 bp
Loan Loss Provision/ NCO 100 99.01 99 bp 104.17 (417) bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 132,955 119,024 11.70 129,555 10.50
Tier 1 Capital($000) 132,955 119,024 11.70 129,555 10.50
Tier 2 Capital($000) 5,308 5,183 2.41 5,308 0
Total Capital($000) 138,263 124,207 11.32 134,863 10.08
Total Risk-weighted Assets($000) 1,046,066 996,017 5.02 1,045,642 0.16
Tier 1 Common Capital (CET1) Ratio(%) 12.71 11.95 76 bp 12.39 32 bp
Tier 1 Ratio(%) 12.71 11.95 76 bp 12.39 32 bp
Total Capital Ratio(%) 13.22 12.47 75 bp 12.90 32 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.09 9.24 85 bp 9.81 28 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 10,748,712 10,712,745 0.34 10,740,712 0.30
Avg Diluted Shares(actual) 10,757,585 10,712,745 0.42 10,752,178 0.20
Basic Book Value per Share 15.06 14.20 6.06 14.91 4.02
Book Value per Share, As Reported 15.06 14.20 6.06 14.91 4.02
Basic Tangible Book Value per Share 12.77 11.61 9.99 12.60 5.40
Tangible Book Value per Share, As Reported 12.77 11.61 9.99 12.60 5.40
Common Dividends Declared per Share 0.14 0.12 16.67 0.14 0
EPS after Extra 0.31 0.34 (8.82) 0.35 (45.71)
EPS after Extra Growth(%) (8.80) NM NM 20.70 (2,951) bp
Core EPS 0.31 0.39 (20.51) 0.36 (55.56)
Core EPS Growth(%) (21.80) NM NM 11.30 (3,310) bp
Diluted EPS before Amortization 0.33 0.36 (8.33) 0.37 (43.24)
Pre-Provision Earnings per Share 0.31 0.40 (22.50) 0.35 (45.71)

   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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