Financial Highlights

Financial Highlights
2017 FQ1
3/31/2017
2016 FQ1
3/31/2016
Y-Y Ch (%)
2016 FQ4
12/31/2016
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 894,720 891,649 0.34 930,935 (15.56)
Total Net Loans 493,530 505,179 (2.31) 505,551 (9.51)
Total Deposits 693,964 688,658 0.77 727,445 (18.41)
Equity Attributable to Parent Company 82,901 79,979 3.65 79,917 14.94
Total Equity 82,901 79,979 3.65 79,917 14.94
Profitability (%)
Net Income($000) 2,132 2,354 (9.43) 2,111 3.98
Net Income Attributable to Parent($000) 2,132 2,354 (9.43) 2,111 3.98
ROAA 0.94 1.08 (14) bp 0.91 3 bp
Core ROAA 0.95 1.09 (14) bp 0.91 4 bp
ROAE 10.48 11.67 (119) bp 10.23 25 bp
ROATCE 11.12 13.60 (248) bp 10.87 25 bp
Core ROAE 10.61 11.80 (119) bp 10.24 37 bp
Net Interest Margin 3.01 3.13 (12) bp 3.04 (3) bp
Reported: Net Interest Margin 2.93 3.01 (8) bp 2.90 3 bp
Efficiency Ratio 65.92 63.13 279 bp 66.76 (84) bp
Noninterest Inc/ Operating Rev 43.24 39.69 355 bp 44.53 (129) bp
Balance Sheet Ratios (%)
Loans/ Deposits 72.37 74.62 (225) bp 70.63 174 bp
Securities/ Assets 36.43 34.34 209 bp 35.74 69 bp
Total Equity/ Total Assets 9.27 8.97 30 bp 8.58 69 bp
Tangible Equity/ Tangible Assets 8.89 8.57 32 bp 8.21 68 bp
Tang Common Equity/ Tang Assets 8.89 8.57 32 bp 8.21 68 bp
Asset Quality (%)
NPAs/ Assets 0.85 0.71 14 bp 1.22 (37) bp
NPA Excl Restructured/ Assets 0.85 0.40 45 bp 0.46 39 bp
NPAs & 90+ PD/ Assets 0.85 0.75 10 bp 1.23 (38) bp
NPAs/ Loans & REO 1.50 1.23 27 bp 2.21 (71) bp
Nonaccrual & 90+ & OREO/ Assets 0.85 0.44 41 bp 0.46 39 bp
NPAs & 90+ PD/ Loans & REO 1.51 1.29 22 bp 2.22 (71) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 8.63 7.83 80 bp 13.51 (488) bp
NCOs/ Avg Loans (0.02) 0.01 (3) bp 0.31 (33) bp
Loan Loss Reserves/ Gross Loans 1.74 1.71 3 bp 1.63 11 bp
Reserves/ NPAs 115.28 139.46 (2,418) bp 73.31 4,197 bp
Loan Loss Provision/ NCO NM NM NM 37.78 NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 77,963 70,710 10.26 76,363 8.38
Tier 1 Capital($000) 87,963 80,710 8.99 86,363 7.41
Tier 2 Capital($000) 7,903 7,917 (0.18) 7,727 9.11
Total Capital($000) 95,866 88,627 8.17 94,090 7.55
Total Risk-weighted Assets($000) 631,429 632,489 631,429 617,551 631,429
Tier 1 Common Capital (CET1) Ratio(%) 12.35 11.18 117 bp 12.37 (2) bp
Tier 1 Ratio(%) 13.93 12.76 117 bp 13.98 (5) bp
Total Capital Ratio(%) 15.18 14.01 117 bp 15.24 (6) bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.76 9.26 50 bp 9.34 42 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 3,085,986 3,079,521 0.21 3,085,986 0
Avg Diluted Shares(actual) 3,085,986 3,079,521 0.21 3,082,754 0.42
Basic Book Value per Share 26.86 25.97 3.43 25.90 14.83
As-reported Book Value per Share 26.42 24.12 9.54 25.87 8.50
Basic Tangible Book Value per Share 25.66 24.71 3.84 24.66 16.22
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 0.69 0.76 (9.21) 0.69 0
EPS after Extra Growth(%) (9.20) 15.20 (2,436) bp (1.40) (778) bp
Core EPS 0.70 0.77 (9.09) 0.69 5.80
Core EPS Growth(%) (9.10) 22.20 (3,133) bp (0.80) (828) bp
Diluted EPS before Amortization 0.70 0.77 (9.09) 0.71 (5.63)
Pre-Provision Earnings per Share 0.74 0.75 (1.33) 0.77 (15.58)

   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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