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Financial Highlights Report

Financial Highlights
2020 FQ1
3/31/2020
2019 FQ1
3/31/2019
Y-Y Ch (%)
2019 FQ4
12/31/2019
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 2,495,065 1,868,404 33.54 2,478,550 2.67
Total Net Loans 1,843,529 1,348,509 36.71 1,819,690 5.24
Total Deposits 2,070,667 1,559,790 32.75 2,060,547 1.96
Equity Attributable to Parent Company 323,293 229,473 40.88 320,258 3.79
Total Equity 323,293 229,473 40.88 320,258 3.79
Profitability (%)
Net Income($000) 8,542 6,003 42.30 7,441 59.19
Net Income Attributable to Parent($000) 8,542 6,003 42.30 7,441 59.19
ROAA 1.37 1.29 8 bp 1.20 17 bp
Core ROAA 1.32 1.32 0 bp 1.35 (3) bp
ROAE 10.56 10.69 (13) bp 9.31 125 bp
ROATCE 15.34 13.44 190 bp 13.68 166 bp
Core ROAE 10.18 10.95 (77) bp 10.46 (28) bp
Net Interest Margin 3.51 3.50 1 bp 3.63 (12) bp
Reported: Net Interest Margin 3.52 3.50 2 bp 3.62 (10) bp
Efficiency Ratio 54.57 56.86 (229) bp 57.26 (269) bp
Noninterest Inc/ Operating Rev 15.60 17.19 (159) bp 16.85 (125) bp
Balance Sheet Ratios (%)
Loans/ Deposits 89.58 87.20 238 bp 88.85 73 bp
Securities/ Assets 14.47 18.23 (376) bp 16.03 (156) bp
Total Equity/ Total Assets 12.96 12.28 68 bp 12.92 4 bp
Tangible Equity/ Tangible Assets 9.61 10.13 (52) bp 9.57 4 bp
Tang Common Equity/ Tang Assets 9.61 10.13 (52) bp 9.57 4 bp
Asset Quality (%)
NPAs/ Assets 0.14 0.14 0 bp 0.17 (3) bp
NPA Excl Restructured/ Assets 0.14 0.09 5 bp 0.13 1 bp
NPAs & 90+ PD/ Assets 0.16 0.15 1 bp 0.18 (2) bp
NPAs/ Loans & REO 0.19 0.19 0 bp 0.23 (4) bp
Nonaccrual & 90+ & OREO/ Assets 0.16 0.10 6 bp 0.15 1 bp
NPAs & 90+ PD/ Loans & REO 0.22 0.21 1 bp 0.25 (3) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 1.64 1.42 22 bp 1.90 (26) bp
NCOs/ Avg Loans 0.01 0 1 bp 0.01 0 bp
Loan Loss Reserves/ Gross Loans 0.76 0.94 (18) bp 0.72 4 bp
Reserves/ NPAs 394.75 491.59 (9,684) bp 311.66 8,309 bp
Loan Loss Provision/ NCO NM 106.67 NM NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 229,430 188,050 22 228,554 1.53
Tier 1 Capital($000) 257,484 216,003 19.20 256,583 1.40
Tier 2 Capital($000) 21,894 13,035 67.96 20,998 17.07
Total Capital($000) 279,378 229,038 21.98 277,581 2.59
Total Risk-weighted Assets($000) 1,992,046 1,466,802 35.81 1,977,074 3.03
Tier 1 Common Capital (CET1) Ratio(%) 11.52 12.82 (130) bp 11.56 (4) bp
Tier 1 Ratio(%) 12.93 14.73 (180) bp 12.98 (5) bp
Total Capital Ratio(%) 14.02 15.61 (159) bp 14.04 (2) bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.75 11.84 (109) bp 10.75 0 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 10,957,502 8,756,569 25.13 11,071,540 (4.12)
Avg Diluted Shares(actual) 11,031,310 8,745,723 26.13 11,103,905 (2.62)
Basic Book Value per Share 29.50 26.21 12.55 28.93 7.88
Book Value per Share, As Reported 29.50 26.21 12.55 28.93 7.88
Basic Tangible Book Value per Share 21.08 21.10 (0.09) 20.64 8.53
Tangible Book Value per Share, As Reported 21.08 21.10 (0.09) 20.64 8.53
Common Dividends Declared per Share 0.27 0.25 8 0.27 0
EPS after Extra 0.77 0.69 11.59 0.67 59.70
EPS after Extra Growth(%) 11.60 3 860 bp 17.50 (595) bp
Core EPS 0.74 0.71 4.23 0.75 (5.33)
Core EPS Growth(%) 5.10 6.10 (105) bp 11.20 (610) bp
Diluted EPS before Amortization 0.81 0.70 15.71 0.71 56.34
Pre-Provision Earnings per Share 0.73 0.70 4.29 0.71 11.27

   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.