Financial Highlights

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 1,112,198 1,030,309 7.95 1,097,842 5.23
Total Net Loans 703,937 604,072 16.53 686,836 9.96
Total Deposits 929,801 856,199 8.60 919,734 4.38
Equity Attributable to Parent Company 106,858 97,534 9.56 102,802 15.78
Total Equity 106,858 97,534 9.56 102,802 15.78
Profitability (%)
Net Income($000) 2,603 2,821 (7.73) 2,225 67.96
Net Income Attributable to Parent($000) 2,603 2,821 (7.73) 2,225 67.96
ROAA 0.95 1.10 (15) bp 0.83 12 bp
Core ROAA 0.93 0.80 13 bp 0.92 1 bp
ROAE 10.08 11.56 (148) bp 9 108 bp
ROATCE 10.08 11.56 (148) bp 9 108 bp
Core ROAE 9.79 8.39 140 bp 10.02 (23) bp
Net Interest Margin 3.58 3.33 25 bp 3.65 (7) bp
Reported: Net Interest Margin 3.59 3.34 25 bp 3.57 2 bp
Efficiency Ratio 71.21 75.94 (473) bp 71.68 (47) bp
Noninterest Inc/ Operating Rev 21.40 23.66 (226) bp 22.44 (104) bp
Balance Sheet Ratios (%)
Loans/ Deposits 76.37 71.19 518 bp 75.46 91 bp
Securities/ Assets 27.33 31.36 (403) bp 27.90 (57) bp
Total Equity/ Total Assets 9.61 9.47 14 bp 9.36 25 bp
Tangible Equity/ Tangible Assets 9.61 9.47 14 bp 9.36 25 bp
Tang Common Equity/ Tang Assets 9.61 9.47 14 bp 9.36 25 bp
Asset Quality (%)
NPAs/ Assets 0.16 0.11 5 bp 0.17 (1) bp
NPA Excl Restructured/ Assets 0.16 0.08 8 bp 0.17 (1) bp
NPAs & 90+ PD/ Assets 0.19 0.19 0 bp 0.20 (1) bp
NPAs/ Loans & REO 0.26 0.18 8 bp 0.26 0 bp
Nonaccrual & 90+ & OREO/ Assets 0.19 0.17 2 bp 0.20 (1) bp
NPAs & 90+ PD/ Loans & REO 0.29 0.33 (4) bp 0.32 (3) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 1.80 1.89 (9) bp 2 (20) bp
NCOs/ Avg Loans (0.02) 0.23 (25) bp (0.03) 1 bp
Loan Loss Reserves/ Gross Loans 1.25 1.32 (7) bp 1.25 0 bp
Reserves/ NPAs 488.51 733.48 (24,497) bp 472.78 1,573 bp
Loan Loss Provision/ NCO NM 54.76 NM NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) NA 104,616 NA 108,480 NA
Tier 1 Capital($000) NA 104,616 NA 108,480 NA
Tier 2 Capital($000) NA 8,381 NA 8,999 NA
Total Capital($000) NA 112,997 NA 117,479 NA
Total Risk-weighted Assets($000) NA 753,303 NA 821,818 NA
Tier 1 Common Capital (CET1) Ratio(%) 13.30 13.89 (59) bp 13.20 10 bp
Tier 1 Ratio(%) 13.30 13.89 (59) bp 13.20 10 bp
Total Capital Ratio(%) 14.40 15 (60) bp 14.30 10 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10 10.14 (14) bp 10 0 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 2,847,226 2,853,479 (0.22) 2,852,532 (0.74)
Avg Diluted Shares(actual) 2,847,170 2,850,146 (0.10) 2,852,564 (0.76)
Basic Book Value per Share 37.53 34.18 9.80 36.04 16.54
Book Value per Share, As Reported NA 34.18 NA 36.04 NA
Basic Tangible Book Value per Share 37.53 34.18 9.80 36.04 16.54
Tangible Book Value per Share, As Reported NA 34.18 NA 36.04 NA
Common Dividends Declared per Share 0.30 0.28 7.14 0.29 13.79
EPS after Extra 0.91 0.99 (8.08) 0.78 66.67
EPS after Extra Growth(%) (8.10) 54.70 (6,277) bp 271.40 (27,951) bp
Core EPS 0.88 0.72 22.22 0.87 4.60
Core EPS Growth(%) 22.90 18.20 468 bp 60.40 (3,751) bp
Diluted EPS before Amortization 0.91 0.99 (8.08) 0.78 66.67
Pre-Provision Earnings per Share 0.87 0.63 38.10 0.85 9.41

   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.
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