Financial Highlights
2019 FQ1
3/31/2019
2018 FQ1
3/31/2018
Y-Y Ch (%)
2018 FQ4
12/31/2018
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 1,538,311 1,452,908 5.88 1,481,682 15.29
Total Net Loans 1,142,807 1,073,379 6.47 1,134,975 2.76
Total Deposits 1,250,572 1,180,380 5.95 1,198,468 17.39
Equity Attributable to Parent Company 104,870 91,271 14.90 99,414 21.95
Total Equity 104,870 91,271 14.90 99,414 21.95
Profitability (%)
Net Income($000) 4,666 2,090 123.25 2,619 312.64
Net Income Attributable to Parent($000) 4,666 2,090 123.25 2,619 312.64
ROAA 1.21 0.59 62 bp 0.71 50 bp
Core ROAA 0.79 0.57 22 bp 0.62 17 bp
ROAE 18.15 9.19 896 bp 10.82 733 bp
ROATCE 18.15 9.19 896 bp 10.82 733 bp
Core ROAE 11.78 8.85 293 bp 9.41 237 bp
Net Interest Margin 3.21 3.26 (5) bp 3.37 (16) bp
Reported: Net Interest Margin 3.26 3.30 (4) bp 3.34 (8) bp
Efficiency Ratio 71.31 77.76 (645) bp 72.63 (132) bp
Noninterest Inc/ Operating Rev 15.24 17.08 (184) bp 17.47 (223) bp
Balance Sheet Ratios (%)
Loans/ Deposits 92.25 91.82 43 bp 95.63 (338) bp
Securities/ Assets 14.58 15.52 (94) bp 15.11 (53) bp
Total Equity/ Total Assets 6.82 6.28 54 bp 6.71 11 bp
Tangible Equity/ Tangible Assets 6.82 6.28 54 bp 6.71 11 bp
Tang Common Equity/ Tang Assets 6.82 6.28 54 bp 6.71 11 bp
Asset Quality (%)
NPAs/ Assets 1.43 1.43 0 bp 1.50 (7) bp
NPA Excl Restructured/ Assets 1.23 1.11 12 bp 1.29 (6) bp
NPAs & 90+ PD/ Assets 1.44 1.43 1 bp 1.51 (7) bp
NPAs/ Loans & REO 1.89 1.90 (1) bp 1.91 (2) bp
Nonaccrual & 90+ & OREO/ Assets 1.24 1.12 12 bp 1.30 (6) bp
NPAs & 90+ PD/ Loans & REO 1.90 1.90 0 bp 1.92 (2) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 19.02 20.37 (135) bp 20.11 (109) bp
NCOs/ Avg Loans (0.02) 0.08 (10) bp 0.06 (8) bp
Loan Loss Reserves/ Gross Loans 1.03 1.01 2 bp 1.02 1 bp
Reserves/ NPAs 53.69 52.67 102 bp 52.56 113 bp
Loan Loss Provision/ NCO NM 146.34 NM 262.43 NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 109,576 98,606 11.13 105,513 15.40
Tier 1 Capital($000) 144,533 130,070 11.12 139,532 14.34
Tier 2 Capital($000) 25,048 27,643 (9.39) 25,793 (11.55)
Total Capital($000) 169,581 157,713 7.53 165,325 10.30
Total Risk-weighted Assets($000) 1,266,859 1,225,858 3.34 1,244,724 7.11
Tier 1 Common Capital (CET1) Ratio(%) 8.65 8.04 61 bp 8.48 17 bp
Tier 1 Ratio(%) 11.41 10.61 80 bp 11.21 20 bp
Total Capital Ratio(%) 13.39 12.87 52 bp 13.28 11 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.38 9.17 21 bp 9.55 (17) bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 6,276,237 6,265,212 0.18 6,276,237 0
Avg Diluted Shares(actual) 6,276,237 6,276,043 0 6,276,237 0
Basic Book Value per Share 16.71 14.57 14.69 15.84 21.97
Book Value per Share, As Reported 16.71 14.56 14.77 15.86 21.44
Basic Tangible Book Value per Share 16.71 14.57 14.69 15.84 21.97
Tangible Book Value per Share, As Reported 16.71 14.56 14.77 15.86 21.44
Common Dividends Declared per Share 0.10 0.06 66.67 0.10 0
EPS after Extra 0.74 0.33 124.24 0.42 304.76
EPS after Extra Growth(%) 122.40 (1.10) 12,354 bp NM NM
Core EPS 0.48 0.32 50 0.37 118.92
Core EPS Growth(%) 49.80 (4.70) 5,457 bp 201.30 (15,144) bp
Diluted EPS before Amortization 0.74 0.33 124.24 0.42 304.76
Pre-Provision Earnings per Share 0.48 0.34 41.18 0.47 8.51

   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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