Financial Highlights

Financial Highlights
2018 FQ1
3/31/2018
2017 FQ1
3/31/2017
Y-Y Ch (%)
2017 FQ4
12/31/2017
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 4,195,737 4,034,161 4.01 4,136,231 5.75
Total Net Loans 3,084,197 2,936,751 5.02 3,087,822 (0.47)
Total Deposits 3,319,670 3,159,778 5.06 3,263,863 6.84
Equity Attributable to Parent Company 537,489 507,484 5.91 530,699 5.12
Total Equity 537,489 507,484 5.91 530,699 5.12
Profitability (%)
Net Income($000) 15,814 11,277 40.23 14,912 24.20
Net Income Attributable to Parent($000) 15,814 11,277 40.23 14,912 24.20
ROAA 1.53 1.13 40 bp 1.44 9 bp
Core ROAA 1.47 1.14 33 bp 1.44 3 bp
ROAE 11.84 8.89 295 bp 11.27 57 bp
ROATCE 13.49 10.24 325 bp 12.87 62 bp
Core ROAE 11.40 8.92 248 bp 11.27 13 bp
Net Interest Margin 3.60 3.63 (3) bp 3.68 (8) bp
Reported: Net Interest Margin 3.65 3.68 (3) bp 3.65 0 bp
Efficiency Ratio 58.76 59.06 (30) bp 56.81 195 bp
Noninterest Inc/ Operating Rev 26.38 25.94 44 bp 26.11 27 bp
Balance Sheet Ratios (%)
Loans/ Deposits 93.93 93.99 (6) bp 95.68 (175) bp
Securities/ Assets 15.02 15.65 (63) bp 14.77 25 bp
Total Equity/ Total Assets 12.81 12.58 23 bp 12.83 (2) bp
Tangible Equity/ Tangible Assets 11.43 11.13 30 bp 11.43 0 bp
Tang Common Equity/ Tang Assets 11.43 11.13 30 bp 11.43 0 bp
Asset Quality (%)
NPAs/ Assets 2.51 2.68 (17) bp 2.50 1 bp
NPA Excl Restructured/ Assets 1.17 1.30 (13) bp 1.22 (5) bp
NPAs & 90+ PD/ Assets 2.72 2.90 (18) bp 2.74 (2) bp
NPAs/ Loans & REO 3.34 3.60 (26) bp 3.27 7 bp
Nonaccrual & 90+ & OREO/ Assets 1.38 1.51 (13) bp 1.46 (8) bp
NPAs & 90+ PD/ Loans & REO 3.62 3.88 (26) bp 3.59 3 bp
NPA & Loans 90+/ Tangible Common Equity + LLR 22.51 24.46 (195) bp 22.63 (12) bp
NCOs/ Avg Loans 0.24 0.20 4 bp 0.40 (16) bp
Loan Loss Reserves/ Gross Loans 1.13 1.20 (7) bp 1.16 (3) bp
Reserves/ NPAs 33.46 33 46 bp 35 (154) bp
Loan Loss Provision/ NCO 49.58 84.82 (3,524) bp 92.26 (4,268) bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 479,459 443,077 8.21 468,207 9.61
Tier 1 Capital($000) 536,959 502,577 6.84 525,707 8.56
Tier 2 Capital($000) 35,444 36,014 (1.58) 36,407 (10.58)
Total Capital($000) 572,403 538,591 6.28 562,114 7.32
Total Risk-weighted Assets($000) 3,047,675 2,913,032 4.62 3,053,666 (0.78)
Tier 1 Common Capital (CET1) Ratio(%) 15.73 15.21 52 bp 15.33 40 bp
Tier 1 Ratio(%) 17.62 17.25 37 bp 17.22 40 bp
Total Capital Ratio(%) 18.78 18.49 29 bp 18.41 37 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 13.14 12.85 29 bp 12.89 25 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 17,720,737 17,660,868 0.34 17,692,912 0.63
Avg Diluted Shares(actual) 17,687,000 17,637,815 0.28 17,673,692 0.30
Basic Book Value per Share 30.33 28.73 5.57 30 4.40
As-reported Book Value per Share 30.33 28.73 5.57 30 4.40
Basic Tangible Book Value per Share 26.64 25.02 6.47 26.29 5.33
Reported: Tangible Book Value NA 25.02 NA 26.29 NA
Common Dividends Declared per Share 0.33 0.32 3.13 0.33 0
EPS after Extra 0.89 0.64 39.06 0.84 23.81
EPS after Extra Growth(%) 39.10 (3) 4,209 bp 25.40 1,369 bp
Core EPS 0.86 0.64 34.37 0.84 9.52
Core EPS Growth(%) 33.50 (2.60) 3,609 bp 25.10 838 bp
Diluted EPS before Amortization 0.89 0.64 39.06 0.84 23.81
Pre-Provision Earnings per Share 0.67 0.63 6.35 0.72 (27.78)

   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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