Financial Highlights
2019 FQ4
12/31/2019
2018 FQ4
12/31/2018
Y-Y Ch (%)
2019 FQ3
9/30/2019
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 1,492,962 1,481,682 0.76 1,449,338 12.04
Total Net Loans 1,156,748 1,134,975 1.92 1,139,340 6.11
Total Deposits 1,186,521 1,198,468 (1) 1,137,407 17.27
Equity Attributable to Parent Company 115,038 99,414 15.72 112,814 7.89
Total Equity 115,038 99,414 15.72 112,814 7.89
Profitability (%)
Net Income($000) 4,068 2,619 55.33 3,860 21.55
Net Income Attributable to Parent($000) 4,068 2,619 55.33 3,860 21.55
ROAA 1.11 0.71 40 bp 1.08 3 bp
Core ROAA 1.11 0.62 49 bp 1.06 5 bp
ROAE 14.28 10.82 346 bp 13.83 45 bp
ROATCE 14.28 10.82 346 bp 13.83 45 bp
Core ROAE 14.29 9.41 488 bp 13.64 65 bp
Net Interest Margin 3.67 3.38 29 bp 3.67 0 bp
Reported: Net Interest Margin 3.63 NA NA 3.64 (1) bp
Efficiency Ratio 63.71 72.35 (864) bp 64.17 (46) bp
Noninterest Inc/ Operating Rev 15.45 17.17 (172) bp 16.39 (94) bp
Balance Sheet Ratios (%)
Loans/ Deposits 98.51 95.63 288 bp 101.04 (253) bp
Securities/ Assets 12.12 15.11 (299) bp 12.94 (82) bp
Total Equity/ Total Assets 7.71 6.71 100 bp 7.78 (7) bp
Tangible Equity/ Tangible Assets 7.71 6.71 100 bp 7.78 (7) bp
Tang Common Equity/ Tang Assets 7.71 6.71 100 bp 7.78 (7) bp
Asset Quality (%)
NPAs/ Assets 1.34 1.50 (16) bp 1.39 (5) bp
NPA Excl Restructured/ Assets 1.17 1.29 (12) bp 1.20 (3) bp
NPAs & 90+ PD/ Assets 1.37 1.51 (14) bp 1.40 (3) bp
NPAs/ Loans & REO 1.70 1.91 (21) bp 1.72 (2) bp
Nonaccrual & 90+ & OREO/ Assets 1.20 1.30 (10) bp 1.22 (2) bp
NPAs & 90+ PD/ Loans & REO 1.72 1.92 (20) bp 1.74 (2) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 15.99 20.11 (412) bp 16.22 (23) bp
NCOs/ Avg Loans 0 0.06 (6) bp 0.05 (5) bp
Loan Loss Reserves/ Gross Loans 1.07 1.02 5 bp 1.06 1 bp
Reserves/ NPAs 62.17 52.56 961 bp 60.67 150 bp
Loan Loss Provision/ NCO NM 262.43 NM 290.32 NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 118,793 105,513 12.59 115,478 11.48
Tier 1 Capital($000) 157,139 139,532 12.62 153,083 10.60
Tier 2 Capital($000) 22,291 25,793 (13.58) 22,733 (7.78)
Total Capital($000) 179,430 165,325 8.53 175,816 8.22
Total Risk-weighted Assets($000) 1,204,867 1,244,724 (3.20) 1,214,986 (3.33)
Tier 1 Common Capital (CET1) Ratio(%) 9.86 8.48 138 bp 9.50 36 bp
Tier 1 Ratio(%) 13.04 11.21 183 bp 12.60 44 bp
Total Capital Ratio(%) 14.89 13.28 161 bp 14.47 42 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.73 9.55 118 bp 10.69 4 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 6,276,236 6,276,237 0 6,276,236 0
Avg Diluted Shares(actual) 6,258,462 6,276,237 (0.28) 6,276,236 (1.13)
Basic Book Value per Share 18.33 15.84 15.72 17.97 8.01
Book Value per Share, As Reported 18.33 15.86 15.57 17.97 8.01
Basic Tangible Book Value per Share 18.33 15.84 15.72 17.97 8.01
Tangible Book Value per Share, As Reported 18.33 15.86 15.57 17.97 8.01
Common Dividends Declared per Share 0.12 0.10 20 0.12 0
EPS after Extra 0.65 0.42 54.76 0.62 19.35
EPS after Extra Growth(%) 53.60 NM NM 26.40 2,721 bp
Core EPS 0.65 0.37 75.68 0.61 26.23
Core EPS Growth(%) 76.80 201.30 (12,451) bp 26.20 5,054 bp
Diluted EPS before Amortization 0.65 0.42 54.76 0.62 19.35
Pre-Provision Earnings per Share 0.67 0.47 42.55 0.66 6.06

   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.


Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.