Financial Highlights

Financial Highlights
2018 FQ1
3/31/2018
2017 FQ1
3/31/2017
Y-Y Ch (%)
2017 FQ4
12/31/2017
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 736,776 663,610 11.03 745,427 (4.64)
Total Net Loans 485,171 465,243 4.28 482,248 2.42
Total Deposits 652,791 589,293 10.78 662,657 (5.96)
Equity Attributable to Parent Company 57,291 50,536 13.37 55,700 11.43
Total Equity 57,291 50,536 13.37 55,700 11.43
Profitability (%)
Net Income($000) 3,280 2,064 58.91 1,136 754.93
Net Income Attributable to Parent($000) 3,280 2,064 58.91 1,136 754.93
ROAA 1.79 1.24 55 bp 0.62 117 bp
Core ROAA 1.71 1.25 46 bp 1.43 28 bp
ROAE 23.23 16.65 658 bp 8.17 1,506 bp
ROATCE 23.28 16.68 660 bp 8.19 1,509 bp
Core ROAE 22.12 16.74 538 bp 19.04 308 bp
Net Interest Margin 4.46 4.24 22 bp 4.28 18 bp
Reported: Net Interest Margin 4.52 4.30 22 bp 4.28 24 bp
Efficiency Ratio 55.04 59 (396) bp 55.23 (19) bp
Noninterest Inc/ Operating Rev 23.58 24.08 (50) bp 19.62 396 bp
Balance Sheet Ratios (%)
Loans/ Deposits 74.84 79.20 (436) bp 73.69 115 bp
Securities/ Assets 20.48 17.08 340 bp 18.80 168 bp
Total Equity/ Total Assets 7.78 7.62 16 bp 7.47 31 bp
Tangible Equity/ Tangible Assets 7.77 7.60 17 bp 7.46 31 bp
Tang Common Equity/ Tang Assets 7.77 7.60 17 bp 7.46 31 bp
Asset Quality (%)
NPAs/ Assets 0.43 0.97 (54) bp 0.50 (7) bp
NPA Excl Restructured/ Assets 0.28 0.57 (29) bp 0.35 (7) bp
NPAs & 90+ PD/ Assets 0.44 0.97 (53) bp 0.74 (30) bp
NPAs/ Loans & REO 0.64 1.37 (73) bp 0.76 (12) bp
Nonaccrual & 90+ & OREO/ Assets 0.29 0.57 (28) bp 0.59 (30) bp
NPAs & 90+ PD/ Loans & REO 0.65 1.37 (72) bp 1.12 (47) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 5.06 11.29 (623) bp 8.83 (377) bp
NCOs/ Avg Loans 0.20 0.01 19 bp 0.13 7 bp
Loan Loss Reserves/ Gross Loans 1.35 1.43 (8) bp 1.36 (1) bp
Loan Loss Provision/ NCO 80.97 NM NM 0 8,097 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) 5,082,676 4,926,860 3.16 5,064,972 1.40
Avg Diluted Shares(actual) 5,208,000 5,164,000 0.85 5,200,000 0.62
Basic Book Value per Share 11.27 10.26 9.84 11 9.82
As-reported Book Value per Share 11.27 10.26 9.84 11 9.82
Basic Tangible Book Value per Share 11.26 10.24 9.96 10.98 10.20
Reported: Tangible Book Value 11.26 10.24 9.96 10.98 10.20
EPS after Extra 0.63 0.40 57.50 0.22 745.45
EPS after Extra Growth(%) 57.50 29 2,847 bp (46.30) 10,384 bp
Core EPS 0.60 0.40 50 0.51 70.59
Core EPS Growth(%) 49.10 28.10 2,101 bp 25.10 2,401 bp
Diluted EPS before Amortization 0.63 0.40 57.50 0.22 745.45
Pre-Provision Earnings per Share 0.67 0.44 52.27 0.53 105.66

   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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