Financial Highlights
2018 FQ1
3/31/2018
2017 FQ1
3/31/2017
Y-Y Ch (%)
2017 FQ4
12/31/2017
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 1,452,908 1,319,663 10.10 1,429,216 6.63
Total Net Loans 1,073,379 999,920 7.35 1,057,580 5.98
Total Deposits 1,180,380 1,043,004 13.17 1,125,812 19.39
Equity Attributable to Parent Company 91,271 93,077 (1.94) 91,371 (0.44)
Total Equity 91,271 93,077 (1.94) 91,371 (0.44)
Profitability (%)
Net Income($000) 2,090 2,100 (0.48) (2,372) NM
Net Income Attributable to Parent($000) 2,090 2,100 (0.48) (2,372) NM
ROAA 0.59 0.64 (5) bp (0.68) 127 bp
Core ROAA 0.57 0.64 (7) bp 0.22 35 bp
ROAE 9.19 9.10 9 bp (9.81) 1,900 bp
ROATCE 9.19 9.10 9 bp (9.81) 1,900 bp
Core ROAE 8.85 9.10 (25) bp 3.16 569 bp
Net Interest Margin 3.25 3.44 (19) bp 3.36 (11) bp
Reported: Net Interest Margin 3.29 3.48 (19) bp 3.33 (4) bp
Efficiency Ratio 77.93 71.54 639 bp 74.81 312 bp
Noninterest Inc/ Operating Rev 17 18.67 (167) bp 17.23 (23) bp
Balance Sheet Ratios (%)
Loans/ Deposits 91.82 96.77 (495) bp 94.87 (305) bp
Securities/ Assets 15.52 17.13 (161) bp 16.62 (110) bp
Total Equity/ Total Assets 6.28 7.05 (77) bp 6.39 (11) bp
Tangible Equity/ Tangible Assets 6.28 7.05 (77) bp 6.39 (11) bp
Tang Common Equity/ Tang Assets 6.28 7.05 (77) bp 6.39 (11) bp
Asset Quality (%)
NPAs/ Assets 1.61 1.74 (13) bp 1.65 (4) bp
NPA Excl Restructured/ Assets 1.29 1.30 (1) bp 1.32 (3) bp
NPAs & 90+ PD/ Assets 1.61 1.74 (13) bp 1.67 (6) bp
NPAs/ Loans & REO 2.13 2.24 (11) bp 2.18 (5) bp
Nonaccrual & 90+ & OREO/ Assets 1.29 1.30 (1) bp 1.34 (5) bp
NPAs & 90+ PD/ Loans & REO 2.13 2.24 (11) bp 2.21 (8) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 22.86 22.24 62 bp 23.35 (49) bp
NCOs/ Avg Loans 0.08 (0.01) 9 bp 0.26 (18) bp
Loan Loss Reserves/ Gross Loans 1.01 1.02 (1) bp 1.02 (1) bp
Reserves/ NPAs 46.92 44.72 220 bp 46.10 82 bp
Loan Loss Provision/ NCO 146.34 NM NM 78.17 6,817 bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 98,606 96,558 2.12 97,033 6.48
Tier 1 Capital($000) 130,070 128,201 1.46 129,369 2.17
Tier 2 Capital($000) 27,643 26,779 3.23 26,676 14.50
Total Capital($000) 157,713 154,980 1.76 156,045 4.28
Total Risk-weighted Assets($000) 1,225,858 1,139,574 7.57 1,207,212 6.18
Tier 1 Common Capital (CET1) Ratio(%) 8.04 8.47 (43) bp 8.04 0 bp
Tier 1 Ratio(%) 10.61 11.25 (64) bp 10.72 (11) bp
Total Capital Ratio(%) 12.87 13.60 (73) bp 12.93 (6) bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.17 9.74 (57) bp 9.33 (16) bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 6,024,243 6,073,408 (0.81) 6,029,929 (0.38)
Avg Diluted Shares(actual) 6,034,968 6,078,557 (0.72) 6,039,480 (0.30)
Basic Book Value per Share 15.15 15.33 (1.17) 15.15 0
As-reported Book Value per Share 15.13 15.33 (1.30) 15.08 1.33
Basic Tangible Book Value per Share 15.15 15.33 (1.17) 15.15 0
Reported: Tangible Book Value 15.13 15.33 (1.30) 15.08 1.33
Common Dividends Declared per Share 0.07 0.06 16.67 0.07 0
EPS after Extra 0.35 0.34 2.94 (0.39) NM
EPS after Extra Growth(%) 1.20 5.70 (452) bp NM NM
Core EPS 0.33 0.34 (2.94) 0.13 615.38
Core EPS Growth(%) (2.50) 24.90 (2,745) bp (60.80) 5,822 bp
Diluted EPS before Amortization 0.35 0.34 2.94 (0.39) NM
Pre-Provision Earnings per Share 0.35 0.38 (7.89) 0.34 11.76

   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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