Financial Highlights

Financial Highlights
2019 FQ1
3/31/2019
2018 FQ1
3/31/2018
Y-Y Ch (%)
2018 FQ4
12/31/2018
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 921,021 917,118 0.43 930,044 (3.88)
Total Net Loans 462,990 482,292 (4) 468,031 (4.31)
Total Deposits 732,226 730,076 0.29 733,435 (0.66)
Equity Attributable to Parent Company 94,100 84,158 11.81 89,146 22.23
Total Equity 94,100 84,158 11.81 89,146 22.23
Profitability (%)
Net Income($000) 2,460 2,712 (9.29) 2,959 (67.46)
Net Income Attributable to Parent($000) 2,460 2,712 (9.29) 2,959 (67.46)
ROAA 1.05 1.17 (12) bp 1.26 (21) bp
Core ROAA 1.07 1.19 (12) bp 1.27 (20) bp
ROAE 10.74 12.73 (199) bp 13.65 (291) bp
ROATCE 11.31 13.45 (214) bp 14.39 (308) bp
Core ROAE 10.88 12.85 (197) bp 13.82 (294) bp
Net Interest Margin 2.99 3.11 (12) bp 3.07 (8) bp
Reported: Net Interest Margin 2.94 3.05 (11) bp 3 (6) bp
Efficiency Ratio 61.84 62.78 (94) bp 61.82 2 bp
Noninterest Inc/ Operating Rev 42.72 39.75 297 bp 39.31 341 bp
Balance Sheet Ratios (%)
Loans/ Deposits 65.11 67.35 (224) bp 65.55 (44) bp
Securities/ Assets 39.28 38.76 52 bp 38.67 61 bp
Total Equity/ Total Assets 10.22 9.18 104 bp 9.59 63 bp
Tangible Equity/ Tangible Assets 9.89 8.82 107 bp 9.25 64 bp
Tang Common Equity/ Tang Assets 9.89 8.82 107 bp 9.25 64 bp
Asset Quality (%)
NPAs/ Assets 2.18 1.74 44 bp 2.22 (4) bp
NPA Excl Restructured/ Assets 1.49 1.03 46 bp 1.53 (4) bp
NPAs & 90+ PD/ Assets 2.18 1.75 43 bp 2.22 (4) bp
NPAs/ Loans & REO 4.19 3.24 95 bp 4.27 (8) bp
Nonaccrual & 90+ & OREO/ Assets 1.49 1.04 45 bp 1.53 (4) bp
NPAs & 90+ PD/ Loans & REO 4.19 3.25 94 bp 4.27 (8) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 19.18 17.80 138 bp 20.93 (175) bp
NCOs/ Avg Loans (0.04) 0.05 (9) bp 1.92 (196) bp
Loan Loss Reserves/ Gross Loans 2.90 1.91 99 bp 2.66 24 bp
Reserves/ NPAs 69.08 58.95 1,013 bp 62.10 698 bp
Loan Loss Provision/ NCO NM 595.24 NM 22.10 NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 90,635 84,147 7.71 88,548 9.43
Tier 1 Capital($000) 100,635 94,147 6.89 98,548 8.47
Tier 2 Capital($000) 7,404 7,566 (2.14) 7,498 (5.01)
Total Capital($000) 108,039 101,713 6.22 106,046 7.52
Total Risk-weighted Assets($000) 585,908 603,464 (2.91) 594,522 (5.80)
Tier 1 Common Capital (CET1) Ratio(%) 15.47 13.94 153 bp 14.89 58 bp
Tier 1 Ratio(%) 17.18 15.60 158 bp 16.58 60 bp
Total Capital Ratio(%) 18.44 16.85 159 bp 17.84 60 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.79 10.23 56 bp 10.50 29 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 3,089,773 3,087,488 0.07 3,087,488 0.30
Avg Diluted Shares(actual) 3,075,000 3,087,488 (0.40) 3,087,488 (1.62)
Basic Book Value per Share 30.46 27.26 11.74 28.87 22.03
Book Value per Share, As Reported 30.43 28.40 7.15 29.79 8.59
Basic Tangible Book Value per Share 29.36 26.11 12.45 27.75 23.21
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 0.80 0.88 (9.09) 0.96 (66.67)
EPS after Extra Growth(%) (9.10) 27.50 (3,663) bp 71.40 (8,052) bp
Core EPS 0.81 0.89 (8.99) 0.97 (65.98)
Core EPS Growth(%) (8.70) 27.10 (3,590) bp 34.70 (4,347) bp
Diluted EPS before Amortization 0.81 0.89 (8.99) 0.97 (65.98)
Pre-Provision Earnings per Share 1.07 1 7 1.06 3.77

   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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