Financial Highlights

Financial Highlights
2019 FQ1
3/31/2019
2018 FQ1
3/31/2018
Y-Y Ch (%)
2018 FQ4
12/31/2018
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 4,313,293 4,195,737 2.80 4,201,616 10.63
Total Net Loans 3,168,377 3,084,197 2.73 3,175,191 (0.86)
Total Deposits 3,383,103 3,319,670 1.91 3,305,950 9.34
Equity Attributable to Parent Company 577,507 537,489 7.45 564,150 9.47
Total Equity 577,507 537,489 7.45 564,150 9.47
Profitability (%)
Net Income($000) 14,939 15,814 (5.53) 15,709 (19.61)
Net Income Attributable to Parent($000) 14,939 15,814 (5.53) 15,709 (19.61)
ROAA 1.41 1.53 (12) bp 1.49 (8) bp
Core ROAA 1.38 1.46 (8) bp 1.47 (9) bp
ROAE 10.44 11.84 (140) bp 11.25 (81) bp
ROATCE 11.78 13.49 (171) bp 12.74 (96) bp
Core ROAE 10.24 11.30 (106) bp 11.13 (89) bp
Net Interest Margin 3.65 3.60 5 bp 3.71 (6) bp
Reported: Net Interest Margin 3.70 3.65 5 bp 3.68 2 bp
Efficiency Ratio 58.96 58.76 20 bp 56.03 293 bp
Noninterest Inc/ Operating Rev 24.72 26.38 (166) bp 24.91 (19) bp
Balance Sheet Ratios (%)
Loans/ Deposits 94.28 93.93 35 bp 97.06 (278) bp
Securities/ Assets 14.38 15.02 (64) bp 14.69 (31) bp
Total Equity/ Total Assets 13.39 12.81 58 bp 13.43 (4) bp
Tangible Equity/ Tangible Assets 12.05 11.43 62 bp 12.06 (1) bp
Tang Common Equity/ Tang Assets 12.05 11.43 62 bp 12.06 (1) bp
Asset Quality (%)
NPAs/ Assets 2.20 2.51 (31) bp 2.27 (7) bp
NPA Excl Restructured/ Assets 0.87 1.17 (30) bp 0.93 (6) bp
NPAs & 90+ PD/ Assets 2.50 2.72 (22) bp 2.52 (2) bp
NPAs/ Loans & REO 2.94 3.34 (40) bp 2.95 (1) bp
Nonaccrual & 90+ & OREO/ Assets 1.17 1.38 (21) bp 1.18 (1) bp
NPAs & 90+ PD/ Loans & REO 3.34 3.62 (28) bp 3.26 8 bp
NPA & Loans 90+/ Tangible Common Equity + LLR 19.73 22.51 (278) bp 19.77 (4) bp
NCOs/ Avg Loans 0.14 0.25 (11) bp 0.20 (6) bp
Loan Loss Reserves/ Gross Loans 1.09 1.13 (4) bp 1.12 (3) bp
Reserves/ NPAs 36.88 33.46 342 bp 37.60 (72) bp
Loan Loss Provision/ NCO 17.37 49.58 (3,221) bp 107.17 (8,980) bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 513,791 479,459 7.16 505,271 6.74
Tier 1 Capital($000) 571,291 536,959 6.39 562,771 6.06
Tier 2 Capital($000) 35,266 35,444 (0.50) 36,163 (9.92)
Total Capital($000) 606,557 572,403 5.97 598,934 5.09
Total Risk-weighted Assets($000) 3,115,359 3,047,675 2.22 3,105,494 1.27
Tier 1 Common Capital (CET1) Ratio(%) 16.49 15.73 76 bp 16.27 22 bp
Tier 1 Ratio(%) 18.34 17.62 72 bp 18.12 22 bp
Total Capital Ratio(%) 19.47 18.78 69 bp 19.29 18 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 13.62 13.14 48 bp 13.51 11 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 17,767,594 17,720,737 0.26 17,732,853 0.78
Avg Diluted Shares(actual) 17,723,000 17,686,648 0.21 17,714,094 0.20
Basic Book Value per Share 32.50 30.33 7.15 31.81 8.68
Book Value per Share, As Reported 32.50 30.33 7.15 31.81 8.68
Basic Tangible Book Value per Share 28.82 26.64 8.18 28.12 9.96
Tangible Book Value per Share, As Reported NA 26.64 NA 28.12 NA
Common Dividends Declared per Share 0.36 0.33 9.09 0.36 0
EPS after Extra 0.84 0.89 (5.62) 0.89 (22.47)
EPS after Extra Growth(%) (5.60) 39.10 (4,468) bp 6 (1,157) bp
Core EPS 0.82 0.85 (3.53) 0.88 (27.27)
Core EPS Growth(%) (3) 32.40 (3,535) bp 29.50 (3,244) bp
Diluted EPS before Amortization 0.84 0.89 (5.62) 0.89 (22.47)
Pre-Provision Earnings per Share 0.83 0.81 2.47 0.90 (31.11)

   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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