Financial Highlights

Financial Highlights
2019 FQ2
6/30/2019
2018 FQ2
6/30/2018
Y-Y Ch (%)
2019 FQ1
3/31/2019
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 4,377,257 4,205,186 4.09 4,313,293 5.93
Total Net Loans 3,158,276 3,134,364 0.76 3,168,377 (1.28)
Total Deposits 3,437,181 3,309,408 3.86 3,383,103 6.39
Equity Attributable to Parent Company 594,708 542,175 9.69 577,507 11.91
Total Equity 594,708 542,175 9.69 577,507 11.91
Profitability (%)
Net Income($000) 18,324 11,599 57.98 14,939 90.64
Net Income Attributable to Parent($000) 18,324 11,599 57.98 14,939 90.64
ROAA 1.68 1.11 57 bp 1.41 27 bp
Core ROAA 1.67 1.30 37 bp 1.38 29 bp
ROAE 12.42 8.54 388 bp 10.44 198 bp
ROATCE 13.97 9.71 426 bp 11.78 219 bp
Core ROAE 12.31 10.05 226 bp 10.24 207 bp
Net Interest Margin 3.56 3.60 (4) bp 3.65 (9) bp
Reported: Net Interest Margin 3.57 3.61 (4) bp 3.70 (13) bp
Efficiency Ratio 60.09 57.21 288 bp 58.96 113 bp
Noninterest Inc/ Operating Rev 25.06 26.60 (154) bp 24.72 34 bp
Balance Sheet Ratios (%)
Loans/ Deposits 92.87 95.76 (289) bp 94.28 (141) bp
Securities/ Assets 13.94 14.53 (59) bp 14.38 (44) bp
Total Equity/ Total Assets 13.59 12.89 70 bp 13.39 20 bp
Tangible Equity/ Tangible Assets 12.27 11.51 76 bp 12.05 22 bp
Tang Common Equity/ Tang Assets 12.27 11.51 76 bp 12.05 22 bp
Asset Quality (%)
NPAs/ Assets 2.20 2.42 (22) bp 2.20 0 bp
NPA Excl Restructured/ Assets 0.81 1.07 (26) bp 0.87 (6) bp
NPAs & 90+ PD/ Assets 2.45 2.60 (15) bp 2.50 (5) bp
NPAs/ Loans & REO 2.99 3.19 (20) bp 2.94 5 bp
Nonaccrual & 90+ & OREO/ Assets 1.06 1.24 (18) bp 1.17 (11) bp
NPAs & 90+ PD/ Loans & REO 3.33 3.41 (8) bp 3.34 (1) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 19 21.30 (230) bp 19.73 (73) bp
NCOs/ Avg Loans 0.20 0.17 3 bp 0.14 6 bp
Loan Loss Reserves/ Gross Loans 1.10 1.13 (3) bp 1.09 1 bp
Reserves/ NPAs 36.40 35.08 132 bp 36.88 (48) bp
Loan Loss Provision/ NCO 99.62 143.21 (4,359) bp 17.37 8,225 bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) NA 485,577 NA 513,791 NA
Tier 1 Capital($000) NA 543,077 NA 571,291 NA
Tier 2 Capital($000) NA 36,026 NA 35,266 NA
Total Capital($000) NA 579,103 NA 606,557 NA
Total Risk-weighted Assets($000) NA 3,073,894 NA 3,115,359 NA
Tier 1 Common Capital (CET1) Ratio(%) 16.83 15.80 103 bp 16.49 34 bp
Tier 1 Ratio(%) 18.67 17.67 100 bp 18.34 33 bp
Total Capital Ratio(%) 19.80 18.84 96 bp 19.47 33 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 13.61 13.11 50 bp 13.62 (1) bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 17,772,309 17,725,313 0.27 17,767,594 0.11
Avg Diluted Shares(actual) 17,733,000 17,702,789 0.17 17,723,000 0.23
Basic Book Value per Share 33.46 30.59 9.38 32.50 11.82
Book Value per Share, As Reported 33.46 30.59 9.38 32.50 11.82
Basic Tangible Book Value per Share 29.78 26.89 10.75 28.82 13.32
Tangible Book Value per Share, As Reported NA 26.89 NA NA NA
Common Dividends Declared per Share 0.36 0.33 9.09 0.36 0
EPS after Extra 1.03 0.66 56.06 0.84 90.48
EPS after Extra Growth(%) 56.10 1.50 5,452 bp (5.60) 6,168 bp
Core EPS 1.02 0.78 30.77 0.82 97.56
Core EPS Growth(%) 31.40 19.40 1,208 bp (3) 3,442 bp
Diluted EPS before Amortization 1.03 0.66 56.06 0.84 90.48
Pre-Provision Earnings per Share 0.80 0.86 (6.98) 0.83 (14.46)

   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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