Financial Highlights
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
2014 FY
12/31/2014
Balance Sheet ($000)
Total Assets 985,784 929,454 911,382 878,376 863,470
Total Net Loans 494,116 440,278 425,978 434,388 426,861
Total Deposits 823,648 765,558 741,521 714,727 704,555
Equity Attributable to Parent Company 91,901 87,622 84,951 80,570 71,645
Total Equity 91,901 87,622 84,951 80,570 71,645
Profitability (%)
Net Income($000) 10,426 4,369 8,961 10,506 8,049
Net Income Attributable to Parent($000) 10,426 4,369 8,961 10,506 8,049
ROAA 1.09 0.47 1 1.21 0.96
Core ROAA 1.12 0.42 0.99 1.23 1
ROAE 12.09 4.98 10.34 13.81 11.89
ROATCE 15.63 6.59 13.52 18.96 17.49
Core ROAE 12.40 4.43 10.17 14.08 12.31
Net Interest Margin 3.37 3.40 3.45 3.51 3.47
Reported: Net Interest Margin 3.37 3.40 3.45 3.51 3.47
Efficiency Ratio 67.50 86.11 67.67 64.55 66.70
Noninterest Inc/ Operating Rev 35.97 36.13 35.44 39.46 37.77
Balance Sheet Ratios (%)
Loans/ Deposits 60.12 57.37 57.42 59.58 59.83
Securities/ Assets 39.15 41.40 41.89 39.72 40.32
Total Equity/ Total Assets 9.32 9.43 9.32 9.17 8.30
Tangible Equity/ Tangible Assets 7.62 7.60 7.42 7.16 6.19
Tang Common Equity/ Tang Assets 7.62 7.60 7.42 7.16 6.19
Asset Quality (%)
NPAs/ Assets 0.89 1.10 0.88 0.89 1.27
NPA Excl Restructured/ Assets 0.53 0.70 0.44 0.36 0.73
NPAs & 90+ PD/ Assets 0.89 1.10 0.88 0.89 1.27
NPAs/ Loans & REO 1.75 2.29 1.85 1.78 2.53
Nonaccrual & 90+ & OREO/ Assets 0.53 0.70 0.44 0.36 0.73
NPAs & 90+ PD/ Loans & REO 1.75 2.29 1.85 1.78 2.53
NPA & Loans 90+/ Tangible Common Equity + LLR 10.97 13.65 11.18 11.61 19.04
NCOs/ Avg Loans 0.24 0.08 0.25 (0.30) 0.19
Loan Loss Reserves/ Gross Loans 1.15 1.22 1.24 1.34 1.23
Reserves/ NPAs 66.07 53.54 66.73 75.56 48.55
Loan Loss Provision/ NCO 127.97 134.33 46.38 NM 73.17
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 78,150 68,269 68,263 60,375 50,421
Tier 1 Capital($000) 99,150 88,605 88,819 80,401 67,228
Tier 2 Capital($000) 5,905 5,603 5,777 6,813 NA
Total Capital($000) 105,055 94,208 94,596 87,214 76,864
Total Risk-weighted Assets($000) 595,793 532,007 512,480 546,322 507,042
Tier 1 Common Capital (CET1) Ratio(%) 13.12 12.83 13.32 11.05 9.94
Tier 1 Ratio(%) 16.64 16.65 17.33 14.72 13.26
Total Capital Ratio(%) 17.63 17.71 18.46 15.96 15.16
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.34 9.80 10.04 9.43 8.06
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 4,372,116 4,285,742 4,264,555 4,087,615 4,051,577
Avg Diluted Shares(actual) 4,365,822 4,342,728 4,268,945 4,181,393 4,112,383
Basic Book Value per Share 21.02 20.45 19.92 19.71 17.68
Book Value per Share, As Reported 21.02 20.45 19.91 19.71 17.69
Basic Tangible Book Value per Share 16.87 16.16 15.54 15.06 12.89
Common Dividends Declared per Share 0.76 0.73 0.69 0.63 0.60
EPS after Extra 2.39 1.01 2.10 2.51 1.96
EPS after Extra Growth(%) 136.70 (51.80) (16.60) 28.40 67.70
Core EPS 2.45 0.90 2.06 2.56 2.03
Core EPS Growth(%) 173.40 (56.50) (19.60) 26.40 32.50
Diluted EPS before Amortization 2.45 1.08 2.17 2.62 2.09
Pre-Provision Earnings per Share 2.35 0.51 1.70 2.12 1.83
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