Financial Highlights

Financial Highlights
2018 FQ4
12/31/2018
2017 FQ4
12/31/2017
Y-Y Ch (%)
2018 FQ3
9/30/2018
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 930,044 942,949 (1.37) 986,969 (23.07)
Total Net Loans 468,031 497,280 (5.88) 477,946 (8.30)
Total Deposits 733,435 756,833 (3.09) 776,089 (21.98)
Equity Attributable to Parent Company 89,147 86,266 3.34 89,496 (1.56)
Total Equity 89,147 86,266 3.34 89,496 (1.56)
Profitability (%)
Net Income($000) 2,959 1,719 72.13 804 1,072.14
Net Income Attributable to Parent($000) 2,959 1,719 72.13 804 1,072.14
ROAA 1.26 0.74 52 bp 0.32 94 bp
Core ROAA 1.27 0.95 32 bp 0.34 93 bp
ROAE 13.25 7.93 532 bp 3.69 956 bp
ROATCE 13.94 8.41 553 bp 4 994 bp
Core ROAE 13.40 10.21 319 bp 3.84 956 bp
Net Interest Margin 3.07 3.10 (3) bp 2.99 8 bp
Reported: Net Interest Margin 3 2.99 1 bp 2.89 11 bp
Efficiency Ratio 61.85 62.32 (47) bp 60.11 174 bp
Noninterest Inc/ Operating Rev 39.31 38.64 67 bp 38.55 76 bp
Balance Sheet Ratios (%)
Loans/ Deposits 65.55 66.90 (135) bp 63.47 208 bp
Securities/ Assets 38.67 39.60 (93) bp 37.04 163 bp
Total Equity/ Total Assets 9.59 9.15 44 bp 9.07 52 bp
Tangible Equity/ Tangible Assets 9.25 8.80 45 bp 8.75 50 bp
Tang Common Equity/ Tang Assets 9.25 8.80 45 bp 8.75 50 bp
Asset Quality (%)
NPAs/ Assets 2.22 0.97 125 bp 2.32 (10) bp
NPA Excl Restructured/ Assets 1.53 0.97 56 bp 1.67 (14) bp
NPAs & 90+ PD/ Assets 2.22 0.97 125 bp 2.32 (10) bp
NPAs/ Loans & REO 4.27 1.80 247 bp 4.63 (36) bp
Nonaccrual & 90+ & OREO/ Assets 1.53 0.97 56 bp 1.67 (14) bp
NPAs & 90+ PD/ Loans & REO 4.27 1.80 247 bp 4.63 (36) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 20.92 9.96 1,096 bp 22.73 (181) bp
NCOs/ Avg Loans 1.92 1.05 87 bp 0.04 188 bp
Loan Loss Reserves/ Gross Loans 2.66 1.80 86 bp 2.97 (31) bp
Reserves/ NPAs 62.10 99.85 (3,775) bp 64.01 (191) bp
Loan Loss Provision/ NCO 22.10 87.79 (6,569) bp NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 88,548 81,955 8.04 86,115 11.30
Tier 1 Capital($000) 98,548 91,955 7.17 96,115 10.13
Tier 2 Capital($000) 7,498 7,730 (3) 7,695 (10.24)
Total Capital($000) 106,046 99,685 6.38 103,810 8.62
Total Risk-weighted Assets($000) 594,522 617,079 (3.66) 608,048 (8.90)
Tier 1 Common Capital (CET1) Ratio(%) 14.89 13.28 161 bp 14.16 73 bp
Tier 1 Ratio(%) 16.58 14.90 168 bp 15.81 77 bp
Total Capital Ratio(%) 17.84 16.15 169 bp 17.07 77 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.50 9.94 56 bp 9.72 78 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 3,087,488 3,087,488 0 3,087,488 0
Avg Diluted Shares(actual) 3,087,488 3,086,737 0.02 3,087,488 0
Basic Book Value per Share 28.87 27.94 3.33 28.99 (1.66)
Book Value per Share, As Reported 29.79 27.67 7.66 28.99 11.04
Basic Tangible Book Value per Share 27.77 26.76 3.77 27.87 (1.44)
Tangible Book Value per Share, As Reported NA NA NA NA NA
Common Dividends Declared per Share 0.16 0.15 6.67 0.15 26.67
EPS after Extra 0.96 0.56 71.43 0.26 1,076.92
EPS after Extra Growth(%) 71.40 (18.80) 9,027 bp (45.80) 11,726 bp
Core EPS 0.97 0.72 34.72 0.27 1,037.04
Core EPS Growth(%) 34.60 4.40 3,025 bp (45.10) 7,975 bp
Diluted EPS before Amortization 0.97 0.57 70.18 0.27 1,037.04
Pre-Provision Earnings per Share 1.06 0.83 27.71 1.12 (21.43)

   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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