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 1,815,904 1,806,371 0.53 1,814,198 0.38
Total Net Loans 1,168,467 1,136,579 2.81 1,179,535 (3.75)
Total Deposits 1,322,083 1,277,963 3.45 1,313,851 2.51
Equity Attributable to Parent Company 215,498 202,413 6.46 210,182 10.12
Total Equity 215,498 202,413 6.46 210,182 10.12
Profitability (%)
Net Income($000) 3,064 3,496 (12.36) 898 964.81
Net Income Attributable to Parent($000) 3,064 3,496 (12.36) 898 964.81
ROAA 0.68 0.77 (9) bp 0.20 48 bp
Core ROAA 0.57 0.78 (21) bp 0.20 37 bp
ROAE 5.68 7 (132) bp 1.66 402 bp
ROATCE 7.35 9.29 (194) bp 2.18 517 bp
Core ROAE 4.83 7.04 (221) bp 1.69 314 bp
Net Interest Margin 2.98 3.02 (4) bp 3.06 (8) bp
Reported: Net Interest Margin 2.98 3.02 (4) bp 3.06 (8) bp
Efficiency Ratio 74.01 71.34 267 bp 90.45 (1,644) bp
Noninterest Inc/ Operating Rev 16.68 16.96 (28) bp (5.77) 2,245 bp
Balance Sheet Ratios (%)
Loans/ Deposits 88.95 89.58 (63) bp 90.31 (136) bp
Securities/ Assets 23.61 28.77 (516) bp 24.89 (128) bp
Total Equity/ Total Assets 11.87 11.21 66 bp 11.59 28 bp
Tangible Equity/ Tangible Assets 9.46 8.76 70 bp 9.16 30 bp
Tang Common Equity/ Tang Assets 9.46 8.76 70 bp 9.16 30 bp
Asset Quality (%)
NPAs/ Assets 1.53 1.66 (13) bp 1.55 (2) bp
NPA Excl Restructured/ Assets 0.41 0.42 (1) bp 0.39 2 bp
NPAs & 90+ PD/ Assets 1.53 1.66 (13) bp 1.55 (2) bp
NPAs/ Loans & REO 2.35 2.62 (27) bp 2.37 (2) bp
Nonaccrual & 90+ & OREO/ Assets 0.41 0.43 (2) bp 0.39 2 bp
NPAs & 90+ PD/ Loans & REO 2.36 2.62 (26) bp 2.37 (1) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 15.78 18.47 (269) bp 16.60 (82) bp
NCOs/ Avg Loans 0.01 0 1 bp 0.07 (6) bp
Loan Loss Reserves/ Gross Loans 0.74 0.73 1 bp 0.67 7 bp
Reserves/ NPAs 31.39 28.03 336 bp 28.17 322 bp
Loan Loss Provision/ NCO NM 309.09 NM (8.49) NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) NA NA NA 159,794 NA
Tier 1 Capital($000) NA NA NA 159,794 NA
Tier 2 Capital($000) NA NA NA 7,939 NA
Total Capital($000) NA NA NA 167,733 NA
Total Risk-weighted Assets($000) NA NA NA 1,272,245 NA
Tier 1 Common Capital (CET1) Ratio(%) 12.72 12.45 27 bp 12.56 16 bp
Tier 1 Ratio(%) 12.72 12.45 27 bp 12.56 16 bp
Total Capital Ratio(%) 13.41 13.12 29 bp 13.18 23 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.09 8.91 18 bp 9.01 8 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 7,876,604 7,892,214 (0.20) 7,883,735 (0.36)
Avg Diluted Shares(actual) 8,055,607 8,088,341 (0.40) 8,163,636 (5.29)
Basic Book Value per Share 27.36 25.65 6.67 26.66 10.50
Book Value per Share, As Reported NA 25.65 NA NA NA
Basic Tangible Book Value per Share 21.22 19.51 8.76 20.52 13.65
Common Dividends Declared per Share 0.27 0.26 3.85 0.27 0
EPS after Extra 0.38 0.43 (11.63) 0.11 981.82
EPS after Extra Growth(%) (11.60) 0 (1,163) bp (75) 6,337 bp
Core EPS 0.32 0.43 (25.58) 0.11 763.64
Core EPS Growth(%) (25.20) (0.20) (2,504) bp (74.80) 4,954 bp
Diluted EPS before Amortization 0.38 0.43 (11.63) 0.11 981.82
Pre-Provision Earnings per Share 0.34 0.38 (10.53) 0.07 1,542.86

   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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