Financial Highlights
2019 FQ3
9/30/2019
2018 FQ3
9/30/2018
Y-Y Ch (%)
2019 FQ2
6/30/2019
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 1,355,383 1,254,335 8.06 1,330,723 7.41
Total Net Loans 1,054,634 988,622 6.68 1,055,397 (0.29)
Total Deposits 1,113,579 1,028,058 8.32 1,114,853 (0.46)
Equity Attributable to Parent Company 160,165 149,367 7.23 157,840 5.89
Total Equity 160,165 149,367 7.23 157,840 5.89
Profitability (%)
Net Income($000) 3,719 3,069 21.18 3,669 5.45
Net Income Attributable to Parent($000) 3,719 3,069 21.18 3,669 5.45
ROAA 1.10 0.96 14 bp 1.11 (1) bp
Core ROAA 1.14 1.07 7 bp 1.15 (1) bp
ROAE 9.33 8.23 110 bp 9.38 (5) bp
ROATCE 11.45 10.20 125 bp 11.56 (11) bp
Core ROAE 9.67 9.24 43 bp 9.72 (5) bp
Net Interest Margin 4.44 4.65 (21) bp 4.77 (33) bp
Reported: Net Interest Margin 4.41 4.62 (21) bp 4.78 (37) bp
Efficiency Ratio 67.46 69.16 (170) bp 66.04 142 bp
Noninterest Inc/ Operating Rev 12.35 9.23 312 bp 7.35 500 bp
Balance Sheet Ratios (%)
Loans/ Deposits 95.18 96.49 (131) bp 95.14 4 bp
Securities/ Assets 8.26 9.34 (108) bp 8.66 (40) bp
Total Equity/ Total Assets 11.82 11.91 (9) bp 11.86 (4) bp
Tangible Equity/ Tangible Assets 10.17 10.13 4 bp 10.18 (1) bp
Tang Common Equity/ Tang Assets 10.17 10.13 4 bp 10.18 (1) bp
Asset Quality (%)
NPAs/ Assets 1.02 NA NA 0.89 13 bp
NPA Excl Restructured/ Assets 0.55 0.53 2 bp 0.51 4 bp
NPAs & 90+ PD/ Assets 1.03 NA NA 0.89 14 bp
NPAs/ Loans & REO 1.31 NA NA 1.11 20 bp
Nonaccrual & 90+ & OREO/ Assets 0.55 0.53 2 bp 0.51 4 bp
NPAs & 90+ PD/ Loans & REO 1.31 NA NA 1.11 20 bp
NPA & Loans 90+/ Tangible Common Equity + LLR 9.88 NA NA 8.55 133 bp
NCOs/ Avg Loans 0.02 0 2 bp 0.02 0 bp
Loan Loss Reserves/ Gross Loans 0.50 0.52 (2) bp 0.50 0 bp
Reserves/ NPAs 38.21 NA NA 44.88 (667) bp
Loan Loss Provision/ NCO 104.17 NM NM 416.67 (31,250) bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 129,555 119,347 8.55 126,133 10.85
Tier 1 Capital($000) 129,555 119,347 8.55 126,133 10.85
Tier 2 Capital($000) 5,308 5,186 2.35 5,306 0.15
Total Capital($000) 134,863 124,533 8.29 131,439 10.42
Total Risk-weighted Assets($000) 1,045,642 945,697 10.57 1,033,877 4.55
Tier 1 Common Capital (CET1) Ratio(%) 12.39 12.62 (23) bp 12.20 19 bp
Tier 1 Ratio(%) 12.39 12.62 (23) bp 12.20 19 bp
Total Capital Ratio(%) 12.90 13.17 (27) bp 12.72 18 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.81 9.51 30 bp 9.74 7 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 10,740,712 10,712,745 0.26 10,740,712 0
Avg Diluted Shares(actual) 10,752,178 10,734,465 0.17 10,752,070 0
Basic Book Value per Share 14.91 13.94 6.96 14.70 5.71
Book Value per Share, As Reported 14.91 13.94 6.96 14.70 5.71
Basic Tangible Book Value per Share 12.60 11.63 8.34 12.37 7.44
Tangible Book Value per Share, As Reported 12.60 11.63 8.34 12.40 6.45
Common Dividends Declared per Share 0.14 0.12 16.67 0.12 66.67
EPS after Extra 0.35 0.29 20.69 0.34 11.76
EPS after Extra Growth(%) 20.70 (12.10) 3,281 bp 580 (55,931) bp
Core EPS 0.36 0.33 9.09 0.35 11.43
Core EPS Growth(%) 11.30 (2) 1,331 bp 37.80 (2,654) bp
Diluted EPS before Amortization 0.37 0.30 23.33 0.36 11.11
Pre-Provision Earnings per Share 0.35 0.32 9.37 0.35 0

   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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