Slide 1

Financial Highlights

Financial Highlights
2019 FQ4
12/31/2019
2018 FQ4
12/31/2018
Y-Y Ch (%)
2019 FQ3
9/30/2019
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 5,292,659 5,010,766 5.63 5,198,878 7.22
Total Net Loans 3,893,818 3,674,284 5.97 3,795,766 10.33
Total Deposits 3,498,882 3,524,048 (0.71) 3,586,153 (9.73)
Equity Attributable to Parent Company 503,492 448,184 12.34 497,825 4.55
Total Equity 503,492 448,184 12.34 497,825 4.55
Profitability (%)
Net Income($000) 15,536 17,036 (8.80) 18,814 (69.69)
Net Income Attributable to Parent($000) 15,536 17,036 (8.80) 18,814 (69.69)
ROAA 1.19 1.41 (22) bp 1.45 (26) bp
Core ROAA 1.20 1.42 (22) bp 1.47 (27) bp
ROAE 12.36 15.77 (341) bp 15.35 (299) bp
ROATCE 14.54 19.11 (457) bp 18.12 (358) bp
Core ROAE 12.49 15.95 (346) bp 15.50 (301) bp
Net Interest Margin 2.64 2.97 (33) bp 2.74 (10) bp
Reported: Net Interest Margin 2.61 2.95 (34) bp 2.72 (11) bp
Efficiency Ratio 58.33 53.56 477 bp 51.57 676 bp
Noninterest Inc/ Operating Rev 34.15 30.92 323 bp 35.74 (159) bp
Balance Sheet Ratios (%)
Loans/ Deposits 111.26 104.44 682 bp 105.35 591 bp
Securities/ Assets 17.96 19.64 (168) bp 17.93 3 bp
Total Equity/ Total Assets 9.51 8.94 57 bp 9.58 (7) bp
Tangible Equity/ Tangible Assets 8.28 7.62 66 bp 8.32 (4) bp
Tang Common Equity/ Tang Assets 8.28 7.62 66 bp 8.32 (4) bp
Asset Quality (%)
NPAs/ Assets 0.36 0.38 (2) bp 0.37 (1) bp
NPA Excl Restructured/ Assets 0.35 0.28 7 bp 0.37 (2) bp
NPAs & 90+ PD/ Assets 0.36 0.38 (2) bp 0.37 (1) bp
NPAs/ Loans & REO 0.48 0.51 (3) bp 0.51 (3) bp
Nonaccrual & 90+ & OREO/ Assets 0.35 0.28 7 bp 0.37 (2) bp
NPAs & 90+ PD/ Loans & REO 0.48 0.51 (3) bp 0.51 (3) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 4.11 4.70 (59) bp 4.28 (17) bp
NCOs/ Avg Loans 0 0.03 (3) bp 0.08 (8) bp
Loan Loss Reserves/ Gross Loans 0.69 0.73 (4) bp 0.71 (2) bp
Reserves/ NPAs 142.98 142.81 17 bp 139 398 bp
Loan Loss Provision/ NCO NM 337.55 NM 49.94 NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 445,298 406,340 9.59 437,142 7.46
Tier 1 Capital($000) 467,296 428,338 9.10 459,140 7.11
Tier 2 Capital($000) 27,307 27,361 (0.20) 27,314 (0.10)
Total Capital($000) 494,603 455,699 8.54 486,454 6.70
Total Risk-weighted Assets($000) 3,821,602 3,626,820 5.37 3,760,442 6.51
Tier 1 Common Capital (CET1) Ratio(%) 11.65 11.20 45 bp 11.62 3 bp
Tier 1 Ratio(%) 12.23 11.81 42 bp 12.21 2 bp
Total Capital Ratio(%) 12.94 12.56 38 bp 12.94 0 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.04 8.89 15 bp 8.97 7 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 17,363,455 17,302,037 0.35 17,338,348 0.58
Avg Diluted Shares(actual) 17,436,000 17,385,000 0.29 17,414,000 0.51
Basic Book Value per Share 29 25.90 11.97 28.71 4.04
Book Value per Share, As Reported 29 25.90 11.97 28.71 4.04
Basic Tangible Book Value per Share 24.90 21.74 14.54 24.60 4.88
Tangible Book Value per Share, As Reported 24.90 21.74 14.54 24.60 4.88
Common Dividends Declared per Share 0.51 0.47 8.51 0.51 0
EPS after Extra 0.89 0.98 (9.18) 1.08 (70.37)
EPS after Extra Growth(%) (9.20) 113 (12,222) bp 6.90 (1,611) bp
Core EPS 0.90 0.99 (9.09) 1.09 (69.72)
Core EPS Growth(%) (9.30) 17.10 (2,636) bp 6.80 (1,605) bp
Diluted EPS before Amortization 0.90 0.99 (9.09) 1.09 (69.72)
Pre-Provision Earnings per Share 0.90 1.02 (11.76) 1.11 (75.68)

   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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