Financial Highlights
Financial Highlights
2019 FQ4
12/31/2019
2018 FQ4
12/31/2018
Y-Y Ch (%)
2019 FQ3
9/30/2019
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 4,366,003 4,201,616 3.91 4,337,663 2.61
Total Net Loans 3,214,735 3,175,191 1.25 3,181,917 4.13
Total Deposits 3,405,572 3,305,950 3.01 3,389,555 1.89
Equity Attributable to Parent Company 614,886 564,150 8.99 605,518 6.19
Total Equity 614,886 564,150 8.99 605,518 6.19
Profitability (%)
Net Income($000) 16,008 15,709 1.90 15,269 19.36
Net Income Attributable to Parent($000) 16,008 15,709 1.90 15,269 19.36
ROAA 1.47 1.49 (2) bp 1.41 6 bp
Core ROAA 1.45 1.47 (2) bp 1.41 4 bp
ROAE 10.43 11.25 (82) bp 10.11 32 bp
ROATCE 11.68 12.74 (106) bp 11.34 34 bp
Core ROAE 10.33 11.13 (80) bp 10.10 23 bp
Net Interest Margin 3.58 3.71 (13) bp 3.61 (3) bp
Reported: Net Interest Margin 3.55 3.68 (13) bp 3.59 (4) bp
Efficiency Ratio 56.43 56.03 40 bp 55.84 59 bp
Noninterest Inc/ Operating Rev 26.58 24.91 167 bp 25.31 127 bp
Balance Sheet Ratios (%)
Loans/ Deposits 95.39 97.06 (167) bp 94.84 55 bp
Securities/ Assets 14.19 14.69 (50) bp 15.44 (125) bp
Total Equity/ Total Assets 14.08 13.43 65 bp 13.96 12 bp
Tangible Equity/ Tangible Assets 12.78 12.06 72 bp 12.64 14 bp
Tang Common Equity/ Tang Assets 12.78 12.06 72 bp 12.64 14 bp
Asset Quality (%)
NPAs/ Assets 2.15 2.27 (12) bp 2.11 4 bp
NPA Excl Restructured/ Assets 0.77 0.93 (16) bp 0.71 6 bp
NPAs & 90+ PD/ Assets 2.60 2.52 8 bp 2.57 3 bp
NPAs/ Loans & REO 2.87 2.95 (8) bp 2.82 5 bp
Nonaccrual & 90+ & OREO/ Assets 1.22 1.18 4 bp 1.18 4 bp
NPAs & 90+ PD/ Loans & REO 3.47 3.26 21 bp 3.45 2 bp
NPA & Loans 90+/ Tangible Common Equity + LLR 19.43 19.77 (34) bp 19.43 0 bp
NCOs/ Avg Loans 0.19 0.20 (1) bp 0.18 1 bp
Loan Loss Reserves/ Gross Loans 1.08 1.12 (4) bp 1.08 0 bp
Reserves/ NPAs 37.36 37.60 (24) bp 38.11 (75) bp
Loan Loss Provision/ NCO 118.65 107.17 1,148 bp 87.01 3,164 bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 545,142 505,271 7.89 535,099 7.51
Tier 1 Capital($000) 601,142 562,771 6.82 591,099 6.80
Tier 2 Capital($000) 35,370 36,163 (2.19) 35,077 3.34
Total Capital($000) 636,512 598,934 6.27 626,176 6.60
Total Risk-weighted Assets($000) 3,173,922 3,105,494 2.20 3,141,268 4.16
Tier 1 Common Capital (CET1) Ratio(%) 17.18 16.27 91 bp 17.03 15 bp
Tier 1 Ratio(%) 18.94 18.12 82 bp 18.82 12 bp
Total Capital Ratio(%) 20.05 19.29 76 bp 19.93 12 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 14.01 13.51 50 bp 13.84 17 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 17,793,165 17,732,853 0.34 17,777,251 0.36
Avg Diluted Shares(actual) 17,759,608 17,714,094 0.26 17,742,723 0.38
Basic Book Value per Share 34.56 31.81 8.65 34.06 5.87
Book Value per Share, As Reported 34.56 31.81 8.65 34.06 5.87
Basic Tangible Book Value per Share 30.88 28.12 9.82 30.38 6.58
Tangible Book Value per Share, As Reported 30.88 28.12 9.82 30.38 6.58
Common Dividends Declared per Share 0.38 0.36 5.56 0.38 0
EPS after Extra 0.90 0.89 1.12 0.86 18.60
EPS after Extra Growth(%) 1.10 6 (483) bp (5.50) 661 bp
Core EPS 0.89 0.88 1.14 0.86 13.95
Core EPS Growth(%) 1.10 29.50 (2,835) bp (5.60) 668 bp
Diluted EPS before Amortization 0.90 0.89 1.12 0.86 18.60
Pre-Provision Earnings per Share 0.90 0.90 0 0.85 23.53

   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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