Financial Highlights
2018 FQ3
9/30/2018
2017 FQ3
9/30/2017
Y-Y Ch (%)
2018 FQ2
6/30/2018
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 1,451,664 1,386,532 4.70 1,448,650 0.83
Total Net Loans 1,104,407 1,034,047 6.80 1,082,983 7.91
Total Deposits 1,182,734 1,107,960 6.75 1,183,386 (0.22)
Equity Attributable to Parent Company 94,872 96,072 (1.25) 93,133 7.47
Total Equity 94,872 96,072 (1.25) 93,133 7.47
Profitability (%)
Net Income($000) 3,098 1,766 75.42 2,907 26.28
Net Income Attributable to Parent($000) 3,098 1,766 75.42 2,907 26.28
ROAA 0.85 0.52 33 bp 0.80 5 bp
Core ROAA 0.84 0.52 32 bp 0.77 7 bp
ROAE 13.13 7.33 580 bp 12.60 53 bp
ROATCE 13.13 7.33 580 bp 12.60 53 bp
Core ROAE 12.96 7.33 563 bp 12.23 73 bp
Net Interest Margin 3.33 3.38 (5) bp 3.24 9 bp
Reported: Net Interest Margin 3.30 3.35 (5) bp 3.25 5 bp
Efficiency Ratio 71.46 74.07 (261) bp 72.66 (120) bp
Noninterest Inc/ Operating Rev 17.05 16.86 19 bp 17.74 (69) bp
Balance Sheet Ratios (%)
Loans/ Deposits 94.33 94.24 9 bp 92.41 192 bp
Securities/ Assets 15.81 16.04 (23) bp 16.35 (54) bp
Total Equity/ Total Assets 6.54 6.93 (39) bp 6.43 11 bp
Tangible Equity/ Tangible Assets 6.54 6.93 (39) bp 6.43 11 bp
Tang Common Equity/ Tang Assets 6.54 6.93 (39) bp 6.43 11 bp
Asset Quality (%)
NPAs/ Assets 1.56 1.74 (18) bp 1.62 (6) bp
NPA Excl Restructured/ Assets 1.34 1.40 (6) bp 1.35 (1) bp
NPAs & 90+ PD/ Assets 1.58 1.75 (17) bp 1.62 (4) bp
NPAs/ Loans & REO 2.01 2.27 (26) bp 2.12 (11) bp
Nonaccrual & 90+ & OREO/ Assets 1.35 1.41 (6) bp 1.35 0 bp
NPAs & 90+ PD/ Loans & REO 2.03 2.29 (26) bp 2.12 (9) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 21.57 22.64 (107) bp 22.55 (98) bp
NCOs/ Avg Loans 0.04 0.04 0 bp 0.07 (3) bp
Loan Loss Reserves/ Gross Loans 1.02 1.05 (3) bp 1.02 0 bp
Reserves/ NPAs 50.08 45.71 437 bp 47.74 234 bp
Loan Loss Provision/ NCO 240.38 555 (31,462) bp 243.24 (286) bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 103,498 98,847 4.71 100,867 10.43
Tier 1 Capital($000) 136,124 131,479 3.53 132,937 9.59
Tier 2 Capital($000) 26,865 26,528 1.27 27,302 (6.40)
Total Capital($000) 162,989 158,007 3.15 160,239 6.86
Total Risk-weighted Assets($000) 1,203,942 1,177,507 2.24 1,194,663 3.11
Tier 1 Common Capital (CET1) Ratio(%) 8.60 8.39 21 bp 8.44 16 bp
Tier 1 Ratio(%) 11.31 11.17 14 bp 11.13 18 bp
Total Capital Ratio(%) 13.54 13.42 12 bp 13.41 13 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.35 9.62 (27) bp 9.09 26 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 6,034,843 6,042,860 (0.13) 6,020,915 0.93
Avg Diluted Shares(actual) 6,029,632 6,063,183 (0.55) 6,027,921 0.11
Basic Book Value per Share 15.72 15.90 (1.13) 15.47 6.46
Book Value per Share, As Reported 15.75 15.84 (0.57) 15.46 7.50
Basic Tangible Book Value per Share 15.72 15.90 (1.13) 15.47 6.46
Tangible Book Value per Share, As Reported 15.75 15.84 (0.57) 15.46 7.50
Common Dividends Declared per Share 0.10 0.07 42.86 0.10 0
EPS after Extra 0.51 0.29 75.86 0.48 25
EPS after Extra Growth(%) 76.80 (5.50) 8,225 bp 51.30 2,553 bp
Core EPS 0.50 0.29 72.41 0.47 25.53
Core EPS Growth(%) 74.60 (1.70) 7,627 bp 46.80 2,772 bp
Diluted EPS before Amortization 0.51 0.29 75.86 0.48 25
Pre-Provision Earnings per Share 0.49 0.34 44.12 0.45 35.56

   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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