Financial Highlights
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FY
12/31/2018
2019 FY
12/31/2019
2020 FQ1 YTD
3/31/2020
Balance Sheet ($000)
Total Assets 265,991 301,062 349,902 370,174 374,105
Total Net Loans 197,289 221,582 262,238 287,839 273,022
Total Deposits 238,137 263,561 308,017 306,793 310,752
Equity Attributable to Parent Company 26,079 31,416 35,453 41,659 46,750
Total Equity 26,079 31,416 35,453 41,659 46,750
Profitability (%)
Net Income($000) 1,880 2,061 3,398 4,068 1,111
Net Income Attributable to Parent($000) 1,880 2,061 3,398 4,068 1,111
ROAA 0.71 0.73 1.04 1.13 1.19
Core ROAA 0.69 0.86 1.01 1.13 NA
ROAE 7.49 7.29 10.26 10.74 10.05
ROATCE 7.53 7.66 11.46 11.82 10.91
Core ROAE 7.29 8.64 9.97 10.73 NA
Net Interest Margin 3.97 4.22 4.18 4.55 4.43
Reported: Net Interest Margin 3.97 4.22 4.18 4.55 4.43
Efficiency Ratio 73.73 73.91 75.45 71.97 68.23
Noninterest Inc/ Operating Rev 16.22 23.50 34.81 32.15 34.96
Balance Sheet Ratios (%)
Loans/ Deposits 83.71 84.15 85.37 94.03 86.81
Securities/ Assets 13.54 10.41 8.20 8.38 NA
Total Equity/ Total Assets 9.80 10.44 10.13 11.25 12.50
Tangible Equity/ Tangible Assets 9.75 9.39 9.23 10.41 11.67
Tang Common Equity/ Tang Assets 9.75 9.39 9.23 10.41 11.67
Asset Quality (%)
NPAs/ Assets 2.02 1.69 1.55 1.62 NA
NPA Excl Restructured/ Assets 1.23 1.04 1.01 1.12 NA
NPAs & 90+ PD/ Assets 2.02 1.69 1.55 1.79 NA
NPAs/ Loans & REO 2.64 2.24 2.02 2.03 NA
Nonaccrual & 90+ & OREO/ Assets 1.23 1.04 1.01 1.30 NA
NPAs & 90+ PD/ Loans & REO 2.64 2.24 2.02 2.25 NA
NPA & Loans 90+/ Tangible Common Equity + LLR 18.98 16.76 15.58 16.07 NA
NCOs/ Avg Loans (0.01) 0 0 0 0
Loan Loss Reserves/ Gross Loans 1.17 1.07 1.06 1.07 1.22
Reserves/ NPAs 43.65 47.20 51.89 52.15 NA
Loan Loss Provision/ NCO NM NM NM NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 25,961 28,102 32,065 37,967 NA
Tier 1 Capital($000) 25,961 28,102 32,065 37,967 NA
Tier 2 Capital($000) 2,392 2,481 2,888 3,189 NA
Total Capital($000) 28,353 30,583 34,953 41,156 NA
Total Risk-weighted Assets($000) 212,319 254,826 298,053 325,276 NA
Tier 1 Common Capital (CET1) Ratio(%) 12.23 11.03 10.76 11.67 NA
Tier 1 Ratio(%) 12.23 11.03 10.76 11.67 NA
Total Capital Ratio(%) 13.35 12 11.73 12.65 NA
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.72 9.37 9.28 10.35 NA
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 2,638,253 3,027,825 3,101,137 3,241,075 3,500,065
Avg Diluted Shares(actual) 2,656,020 2,795,432 3,005,488 3,121,275 3,383,633
Basic Book Value per Share 9.88 10.38 11.43 12.85 13.36
Book Value per Share, As Reported 9.89 10.38 NA NA NA
Basic Tangible Book Value per Share 9.83 9.23 10.31 11.78 12.36
Common Dividends Declared per Share 0 0 0 0 0
EPS after Extra 0.71 0.76 1.14 1.36 0.33
EPS after Extra Growth(%) 34.30 7.70 49.60 19.30 23.70
Core EPS 0.69 0.90 1.11 1.36 NA
Core EPS Growth(%) 33.80 31 22.70 22.70 NA
Diluted EPS before Amortization 0.71 0.76 1.14 1.36 0.33
Pre-Provision Earnings per Share 0.75 0.90 1.25 1.53 0.41
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