Slide 1

Financial Highlights

Financial Highlights
2018 FQ4
12/31/2018
2017 FQ4
12/31/2017
Y-Y Ch (%)
2018 FQ3
9/30/2018
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 5,010,766 4,529,850 10.62 4,770,672 20.13
Total Net Loans 3,674,284 3,374,526 8.88 3,552,265 13.74
Total Deposits 3,524,048 3,242,707 8.68 3,414,348 12.85
Equity Attributable to Parent Company 448,184 413,284 8.44 427,909 18.95
Total Equity 448,184 413,284 8.44 427,909 18.95
Profitability (%)
Net Income($000) 17,036 7,982 113.43 17,511 (10.85)
Net Income Attributable to Parent($000) 17,036 7,982 113.43 17,511 (10.85)
ROAA 1.41 0.71 70 bp 1.48 (7) bp
Core ROAA 1.42 1.30 12 bp 1.50 (8) bp
ROAE 15.77 7.65 812 bp 16.43 (66) bp
ROATCE 19.11 9.43 968 bp 19.97 (86) bp
Core ROAE 15.95 13.91 204 bp 16.61 (66) bp
Net Interest Margin 2.97 2.97 0 bp 3.02 (5) bp
Reported: Net Interest Margin 2.95 2.95 0 bp 2.99 (4) bp
Efficiency Ratio 53.56 52.82 74 bp 52.69 87 bp
Noninterest Inc/ Operating Rev 30.92 34.42 (350) bp 31.27 (35) bp
Balance Sheet Ratios (%)
Loans/ Deposits 104.44 104.05 39 bp 104.15 29 bp
Securities/ Assets 19.64 18.41 123 bp 18.20 144 bp
Total Equity/ Total Assets 8.94 9.12 (18) bp 8.97 (3) bp
Tangible Equity/ Tangible Assets 7.62 7.63 (1) bp 7.57 5 bp
Tang Common Equity/ Tang Assets 7.62 7.63 (1) bp 7.57 5 bp
Asset Quality (%)
NPAs/ Assets NA 0.46 NA 0.40 NA
NPA Excl Restructured/ Assets 0.28 0.34 (6) bp 0.29 (1) bp
NPAs & 90+ PD/ Assets NA 0.46 NA 0.40 NA
NPAs/ Loans & REO NA 0.61 NA 0.53 NA
Nonaccrual & 90+ & OREO/ Assets 0.28 0.34 (6) bp 0.29 (1) bp
NPAs & 90+ PD/ Loans & REO NA 0.61 NA 0.53 NA
NPA & Loans 90+/ Tangible Common Equity + LLR NA 5.65 NA 4.95 NA
NCOs/ Avg Loans 0.03 0.12 (9) bp 0 3 bp
Loan Loss Reserves/ Gross Loans 0.73 0.78 (5) bp 0.74 (1) bp
Reserves/ NPAs NA 127.78 NA 140.12 NA
Loan Loss Provision/ NCO 337.55 19.61 31,794 bp NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) NA 367,291 NA 396,651 NA
Tier 1 Capital($000) NA 389,289 NA 418,649 NA
Tier 2 Capital($000) NA 26,749 NA 26,799 NA
Total Capital($000) NA 416,038 NA 445,448 NA
Total Risk-weighted Assets($000) NA 3,342,062 NA 3,489,568 NA
Tier 1 Common Capital (CET1) Ratio(%) 11.20 10.99 21 bp 11.37 (17) bp
Tier 1 Ratio(%) 11.81 11.65 16 bp 12 (19) bp
Total Capital Ratio(%) 12.56 12.45 11 bp 12.77 (21) bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 8.89 8.79 10 bp 8.91 (2) bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 17,302,000 17,226,508 0.44 17,290,443 0.27
Avg Diluted Shares(actual) 17,385,000 17,349,000 0.21 17,382,000 0.07
Basic Book Value per Share 25.90 23.99 7.96 24.75 18.59
Book Value per Share, As Reported 25.90 23.99 7.96 24.75 18.59
Basic Tangible Book Value per Share 21.74 19.75 10.08 20.57 22.75
Tangible Book Value per Share, As Reported 21.74 19.75 10.08 20.57 22.75
Common Dividends Declared per Share 0.47 0.39 20.51 0.43 37.21
EPS after Extra 0.98 0.46 113.04 1.01 (11.88)
EPS after Extra Growth(%) 113 (34.30) 14,733 bp 34.70 7,837 bp
Core EPS 0.99 0.84 17.86 1.02 (11.76)
Core EPS Growth(%) 18.20 17.70 49 bp 32.90 (1,463) bp
Diluted EPS before Amortization 0.99 0.47 110.64 1.02 (11.76)
Pre-Provision Earnings per Share 1.02 0.81 25.93 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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