Financial Highlights

Financial Highlights
2018 FQ2
6/30/2018
2017 FQ2
6/30/2017
Y-Y Ch (%)
2018 FQ1
3/31/2018
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 4,205,186 4,081,113 3.04 4,195,737 0.90
Total Net Loans 3,134,364 3,054,833 2.60 3,084,197 6.51
Total Deposits 3,309,408 3,105,610 6.56 3,319,670 (1.24)
Equity Attributable to Parent Company 542,175 514,915 5.29 537,489 3.49
Total Equity 542,175 514,915 5.29 537,489 3.49
Profitability (%)
Net Income($000) 11,599 11,541 0.50 15,814 (106.61)
Net Income Attributable to Parent($000) 11,599 11,541 0.50 15,814 (106.61)
ROAA 1.11 1.14 (3) bp 1.53 (42) bp
Core ROAA 1.38 1.14 24 bp 1.46 (8) bp
ROAE 8.54 8.95 (41) bp 11.84 (330) bp
ROATCE 9.71 10.28 (57) bp 13.49 (378) bp
Core ROAE 10.63 8.96 167 bp 11.30 (67) bp
Net Interest Margin 3.60 3.67 (7) bp 3.60 0 bp
Reported: Net Interest Margin 3.61 3.68 (7) bp 3.65 (4) bp
Efficiency Ratio 58.72 54.64 408 bp 58.76 (4) bp
Noninterest Inc/ Operating Rev 28.10 26.42 168 bp 26.38 172 bp
Balance Sheet Ratios (%)
Loans/ Deposits 95.76 99.41 (365) bp 93.93 183 bp
Securities/ Assets NA 15.58 NA 15.02 NA
Total Equity/ Total Assets 12.89 12.62 27 bp 12.81 8 bp
Tangible Equity/ Tangible Assets 11.51 11.19 32 bp 11.43 8 bp
Tang Common Equity/ Tang Assets 11.51 11.19 32 bp 11.43 8 bp
Asset Quality (%)
NPAs/ Assets 2.42 2.60 (18) bp 2.51 (9) bp
NPA Excl Restructured/ Assets 1.07 1.29 (22) bp 1.17 (10) bp
NPAs & 90+ PD/ Assets 2.60 2.81 (21) bp 2.72 (12) bp
NPAs/ Loans & REO 3.19 3.40 (21) bp 3.34 (15) bp
Nonaccrual & 90+ & OREO/ Assets 1.24 1.49 (25) bp 1.38 (14) bp
NPAs & 90+ PD/ Loans & REO 3.41 3.67 (26) bp 3.62 (21) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 21.30 23.56 (226) bp 22.51 (121) bp
NCOs/ Avg Loans 0.17 0.18 (1) bp 0.25 (8) bp
Loan Loss Reserves/ Gross Loans 1.13 1.20 (7) bp 1.13 0 bp
Reserves/ NPAs 35.08 34.94 14 bp 33.46 162 bp
Loan Loss Provision/ NCO 143.21 205.65 (6,244) bp 49.58 9,363 bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) NA 449,582 NA 479,459 NA
Tier 1 Capital($000) NA 507,082 NA 536,959 NA
Tier 2 Capital($000) NA 37,397 NA 35,444 NA
Total Capital($000) NA 544,479 NA 572,403 NA
Total Risk-weighted Assets($000) NA 3,015,724 NA 3,047,675 NA
Tier 1 Common Capital (CET1) Ratio(%) 15.80 14.91 89 bp 15.73 7 bp
Tier 1 Ratio(%) 17.67 16.81 86 bp 17.62 5 bp
Total Capital Ratio(%) 18.84 18.05 79 bp 18.78 6 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 13.11 12.72 39 bp 13.14 (3) bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 17,725,000 17,670,501 0.31 17,720,737 0.10
Avg Diluted Shares(actual) 17,703,000 17,644,854 0.33 17,686,648 0.37
Basic Book Value per Share 30.59 29.14 4.98 30.33 3.43
As-reported Book Value per Share 30.59 29.14 4.98 30.33 3.43
Basic Tangible Book Value per Share 26.89 25.43 5.74 26.64 3.75
Reported: Tangible Book Value NA 25.43 NA 26.64 NA
Common Dividends Declared per Share 0.33 0.32 3.13 0.33 0
EPS after Extra 0.66 0.65 1.54 0.89 (103.37)
EPS after Extra Growth(%) 1.50 (1.50) 306 bp 39.10 (3,752) bp
Core EPS 0.82 0.65 26.15 0.85 (14.12)
Core EPS Growth(%) 26.30 (1.60) 2,789 bp 32.40 (611) bp
Diluted EPS before Amortization 0.66 0.65 1.54 0.89 (103.37)
Pre-Provision Earnings per Share 0.90 0.69 30.43 0.81 44.44

   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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