Financial Highlights

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 831,377 736,776 12.84 824,398 3.39
Total Net Loans 569,778 485,171 17.44 562,498 5.18
Total Deposits 730,923 652,791 11.97 726,565 2.40
Equity Attributable to Parent Company 72,707 57,291 26.91 66,932 34.51
Total Equity 72,707 57,291 26.91 66,932 34.51
Profitability (%)
Net Income($000) 3,818 3,280 16.40 3,570 27.79
Net Income Attributable to Parent($000) 3,818 3,280 16.40 3,570 27.79
ROAA 1.84 1.79 5 bp 1.79 5 bp
Core ROAA 1.87 1.71 16 bp 1.80 7 bp
ROAE 21.94 23.23 (129) bp 22.09 (15) bp
ROATCE 22.62 23.28 (66) bp 22.41 21 bp
Core ROAE 22.25 22.12 13 bp 22.19 6 bp
Net Interest Margin 4.89 4.46 43 bp 4.73 16 bp
Reported: Net Interest Margin 4.95 4.52 43 bp 4.73 22 bp
Efficiency Ratio 49.34 55.04 (570) bp 51.37 (203) bp
Noninterest Inc/ Operating Rev 17.31 23.58 (627) bp 17.03 28 bp
Balance Sheet Ratios (%)
Loans/ Deposits 78.76 74.84 392 bp 78.20 56 bp
Securities/ Assets 21.20 20.48 72 bp 21.17 3 bp
Total Equity/ Total Assets 8.75 7.78 97 bp 8.12 63 bp
Tangible Equity/ Tangible Assets 8.62 7.77 85 bp 7.99 63 bp
Tang Common Equity/ Tang Assets 8.62 7.77 85 bp 7.99 63 bp
Asset Quality (%)
NPAs/ Assets 0.45 0.43 2 bp 0.41 4 bp
NPA Excl Restructured/ Assets 0.33 0.28 5 bp 0.28 5 bp
NPAs & 90+ PD/ Assets 0.45 0.44 1 bp 0.41 4 bp
NPAs/ Loans & REO 0.64 0.64 0 bp 0.59 5 bp
Nonaccrual & 90+ & OREO/ Assets 0.33 0.29 4 bp 0.28 5 bp
NPAs & 90+ PD/ Loans & REO 0.64 0.65 (1) bp 0.59 5 bp
NPA & Loans 90+/ Tangible Common Equity + LLR 4.72 5.06 (34) bp 4.59 13 bp
NCOs/ Avg Loans 0.21 0.20 1 bp 0.06 15 bp
Loan Loss Reserves/ Gross Loans 1.23 1.35 (12) bp 1.22 1 bp
Loan Loss Provision/ NCO 137.46 80.97 5,649 bp 227.27 (8,981) 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($000) NA NA NA NA NA
Tier 1 Common Capital (CET1) Ratio(%) NA NA NA NA NA
Tier 1 Ratio(%) NA NA NA NA NA
Total Capital Ratio(%) NA NA NA NA NA
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) NA NA NA NA NA
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 5,150,876 5,082,676 1.34 5,137,476 1.04
Avg Diluted Shares(actual) 5,225,000 5,208,000 0.33 5,222,000 0.23
Basic Book Value per Share 14.12 11.27 25.29 13.03 33.46
Book Value per Share, As Reported 14.12 11.27 25.29 13.03 33.46
Basic Tangible Book Value per Share 13.90 11.26 23.45 12.80 34.37
Tangible Book Value per Share, As Reported 13.90 11.26 23.45 12.80 34.37
EPS after Extra 0.73 0.63 15.87 0.68 29.41
EPS after Extra Growth(%) 15.90 57.50 (4,163) bp 209.10 (19,322) bp
Core EPS 0.74 0.60 23.33 0.68 35.29
Core EPS Growth(%) 23.50 49.10 (2,564) bp 33.20 (978) bp
Diluted EPS before Amortization 0.74 0.63 17.46 0.68 35.29
Pre-Provision Earnings per Share 0.86 0.67 28.36 0.76 52.63

   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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