Financial Highlights
2018 FQ4
12/31/2018
2017 FQ4
12/31/2017
Y-Y Ch (%)
2018 FQ3
9/30/2018
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 1,837,307 1,813,130 1.33 1,833,663 0.79
Total Net Loans 1,120,690 1,085,379 3.25 1,134,641 (4.92)
Total Deposits 1,292,693 1,265,258 2.17 1,276,806 4.98
Equity Attributable to Parent Company 195,519 194,905 0.32 188,536 14.82
Total Equity 195,519 194,905 0.32 188,536 14.82
Profitability (%)
Net Income($000) 3,530 2,721 29.73 3,696 (17.97)
Net Income Attributable to Parent($000) 3,530 2,721 29.73 3,696 (17.97)
ROAA 0.77 0.61 16 bp 0.80 (3) bp
Core ROAA 0.77 0.68 9 bp 0.81 (4) bp
ROAE 7.35 5.48 187 bp 7.67 (32) bp
ROATCE 9.88 7.30 258 bp 10.31 (43) bp
Core ROAE 7.39 6.16 123 bp 7.71 (32) bp
Net Interest Margin 3.01 3.02 (1) bp 2.95 6 bp
Reported: Net Interest Margin 3.01 3.02 (1) bp 2.95 6 bp
Efficiency Ratio 69.48 69.67 (19) bp 71.25 (177) bp
Noninterest Inc/ Operating Rev 18.80 18.88 (8) bp 19.02 (22) bp
Balance Sheet Ratios (%)
Loans/ Deposits 87.31 86.27 104 bp 89.28 (197) bp
Securities/ Assets 28.29 31.76 (347) bp 28.69 (40) bp
Total Equity/ Total Assets 10.64 10.75 (11) bp 10.28 36 bp
Tangible Equity/ Tangible Assets 8.22 8.29 (7) bp 7.85 37 bp
Tang Common Equity/ Tang Assets 8.22 8.29 (7) bp 7.85 37 bp
Asset Quality (%)
NPAs/ Assets 1.69 1.46 23 bp 1.70 (1) bp
NPA Excl Restructured/ Assets 0.41 0.18 23 bp 0.41 0 bp
NPAs & 90+ PD/ Assets 1.69 1.49 20 bp 1.72 (3) bp
NPAs/ Loans & REO 2.75 2.43 32 bp 2.73 2 bp
Nonaccrual & 90+ & OREO/ Assets 0.42 0.20 22 bp 0.42 0 bp
NPAs & 90+ PD/ Loans & REO 2.76 2.46 30 bp 2.75 1 bp
NPA & Loans 90+/ Tangible Common Equity + LLR 20.03 17.49 254 bp 21.25 (122) bp
NCOs/ Avg Loans 0.02 0.06 (4) bp 0.01 1 bp
Loan Loss Reserves/ Gross Loans 0.74 0.70 4 bp 0.71 3 bp
Reserves/ NPAs 27 29 (200) bp 25.95 105 bp
Loan Loss Provision/ NCO 510.45 100 41,045 bp NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 154,705 149,013 3.82 NA NA
Tier 1 Capital($000) 154,705 149,013 3.82 NA NA
Tier 2 Capital($000) 8,375 7,700 8.77 NA NA
Total Capital($000) 163,080 156,713 4.06 NA NA
Total Risk-weighted Assets($000) 1,229,769 1,218,599 0.92 NA NA
Tier 1 Common Capital (CET1) Ratio(%) 12.58 12.23 35 bp 12.18 40 bp
Tier 1 Ratio(%) 12.58 12.23 35 bp 12.18 40 bp
Total Capital Ratio(%) 13.26 12.86 40 bp 12.83 43 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 8.72 8.54 18 bp 8.49 23 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 7,854,296 7,825,524 0.37 7,815,782 1.97
Avg Diluted Shares(actual) 8,022,727 8,002,941 0.25 8,052,045 (1.46)
Basic Book Value per Share 24.89 24.91 (0.08) 24.12 12.77
Book Value per Share, As Reported NA NA NA NA NA
Basic Tangible Book Value per Share 18.72 18.70 0.11 17.92 17.86
Common Dividends Declared per Share 0.26 0.26 0 0.26 0
EPS after Extra 0.44 0.34 29.41 0.46 (17.39)
EPS after Extra Growth(%) 29.40 (27.70) 5,707 bp 4.50 2,486 bp
Core EPS 0.44 0.38 15.79 0.46 (17.39)
Core EPS Growth(%) 15.70 (23.10) 3,883 bp 4.50 1,118 bp
Diluted EPS before Amortization 0.44 0.34 29.41 0.46 (17.39)
Pre-Provision Earnings per Share 0.43 0.30 43.33 0.39 41.03

   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.


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