Slide 1

Financial Highlights

Financial Highlights
2019 FQ3
9/30/2019
2018 FQ3
9/30/2018
Y-Y Ch (%)
2019 FQ2
6/30/2019
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 5,198,878 4,770,672 8.98 5,189,672 0.71
Total Net Loans 3,795,766 3,552,265 6.85 3,742,937 5.65
Total Deposits 3,586,153 3,414,348 5.03 3,504,622 9.31
Equity Attributable to Parent Company 497,825 427,909 16.34 484,205 11.25
Total Equity 497,825 427,909 16.34 484,205 11.25
Profitability (%)
Net Income($000) 18,814 17,511 7.44 17,273 35.69
Net Income Attributable to Parent($000) 18,814 17,511 7.44 17,273 35.69
ROAA 1.45 1.48 (3) bp 1.34 11 bp
Core ROAA 1.47 1.50 (3) bp 1.36 11 bp
ROAE 15.35 16.43 (108) bp 14.57 78 bp
ROATCE 18.12 19.97 (185) bp 17.31 81 bp
Core ROAE 15.50 16.61 (111) bp 14.78 72 bp
Net Interest Margin 2.74 3.02 (28) bp 2.80 (6) bp
Reported: Net Interest Margin 2.72 2.99 (27) bp 2.81 (9) bp
Efficiency Ratio 51.57 52.69 (112) bp 54.70 (313) bp
Noninterest Inc/ Operating Rev 35.74 31.27 447 bp 33.21 253 bp
Balance Sheet Ratios (%)
Loans/ Deposits 105.35 104.15 120 bp 106.44 (109) bp
Securities/ Assets 17.93 18.20 (27) bp 19.63 (170) bp
Total Equity/ Total Assets 9.58 8.97 61 bp 9.33 25 bp
Tangible Equity/ Tangible Assets 8.32 7.57 75 bp 8.06 26 bp
Tang Common Equity/ Tang Assets 8.32 7.57 75 bp 8.06 26 bp
Asset Quality (%)
NPAs/ Assets 0.37 0.40 (3) bp 0.30 7 bp
NPA Excl Restructured/ Assets 0.37 0.29 8 bp 0.29 8 bp
NPAs & 90+ PD/ Assets 0.37 0.40 (3) bp 0.30 7 bp
NPAs/ Loans & REO 0.51 0.53 (2) bp 0.41 10 bp
Nonaccrual & 90+ & OREO/ Assets 0.37 0.29 8 bp 0.29 8 bp
NPAs & 90+ PD/ Loans & REO 0.51 0.53 (2) bp 0.41 10 bp
NPA & Loans 90+/ Tangible Common Equity + LLR 4.28 4.95 (67) bp 3.50 78 bp
NCOs/ Avg Loans 0.08 0 8 bp 0.08 0 bp
Loan Loss Reserves/ Gross Loans 0.71 0.74 (3) bp 0.73 (2) bp
Reserves/ NPAs 139 140.12 (112) bp 178.04 (3,904) bp
Loan Loss Provision/ NCO 49.94 NM NM 68.09 (1,815) bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 437,142 396,651 10.21 426,284 10.19
Tier 1 Capital($000) 459,140 418,649 9.67 448,282 9.69
Tier 2 Capital($000) 27,314 26,799 1.92 27,700 (5.57)
Total Capital($000) 486,454 445,448 9.21 475,982 8.80
Total Risk-weighted Assets($000) 3,760,442 3,489,568 7.76 3,718,369 4.53
Tier 1 Common Capital (CET1) Ratio(%) 11.62 11.37 25 bp 11.46 16 bp
Tier 1 Ratio(%) 12.21 12 21 bp 12.06 15 bp
Total Capital Ratio(%) 12.94 12.77 17 bp 12.80 14 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 8.97 8.91 6 bp 8.76 21 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 17,338,348 17,290,443 0.28 17,335,869 0.06
Avg Diluted Shares(actual) 17,414,000 17,382,000 0.18 17,405,000 0.21
Basic Book Value per Share 28.71 24.75 16 27.93 11.17
Book Value per Share, As Reported 28.71 24.75 16 27.93 11.17
Basic Tangible Book Value per Share 24.60 20.57 19.59 23.80 13.45
Tangible Book Value per Share, As Reported 24.60 20.57 19.59 23.80 13.45
Common Dividends Declared per Share 0.51 0.43 18.60 0.51 0
EPS after Extra 1.08 1.01 6.93 0.99 36.36
EPS after Extra Growth(%) 6.90 34.70 (2,774) bp (2) 891 bp
Core EPS 1.09 1.02 6.86 1 36
Core EPS Growth(%) 6.80 32.90 (2,605) bp (2.10) 893 bp
Diluted EPS before Amortization 1.09 1.02 6.86 1 36
Pre-Provision Earnings per Share 1.11 1.03 7.77 1.02 35.29

   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.


Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.