Investor Relations

Financial Highlights

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 567,746 607,371 646,544 670,544 663,589
Total Net Loans 350,067 366,697 402,731 425,875 433,904
Total Deposits 474,696 512,386 539,853 577,015 574,075
Equity Attributable to Parent Company 69,842 71,698 76,550 80,477 84,626
Total Equity 69,842 71,698 76,550 80,477 84,626
Profitability (%)
Net Income($000) 5,743 6,090 6,168 7,333 4,144
Net Income Attributable to Parent($000) 5,743 6,090 6,168 7,333 4,144
ROAA 1.04 1.04 0.98 1.15 0.83
Core ROAA 1.03 1.05 0.95 1.14 1.02
ROAE 8.39 8.44 8.22 9.55 6.62
ROATCE 11.15 10.88 10.06 11.63 7.92
Core ROAE 8.28 8.50 7.95 9.44 8.14
Net Interest Margin 3.78 3.72 3.67 3.86 3.71
Reported: Net Interest Margin 3.78 3.72 3.67 3.86 3.71
Efficiency Ratio 68.04 67.59 68.38 70.08 71.90
Noninterest Inc/ Operating Rev 28.33 28.15 25.84 23.39 25.12
Balance Sheet Ratios (%)
Loans/ Deposits 73.58 72.02 75.13 74.47 76.09
Securities/ Assets 28.77 29.30 24.62 25.80 24.24
Total Equity/ Total Assets 12.30 11.80 11.84 12 12.75
Tangible Equity/ Tangible Assets 10.07 9.77 9.93 10.16 10.91
Tang Common Equity/ Tang Assets 10.07 9.77 9.93 10.16 10.91
Asset Quality (%)
NPAs/ Assets 0.97 0.87 0.63 0.58 0.89
NPA Excl Restructured/ Assets 0.39 0.40 0.19 0.24 0.58
NPAs & 90+ PD/ Assets 0.97 0.91 0.67 0.58 0.89
NPAs/ Loans & REO 1.55 1.42 1.01 0.90 1.35
Nonaccrual & 90+ & OREO/ Assets 0.40 0.44 0.23 0.24 0.58
NPAs & 90+ PD/ Loans & REO 1.56 1.48 1.07 0.90 1.35
NPA & Loans 90+/ Tangible Common Equity + LLR 9.23 8.84 6.46 5.44 7.89
NCOs/ Avg Loans 0.02 (0.02) 0.05 (0.02) 0.18
Loan Loss Reserves/ Gross Loans 1.18 1.15 1.12 1.09 0.94
Reserves/ NPAs 76.25 81.11 111.69 120.19 69.20
Loan Loss Provision/ NCO 126.58 NM 262.16 NM 0
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 54,532 55,324 62,584 67,481 67,803
Tier 1 Capital($000) 54,532 55,324 62,584 67,481 67,803
Tier 2 Capital($000) 5,205 4,320 4,571 4,667 4,088
Total Capital($000) 59,737 59,644 67,155 72,148 71,891
Total Risk-weighted Assets($000) 419,477 457,223 485,147 523,109 525,605
Tier 1 Common Capital (CET1) Ratio(%) 13 12.10 12.90 12.90 12.90
Tier 1 Ratio(%) 13 12.10 12.90 12.90 12.90
Total Capital Ratio(%) 14.20 13 13.90 13.80 13.60
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.70 9.20 9.90 10.50 10.30
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 3,632,988 3,613,933 3,620,997 3,616,483 3,634,388
Avg Diluted Shares(actual) 3,635,186 3,629,519 3,629,681 3,628,127 3,646,831
Basic Book Value per Share 19.22 19.84 21.14 22.25 23.28
Book Value per Share, As Reported 19.22 19.73 21.14 22.25 NA
Basic Tangible Book Value per Share 15.34 16.04 17.35 18.46 19.51
Tangible Book Value per Share, As Reported NA NA NA 18.46 NA
Common Dividends Declared per Share 0.60 0.62 0.64 0.71 1.20
EPS after Extra 1.58 1.68 1.70 2.02 1.14
EPS after Extra Growth(%) 1.20 6.30 1 19.20 (25)
Core EPS 1.56 1.69 1.64 2 1.40
Core EPS Growth(%) (1.70) 8.50 (3) 21.80 (5.20)
Diluted EPS before Amortization 1.70 1.78 1.70 2.02 1.14
Pre-Provision Earnings per Share 1.29 1.42 1.50 1.83 1.31
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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