Slide 1

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 4,566,326 4,388,763 4.05 4,529,850 3.22
Total Net Loans 3,380,811 3,223,828 4.87 3,374,526 0.74
Total Deposits 3,256,434 3,115,571 4.52 3,242,707 1.69
Equity Attributable to Parent Company 413,081 397,785 3.85 413,284 (0.20)
Total Equity 413,081 397,785 3.85 413,284 (0.20)
Profitability (%)
Net Income($000) 16,211 11,782 37.59 7,982 412.38
Net Income Attributable to Parent($000) 16,211 11,782 37.59 7,982 412.38
ROAA 1.43 1.08 35 bp 0.71 72 bp
Core ROAA 1.45 1.10 35 bp 1.30 15 bp
ROAE 15.78 11.87 391 bp 7.65 813 bp
ROATCE 19.37 14.78 459 bp 9.43 994 bp
Core ROAE 15.97 12.05 392 bp 13.91 206 bp
Net Interest Margin 2.99 2.83 16 bp 2.97 2 bp
Reported: Net Interest Margin 3.03 2.87 16 bp 2.95 8 bp
Efficiency Ratio 56.15 57.09 (94) bp 52.82 333 bp
Noninterest Inc/ Operating Rev 33.08 33.60 (52) bp 34.42 (134) bp
Balance Sheet Ratios (%)
Loans/ Deposits 104.02 103.51 51 bp 104.05 (3) bp
Securities/ Assets 18.42 18.53 (11) bp 18.41 1 bp
Total Equity/ Total Assets 9.05 9.06 (1) bp 9.12 (7) bp
Tangible Equity/ Tangible Assets 7.57 7.51 6 bp 7.63 (6) bp
Tang Common Equity/ Tang Assets 7.57 7.51 6 bp 7.63 (6) bp
Asset Quality (%)
NPAs/ Assets 0.43 0.80 (37) bp 0.46 (3) bp
NPA Excl Restructured/ Assets 0.30 0.54 (24) bp 0.34 (4) bp
NPAs & 90+ PD/ Assets 0.43 0.80 (37) bp 0.46 (3) bp
NPAs/ Loans & REO 0.58 1.08 (50) bp 0.61 (3) bp
Nonaccrual & 90+ & OREO/ Assets 0.30 0.54 (24) bp 0.34 (4) bp
NPAs & 90+ PD/ Loans & REO 0.58 1.08 (50) bp 0.61 (3) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 5.38 10.05 (467) bp 5.65 (27) bp
NCOs/ Avg Loans 0.07 (0.01) 8 bp 0.12 (5) bp
Loan Loss Reserves/ Gross Loans 0.76 0.81 (5) bp 0.78 (2) bp
Reserves/ NPAs 131.30 75.16 5,614 bp 127.78 352 bp
Loan Loss Provision/ NCO 0 NM NM 19.61 (1,961) bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 375,044 347,782 7.84 367,291 8.44
Tier 1 Capital($000) 397,042 369,781 7.37 389,289 7.97
Tier 2 Capital($000) 26,110 26,687 (2.16) 26,749 (9.56)
Total Capital($000) 423,152 396,468 6.73 416,038 6.84
Total Risk-weighted Assets($000) 3,369,864 3,203,564 5.19 3,342,062 3.33
Tier 1 Common Capital (CET1) Ratio(%) 11.13 10.86 27 bp 10.99 14 bp
Tier 1 Ratio(%) 11.78 11.54 24 bp 11.65 13 bp
Total Capital Ratio(%) 12.56 12.38 18 bp 12.45 11 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 8.84 8.58 26 bp 8.79 5 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 17,261,730 17,193,025 0.40 17,226,508 0.82
Avg Diluted Shares(actual) 17,345,000 17,293,000 0.30 17,349,000 (0.09)
Basic Book Value per Share 23.93 23.14 3.41 23.99 (1)
As-reported Book Value per Share 23.93 23.14 3.41 23.99 (1)
Basic Tangible Book Value per Share 19.71 18.83 4.67 19.75 (0.81)
Reported: Tangible Book Value 19.71 18.83 4.67 19.75 (0.81)
Common Dividends Declared per Share 0.43 0.38 13.16 0.39 41.03
EPS after Extra 0.93 0.68 36.76 0.46 408.70
EPS after Extra Growth(%) 36.80 6.30 3,051 bp (34.30) 7,105 bp
Core EPS 0.94 0.69 36.23 0.84 47.62
Core EPS Growth(%) 36.30 5.80 3,049 bp 17.70 1,860 bp
Diluted EPS before Amortization 0.94 0.70 34.29 0.47 400
Pre-Provision Earnings per Share 0.93 0.67 38.81 0.81 59.26

   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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