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Financial Highlights
2014 FY
12/31/2014
2015 FY
12/31/2015
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FQ3 YTD
9/30/2018
Balance Sheet ($000)
Total Assets 389,119 390,299 427,927 419,895 450,427
Total Net Loans 236,782 250,454 274,898 290,118 315,701
Total Deposits 312,663 314,205 344,679 332,590 374,364
Equity Attributable to Parent Company 34,441 35,610 35,116 38,476 38,179
Total Equity 34,441 35,610 35,116 38,476 38,179
Profitability (%)
Net Income($000) 2,664 2,712 2,126 3,429 2,482
Net Income Attributable to Parent($000) 2,664 2,712 2,126 3,429 2,482
ROAA 0.69 0.71 0.52 0.81 0.76
Core ROAA 0.68 0.71 0.51 0.80 0.79
ROAE 8 7.78 5.81 9.22 8.71
ROATCE 8.04 7.82 NA NA 9.50
Core ROAE 7.92 7.75 5.73 9.14 9.01
Net Interest Margin 3.48 3.52 3.56 3.58 3.63
Reported: Net Interest Margin NA NA NA NA NA
Efficiency Ratio 73.25 76.53 82.62 75.75 81.41
Noninterest Inc/ Operating Rev 16.93 18.79 20.68 20.50 23.45
Balance Sheet Ratios (%)
Loans/ Deposits 76.51 80.40 80.60 88 85.15
Securities/ Assets 26.77 24.95 25.18 22.43 19.21
Total Equity/ Total Assets 8.85 9.12 8.21 9.16 8.48
Tangible Equity/ Tangible Assets 8.81 9.09 7.90 8.65 8.01
Tang Common Equity/ Tang Assets 8.81 9.09 7.90 8.65 8.01
Asset Quality (%)
NPAs/ Assets 1.64 1.54 1.43 1.19 1.08
NPA Excl Restructured/ Assets 0.85 0.74 0.67 0.39 0.40
NPAs & 90+ PD/ Assets 1.65 1.54 1.50 1.29 1.10
NPAs/ Loans & REO 2.66 2.37 2.19 1.70 1.52
Nonaccrual & 90+ & OREO/ Assets 0.86 0.74 0.75 0.49 0.42
NPAs & 90+ PD/ Loans & REO 2.67 2.37 2.31 1.84 1.55
NPA & Loans 90+/ Tangible Common Equity + LLR 17.22 15.61 17.45 13.78 12.70
NCOs/ Avg Loans 0.25 0.14 0.14 0.07 0.06
Loan Loss Reserves/ Gross Loans 1.25 1.22 1.15 1.09 0.97
Reserves/ NPAs 46.75 51.26 52.29 64.04 63.48
Loan Loss Provision/ NCO 101.18 127.60 132.23 104.76 0
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 33,457 34,837 34,510 36,051 37,476
Tier 1 Capital($000) 33,457 34,837 34,510 36,051 37,476
Tier 2 Capital($000) NA 3,082 3,199 3,208 3,080
Total Capital($000) 36,439 37,919 37,709 39,259 40,556
Total Risk-weighted Assets($000) 238,544 259,516 293,999 297,627 319,855
Tier 1 Common Capital (CET1) Ratio(%) 14.03 13.42 11.74 12.11 11.72
Tier 1 Ratio(%) 14.03 13.42 11.74 12.11 11.72
Total Capital Ratio(%) 15.28 14.61 12.83 13.19 12.68
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 8.62 8.98 8.06 8.61 8.49
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 1,331,385 1,313,228 1,312,106 1,316,963 1,322,042
Avg Diluted Shares(actual) 1,333,200 1,321,931 1,312,667 1,315,431 1,320,010
Basic Book Value per Share 25.87 27.12 26.76 29.22 28.88
Book Value per Share, As Reported 25.85 27.10 26.73 29.19 28.88
Basic Tangible Book Value per Share 25.75 26.99 25.69 27.42 27.15
Tangible Book Value per Share, As Reported NA NA NA NA NA
Common Dividends Declared per Share 0.84 0.84 0.84 0.86 0.86
EPS after Extra 2 2.05 1.62 2.61 1.88
EPS after Extra Growth(%) 13 2.60 (21.10) 60.90 (2.20)
Core EPS 1.98 2.04 1.60 2.58 1.95
Core EPS Growth(%) 18 3.20 (21.90) 61.90 1.70
Diluted EPS before Amortization 2 2.05 NA NA 1.94
Pre-Provision Earnings per Share 1.78 1.71 1.34 2.17 1.59
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.

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