Financial Highlights
2018 FQ2
6/30/2018
2017 FQ2
6/30/2017
Y-Y Ch (%)
2018 FQ1
3/31/2018
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 1,448,650 1,383,550 4.71 1,452,908 (1.17)
Total Net Loans 1,082,983 1,024,475 5.71 1,073,379 3.58
Total Deposits 1,183,386 1,082,687 9.30 1,180,380 1.02
Equity Attributable to Parent Company 93,133 95,147 (2.12) 91,271 8.16
Total Equity 93,133 95,147 (2.12) 91,271 8.16
Profitability (%)
Net Income($000) 2,907 1,919 51.49 2,090 156.36
Net Income Attributable to Parent($000) 2,907 1,919 51.49 2,090 156.36
ROAA 0.80 0.57 23 bp 0.59 21 bp
Core ROAA 0.77 0.57 20 bp 0.57 20 bp
ROAE 12.60 8.08 452 bp 9.19 341 bp
ROATCE 12.60 8.08 452 bp 9.19 341 bp
Core ROAE 12.23 8.08 415 bp 8.85 338 bp
Net Interest Margin 3.24 3.49 (25) bp 3.25 (1) bp
Reported: Net Interest Margin 3.25 3.50 (25) bp 3.29 (4) bp
Efficiency Ratio 72.66 72.42 24 bp 77.93 (527) bp
Noninterest Inc/ Operating Rev 17.74 16.25 149 bp 17 74 bp
Balance Sheet Ratios (%)
Loans/ Deposits 92.41 95.46 (305) bp 91.82 59 bp
Securities/ Assets 16.35 16.42 (7) bp 15.52 83 bp
Total Equity/ Total Assets 6.43 6.88 (45) bp 6.28 15 bp
Tangible Equity/ Tangible Assets 6.43 6.88 (45) bp 6.28 15 bp
Tang Common Equity/ Tang Assets 6.43 6.88 (45) bp 6.28 15 bp
Asset Quality (%)
NPAs/ Assets 1.62 1.67 (5) bp 1.61 1 bp
NPA Excl Restructured/ Assets 1.35 1.29 6 bp 1.29 6 bp
NPAs & 90+ PD/ Assets 1.62 1.69 (7) bp 1.61 1 bp
NPAs/ Loans & REO 2.12 2.20 (8) bp 2.13 (1) bp
Nonaccrual & 90+ & OREO/ Assets 1.35 1.31 4 bp 1.29 6 bp
NPAs & 90+ PD/ Loans & REO 2.12 2.23 (11) bp 2.13 (1) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 22.55 22.11 44 bp 22.86 (31) bp
NCOs/ Avg Loans 0.07 0.02 5 bp 0.08 (1) bp
Loan Loss Reserves/ Gross Loans 1.02 1.02 0 bp 1.01 1 bp
Reserves/ NPAs 47.74 45.70 204 bp 46.92 82 bp
Loan Loss Provision/ NCO 243.24 NM NM 146.34 9,690 bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 100,867 98,021 2.90 98,606 9.17
Tier 1 Capital($000) 132,937 130,349 1.99 130,070 8.82
Tier 2 Capital($000) 27,302 26,377 3.51 27,643 (4.93)
Total Capital($000) 160,239 156,726 2.24 157,713 6.41
Total Risk-weighted Assets($000) 1,194,663 1,163,348 2.69 1,225,858 (10.18)
Tier 1 Common Capital (CET1) Ratio(%) 8.44 8.43 1 bp 8.04 40 bp
Tier 1 Ratio(%) 11.13 11.20 (7) bp 10.61 52 bp
Total Capital Ratio(%) 13.41 13.47 (6) bp 12.87 54 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.09 9.77 (68) bp 9.17 (8) bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 6,020,915 6,069,823 (0.81) 6,024,243 (0.22)
Avg Diluted Shares(actual) 6,027,921 6,075,221 (0.78) 6,034,968 (0.47)
Basic Book Value per Share 15.47 15.68 (1.34) 15.15 8.45
As-reported Book Value per Share 15.46 15.67 (1.34) 15.14 8.45
Basic Tangible Book Value per Share 15.47 15.68 (1.34) 15.15 8.45
Reported: Tangible Book Value 15.46 15.67 (1.34) 15.14 8.45
Common Dividends Declared per Share 0.10 0.06 66.67 0.07 171.43
EPS after Extra 0.48 0.32 50 0.35 148.57
EPS after Extra Growth(%) 51.30 37.50 1,377 bp 1.20 5,008 bp
Core EPS 0.47 0.32 46.87 0.33 169.70
Core EPS Growth(%) 46.80 38.70 817 bp (2.50) 4,939 bp
Diluted EPS before Amortization 0.48 0.32 50 0.35 148.57
Pre-Provision Earnings per Share 0.45 0.35 28.57 0.35 114.29

   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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