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 1,449,338 1,451,664 (0.16) 1,470,914 (5.87)
Total Net Loans 1,139,340 1,104,407 3.16 1,145,060 (2)
Total Deposits 1,137,407 1,182,734 (3.83) 1,186,109 (16.42)
Equity Attributable to Parent Company 112,814 94,872 18.91 109,380 12.56
Total Equity 112,814 94,872 18.91 109,380 12.56
Profitability (%)
Net Income($000) 3,860 3,098 24.60 3,520 38.64
Net Income Attributable to Parent($000) 3,860 3,098 24.60 3,520 38.64
ROAA 1.08 0.85 23 bp 0.95 13 bp
Core ROAA 1.06 0.84 22 bp 0.95 11 bp
ROAE 13.83 13.13 70 bp 13.16 67 bp
ROATCE 13.83 13.13 70 bp 13.16 67 bp
Core ROAE 13.64 12.96 68 bp 13.16 48 bp
Net Interest Margin 3.67 3.34 33 bp 3.49 18 bp
Reported: Net Interest Margin 3.64 3.31 33 bp 3.50 14 bp
Efficiency Ratio 64.17 71.36 (719) bp 67.07 (290) bp
Noninterest Inc/ Operating Rev 16.39 17.29 (90) bp 14.86 153 bp
Balance Sheet Ratios (%)
Loans/ Deposits 101.04 94.33 671 bp 97.53 351 bp
Securities/ Assets 12.94 15.81 (287) bp 14.86 (192) bp
Total Equity/ Total Assets 7.78 6.54 124 bp 7.44 34 bp
Tangible Equity/ Tangible Assets 7.78 6.54 124 bp 7.44 34 bp
Tang Common Equity/ Tang Assets 7.78 6.54 124 bp 7.44 34 bp
Asset Quality (%)
NPAs/ Assets 1.39 1.56 (17) bp 1.47 (8) bp
NPA Excl Restructured/ Assets 1.20 1.34 (14) bp 1.27 (7) bp
NPAs & 90+ PD/ Assets 1.40 1.58 (18) bp 1.48 (8) bp
NPAs/ Loans & REO 1.72 2.01 (29) bp 1.85 (13) bp
Nonaccrual & 90+ & OREO/ Assets 1.22 1.35 (13) bp 1.29 (7) bp
NPAs & 90+ PD/ Loans & REO 1.74 2.03 (29) bp 1.86 (12) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 16.22 21.57 (535) bp 17.99 (177) bp
NCOs/ Avg Loans 0.05 0.04 1 bp 0.07 (2) bp
Loan Loss Reserves/ Gross Loans 1.06 1.02 4 bp 1.03 3 bp
Reserves/ NPAs 60.67 50.08 1,059 bp 55.01 566 bp
Loan Loss Provision/ NCO 290.32 240.38 4,994 bp 117.92 17,240 bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 115,478 103,498 11.58 112,371 11.06
Tier 1 Capital($000) 153,083 136,124 12.46 148,831 11.43
Tier 2 Capital($000) 22,733 26,865 (15.38) 23,583 (14.42)
Total Capital($000) 175,816 162,989 7.87 172,414 7.89
Total Risk-weighted Assets($000) 1,214,986 1,203,942 0.92 1,254,595 (12.63)
Tier 1 Common Capital (CET1) Ratio(%) 9.50 8.60 90 bp 8.96 54 bp
Tier 1 Ratio(%) 12.60 11.31 129 bp 11.86 74 bp
Total Capital Ratio(%) 14.47 13.54 93 bp 13.74 73 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.69 9.35 134 bp 10.03 66 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 6,276,236 6,276,237 0 6,276,237 0
Avg Diluted Shares(actual) 6,276,236 6,270,817 0.09 6,276,236 0
Basic Book Value per Share 17.97 15.12 18.85 17.43 12.39
Book Value per Share, As Reported 17.97 15.14 18.69 17.43 12.39
Basic Tangible Book Value per Share 17.97 15.12 18.85 17.43 12.39
Tangible Book Value per Share, As Reported 17.97 15.14 18.69 17.43 12.39
Common Dividends Declared per Share 0.12 0.10 20 0.12 0
EPS after Extra 0.62 0.49 26.53 0.56 42.86
EPS after Extra Growth(%) 26.40 76.80 (5,037) bp 21.30 510 bp
Core EPS 0.61 0.48 27.08 0.56 35.71
Core EPS Growth(%) 26.20 74.60 (4,835) bp 25 123 bp
Diluted EPS before Amortization 0.62 0.49 26.53 0.56 42.86
Pre-Provision Earnings per Share 0.66 0.47 40.43 0.58 55.17

   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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