Slide 1

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 5,189,672 4,737,242 9.55 5,154,729 2.71
Total Net Loans 3,742,937 3,499,263 6.96 3,725,433 1.88
Total Deposits 3,504,622 3,321,611 5.51 3,504,260 0.04
Equity Attributable to Parent Company 484,205 421,571 14.86 469,843 12.23
Total Equity 484,205 421,571 14.86 469,843 12.23
Profitability (%)
Net Income($000) 17,273 17,674 (2.27) 17,495 (5.08)
Net Income Attributable to Parent($000) 17,273 17,674 (2.27) 17,495 (5.08)
ROAA 1.34 1.53 (19) bp 1.37 (3) bp
Core ROAA 1.36 1.55 (19) bp 1.38 (2) bp
ROAE 14.57 16.98 (241) bp 15.34 (77) bp
ROATCE 17.31 20.75 (344) bp 18.37 (106) bp
Core ROAE 14.78 17.25 (247) bp 15.44 (66) bp
Net Interest Margin 2.80 3.05 (25) bp 2.89 (9) bp
Reported: Net Interest Margin 2.81 3.05 (24) bp 2.93 (12) bp
Efficiency Ratio 54.70 52.46 224 bp 53.25 145 bp
Noninterest Inc/ Operating Rev 33.21 32.57 64 bp 30.64 257 bp
Balance Sheet Ratios (%)
Loans/ Deposits 106.44 105.08 136 bp 106.68 (24) bp
Securities/ Assets 19.63 17.61 202 bp 20.23 (60) bp
Total Equity/ Total Assets 9.33 8.90 43 bp 9.11 22 bp
Tangible Equity/ Tangible Assets 8.06 7.48 58 bp 7.83 23 bp
Tang Common Equity/ Tang Assets 8.06 7.48 58 bp 7.83 23 bp
Asset Quality (%)
NPAs/ Assets 0.30 0.44 (14) bp 0.38 (8) bp
NPA Excl Restructured/ Assets 0.29 0.32 (3) bp 0.28 1 bp
NPAs & 90+ PD/ Assets 0.30 0.44 (14) bp 0.38 (8) bp
NPAs/ Loans & REO 0.41 0.59 (18) bp 0.52 (11) bp
Nonaccrual & 90+ & OREO/ Assets 0.29 0.32 (3) bp 0.28 1 bp
NPAs & 90+ PD/ Loans & REO 0.41 0.59 (18) bp 0.52 (11) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 3.50 5.52 (202) bp 4.59 (109) bp
NCOs/ Avg Loans 0.08 0.01 7 bp 0.01 7 bp
Loan Loss Reserves/ Gross Loans 0.73 0.74 (1) bp 0.74 (1) bp
Reserves/ NPAs 178.04 126.46 5,158 bp 141.64 3,640 bp
Loan Loss Provision/ NCO 68.09 444.44 (37,635) bp NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 426,284 386,110 10.40 417,376 8.54
Tier 1 Capital($000) 448,282 408,108 9.84 439,374 8.11
Tier 2 Capital($000) 27,700 26,463 4.67 27,886 (2.67)
Total Capital($000) 475,982 434,571 9.53 467,260 7.47
Total Risk-weighted Assets($000) 3,718,369 3,446,989 7.87 3,711,561 0.73
Tier 1 Common Capital (CET1) Ratio(%) 11.46 11.20 26 bp 11.25 21 bp
Tier 1 Ratio(%) 12.06 11.84 22 bp 11.84 22 bp
Total Capital Ratio(%) 12.80 12.61 19 bp 12.59 21 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 8.76 8.87 (11) bp 8.69 7 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 17,335,869 17,278,116 0.33 17,305,279 0.71
Avg Diluted Shares(actual) 17,405,000 17,387,000 0.10 17,401,000 0.09
Basic Book Value per Share 27.93 24.40 14.47 27.15 11.49
Book Value per Share, As Reported 27.93 24.40 14.47 27.15 11.49
Basic Tangible Book Value per Share 23.80 20.20 17.82 23 13.91
Tangible Book Value per Share, As Reported 23.80 20.20 17.82 23 13.91
Common Dividends Declared per Share 0.51 0.43 18.60 0.47 34.04
EPS after Extra 0.99 1.01 (1.98) 1 (4)
EPS after Extra Growth(%) (2) 32.90 (3,487) bp 7.50 (951) bp
Core EPS 1 1.03 (2.91) 1.01 (3.96)
Core EPS Growth(%) (2.10) 31 (3,313) bp 1.40 (355) bp
Diluted EPS before Amortization 1 1.02 (1.96) 1.01 (3.96)
Pre-Provision Earnings per Share 1.02 1.04 (1.92) 1.03 (3.88)

   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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