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 917,118 894,720 2.50 942,949 (10.96)
Total Net Loans 482,293 493,530 (2.28) 497,280 (12.06)
Total Deposits 730,076 693,964 5.20 756,833 (14.14)
Equity Attributable to Parent Company 87,695 82,901 5.78 86,266 6.63
Total Equity 87,695 82,901 5.78 86,266 6.63
Profitability (%)
Net Income($000) 2,712 2,132 27.20 1,719 231.06
Net Income Attributable to Parent($000) 2,712 2,132 27.20 1,719 231.06
ROAA 1.17 0.94 23 bp 0.74 43 bp
Core ROAA 1.19 0.95 24 bp 0.95 24 bp
ROAE 12.47 10.48 199 bp 7.93 454 bp
ROATCE 13.17 11.12 205 bp 8.41 476 bp
Core ROAE 12.59 10.61 198 bp 10.22 237 bp
Net Interest Margin 3.11 3.01 10 bp 3.10 1 bp
Reported: Net Interest Margin 3.05 2.93 12 bp 2.99 6 bp
Efficiency Ratio 62.78 65.92 (314) bp 62.32 46 bp
Noninterest Inc/ Operating Rev 39.75 43.24 (349) bp 38.64 111 bp
Balance Sheet Ratios (%)
Loans/ Deposits 67.35 72.37 (502) bp 66.90 45 bp
Securities/ Assets 38.76 36.43 233 bp 39.60 (84) bp
Total Equity/ Total Assets 9.56 9.27 29 bp 9.15 41 bp
Tangible Equity/ Tangible Assets 9.21 8.89 32 bp 8.80 41 bp
Tang Common Equity/ Tang Assets 9.21 8.89 32 bp 8.80 41 bp
Asset Quality (%)
NPAs/ Assets 1.74 0.85 89 bp 0.97 77 bp
NPA Excl Restructured/ Assets 1.03 0.85 18 bp 0.97 6 bp
NPAs & 90+ PD/ Assets 1.75 0.85 90 bp 0.97 78 bp
NPAs/ Loans & REO 3.24 1.50 174 bp 1.80 144 bp
Nonaccrual & 90+ & OREO/ Assets 1.04 0.85 19 bp 0.97 7 bp
NPAs & 90+ PD/ Loans & REO 3.25 1.51 174 bp 1.80 145 bp
NPA & Loans 90+/ Tangible Common Equity + LLR 17.13 8.63 850 bp 9.96 717 bp
NCOs/ Avg Loans 0.05 (0.02) 7 bp 1.05 (100) bp
Loan Loss Reserves/ Gross Loans 1.91 1.74 17 bp 1.80 11 bp
Reserves/ NPAs 58.95 115.28 (5,633) bp 99.85 (4,090) bp
Loan Loss Provision/ NCO 595.24 NM NM 87.79 50,745 bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 84,147 77,963 7.93 81,955 10.70
Tier 1 Capital($000) 94,147 87,963 7.03 91,955 9.54
Tier 2 Capital($000) 7,566 7,903 (4.26) 7,730 (8.49)
Total Capital($000) 101,713 95,866 6.10 99,685 8.14
Total Risk-weighted Assets($000) 603,464 631,429 (4.43) 617,079 (8.83)
Tier 1 Common Capital (CET1) Ratio(%) 13.94 12.35 159 bp 13.28 66 bp
Tier 1 Ratio(%) 15.60 13.93 167 bp 14.90 70 bp
Total Capital Ratio(%) 16.85 15.18 167 bp 16.15 70 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.23 9.76 47 bp 9.94 29 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 3,087,488 3,085,986 0.05 3,087,488 0
Avg Diluted Shares(actual) 3,087,488 3,085,986 0.05 3,087,488 0
Basic Book Value per Share 28.40 26.86 5.73 27.94 6.59
As-reported Book Value per Share 28.40 26.42 7.49 27.67 10.55
Basic Tangible Book Value per Share 27.25 25.66 6.20 26.76 7.32
Reported: Tangible Book Value NA NA NA NA NA
Common Dividends Declared per Share 0.15 0.14 7.14 0.15 0
EPS after Extra 0.88 0.69 27.54 0.56 228.57
EPS after Extra Growth(%) 27.50 (9.20) 3,675 bp (18.80) 4,638 bp
Core EPS 0.89 0.70 27.14 0.72 94.44
Core EPS Growth(%) 27.20 (9.10) 3,626 bp 4.40 2,275 bp
Diluted EPS before Amortization 0.89 0.70 27.14 0.57 224.56
Pre-Provision Earnings per Share 1 0.74 35.14 0.83 81.93

   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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