Slide 1

Financial Highlights

Financial Highlights
2018 FQ2
6/30/2018
2017 FQ2
6/30/2017
Y-Y Ch (%)
2018 FQ1
3/31/2018
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 4,737,242 4,375,529 8.27 4,566,326 14.97
Total Net Loans 3,499,263 3,206,222 9.14 3,380,811 14.01
Total Deposits 3,321,611 3,021,189 9.94 3,256,434 8.01
Equity Attributable to Parent Company 421,571 406,042 3.82 413,081 8.22
Total Equity 421,571 406,042 3.82 413,081 8.22
Profitability (%)
Net Income($000) 17,674 13,199 33.90 16,211 36.10
Net Income Attributable to Parent($000) 17,674 13,199 33.90 16,211 36.10
ROAA 1.53 1.21 32 bp 1.43 10 bp
Core ROAA 1.55 1.25 30 bp 1.53 2 bp
ROAE 16.98 13.06 392 bp 15.78 120 bp
ROATCE 20.75 16.26 449 bp 19.37 138 bp
Core ROAE 17.25 13.46 379 bp 16.84 41 bp
Net Interest Margin 3.05 2.96 9 bp 2.99 6 bp
Reported: Net Interest Margin 3.05 2.97 8 bp 3.03 2 bp
Efficiency Ratio 52.46 54.30 (184) bp 53.79 (133) bp
Noninterest Inc/ Operating Rev 32.57 35.98 (341) bp 33.08 (51) bp
Balance Sheet Ratios (%)
Loans/ Deposits 105.08 105.92 (84) bp 104.02 106 bp
Securities/ Assets 17.61 18.47 (86) bp 18.42 (81) bp
Total Equity/ Total Assets 8.90 9.28 (38) bp 9.05 (15) bp
Tangible Equity/ Tangible Assets 7.48 7.73 (25) bp 7.57 (9) bp
Tang Common Equity/ Tang Assets 7.48 7.73 (25) bp 7.57 (9) bp
Asset Quality (%)
NPAs/ Assets 0.44 0.76 (32) bp 0.43 1 bp
NPA Excl Restructured/ Assets 0.32 0.49 (17) bp 0.30 2 bp
NPAs & 90+ PD/ Assets 0.44 0.76 (32) bp 0.43 1 bp
NPAs/ Loans & REO 0.59 1.02 (43) bp 0.58 1 bp
Nonaccrual & 90+ & OREO/ Assets 0.32 0.49 (17) bp 0.30 2 bp
NPAs & 90+ PD/ Loans & REO 0.59 1.02 (43) bp 0.58 1 bp
NPA & Loans 90+/ Tangible Common Equity + LLR 5.52 9.23 (371) bp 5.38 14 bp
NCOs/ Avg Loans 0.01 0.06 (5) bp 0.07 (6) bp
Loan Loss Reserves/ Gross Loans 0.74 0.82 (8) bp 0.76 (2) bp
Reserves/ NPAs 126.46 80.46 4,600 bp 131.30 (484) bp
Loan Loss Provision/ NCO 444.44 144.63 29,981 bp 0 44,444 bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 386,110 354,942 8.78 375,044 11.80
Tier 1 Capital($000) 408,108 376,940 8.27 397,042 11.15
Tier 2 Capital($000) 26,463 26,945 (1.79) 26,110 5.41
Total Capital($000) 434,571 403,885 7.60 423,152 10.79
Total Risk-weighted Assets($000) 3,446,989 3,161,346 9.04 3,369,864 9.15
Tier 1 Common Capital (CET1) Ratio(%) 11.20 11.23 (3) bp 11.13 7 bp
Tier 1 Ratio(%) 11.84 11.92 (8) bp 11.78 6 bp
Total Capital Ratio(%) 12.61 12.78 (17) bp 12.56 5 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 8.87 8.78 9 bp 8.84 3 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 17,278,116 17,209,699 0.40 17,261,730 0.38
Avg Diluted Shares(actual) 17,387,000 17,316,000 0.41 17,345,000 0.97
Basic Book Value per Share 24.40 23.59 3.43 23.93 7.86
As-reported Book Value per Share 24.40 23.59 3.43 23.93 7.86
Basic Tangible Book Value per Share 20.20 19.32 4.55 19.71 9.94
Reported: Tangible Book Value 20.20 19.32 4.55 19.71 9.94
Common Dividends Declared per Share 0.43 0.38 13.16 0.43 0
EPS after Extra 1.01 0.76 32.89 0.93 34.41
EPS after Extra Growth(%) 32.90 18.80 1,414 bp 36.80 (387) bp
Core EPS 1.03 0.78 32.05 0.99 16.16
Core EPS Growth(%) 31 24.40 663 bp 43.80 (1,277) bp
Diluted EPS before Amortization 1.02 0.78 30.77 0.94 34.04
Pre-Provision Earnings per Share 1.04 0.77 35.06 0.98 24.49

   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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