Financial Highlights

Financial Highlights
2018 FQ2
6/30/2018
2017 FQ2
6/30/2017
Y-Y Ch (%)
2018 FQ1
3/31/2018
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 936,454 949,278 (1.35) 917,118 8.43
Total Net Loans 495,345 489,366 1.22 482,293 10.82
Total Deposits 734,765 767,050 (4.21) 730,076 2.57
Equity Attributable to Parent Company 85,035 86,513 (1.71) 87,695 (12.13)
Total Equity 85,035 86,513 (1.71) 87,695 (12.13)
Profitability (%)
Net Income($000) 1,907 2,052 (7.07) 2,712 (118.73)
Net Income Attributable to Parent($000) 1,907 2,052 (7.07) 2,712 (118.73)
ROAA 0.83 0.89 (6) bp 1.17 (34) bp
Core ROAA 0.85 0.91 (6) bp 1.19 (34) bp
ROAE 8.83 9.69 (86) bp 12.47 (364) bp
ROATCE 9.37 10.27 (90) bp 13.17 (380) bp
Core ROAE 8.99 9.82 (83) bp 12.59 (360) bp
Net Interest Margin 2.99 3.13 (14) bp 3.11 (12) bp
Reported: Net Interest Margin 2.97 3.02 (5) bp 3.05 (8) bp
Efficiency Ratio 57.93 66.47 (854) bp 62.78 (485) bp
Noninterest Inc/ Operating Rev 40.72 37.61 311 bp 39.75 97 bp
Balance Sheet Ratios (%)
Loans/ Deposits 68.92 64.96 396 bp 67.35 157 bp
Securities/ Assets 38.51 37.83 68 bp 38.76 (25) bp
Total Equity/ Total Assets 9.08 9.11 (3) bp 9.56 (48) bp
Tangible Equity/ Tangible Assets 8.74 8.76 (2) bp 9.21 (47) bp
Tang Common Equity/ Tang Assets 8.74 8.76 (2) bp 9.21 (47) bp
Asset Quality (%)
NPAs/ Assets 1.62 0.98 64 bp 1.74 (12) bp
NPA Excl Restructured/ Assets 0.93 0.98 (5) bp 1.03 (10) bp
NPAs & 90+ PD/ Assets 1.63 0.99 64 bp 1.75 (12) bp
NPAs/ Loans & REO 3 1.87 113 bp 3.24 (24) bp
Nonaccrual & 90+ & OREO/ Assets 0.94 0.99 (5) bp 1.04 (10) bp
NPAs & 90+ PD/ Loans & REO 3.01 1.89 112 bp 3.25 (24) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 16.47 10.26 621 bp 17.13 (66) bp
NCOs/ Avg Loans 0.29 0.03 26 bp 0.05 24 bp
Loan Loss Reserves/ Gross Loans 2.22 1.81 41 bp 1.91 31 bp
Reserves/ NPAs 73.85 96.83 (2,298) bp 58.95 1,490 bp
Loan Loss Provision/ NCO 602.49 NM NM 595.24 725 bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 85,641 79,670 7.49 84,147 7.10
Tier 1 Capital($000) 95,641 89,670 6.66 94,147 6.35
Tier 2 Capital($000) 7,771 7,704 0.87 7,566 10.84
Total Capital($000) 103,412 97,374 6.20 101,713 6.68
Total Risk-weighted Assets($000) 618,220 610,147 1.32 603,464 9.78
Tier 1 Common Capital (CET1) Ratio(%) 13.85 13.06 79 bp 13.94 (9) bp
Tier 1 Ratio(%) 15.47 14.70 77 bp 15.60 (13) bp
Total Capital Ratio(%) 16.73 15.96 77 bp 16.85 (12) bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.45 9.81 64 bp 10.23 22 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 3,087,488 3,087,488 0 3,087,488 0
Avg Diluted Shares(actual) 3,075,806 3,086,737 (0.35) 3,087,488 (1.51)
Basic Book Value per Share 27.54 28.02 (1.71) 28.40 (12.11)
As-reported Book Value per Share 28.87 26.95 7.12 28.40 6.62
Basic Tangible Book Value per Share 26.41 26.83 (1.57) 27.25 (12.33)
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 0.62 0.66 (6.06) 0.88 (118.18)
EPS after Extra Growth(%) (6.10) (15.40) 932 bp 27.50 (3,360) bp
Core EPS 0.63 0.67 (5.97) 0.89 (116.85)
Core EPS Growth(%) (5.60) (2.50) (313) bp 27.10 (3,278) bp
Diluted EPS before Amortization 0.63 0.67 (5.97) 0.89 (116.85)
Pre-Provision Earnings per Share 1.16 0.71 63.38 1 64

   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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