Financial Highlights

Financial Highlights
2016 FQ4
12/31/2016
2015 FQ4
12/31/2015
Y-Y Ch (%)
2016 FQ3
9/30/2016
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 3,932,169 3,903,934 0.72 3,930,226 0.20
Total Net Loans 2,903,682 2,839,039 2.28 2,897,573 0.84
Total Deposits 3,081,308 2,980,782 3.37 3,053,985 3.58
Equity Attributable to Parent Company 500,615 475,583 5.26 500,110 0.40
Total Equity 500,615 475,583 5.26 500,110 0.40
Profitability (%)
Net Income($000) 11,866 11,870 (0.03) 12,312 (14.49)
Net Income Attributable to Parent($000) 11,866 11,870 (0.03) 12,312 (14.49)
ROAA 1.20 1.24 (4) bp 1.25 (5) bp
Core ROAA 1.20 1.25 (5) bp 1.22 (2) bp
ROAE 9.46 9.99 (53) bp 9.87 (41) bp
ROATCE 10.90 11.62 (72) bp 11.38 (48) bp
Core ROAE 9.48 10.15 (67) bp 9.65 (17) bp
Net Interest Margin 3.68 3.77 (9) bp 3.68 0 bp
Reported: Net Interest Margin 3.66 3.74 (8) bp 3.66 0 bp
Efficiency Ratio 55.93 54.06 187 bp 55.48 45 bp
Noninterest Inc/ Operating Rev 27.25 26.65 60 bp 27.70 (45) bp
Balance Sheet Ratios (%)
Loans/ Deposits 95.36 96.42 (106) bp 95.98 (62) bp
Securities/ Assets 16.04 15.91 13 bp 16.72 (68) bp
Total Equity/ Total Assets 12.73 12.18 55 bp 12.72 1 bp
Tangible Equity/ Tangible Assets 11.25 10.68 57 bp 11.24 1 bp
Tang Common Equity/ Tang Assets 11.25 10.68 57 bp 11.24 1 bp
Asset Quality (%)
NPAs/ Assets 2.73 2.73 0 bp 2.76 (3) bp
NPA Excl Restructured/ Assets 1.34 1.47 (13) bp 1.39 (5) bp
NPAs & 90+ PD/ Assets 3 3.04 (4) bp 3.06 (6) bp
NPAs/ Loans & REO 3.60 3.66 (6) bp 3.65 (5) bp
Nonaccrual & 90+ & OREO/ Assets 1.61 1.78 (17) bp 1.68 (7) bp
NPAs & 90+ PD/ Loans & REO 3.97 4.07 (10) bp 4.04 (7) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 25.07 26.63 (156) bp 25.54 (47) bp
NCOs/ Avg Loans 0.26 0.19 7 bp 0.28 (2) bp
Loan Loss Reserves/ Gross Loans 1.22 1.26 (4) bp 1.22 0 bp
Reserves/ NPAs 33.51 33.83 (32) bp 32.97 54 bp
Loan Loss Provision/ NCO 106.91 140.86 (3,395) bp 104.98 193 bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 436,932 408,804 6.88 430,108 6.35
Tier 1 Capital($000) 496,432 468,304 6.01 489,608 5.58
Tier 2 Capital($000) 35,900 34,992 2.59 35,900 0
Total Capital($000) 532,332 503,296 5.77 525,508 5.19
Total Risk-weighted Assets($000) 2,877,438 2,804,312 2,877,438 2,872,402 2,877,438
Tier 1 Common Capital (CET1) Ratio(%) 15.18 14.58 60 bp 14.97 21 bp
Tier 1 Ratio(%) 17.25 16.70 55 bp 17.05 20 bp
Total Capital Ratio(%) 18.50 17.95 55 bp 18.30 20 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 12.75 12.40 35 bp 12.69 6 bp
Supplementary Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 17,628,695 17,536,914 0.52 17,607,903 0.47
Avg Diluted Shares(actual) 17,617,000 17,515,646 0.58 17,568,842 1.10
Basic Book Value per Share 28.40 27.12 4.72 28.40 0
As-reported Book Value per Share 28.40 27.12 4.72 28.40 0
Basic Tangible Book Value per Share 24.68 23.37 5.61 24.67 0.16
Reported: Tangible Book Value NA 23.37 NA 24.67 NA
Common Dividends Declared per Share 0.32 0.31 3.23 0.32 0
EPS after Extra 0.67 0.68 (1.47) 0.70 (17.14)
EPS after Extra Growth(%) (1.50) 19.30 (2,077) bp 9.40 (1,084) bp
Core EPS 0.67 0.69 (2.90) 0.68 (5.88)
Core EPS Growth(%) (2.80) 20.30 (2,304) bp 8 (1,083) bp
Diluted EPS before Amortization 0.67 0.68 (1.47) 0.70 (17.14)
Pre-Provision Earnings per Share 0.69 0.73 (5.48) 0.71 (11.27)

   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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