Financial Highlights
2017 FQ2
6/30/2017
2016 FQ2
6/30/2016
Y-Y Ch (%)
2017 FQ1
3/31/2017
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 1,777,298 1,680,359 5.77 1,760,860 3.73
Total Net Loans 1,042,379 913,275 14.14 1,007,188 13.98
Total Deposits 1,210,152 1,156,870 4.61 1,231,061 (6.79)
Equity Attributable to Parent Company 195,070 195,133 (0.03) 190,976 8.57
Total Equity 195,070 195,133 (0.03) 190,976 8.57
Profitability (%)
Net Income($000) 3,844 3,407 12.83 3,136 90.31
Net Income Attributable to Parent($000) 3,844 3,407 12.83 3,136 90.31
ROAA 0.87 0.81 6 bp 0.72 15 bp
Core ROAA 0.85 0.78 7 bp 0.73 12 bp
ROAE 7.85 7.05 80 bp 6.56 129 bp
ROATCE 10.50 9.50 100 bp 8.86 164 bp
Core ROAE 7.70 6.78 92 bp 6.60 110 bp
Net Interest Margin 3.03 2.97 6 bp 2.99 4 bp
Reported: Net Interest Margin 3.03 2.97 6 bp 2.99 4 bp
Efficiency Ratio 63.10 65.71 (261) bp 68.21 (511) bp
Noninterest Inc/ Operating Rev 18.74 19.22 (48) bp 19.17 (43) bp
Balance Sheet Ratios (%)
Loans/ Deposits 86.64 79.49 715 bp 82.28 436 bp
Securities/ Assets 33.27 37.19 (392) bp 34.74 (147) bp
Total Equity/ Total Assets 10.98 11.61 (63) bp 10.85 13 bp
Tangible Equity/ Tangible Assets 8.47 8.97 (50) bp 8.31 16 bp
Tang Common Equity/ Tang Assets 8.47 8.97 (50) bp 8.31 16 bp
Asset Quality (%)
NPAs/ Assets 1.51 1.19 32 bp 1.22 29 bp
NPA Excl Restructured/ Assets 0.10 0.07 3 bp 0.07 3 bp
NPAs & 90+ PD/ Assets 1.57 1.21 36 bp 1.30 27 bp
NPAs/ Loans & REO 2.55 2.18 37 bp 2.12 43 bp
Nonaccrual & 90+ & OREO/ Assets 0.17 0.09 8 bp 0.15 2 bp
NPAs & 90+ PD/ Loans & REO 2.66 2.20 46 bp 2.26 40 bp
NPA & Loans 90+/ Tangible Common Equity + LLR 18.14 13.17 497 bp 15.27 287 bp
NCOs/ Avg Loans (0.04) (0.04) 0 bp (0.03) (1) bp
Loan Loss Reserves/ Gross Loans 0.72 0.83 (11) bp 0.74 (2) bp
Reserves/ NPAs 28.41 37.88 (947) bp 34.81 (640) bp
Loan Loss Provision/ NCO NM NM NM NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 146,444 139,009 5.35 143,952 6.92
Tier 1 Capital($000) 146,444 139,009 5.35 143,952 6.92
Tier 2 Capital($000) 7,600 7,600 0 7,500 5.33
Total Capital($000) 154,044 146,609 5.07 151,452 6.85
Total Risk-weighted Assets($000) 1,178,581 1,064,203 1,178,581 1,152,169 1,178,581
Tier 1 Common Capital (CET1) Ratio(%) 12.43 13.08 (65) bp 12.49 (6) bp
Tier 1 Ratio(%) 12.43 13.08 (65) bp 12.49 (6) bp
Total Capital Ratio(%) 13.07 13.80 (73) bp 13.14 (7) bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 8.50 8.50 0 bp 8.54 (4) bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 7,838,628 7,818,291 0.26 7,821,514 0.88
Avg Diluted Shares(actual) 8,032,350 8,002,922 0.37 8,018,676 0.68
Basic Book Value per Share 24.89 24.96 (0.28) 24.42 7.70
As-reported Book Value per Share 24.81 24.90 (0.36) 24.35 7.56
Basic Tangible Book Value per Share 18.69 18.72 (0.16) 18.20 10.77
Common Dividends Declared per Share 0.25 0.24 4.17 0.25 0
EPS after Extra 0.48 0.43 11.63 0.39 92.31
EPS after Extra Growth(%) 11.60 (17.30) 2,894 bp 2.60 900 bp
Core EPS 0.47 0.41 14.63 0.39 82.05
Core EPS Growth(%) 13.90 (21) 3,489 bp 2.30 1,158 bp
Diluted EPS before Amortization 0.48 0.44 9.09 0.39 92.31
Pre-Provision Earnings per Share 0.37 0.31 19.35 0.30 93.33

   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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