Financial Highlights
2019 FQ2 YTD
6/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Balance Sheet ($000)
Total Assets 1,484,646 1,521,027 1,397,045 1,242,670 884,889
Total Net Loans 1,139,022 1,193,739 1,142,279 1,019,003 746,985
Total Deposits 1,205,177 1,223,347 1,110,077 977,518 672,226
Equity Attributable to Parent Company 162,724 152,284 140,986 131,288 122,024
Total Equity 162,724 152,284 140,986 131,288 122,024
Profitability (%)
Net Income($000) 7,466 14,251 10,425 10,694 10,974
Net Income Attributable to Parent($000) 7,466 14,251 10,425 10,694 10,974
ROAA 1 0.96 0.80 0.98 1.35
Core ROAA 0.98 0.98 0.93 1.16 1.35
ROAE 9.48 9.50 7.58 8.83 9.45
ROATCE 10.20 10.72 8.51 9.75 11.45
Core ROAE 9.30 9.71 8.72 10.41 9.45
Net Interest Margin 2.93 2.91 3.11 3.35 3.36
Reported: Net Interest Margin 2.93 2.91 3.11 3.35 3.36
Efficiency Ratio 54.39 52.75 52.43 46.60 49.11
Noninterest Inc/ Operating Rev 20.15 17.39 16.50 19.68 22.65
Balance Sheet Ratios (%)
Loans/ Deposits 95.24 98.69 103.50 105.42 111.30
Securities/ Assets 10.83 13.08 9.38 10.46 9.85
Total Equity/ Total Assets 10.96 10.01 10.09 10.56 13.79
Tangible Equity/ Tangible Assets 10.64 9.68 9.71 10.10 13.79
Tang Common Equity/ Tang Assets 10.10 9.15 9.13 9.45 11.19
Asset Quality (%)
NPAs/ Assets 3.89 3.22 1.80 2.19 3.17
NPA Excl Restructured/ Assets 1.94 1.94 1.15 1.84 3.10
NPAs & 90+ PD/ Assets 3.89 3.22 1.80 2.19 3.17
NPAs/ Loans & REO 4.96 4.02 2.17 2.63 3.69
Nonaccrual & 90+ & OREO/ Assets 1.94 1.94 1.15 1.84 3.10
NPAs & 90+ PD/ Loans & REO 4.96 4.02 2.17 2.63 3.69
NPA & Loans 90+/ Tangible Common Equity + LLR 34.83 31.53 17.92 20.99 25.64
NCOs/ Avg Loans 0.31 (0.01) 0.16 0.08 (0.12)
Loan Loss Reserves/ Gross Loans 1.41 1.36 1.15 1.23 1.37
Reserves/ NPAs 28.19 33.72 52.69 46.54 37.08
Loan Loss Provision/ NCO 86.83 NM 134.84 411.54 NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) NA 141,085 127,840 117,755 98,803
Tier 1 Capital($000) NA 164,675 151,363 141,206 134,175
Tier 2 Capital($000) NA 46,093 13,811 13,129 10,320
Total Capital($000) 217,113 210,768 165,174 154,335 144,495
Total Risk-weighted Assets($000) 1,264,491 1,331,529 1,262,432 1,135,638 825,164
Tier 1 Common Capital (CET1) Ratio(%) NA 10.58 10.13 10.37 11.97
Tier 1 Ratio(%) NA 12.35 11.99 12.43 16.26
Total Capital Ratio(%) 17.17 15.81 13.08 13.59 17.51
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) NA 11.09 11.03 11.48 15.49
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 6,717,908 6,709,480 6,673,381 6,586,335 5,771,001
Avg Diluted Shares(actual) 6,756,895 6,772,927 6,746,846 6,415,204 5,778,584
Basic Book Value per Share 23.03 21.50 19.93 18.72 17.16
Book Value per Share, As Reported 23.03 21.48 19.93 18.72 17.16
Basic Tangible Book Value per Share 22.23 20.68 19.04 17.74 17.16
Tangible Book Value per Share, As Reported 22.23 20.65 19.04 17.74 17.16
Common Dividends Declared per Share 0.10 0.28 0.24 0.20 0.16
EPS after Extra 1.07 2.04 1.49 1.61 1.82
EPS after Extra Growth(%) (6.10) 36.90 (7.50) (11.50) 7.70
Core EPS 1.05 2.09 1.72 1.91 1.82
Core EPS Growth(%) (10) 21.20 (9.80) 4.90 7.70
Diluted EPS before Amortization 1.09 2.10 1.57 1.67 1.82
Pre-Provision Earnings per Share 1.31 2.56 1.96 2.25 1.77
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.

Manitowoc Phone:
(920) 686-9998

Stevens Point Phone:
(715) 254-3400

Appleton Phone:
(920) 739-2660

Green Bay Phone:
(920) 884-1166