Financial Highlights
2019 FQ3
9/30/2019
2018 FQ3
9/30/2018
Y-Y Ch (%)
2019 FQ2
6/30/2019
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 1,813,684 1,833,663 (1.09) 1,824,592 (2.39)
Total Net Loans 1,185,547 1,134,641 4.49 1,169,957 5.33
Total Deposits 1,308,773 1,276,806 2.50 1,281,418 8.54
Equity Attributable to Parent Company 212,376 188,536 12.64 208,114 8.19
Total Equity 212,376 188,536 12.64 208,114 8.19
Profitability (%)
Net Income($000) 4,442 3,696 20.18 4,188 24.26
Net Income Attributable to Parent($000) 4,442 3,696 20.18 4,188 24.26
ROAA 0.98 0.80 18 bp 0.93 5 bp
Core ROAA 0.98 0.81 17 bp 0.93 5 bp
ROAE 8.37 7.67 70 bp 8.13 24 bp
ROATCE 10.87 10.31 56 bp 10.67 20 bp
Core ROAE 8.38 7.71 67 bp 8.16 22 bp
Net Interest Margin 3.13 2.97 16 bp 3.06 7 bp
Reported: Net Interest Margin 3.13 2.97 16 bp 3.06 7 bp
Efficiency Ratio 64.67 71.24 (657) bp 68.28 (361) bp
Noninterest Inc/ Operating Rev 19.56 18.98 58 bp 19.68 (12) bp
Balance Sheet Ratios (%)
Loans/ Deposits 91.06 89.28 178 bp 91.82 (76) bp
Securities/ Assets 25.95 28.69 (274) bp 27.16 (121) bp
Total Equity/ Total Assets 11.71 10.28 143 bp 11.41 30 bp
Tangible Equity/ Tangible Assets 9.29 7.85 144 bp 8.99 30 bp
Tang Common Equity/ Tang Assets 9.29 7.85 144 bp 8.99 30 bp
Asset Quality (%)
NPAs/ Assets 1.56 1.70 (14) bp 1.59 (3) bp
NPA Excl Restructured/ Assets 0.41 0.41 0 bp 0.47 (6) bp
NPAs & 90+ PD/ Assets 1.56 1.72 (16) bp 1.59 (3) bp
NPAs/ Loans & REO 2.37 2.73 (36) bp 2.45 (8) bp
Nonaccrual & 90+ & OREO/ Assets 0.41 0.42 (1) bp 0.48 (7) bp
NPAs & 90+ PD/ Loans & REO 2.38 2.75 (37) bp 2.46 (8) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 16.48 21.25 (477) bp 17.31 (83) bp
NCOs/ Avg Loans 0.02 0.01 1 bp 0.06 (4) bp
Loan Loss Reserves/ Gross Loans 0.68 0.71 (3) bp 0.68 0 bp
Reserves/ NPAs 28.84 25.95 289 bp 27.78 106 bp
Loan Loss Provision/ NCO 316.39 NM NM (98.35) 41,474 bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) NA NA NA NA NA
Tier 1 Capital($000) NA NA NA NA NA
Tier 2 Capital($000) NA NA NA NA NA
Total Capital($000) NA NA NA NA NA
Total Risk-weighted Assets($000) NA NA NA NA NA
Tier 1 Common Capital (CET1) Ratio(%) 12.58 12.18 40 bp 12.43 15 bp
Tier 1 Ratio(%) 12.58 12.18 40 bp 12.43 15 bp
Total Capital Ratio(%) 13.21 12.83 38 bp 13.06 15 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.16 8.49 67 bp 9.03 13 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 7,894,045 7,815,782 1 7,877,980 0.82
Avg Diluted Shares(actual) 8,106,868 8,052,045 0.68 8,089,876 0.84
Basic Book Value per Share 26.90 24.12 11.53 26.42 7.27
Book Value per Share, As Reported NA NA NA NA NA
Basic Tangible Book Value per Share 20.77 17.92 15.90 20.27 9.87
Common Dividends Declared per Share 0.26 0.26 0 0.26 0
EPS after Extra 0.55 0.46 19.57 0.52 23.08
EPS after Extra Growth(%) 19.60 4.50 1,502 bp 26.80 (726) bp
Core EPS 0.55 0.46 19.57 0.52 23.08
Core EPS Growth(%) 19.20 4.50 1,467 bp 25.40 (621) bp
Diluted EPS before Amortization 0.55 0.46 19.57 0.52 23.08
Pre-Provision Earnings per Share 0.51 0.39 30.77 0.45 53.33

   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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