Financial Highlights
2019 FQ1
3/31/2019
2018 FQ1
3/31/2018
Y-Y Ch (%)
2018 FQ4
12/31/2018
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 1,806,974 1,799,592 0.41 1,843,105 (7.84)
Total Net Loans 1,136,579 1,085,161 4.74 1,120,690 5.67
Total Deposits 1,277,963 1,297,868 (1.53) 1,292,693 (4.56)
Equity Attributable to Parent Company 202,413 191,090 5.93 195,519 14.10
Total Equity 202,413 191,090 5.93 195,519 14.10
Profitability (%)
Net Income($000) 3,496 3,462 0.98 3,530 (3.85)
Net Income Attributable to Parent($000) 3,496 3,462 0.98 3,530 (3.85)
ROAA 0.77 0.77 0 bp 0.77 0 bp
Core ROAA 0.78 0.78 0 bp 0.78 0 bp
ROAE 7 7.11 (11) bp 7.35 (35) bp
ROATCE 9.29 9.53 (24) bp 9.88 (59) bp
Core ROAE 7.04 7.16 (12) bp 7.39 (35) bp
Net Interest Margin 3.01 2.95 6 bp 3.01 0 bp
Reported: Net Interest Margin 3.01 2.95 6 bp 3.01 0 bp
Efficiency Ratio 71.32 68.42 290 bp 69.48 184 bp
Noninterest Inc/ Operating Rev 16.90 17.52 (62) bp 18.80 (190) bp
Balance Sheet Ratios (%)
Loans/ Deposits 89.58 84.22 536 bp 87.31 227 bp
Securities/ Assets 28.76 31.94 (318) bp 28.20 56 bp
Total Equity/ Total Assets 11.20 10.62 58 bp 10.61 59 bp
Tangible Equity/ Tangible Assets 8.76 8.14 62 bp 8.19 57 bp
Tang Common Equity/ Tang Assets 8.76 8.14 62 bp 8.19 57 bp
Asset Quality (%)
NPAs/ Assets 1.66 1.71 (5) bp 1.68 (2) bp
NPA Excl Restructured/ Assets 0.42 0.36 6 bp 0.41 1 bp
NPAs & 90+ PD/ Assets 1.66 1.75 (9) bp 1.69 (3) bp
NPAs/ Loans & REO 2.62 2.81 (19) bp 2.75 (13) bp
Nonaccrual & 90+ & OREO/ Assets 0.43 0.40 3 bp 0.42 1 bp
NPAs & 90+ PD/ Loans & REO 2.62 2.87 (25) bp 2.76 (14) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 18.47 20.85 (238) bp 20.03 (156) bp
NCOs/ Avg Loans 0 (0.04) 4 bp 0.02 (2) bp
Loan Loss Reserves/ Gross Loans 0.73 0.75 (2) bp 0.74 (1) bp
Reserves/ NPAs 28.03 26.65 138 bp 27 103 bp
Loan Loss Provision/ NCO 309.09 NM NM 510.45 (20,136) bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) NA 151,168 NA 154,705 NA
Tier 1 Capital($000) NA 151,168 NA 154,705 NA
Tier 2 Capital($000) NA 8,200 NA 8,375 NA
Total Capital($000) NA 159,368 NA 163,080 NA
Total Risk-weighted Assets($000) NA 1,224,579 NA 1,229,769 NA
Tier 1 Common Capital (CET1) Ratio(%) 12.45 12.34 11 bp 12.58 (13) bp
Tier 1 Ratio(%) 12.45 12.34 11 bp 12.58 (13) bp
Total Capital Ratio(%) 13.12 13.01 11 bp 13.26 (14) bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 8.91 8.69 22 bp 8.72 19 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 7,892,214 7,866,636 0.33 7,854,296 1.93
Avg Diluted Shares(actual) 8,088,341 8,073,218 0.19 8,022,727 3.27
Basic Book Value per Share 25.65 24.29 5.60 24.89 12.21
Book Value per Share, As Reported 25.65 24.21 5.95 NA NA
Basic Tangible Book Value per Share 19.51 18.12 7.67 18.72 16.88
Common Dividends Declared per Share 0.26 0.26 0 0.26 0
EPS after Extra 0.43 0.43 0 0.44 (9.09)
EPS after Extra Growth(%) 0 10.30 (1,026) bp 29.40 (2,941) bp
Core EPS 0.43 0.43 0 0.44 (9.09)
Core EPS Growth(%) (0.20) 10.20 (1,040) bp 15.70 (1,588) bp
Diluted EPS before Amortization 0.43 0.43 0 0.44 (9.09)
Pre-Provision Earnings per Share 0.38 0.40 (5) 0.43 (46.51)

   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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