Financial Highlights

Financial Highlights
2019 FQ2
6/30/2019
2018 FQ2
6/30/2018
Y-Y Ch (%)
2019 FQ1
3/31/2019
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 956,468 936,454 2.14 921,021 15.39
Total Net Loans 476,428 495,345 (3.82) 462,990 11.61
Total Deposits 739,436 734,765 0.64 732,226 3.94
Equity Attributable to Parent Company 100,231 85,035 17.87 94,100 26.06
Total Equity 100,231 85,035 17.87 94,100 26.06
Profitability (%)
Net Income($000) 2,221 1,907 16.47 2,460 (38.86)
Net Income Attributable to Parent($000) 2,221 1,907 16.47 2,460 (38.86)
ROAA 0.97 0.83 14 bp 1.05 (8) bp
Core ROAA 1.22 0.85 37 bp 1.07 15 bp
ROAE 9.14 9.02 12 bp 10.74 (160) bp
ROATCE 9.62 9.58 4 bp 11.31 (169) bp
Core ROAE 11.47 9.18 229 bp 10.88 59 bp
Net Interest Margin 2.96 2.99 (3) bp 2.99 (3) bp
Reported: Net Interest Margin 2.95 2.97 (2) bp 2.94 1 bp
Efficiency Ratio 64.66 57.93 673 bp 61.84 282 bp
Noninterest Inc/ Operating Rev 43.33 40.72 261 bp 42.72 61 bp
Balance Sheet Ratios (%)
Loans/ Deposits 66.33 68.92 (259) bp 65.11 122 bp
Securities/ Assets 37.86 38.51 (65) bp 39.28 (142) bp
Total Equity/ Total Assets 10.48 9.08 140 bp 10.22 26 bp
Tangible Equity/ Tangible Assets 10.17 8.74 143 bp 9.89 28 bp
Tang Common Equity/ Tang Assets 10.17 8.74 143 bp 9.89 28 bp
Asset Quality (%)
NPAs/ Assets 2.17 1.62 55 bp 2.18 (1) bp
NPA Excl Restructured/ Assets 1.52 0.93 59 bp 1.49 3 bp
NPAs & 90+ PD/ Assets 2.18 1.63 55 bp 2.18 0 bp
NPAs/ Loans & REO 4.22 3 122 bp 4.19 3 bp
Nonaccrual & 90+ & OREO/ Assets 1.52 0.94 58 bp 1.49 3 bp
NPAs & 90+ PD/ Loans & REO 4.23 3.01 122 bp 4.19 4 bp
NPA & Loans 90+/ Tangible Common Equity + LLR 18.76 16.47 229 bp 19.18 (42) bp
NCOs/ Avg Loans 0.06 0.29 (23) bp (0.04) 10 bp
Loan Loss Reserves/ Gross Loans 2.89 2.22 67 bp 2.90 (1) bp
Reserves/ NPAs 68.21 73.85 (564) bp 69.08 (87) bp
Loan Loss Provision/ NCO 563.38 602.49 (3,911) bp NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 92,413 85,641 7.91 90,635 7.85
Tier 1 Capital($000) 102,413 95,641 7.08 100,635 7.07
Tier 2 Capital($000) 7,510 7,771 (3.36) 7,404 5.73
Total Capital($000) 109,923 103,412 6.30 108,039 6.98
Total Risk-weighted Assets($000) 594,124 618,220 (3.90) 585,908 5.61
Tier 1 Common Capital (CET1) Ratio(%) 15.55 13.85 170 bp 15.47 8 bp
Tier 1 Ratio(%) 17.24 15.47 177 bp 17.18 6 bp
Total Capital Ratio(%) 18.50 16.73 177 bp 18.44 6 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 11.21 10.45 76 bp 10.79 42 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 3,089,773 3,087,488 0.07 3,089,773 0
Avg Diluted Shares(actual) 3,089,773 3,087,488 0.07 3,075,000 1.92
Basic Book Value per Share 32.44 27.54 17.79 30.46 26
Book Value per Share, As Reported 30.99 28.87 7.34 30.43 7.36
Basic Tangible Book Value per Share 31.36 26.41 18.74 29.36 27.25
Tangible Book Value per Share, As Reported NA NA NA NA NA
Common Dividends Declared per Share 0.16 0.15 6.67 0.16 0
EPS after Extra 0.72 0.62 16.13 0.80 (40)
EPS after Extra Growth(%) 16.10 (6.10) 2,219 bp (9.10) 2,522 bp
Core EPS 0.90 0.63 42.86 0.81 44.44
Core EPS Growth(%) 43.10 (5.60) 4,875 bp (8.70) 5,187 bp
Diluted EPS before Amortization 0.73 0.63 15.87 0.81 (39.51)
Pre-Provision Earnings per Share 1.01 1.16 (12.93) 1.07 (22.43)

   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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