Financial Highlights
2018 FQ4
12/31/2018
2017 FQ4
12/31/2017
Y-Y Ch (%)
2018 FQ3
9/30/2018
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 1,481,682 1,429,216 3.67 1,451,664 8.27
Total Net Loans 1,134,975 1,057,580 7.32 1,104,407 11.07
Total Deposits 1,198,468 1,125,812 6.45 1,182,734 5.32
Equity Attributable to Parent Company 99,414 91,371 8.80 94,872 19.15
Total Equity 99,414 91,371 8.80 94,872 19.15
Profitability (%)
Net Income($000) 2,619 (2,372) NM 3,098 (61.85)
Net Income Attributable to Parent($000) 2,619 (2,372) NM 3,098 (61.85)
ROAA 0.71 (0.68) 139 bp 0.85 (14) bp
Core ROAA 0.62 0.22 40 bp 0.84 (22) bp
ROAE 10.82 (9.81) 2,063 bp 13.13 (231) bp
ROATCE 10.82 (9.81) 2,063 bp 13.13 (231) bp
Core ROAE 9.41 3.16 625 bp 12.96 (355) bp
Net Interest Margin 3.37 3.36 1 bp 3.33 4 bp
Reported: Net Interest Margin 3.34 3.33 1 bp 3.30 4 bp
Efficiency Ratio 72.63 74.81 (218) bp 71.46 117 bp
Noninterest Inc/ Operating Rev 17.47 17.23 24 bp 17.05 42 bp
Balance Sheet Ratios (%)
Loans/ Deposits 95.63 94.87 76 bp 94.33 130 bp
Securities/ Assets 15.11 16.62 (151) bp 15.81 (70) bp
Total Equity/ Total Assets 6.71 6.39 32 bp 6.54 17 bp
Tangible Equity/ Tangible Assets 6.71 6.39 32 bp 6.54 17 bp
Tang Common Equity/ Tang Assets 6.71 6.39 32 bp 6.54 17 bp
Asset Quality (%)
NPAs/ Assets 1.50 1.65 (15) bp 1.56 (6) bp
NPA Excl Restructured/ Assets 1.29 1.32 (3) bp 1.34 (5) bp
NPAs & 90+ PD/ Assets 1.51 1.67 (16) bp 1.58 (7) bp
NPAs/ Loans & REO 1.91 2.18 (27) bp 2.01 (10) bp
Nonaccrual & 90+ & OREO/ Assets 1.30 1.34 (4) bp 1.35 (5) bp
NPAs & 90+ PD/ Loans & REO 1.92 2.21 (29) bp 2.03 (11) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 20.11 23.35 (324) bp 21.57 (146) bp
NCOs/ Avg Loans 0.06 0.26 (20) bp 0.04 2 bp
Loan Loss Reserves/ Gross Loans 1.02 1.02 0 bp 1.02 0 bp
Reserves/ NPAs 52.56 46.10 646 bp 50.08 248 bp
Loan Loss Provision/ NCO 262.43 78.17 18,426 bp 240.38 2,205 bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 105,513 97,033 8.74 103,498 7.79
Tier 1 Capital($000) 139,532 129,369 7.86 136,124 10.01
Tier 2 Capital($000) 25,793 26,676 (3.31) 26,865 (15.96)
Total Capital($000) 165,325 156,045 5.95 162,989 5.73
Total Risk-weighted Assets($000) 1,244,724 1,207,212 3.11 1,203,942 13.55
Tier 1 Common Capital (CET1) Ratio(%) 8.48 8.04 44 bp 8.60 (12) bp
Tier 1 Ratio(%) 11.21 10.72 49 bp 11.31 (10) bp
Total Capital Ratio(%) 13.28 12.93 35 bp 13.54 (26) bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.55 9.33 22 bp 9.35 20 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 6,034,843 6,029,929 0.08 6,034,843 0
Avg Diluted Shares(actual) 6,034,843 6,039,480 (0.08) 6,029,632 0.35
Basic Book Value per Share 16.47 15.15 8.71 15.72 19.08
Book Value per Share, As Reported 16.49 15.08 9.35 15.75 18.79
Basic Tangible Book Value per Share 16.47 15.15 8.71 15.72 19.08
Tangible Book Value per Share, As Reported 16.49 15.08 9.35 15.75 18.79
Common Dividends Declared per Share 0.10 0.07 42.86 0.10 0
EPS after Extra 0.44 (0.39) NM 0.51 (54.90)
EPS after Extra Growth(%) NM NM NM 76.80 NM
Core EPS 0.38 0.13 192.31 0.50 (96)
Core EPS Growth(%) 201.30 (60.80) 26,203 bp 74.60 12,670 bp
Diluted EPS before Amortization 0.44 (0.39) NM 0.51 (54.90)
Pre-Provision Earnings per Share 0.49 0.34 44.12 0.49 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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