Financial Highlights

Financial Highlights
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
2014 FY
12/31/2014
Balance Sheet ($000)
Total Assets 933,058 805,836 787,972 725,644 663,169
Total Net Loans 579,419 593,123 561,931 505,663 446,824
Total Deposits 805,643 687,693 676,629 621,805 565,373
Equity Attributable to Parent Company 109,240 101,352 96,654 89,635 82,826
Total Equity 109,240 101,352 96,654 89,635 82,826
Profitability (%)
Net Income($000) 14,017 8,640 7,385 6,810 6,216
Net Income Attributable to Parent($000) 14,017 8,640 7,385 6,810 6,216
ROAA 1.61 1.07 0.98 0.98 0.93
Core ROAA 1.59 1.20 0.99 0.97 0.86
ROAE 13.23 8.63 7.88 7.88 7.80
ROATCE 13.82 9.03 8.28 8.31 8.32
Core ROAE 13.14 9.61 7.97 7.83 7.27
Net Interest Margin 4.27 4.27 4.11 4.22 4.01
Reported: Net Interest Margin 4.28 4.27 4.11 4.22 4.01
Efficiency Ratio 54.14 56.20 61.26 61.62 66.22
Noninterest Inc/ Operating Rev 11.68 12.12 13.86 15.16 15.84
Balance Sheet Ratios (%)
Loans/ Deposits 72.96 87.60 84.36 82.88 80.94
Securities/ Assets 7.51 5.67 NA NA 7.97
Total Equity/ Total Assets 11.71 12.58 12.27 12.35 12.49
Tangible Equity/ Tangible Assets 11.28 12.09 11.76 11.81 11.89
Tang Common Equity/ Tang Assets 11.28 12.09 11.76 11.81 11.89
Asset Quality (%)
NPAs/ Assets 2.32 2.13 2.40 4.42 4.46
NPA Excl Restructured/ Assets 1.91 1.37 1.74 2.90 3.61
NPAs & 90+ PD/ Assets 2.32 2.19 2.55 4.42 4.46
NPAs/ Loans & REO 3.64 2.82 3.27 6.08 6.27
Nonaccrual & 90+ & OREO/ Assets 1.91 1.43 1.90 2.90 3.61
NPAs & 90+ PD/ Loans & REO 3.64 2.90 3.49 6.08 6.27
NPA & Loans 90+/ Tangible Common Equity + LLR 19.12 16.59 19.92 33.83 33.20
NCOs/ Avg Loans (0.15) (0.06) 0.15 0.21 (0.15)
Loan Loss Reserves/ Gross Loans 1.43 1.54 1.56 1.88 2.35
Reserves/ NPAs 38.81 54.11 47.15 30.26 36.41
Loan Loss Provision/ NCO NM NM (2.66) (4.03) NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 105,157 97,313 92,600 85,237 75,584
Tier 1 Capital($000) 114,848 107,043 100,968 93,073 85,234
Tier 2 Capital($000) 8,677 8,222 7,900 7,586 NA
Total Capital($000) 123,525 115,265 108,868 100,659 91,935
Total Risk-weighted Assets($000) 694,106 657,076 630,790 604,518 531,696
Tier 1 Common Capital (CET1) Ratio(%) 15.15 14.81 14.68 14.10 14.22
Tier 1 Ratio(%) 16.55 16.29 16.01 15.40 16.03
Total Capital Ratio(%) 17.80 17.54 17.26 16.65 17.29
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 12.15 13.01 12.97 12.95 12.49
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 16,946,622 16,885,615 16,705,594 16,870,189 16,870,189
Avg Diluted Shares(actual) 16,938,772 16,904,915 16,889,028 16,882,787 16,692,646
Basic Book Value per Share 6.45 6 5.79 5.31 4.91
Book Value per Share, As Reported 6.45 6 5.79 5.32 4.92
Basic Tangible Book Value per Share 6.18 5.74 5.52 5.05 4.64
Tangible Book Value per Share, As Reported NA NA 5.52 5.05 4.63
Common Dividends Declared per Share 0.39 0.24 0 0 0
EPS after Extra 0.83 0.51 0.44 0.40 0.37
EPS after Extra Growth(%) 62.70 15.90 10 7.80 (13.80)
Core EPS 0.82 0.57 0.44 0.40 0.35
Core EPS Growth(%) 45.10 27.70 11.90 15 (21)
Diluted EPS before Amortization 0.83 0.51 0.44 0.40 0.37
Pre-Provision Earnings per Share 0.82 0.60 0.48 0.43 0.34
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