Financial Highlights

Financial Highlights
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Balance Sheet ($000)
Total Assets 1,114,595 1,047,079 900,935 781,302 729,497
Total Net Loans 890,855 816,783 703,542 617,861 540,958
Total Deposits 944,223 880,441 776,806 664,674 622,954
Equity Attributable to Parent Company 128,390 115,028 78,556 71,400 66,661
Total Equity 128,390 115,028 78,556 71,400 66,661
Profitability (%)
Net Income($000) 13,196 11,415 8,873 7,988 8,128
Net Income Attributable to Parent($000) 13,196 11,415 8,873 7,988 8,128
ROAA 1.20 1.16 1.05 1.05 1.19
Core ROAA 1.21 1.17 1.09 1.03 1.10
ROAE 10.80 13.54 11.81 11.43 12.90
ROATCE 11.03 NA 11.88 11.50 12.99
Core ROAE 10.87 13.60 12.27 11.25 11.98
Net Interest Margin 3.92 3.90 3.87 3.94 4.02
Reported: Net Interest Margin 3.94 3.90 3.87 3.94 4.02
Efficiency Ratio 63.27 62.45 61.42 62.78 61.61
Noninterest Inc/ Operating Rev 16.25 12.88 11.96 10.80 10.69
Balance Sheet Ratios (%)
Loans/ Deposits 95.21 93.63 91.36 93.78 87.76
Securities/ Assets 12.96 13.91 13.84 14.26 16.89
Total Equity/ Total Assets 11.52 10.99 8.72 9.14 9.14
Tangible Equity/ Tangible Assets 11.35 10.86 8.68 9.09 9.09
Tang Common Equity/ Tang Assets 11.35 10.86 8.68 9.09 9.09
Asset Quality (%)
NPAs/ Assets 0.20 0.20 0.40 0.60 0.95
NPA Excl Restructured/ Assets 0.17 0.17 0.21 0.36 0.35
NPAs & 90+ PD/ Assets 0.24 0.21 0.40 0.60 1.14
NPAs/ Loans & REO 0.24 0.25 0.50 0.75 1.26
Nonaccrual & 90+ & OREO/ Assets 0.21 0.18 0.21 0.36 0.55
NPAs & 90+ PD/ Loans & REO 0.30 0.27 0.50 0.75 1.52
NPA & Loans 90+/ Tangible Common Equity + LLR 1.99 1.81 4.25 6.13 11.58
NCOs/ Avg Loans 0.03 0.02 0.09 0.11 0.08
Loan Loss Reserves/ Gross Loans 0.97 0.92 0.88 0.91 1.05
Reserves/ NPAs 398.68 361.10 173.69 121.26 82.74
Loan Loss Provision/ NCO 535.71 NM 192.44 97.43 192.41
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 125,184 115,399 78,354 71,723 65,447
Tier 1 Capital($000) 125,184 115,399 78,354 71,723 65,447
Tier 2 Capital($000) 14,227 13,007 11,685 11,159 11,176
Total Capital($000) 139,411 128,406 90,039 82,882 76,623
Total Risk-weighted Assets($000) 910,807 837,511 725,244 629,694 547,834
Tier 1 Common Capital (CET1) Ratio(%) 13.74 13.78 10.80 11.39 11.95
Tier 1 Ratio(%) 13.74 13.78 10.80 11.39 11.95
Total Capital Ratio(%) 15.31 15.33 12.42 13.16 13.99
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 11.04 11.14 8.71 9.14 9.20
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 2,020,273 2,015,276 1,610,628 1,583,228 1,564,581
Avg Diluted Shares(actual) 2,045,891 1,709,333 1,641,554 1,608,218 1,585,879
Basic Book Value per Share 63.55 57.08 48.77 45.10 42.61
Book Value per Share, As Reported 63.55 57.08 48.77 45.10 42.61
Basic Tangible Book Value per Share 62.49 56.33 48.51 44.83 42.34
Tangible Book Value per Share, As Reported 62.49 56.33 48.51 44.83 42.40
Common Dividends Declared per Share 2.08 1.89 1.72 1.55 1.47
EPS after Extra 6.45 6.68 5.40 4.97 5.13
EPS after Extra Growth(%) (3.40) 23.70 8.70 (3.10) 32.60
Core EPS 6.49 6.71 5.61 4.89 4.76
Core EPS Growth(%) (3.30) 19.70 14.70 2.70 24.90
Diluted EPS before Amortization 6.50 NA 5.40 4.97 5.13
Pre-Provision Earnings per Share 6.80 7.17 5.43 4.68 4.49
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