Financial Highlights

Financial Highlights
2017 FQ1
3/31/2017
2016 FQ1
3/31/2016
Y-Y Ch (%)
2016 FQ4
12/31/2016
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 4,034,161 3,879,838 3.98 3,932,169 10.38
Total Net Loans 2,936,751 2,855,669 2.84 2,903,682 4.56
Total Deposits 3,159,778 3,034,218 4.14 3,081,308 10.19
Equity Attributable to Parent Company 507,484 485,637 4.50 500,615 5.49
Total Equity 507,484 485,637 4.50 500,615 5.49
Profitability (%)
Net Income($000) 11,277 11,602 (2.80) 11,866 (19.86)
Net Income Attributable to Parent($000) 11,277 11,602 (2.80) 11,866 (19.86)
ROAA 1.13 1.19 (6) bp 1.20 (7) bp
Core ROAA 1.14 1.19 (5) bp 1.20 (6) bp
ROAE 8.89 9.57 (68) bp 9.46 (57) bp
ROATCE 10.24 11.10 (86) bp 10.90 (66) bp
Core ROAE 8.92 9.56 (64) bp 9.48 (56) bp
Net Interest Margin 3.63 3.74 (11) bp 3.68 (5) bp
Reported: Net Interest Margin 3.68 3.76 (8) bp 3.66 2 bp
Efficiency Ratio 58.99 57.31 168 bp 55.93 306 bp
Noninterest Inc/ Operating Rev 25.94 24.65 129 bp 27.25 (131) bp
Balance Sheet Ratios (%)
Loans/ Deposits 93.99 95.22 (123) bp 95.36 (137) bp
Securities/ Assets 15.60 15.65 (5) bp 16.04 (44) bp
Total Equity/ Total Assets 12.58 12.52 6 bp 12.73 (15) bp
Tangible Equity/ Tangible Assets 11.13 11.01 12 bp 11.25 (12) bp
Tang Common Equity/ Tang Assets 11.13 11.01 12 bp 11.25 (12) bp
Asset Quality (%)
NPAs/ Assets 2.68 2.99 (31) bp 2.73 (5) bp
NPA Excl Restructured/ Assets 1.30 1.48 (18) bp 1.34 (4) bp
NPAs & 90+ PD/ Assets 2.89 3.21 (32) bp 3 (11) bp
NPAs/ Loans & REO 3.59 3.96 (37) bp 3.60 (1) bp
Nonaccrual & 90+ & OREO/ Assets 1.51 1.70 (19) bp 1.61 (10) bp
NPAs & 90+ PD/ Loans & REO 3.88 4.25 (37) bp 3.97 (9) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 24.43 27.29 (286) bp 25.07 (64) bp
NCOs/ Avg Loans 0.20 0.21 (1) bp 0.26 (6) bp
Loan Loss Reserves/ Gross Loans 1.20 1.26 (6) bp 1.22 (2) bp
Reserves/ NPAs 33.04 31.33 171 bp 33.51 (47) bp
Loan Loss Provision/ NCO 84.82 115.36 (3,054) bp 106.91 (2,209) bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) NA 415,257 NA 436,932 NA
Tier 1 Capital($000) NA 474,757 NA 496,432 NA
Tier 2 Capital($000) NA 34,967 NA 35,900 NA
Total Capital($000) NA 509,724 NA 532,332 NA
Total Risk-weighted Assets($000) NA 2,798,376 NA 2,877,438 NA
Tier 1 Common Capital (CET1) Ratio(%) 15.21 14.84 37 bp 15.18 3 bp
Tier 1 Ratio(%) 17.25 16.97 28 bp 17.25 0 bp
Total Capital Ratio(%) 18.49 18.22 27 bp 18.50 (1) bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 12.85 12.44 41 bp 12.75 10 bp
Supplementary Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 17,660,868 17,553,490 0.61 17,628,695 0.73
Avg Diluted Shares(actual) 17,638,000 17,533,376 0.60 17,617,000 0.48
Basic Book Value per Share 28.73 27.67 3.83 28.40 4.65
As-reported Book Value per Share 28.73 27.67 3.83 28.40 4.65
Basic Tangible Book Value per Share 25.02 23.92 4.60 24.68 5.51
Reported: Tangible Book Value NA 23.92 NA NA NA
Common Dividends Declared per Share 0.32 0.31 3.23 0.32 0
EPS after Extra 0.64 0.66 (3.03) 0.67 (17.91)
EPS after Extra Growth(%) (3) 4.80 (779) bp (1.50) (156) bp
Core EPS 0.64 0.66 (3.03) 0.67 (17.91)
Core EPS Growth(%) (2.60) 5.20 (777) bp (2.80) 18 bp
Diluted EPS before Amortization 0.64 0.66 (3.03) 0.67 (17.91)
Pre-Provision Earnings per Share 0.63 0.67 (5.97) 0.69 (34.78)

   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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