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Financial Highlights
2015 FY
12/31/2015
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FY
12/31/2018
2019 FQ1 YTD
3/31/2019
Balance Sheet ($000)
Total Assets 390,299 427,927 419,895 439,936 459,363
Total Net Loans 250,454 274,898 290,118 320,953 320,262
Total Deposits 314,205 344,679 332,590 358,944 363,817
Equity Attributable to Parent Company 35,610 35,116 38,476 39,753 41,191
Total Equity 35,610 35,116 38,476 39,753 41,191
Profitability (%)
Net Income($000) 2,712 2,126 3,429 3,363 748
Net Income Attributable to Parent($000) 2,712 2,126 3,429 3,363 748
ROAA 0.71 0.52 0.81 0.77 0.66
Core ROAA 0.71 0.51 0.80 0.79 0.68
ROAE 7.78 5.81 9.22 8.79 7.39
ROATCE 7.82 NA NA 9.59 8.02
Core ROAE 7.75 5.73 9.14 9.07 7.60
Net Interest Margin 3.52 3.56 3.58 3.59 3.72
Reported: Net Interest Margin NA NA NA NA NA
Efficiency Ratio 76.53 82.62 75.75 81.56 83.62
Noninterest Inc/ Operating Rev 18.79 20.68 20.50 24 21.26
Balance Sheet Ratios (%)
Loans/ Deposits 80.40 80.60 88 90.19 88.82
Securities/ Assets 24.95 25.18 22.43 19.77 20.96
Total Equity/ Total Assets 9.12 8.21 9.16 9.04 8.97
Tangible Equity/ Tangible Assets 9.09 7.90 8.65 8.57 8.52
Tang Common Equity/ Tang Assets 9.09 7.90 8.65 8.57 8.52
Asset Quality (%)
NPAs/ Assets 1.54 1.43 1.19 1.15 1.18
NPA Excl Restructured/ Assets 0.74 0.67 0.39 0.51 0.52
NPAs & 90+ PD/ Assets 1.54 1.50 1.29 1.18 1.19
NPAs/ Loans & REO 2.37 2.19 1.70 1.56 1.68
Nonaccrual & 90+ & OREO/ Assets 0.74 0.75 0.49 0.54 0.53
NPAs & 90+ PD/ Loans & REO 2.37 2.31 1.84 1.59 1.69
NPA & Loans 90+/ Tangible Common Equity + LLR 15.61 17.45 13.78 12.76 13.04
NCOs/ Avg Loans 0.14 0.14 0.07 0.06 0
Loan Loss Reserves/ Gross Loans 1.22 1.15 1.09 0.94 0.94
Reserves/ NPAs 51.26 52.29 64.04 59.96 55.88
Loan Loss Provision/ NCO 127.60 132.23 104.76 0 NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 34,837 34,510 36,051 38,390 38,879
Tier 1 Capital($000) 34,837 34,510 36,051 38,390 38,879
Tier 2 Capital($000) 3,082 3,199 3,208 3,032 3,033
Total Capital($000) 37,919 37,709 39,259 41,422 41,912
Total Risk-weighted Assets($000) 259,516 293,999 297,627 323,240 325,761
Tier 1 Common Capital (CET1) Ratio(%) 13.42 11.74 12.11 11.88 11.93
Tier 1 Ratio(%) 13.42 11.74 12.11 11.88 11.93
Total Capital Ratio(%) 14.61 12.83 13.19 12.81 12.87
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 8.98 8.06 8.61 8.69 8.61
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 1,313,228 1,312,106 1,316,963 1,322,286 1,322,534
Avg Diluted Shares(actual) 1,321,931 1,312,667 1,315,431 1,320,586 1,322,410
Basic Book Value per Share 27.12 26.76 29.22 30.06 31.15
Book Value per Share, As Reported 27.10 26.73 29.19 30.02 31.15
Basic Tangible Book Value per Share 26.99 25.69 27.42 28.36 29.45
Tangible Book Value per Share, As Reported NA NA NA NA NA
Common Dividends Declared per Share 0.84 0.84 0.86 0.86 0.22
EPS after Extra 2.05 1.62 2.61 2.55 0.57
EPS after Extra Growth(%) 2.60 (21.10) 60.90 (2.30) (5.90)
Core EPS 2.04 1.60 2.58 2.63 0.58
Core EPS Growth(%) 3.20 (21.90) 61.90 1.70 (6)
Diluted EPS before Amortization 2.05 NA NA 2.63 0.58
Pre-Provision Earnings per Share 1.71 1.34 2.17 2.13 0.47
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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