Financial Highlights
2015 FY
12/31/2015
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FY
12/31/2018
2019 FQ3 YTD
9/30/2019
Balance Sheet ($000)
Total Assets 250,374 265,991 301,062 349,902 363,872
Total Net Loans 160,777 197,289 221,582 262,238 272,511
Total Deposits 224,475 238,137 263,561 308,017 314,460
Equity Attributable to Parent Company 24,027 26,079 31,416 35,453 38,801
Total Equity 24,027 26,079 31,416 35,453 38,801
Profitability (%)
Net Income($000) 1,405 1,880 2,061 3,398 2,719
Net Income Attributable to Parent($000) 1,405 1,880 2,061 3,398 2,719
ROAA 0.62 0.71 0.73 1.04 1.02
Core ROAA 0.60 0.69 0.86 1.01 1.02
ROAE 6.03 7.49 7.29 10.26 9.77
ROATCE 6.07 7.53 7.66 11.46 10.78
Core ROAE 5.90 7.29 8.64 9.97 9.78
Net Interest Margin 4.05 3.97 4.22 4.18 NA
Reported: Net Interest Margin 4.05 3.97 4.22 4.18 NA
Efficiency Ratio 80.17 73.73 73.91 74.99 74.64
Noninterest Inc/ Operating Rev 20.12 16.22 23.50 35.21 32.14
Balance Sheet Ratios (%)
Loans/ Deposits 71.43 83.71 84.15 85.37 86.38
Securities/ Assets 19.08 13.54 10.41 8.20 NA
Total Equity/ Total Assets 9.60 9.80 10.44 10.13 10.66
Tangible Equity/ Tangible Assets 9.54 9.75 9.39 9.23 9.80
Tang Common Equity/ Tang Assets 9.54 9.75 9.39 9.23 9.80
Asset Quality (%)
NPAs/ Assets 2.20 2.02 1.69 1.55 NA
NPA Excl Restructured/ Assets 1.31 1.23 1.04 1.01 NA
NPAs & 90+ PD/ Assets 2.20 2.02 1.69 1.55 NA
NPAs/ Loans & REO 3.32 2.64 2.24 2.02 NA
Nonaccrual & 90+ & OREO/ Assets 1.31 1.23 1.04 1.01 NA
NPAs & 90+ PD/ Loans & REO 3.32 2.64 2.24 2.02 NA
NPA & Loans 90+/ Tangible Common Equity + LLR 21.32 18.98 16.76 15.58 NA
NCOs/ Avg Loans (0.03) (0.01) 0 0 (0.01)
Loan Loss Reserves/ Gross Loans 1.21 1.17 1.07 1.06 1.10
Reserves/ NPAs 35.65 43.65 47.20 51.89 NA
Loan Loss Provision/ NCO NM NM NM NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 23,896 25,961 28,102 32,065 NA
Tier 1 Capital($000) 23,896 25,961 28,102 32,065 NA
Tier 2 Capital($000) 2,027 2,392 2,481 2,888 NA
Total Capital($000) 25,923 28,353 30,583 34,953 NA
Total Risk-weighted Assets($000) 183,160 212,319 254,826 298,053 NA
Tier 1 Common Capital (CET1) Ratio(%) 13.05 12.23 11.03 10.76 NA
Tier 1 Ratio(%) 13.05 12.23 11.03 10.76 NA
Total Capital Ratio(%) 14.15 13.35 12 11.73 NA
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.90 9.72 9.37 9.27 9.73
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 2,633,073 2,638,253 3,027,825 3,101,137 3,122,591
Avg Diluted Shares(actual) 2,647,050 2,656,020 2,795,432 3,079,358 3,086,220
Basic Book Value per Share 9.13 9.88 10.38 11.43 12.43
Book Value per Share, As Reported 9.12 9.89 10.38 NA NA
Basic Tangible Book Value per Share 9.07 9.83 9.23 10.31 11.31
Common Dividends Declared per Share 0 0 0 0 0
EPS after Extra 0.53 0.71 0.76 1.10 0.89
EPS after Extra Growth(%) 14.40 34.30 7.70 45 4.70
Core EPS 0.51 0.69 0.90 1.07 0.89
Core EPS Growth(%) 12 33.80 31 18.90 4.80
Diluted EPS before Amortization 0.53 0.71 0.76 1.10 0.89
Pre-Provision Earnings per Share 0.47 0.75 0.90 1.21 1.01
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