Financial Highlights

Financial Highlights
2017 FQ2
6/30/2017
2016 FQ2
6/30/2016
Y-Y Ch (%)
2017 FQ1
3/31/2017
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 4,081,113 3,895,322 4.77 4,034,161 4.66
Total Net Loans 3,054,833 2,897,395 5.43 2,936,751 16.08
Total Deposits 3,105,610 3,041,983 2.09 3,159,778 (6.86)
Equity Attributable to Parent Company 514,915 493,610 4.32 507,484 5.86
Total Equity 514,915 493,610 4.32 507,484 5.86
Profitability (%)
Net Income($000) 11,541 11,566 (0.22) 11,277 9.36
Net Income Attributable to Parent($000) 11,541 11,566 (0.22) 11,277 9.36
ROAA 1.14 1.19 (5) bp 1.13 1 bp
Core ROAA 1.14 1.19 (5) bp 1.14 0 bp
ROAE 8.95 9.41 (46) bp 8.89 6 bp
ROATCE 10.28 10.89 (61) bp 10.24 4 bp
Core ROAE 8.96 9.43 (47) bp 8.92 4 bp
Net Interest Margin 3.67 3.69 (2) bp 3.63 4 bp
Reported: Net Interest Margin 3.68 3.71 (3) bp 3.68 0 bp
Efficiency Ratio 54.64 58.86 (422) bp 59.06 (442) bp
Noninterest Inc/ Operating Rev 26.42 26.26 16 bp 25.94 48 bp
Balance Sheet Ratios (%)
Loans/ Deposits 99.41 96.36 305 bp 93.99 542 bp
Securities/ Assets 15.58 15.54 4 bp 15.65 (7) bp
Total Equity/ Total Assets 12.62 12.67 (5) bp 12.58 4 bp
Tangible Equity/ Tangible Assets 11.19 11.17 2 bp 11.13 6 bp
Tang Common Equity/ Tang Assets 11.19 11.17 2 bp 11.13 6 bp
Asset Quality (%)
NPAs/ Assets 2.60 2.81 (21) bp 2.68 (8) bp
NPA Excl Restructured/ Assets 1.29 1.39 (10) bp 1.30 (1) bp
NPAs & 90+ PD/ Assets 2.81 3.02 (21) bp 2.90 (9) bp
NPAs/ Loans & REO 3.40 3.68 (28) bp 3.60 (20) bp
Nonaccrual & 90+ & OREO/ Assets 1.49 1.61 (12) bp 1.51 (2) bp
NPAs & 90+ PD/ Loans & REO 3.67 3.96 (29) bp 3.88 (21) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 23.56 25.38 (182) bp 24.46 (90) bp
NCOs/ Avg Loans 0.18 0.34 (16) bp 0.20 (2) bp
Loan Loss Reserves/ Gross Loans 1.20 1.22 (2) bp 1.20 0 bp
Reserves/ NPAs 34.94 32.63 231 bp 33 194 bp
Loan Loss Provision/ NCO 205.65 74.77 13,088 bp 84.82 12,083 bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 449,582 421,743 6.60 443,077 5.87
Tier 1 Capital($000) 507,082 481,243 5.37 502,577 3.59
Tier 2 Capital($000) 37,397 35,689 4.79 36,014 15.36
Total Capital($000) 544,479 516,932 5.33 538,591 4.37
Total Risk-weighted Assets($000) 3,015,724 2,851,305 3,015,724 2,913,032 3,015,724
Tier 1 Common Capital (CET1) Ratio(%) 14.91 14.79 12 bp 15.21 (30) bp
Tier 1 Ratio(%) 16.81 16.88 (7) bp 17.25 (44) bp
Total Capital Ratio(%) 18.05 18.13 (8) bp 18.49 (44) bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 12.72 12.57 15 bp 12.85 (13) bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 17,670,501 17,559,601 0.63 17,660,868 0.22
Avg Diluted Shares(actual) 17,644,854 17,541,653 0.59 17,637,815 0.16
Basic Book Value per Share 29.14 28.11 3.66 28.73 5.71
As-reported Book Value per Share 29.14 28.11 3.66 28.73 5.71
Basic Tangible Book Value per Share 25.43 24.37 4.35 25.02 6.55
Reported: Tangible Book Value 25.43 24.37 4.35 25.02 6.55
Common Dividends Declared per Share 0.32 0.31 3.23 0.32 0
EPS after Extra 0.65 0.66 (1.52) 0.64 6.25
EPS after Extra Growth(%) (1.50) (7) 552 bp (3) 151 bp
Core EPS 0.65 0.66 (1.52) 0.64 6.25
Core EPS Growth(%) (1.60) (7.10) 552 bp (2.60) 98 bp
Diluted EPS before Amortization 0.65 0.66 (1.52) 0.64 6.25
Pre-Provision Earnings per Share 0.69 0.65 6.15 0.63 38.10

   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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