Financial Highlights
2018 FQ1
3/31/2018
2017 FQ1
3/31/2017
Y-Y Ch (%)
2017 FQ4
12/31/2017
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 1,799,592 1,760,860 2.20 1,813,130 (2.99)
Total Net Loans 1,085,161 1,007,188 7.74 1,085,379 (0.08)
Total Deposits 1,297,868 1,231,061 5.43 1,265,258 10.31
Equity Attributable to Parent Company 191,090 190,976 0.06 194,905 (7.83)
Total Equity 191,090 190,976 0.06 194,905 (7.83)
Profitability (%)
Net Income($000) 3,462 3,136 10.40 2,721 108.93
Net Income Attributable to Parent($000) 3,462 3,136 10.40 2,721 108.93
ROAA 0.77 0.72 5 bp 0.61 16 bp
Core ROAA 0.78 0.73 5 bp 0.68 10 bp
ROAE 7.11 6.56 55 bp 5.48 163 bp
ROATCE 9.53 8.86 67 bp 7.30 223 bp
Core ROAE 7.16 6.60 56 bp 6.16 100 bp
Net Interest Margin 2.95 2.99 (4) bp 3.02 (7) bp
Reported: Net Interest Margin 2.95 2.99 (4) bp 3.02 (7) bp
Efficiency Ratio 68.42 68.21 21 bp 69.67 (125) bp
Noninterest Inc/ Operating Rev 17.52 19.17 (165) bp 18.88 (136) bp
Balance Sheet Ratios (%)
Loans/ Deposits 84.22 82.28 194 bp 86.27 (205) bp
Securities/ Assets 31.94 34.74 (280) bp 31.76 18 bp
Total Equity/ Total Assets 10.62 10.85 (23) bp 10.75 (13) bp
Tangible Equity/ Tangible Assets 8.14 8.31 (17) bp 8.29 (15) bp
Tang Common Equity/ Tang Assets 8.14 8.31 (17) bp 8.29 (15) bp
Asset Quality (%)
NPAs/ Assets 1.71 1.22 49 bp 1.46 25 bp
NPA Excl Restructured/ Assets 0.36 0.07 29 bp 0.18 18 bp
NPAs & 90+ PD/ Assets 1.75 1.30 45 bp 1.49 26 bp
NPAs/ Loans & REO 2.81 2.12 69 bp 2.43 38 bp
Nonaccrual & 90+ & OREO/ Assets 0.40 0.15 25 bp 0.20 20 bp
NPAs & 90+ PD/ Loans & REO 2.87 2.26 61 bp 2.46 41 bp
NPA & Loans 90+/ Tangible Common Equity + LLR 20.85 15.27 558 bp 17.49 336 bp
NCOs/ Avg Loans (0.04) (0.03) (1) bp 0.06 (10) bp
Loan Loss Reserves/ Gross Loans 0.75 0.74 1 bp 0.70 5 bp
Reserves/ NPAs 26.65 34.81 (816) bp 29 (235) bp
Loan Loss Provision/ NCO NM NM NM 100 NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 151,168 143,952 5.01 149,013 5.78
Tier 1 Capital($000) 151,168 143,952 5.01 149,013 5.78
Tier 2 Capital($000) 8,200 7,500 9.33 7,700 25.97
Total Capital($000) 159,368 151,452 5.23 156,713 6.78
Total Risk-weighted Assets($000) 1,224,579 1,152,169 6.28 1,218,599 1.96
Tier 1 Common Capital (CET1) Ratio(%) 12.34 12.49 (15) bp 12.23 11 bp
Tier 1 Ratio(%) 12.34 12.49 (15) bp 12.23 11 bp
Total Capital Ratio(%) 13.01 13.14 (13) bp 12.86 15 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 8.69 8.54 15 bp 8.54 15 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 7,866,636 7,821,514 0.58 7,825,524 2.10
Avg Diluted Shares(actual) 8,073,218 8,018,676 0.68 8,002,941 3.51
Basic Book Value per Share 24.29 24.42 (0.53) 24.91 (9.96)
As-reported Book Value per Share 24.21 24.35 (0.57) NA NA
Basic Tangible Book Value per Share 18.12 18.20 (0.44) 18.70 (12.41)
Common Dividends Declared per Share 0.26 0.25 4 0.26 0
EPS after Extra 0.43 0.39 10.26 0.34 105.88
EPS after Extra Growth(%) 10.30 2.60 763 bp (27.70) 3,792 bp
Core EPS 0.43 0.39 10.26 0.38 52.63
Core EPS Growth(%) 10.20 2.30 789 bp (23.10) 3,336 bp
Diluted EPS before Amortization 0.43 0.39 10.26 0.34 105.88
Pre-Provision Earnings per Share 0.40 0.30 33.33 0.30 133.33

   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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