Financial Highlights
2019 FY
12/31/2019
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 1,378,779 1,521,027 1,397,045 1,242,670 884,889
Total Net Loans 1,022,657 1,193,739 1,142,279 1,019,003 746,985
Total Deposits 1,101,442 1,223,347 1,110,077 977,518 672,226
Equity Attributable to Parent Company 172,029 152,284 140,986 131,288 122,024
Total Equity 172,029 152,284 140,986 131,288 122,024
Profitability (%)
Net Income($000) 16,452 14,251 10,425 10,694 10,974
Net Income Attributable to Parent($000) 16,452 14,251 10,425 10,694 10,974
ROAA 1.13 0.96 0.80 0.98 1.35
Core ROAA 1.19 0.98 0.93 1.16 1.35
ROAE 10.10 9.50 7.58 8.83 9.45
ROATCE 10.84 10.72 8.51 9.75 11.45
Core ROAE 10.63 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 56.71 52.67 52.43 46.60 49.11
Noninterest Inc/ Operating Rev 24.24 17.39 16.50 19.68 22.65
Balance Sheet Ratios (%)
Loans/ Deposits 94.04 98.69 103.50 105.42 111.30
Securities/ Assets 11.63 13.08 9.38 10.46 9.85
Total Equity/ Total Assets 12.48 10.01 10.09 10.56 13.79
Tangible Equity/ Tangible Assets 12.14 9.68 9.71 10.10 13.79
Tang Common Equity/ Tang Assets 11.56 9.15 9.13 9.45 11.19
Asset Quality (%)
NPAs/ Assets 4.23 3.22 1.80 2.19 3.17
NPA Excl Restructured/ Assets 2.65 1.94 1.15 1.84 3.10
NPAs & 90+ PD/ Assets 4.23 3.22 1.80 2.19 3.17
NPAs/ Loans & REO 5.58 4.02 2.17 2.63 3.69
Nonaccrual & 90+ & OREO/ Assets 2.65 1.94 1.15 1.84 3.10
NPAs & 90+ PD/ Loans & REO 5.58 4.02 2.17 2.63 3.69
NPA & Loans 90+/ Tangible Common Equity + LLR 33.48 31.53 17.92 20.99 25.64
NCOs/ Avg Loans 0.15 (0.01) 0.16 0.08 (0.12)
Loan Loss Reserves/ Gross Loans 1.47 1.36 1.15 1.23 1.37
Reserves/ NPAs 26.20 33.72 52.69 46.54 37.08
Loan Loss Provision/ NCO 25.47 NM 134.84 411.54 NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 156,969 141,085 127,840 117,755 98,803
Tier 1 Capital($000) 180,620 164,675 151,363 141,206 134,175
Tier 2 Capital($000) 44,474 46,093 13,811 13,129 10,320
Total Capital($000) 225,094 210,768 165,174 154,335 144,495
Total Risk-weighted Assets($000) 1,159,298 1,331,529 1,262,432 1,135,638 825,164
Tier 1 Common Capital (CET1) Ratio(%) 13.54 10.58 10.13 10.37 11.97
Tier 1 Ratio(%) 15.58 12.35 11.99 12.43 16.26
Total Capital Ratio(%) 19.41 15.81 13.08 13.59 17.51
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 12.42 11.09 11.03 11.48 15.49
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 6,734,132 6,709,480 6,673,381 6,586,335 5,771,001
Avg Diluted Shares(actual) 6,768,925 6,772,927 6,746,846 6,415,204 5,778,584
Basic Book Value per Share 24.36 21.50 19.93 18.72 17.16
Book Value per Share, As Reported 24.32 21.48 19.93 18.72 17.16
Basic Tangible Book Value per Share 23.58 20.68 19.04 17.74 17.16
Tangible Book Value per Share, As Reported 23.54 20.65 19.04 17.74 17.16
Common Dividends Declared per Share 0.20 0.28 0.24 0.20 0.16
EPS after Extra 2.36 2.04 1.49 1.61 1.82
EPS after Extra Growth(%) 15.70 36.90 (7.50) (11.50) 7.70
Core EPS 2.49 2.09 1.72 1.91 1.82
Core EPS Growth(%) 19.20 21.20 (9.80) 4.90 7.70
Diluted EPS before Amortization 2.40 2.10 1.57 1.67 1.82
Pre-Provision Earnings per Share 2.53 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.

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