Financial Highlights

Financial Highlights
2018 FQ4
12/31/2018
2017 FQ4
12/31/2017
Y-Y Ch (%)
2018 FQ3
9/30/2018
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 4,201,616 4,136,231 1.58 4,173,843 2.66
Total Net Loans 3,175,191 3,087,822 2.83 3,143,126 4.08
Total Deposits 3,305,950 3,263,863 1.29 3,273,646 3.95
Equity Attributable to Parent Company 564,150 530,699 6.30 550,264 10.09
Total Equity 564,150 530,699 6.30 550,264 10.09
Profitability (%)
Net Income($000) 15,709 14,912 5.34 16,106 (9.86)
Net Income Attributable to Parent($000) 15,709 14,912 5.34 16,106 (9.86)
ROAA 1.49 1.44 5 bp 1.54 (5) bp
Core ROAA 1.47 1.17 30 bp 1.54 (7) bp
ROAE 11.25 11.27 (2) bp 11.72 (47) bp
ROATCE 12.74 12.87 (13) bp 13.30 (56) bp
Core ROAE 11.13 9.13 200 bp 11.72 (59) bp
Net Interest Margin 3.71 3.68 3 bp 3.71 0 bp
Reported: Net Interest Margin 3.68 3.65 3 bp 3.68 0 bp
Efficiency Ratio 56.09 56.81 (72) bp 55.10 99 bp
Noninterest Inc/ Operating Rev 24.91 26.11 (120) bp 25.95 (104) bp
Balance Sheet Ratios (%)
Loans/ Deposits 97.06 95.68 138 bp 97.07 (1) bp
Securities/ Assets NA 14.77 NA 14.17 NA
Total Equity/ Total Assets 13.43 12.83 60 bp 13.18 25 bp
Tangible Equity/ Tangible Assets 12.06 11.43 63 bp 11.80 26 bp
Tang Common Equity/ Tang Assets 12.06 11.43 63 bp 11.80 26 bp
Asset Quality (%)
NPAs/ Assets 2.27 2.50 (23) bp 2.41 (14) bp
NPA Excl Restructured/ Assets 0.93 1.22 (29) bp 1.02 (9) bp
NPAs & 90+ PD/ Assets 2.52 2.74 (22) bp 2.61 (9) bp
NPAs/ Loans & REO 2.95 3.27 (32) bp 3.14 (19) bp
Nonaccrual & 90+ & OREO/ Assets 1.18 1.46 (28) bp 1.22 (4) bp
NPAs & 90+ PD/ Loans & REO 3.26 3.59 (33) bp 3.39 (13) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 19.77 22.63 (286) bp 20.89 (112) bp
NCOs/ Avg Loans 0.20 0.40 (20) bp 0.19 1 bp
Loan Loss Reserves/ Gross Loans 1.12 1.16 (4) bp 1.13 (1) bp
Reserves/ NPAs 37.60 35 260 bp 35.52 208 bp
Loan Loss Provision/ NCO 107.17 92.26 1,491 bp 101.31 586 bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) NA 468,207 NA 495,656 NA
Tier 1 Capital($000) NA 525,707 NA 553,156 NA
Tier 2 Capital($000) NA 36,407 NA 36,046 NA
Total Capital($000) NA 562,114 NA 589,202 NA
Total Risk-weighted Assets($000) NA 3,053,666 NA 3,083,113 NA
Tier 1 Common Capital (CET1) Ratio(%) 16.27 15.33 94 bp 16.08 19 bp
Tier 1 Ratio(%) 18.12 17.22 90 bp 17.94 18 bp
Total Capital Ratio(%) 19.29 18.41 88 bp 19.11 18 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 13.51 12.89 62 bp 13.37 14 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 17,733,000 17,692,912 0.23 17,728,075 0.11
Avg Diluted Shares(actual) 17,714,000 17,673,692 0.23 17,709,552 0.10
Basic Book Value per Share 31.81 30 6.03 31.04 9.92
Book Value per Share, As Reported 31.81 30 6.03 31.04 9.92
Basic Tangible Book Value per Share 28.12 26.29 6.96 27.34 11.41
Tangible Book Value per Share, As Reported NA 26.29 NA 27.34 NA
Common Dividends Declared per Share 0.36 0.33 9.09 0.36 0
EPS after Extra 0.89 0.84 5.95 0.91 (8.79)
EPS after Extra Growth(%) 6 25.40 (1,942) bp 16.70 (1,072) bp
Core EPS 0.88 0.68 29.41 0.91 (13.19)
Core EPS Growth(%) 29.50 1.30 2,811 bp 16.70 1,274 bp
Diluted EPS before Amortization 0.89 0.84 5.95 0.91 (8.79)
Pre-Provision Earnings per Share 0.90 0.72 25 0.92 (8.70)

   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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