Financial Highlights

Financial Highlights
2017 FQ2
6/30/2017
2016 FQ2
6/30/2016
Y-Y Ch (%)
2017 FQ1
3/31/2017
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 949,278 885,048 7.26 894,720 24.39
Total Net Loans 489,366 508,054 (3.68) 493,530 (3.37)
Total Deposits 767,050 680,256 12.76 693,964 42.13
Equity Attributable to Parent Company 86,513 83,299 3.86 82,901 17.43
Total Equity 86,513 83,299 3.86 82,901 17.43
Profitability (%)
Net Income($000) 2,052 2,394 (14.29) 2,132 (15.01)
Net Income Attributable to Parent($000) 2,052 2,394 (14.29) 2,132 (15.01)
ROAA 0.89 1.09 (20) bp 0.94 (5) bp
Core ROAA 0.91 0.96 (5) bp 0.95 (4) bp
ROAE 9.69 11.73 (204) bp 10.48 (79) bp
ROATCE 10.27 12.46 (219) bp 11.12 (85) bp
Core ROAE 9.82 10.31 (49) bp 10.61 (79) bp
Net Interest Margin 3.13 3.14 (1) bp 3.01 12 bp
Reported: Net Interest Margin 3.02 3.02 0 bp 2.93 9 bp
Efficiency Ratio 66.47 66.34 13 bp 65.92 55 bp
Noninterest Inc/ Operating Rev 37.61 38.23 (62) bp 43.24 (563) bp
Balance Sheet Ratios (%)
Loans/ Deposits 64.96 75.99 (1,103) bp 72.37 (741) bp
Securities/ Assets 37.83 34.20 363 bp 36.43 140 bp
Total Equity/ Total Assets 9.11 9.41 (30) bp 9.27 (16) bp
Tangible Equity/ Tangible Assets 8.76 9.02 (26) bp 8.89 (13) bp
Tang Common Equity/ Tang Assets 8.76 9.02 (26) bp 8.89 (13) bp
Asset Quality (%)
NPAs/ Assets 0.98 0.72 26 bp 0.85 13 bp
NPA Excl Restructured/ Assets 0.98 0.67 31 bp 0.85 13 bp
NPAs & 90+ PD/ Assets 0.99 0.73 26 bp 0.85 14 bp
NPAs/ Loans & REO 1.87 1.23 64 bp 1.50 37 bp
Nonaccrual & 90+ & OREO/ Assets 0.99 0.68 31 bp 0.85 14 bp
NPAs & 90+ PD/ Loans & REO 1.89 1.24 65 bp 1.51 38 bp
NPA & Loans 90+/ Tangible Common Equity + LLR 10.26 7.26 300 bp 8.63 163 bp
NCOs/ Avg Loans 0.03 0.03 0 bp (0.02) 5 bp
Loan Loss Reserves/ Gross Loans 1.81 1.73 8 bp 1.74 7 bp
Reserves/ NPAs 96.83 140.32 (4,349) bp 115.28 (1,845) bp
Loan Loss Provision/ NCO NM 394.74 NM NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 79,670 72,730 9.54 77,963 8.76
Tier 1 Capital($000) 89,670 82,730 8.39 87,963 7.76
Tier 2 Capital($000) 7,704 7,641 0.82 7,903 (10.07)
Total Capital($000) 97,374 90,371 7.75 95,866 6.29
Total Risk-weighted Assets($000) 610,147 610,016 610,147 631,429 610,147
Tier 1 Common Capital (CET1) Ratio(%) 13.06 11.92 114 bp 12.35 71 bp
Tier 1 Ratio(%) 14.70 13.56 114 bp 13.93 77 bp
Total Capital Ratio(%) 15.96 14.81 115 bp 15.18 78 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.81 9.46 35 bp 9.76 5 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 3,087,488 3,085,986 0.05 3,085,986 0.19
Avg Diluted Shares(actual) 3,086,737 3,082,754 0.13 3,085,986 0.10
Basic Book Value per Share 28.02 26.99 3.82 26.86 17.27
As-reported Book Value per Share 26.95 24.76 8.84 26.42 8.02
Basic Tangible Book Value per Share 26.83 25.75 4.19 25.66 18.24
Reported: Tangible Book Value NA NA NA NA NA
Common Dividends Declared per Share 0.14 0.13 7.69 0.14 0
EPS after Extra 0.66 0.78 (15.38) 0.69 (17.39)
EPS after Extra Growth(%) (15.40) 0 (1,538) bp (9.20) (617) bp
Core EPS 0.67 0.69 (2.90) 0.70 (17.14)
Core EPS Growth(%) (2.50) 0.50 (301) bp (9.10) 661 bp
Diluted EPS before Amortization 0.67 0.79 (15.19) 0.70 (17.14)
Pre-Provision Earnings per Share 0.71 0.67 5.97 0.74 (16.22)

   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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