Slide 1

Financial Highlights

Financial Highlights
2019 FQ1
3/31/2019
2018 FQ1
3/31/2018
Y-Y Ch (%)
2018 FQ4
12/31/2018
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 5,154,729 4,566,326 12.89 5,010,766 11.49
Total Net Loans 3,725,433 3,380,811 10.19 3,674,284 5.57
Total Deposits 3,504,260 3,256,434 7.61 3,524,048 (2.25)
Equity Attributable to Parent Company 469,843 413,081 13.74 448,184 19.33
Total Equity 469,843 413,081 13.74 448,184 19.33
Profitability (%)
Net Income($000) 17,495 16,211 7.92 17,036 10.78
Net Income Attributable to Parent($000) 17,495 16,211 7.92 17,036 10.78
ROAA 1.37 1.43 (6) bp 1.41 (4) bp
Core ROAA 1.38 1.53 (15) bp 1.42 (4) bp
ROAE 15.34 15.78 (44) bp 15.77 (43) bp
ROATCE 18.37 19.37 (100) bp 19.11 (74) bp
Core ROAE 15.44 16.84 (140) bp 15.95 (51) bp
Net Interest Margin 2.89 2.99 (10) bp 2.97 (8) bp
Reported: Net Interest Margin 2.93 3.03 (10) bp 2.95 (2) bp
Efficiency Ratio 53.25 53.79 (54) bp 53.56 (31) bp
Noninterest Inc/ Operating Rev 30.64 33.08 (244) bp 30.92 (28) bp
Balance Sheet Ratios (%)
Loans/ Deposits 106.68 104.02 266 bp 104.44 224 bp
Securities/ Assets 20.23 18.42 181 bp 19.64 59 bp
Total Equity/ Total Assets 9.11 9.05 6 bp 8.94 17 bp
Tangible Equity/ Tangible Assets 7.83 7.57 26 bp 7.62 21 bp
Tang Common Equity/ Tang Assets 7.83 7.57 26 bp 7.62 21 bp
Asset Quality (%)
NPAs/ Assets 0.38 0.43 (5) bp 0.38 0 bp
NPA Excl Restructured/ Assets 0.28 0.30 (2) bp 0.28 0 bp
NPAs & 90+ PD/ Assets 0.38 0.43 (5) bp 0.38 0 bp
NPAs/ Loans & REO 0.52 0.58 (6) bp 0.51 1 bp
Nonaccrual & 90+ & OREO/ Assets 0.28 0.30 (2) bp 0.28 0 bp
NPAs & 90+ PD/ Loans & REO 0.52 0.58 (6) bp 0.51 1 bp
NPA & Loans 90+/ Tangible Common Equity + LLR 4.59 5.38 (79) bp 4.70 (11) bp
NCOs/ Avg Loans 0.01 0.07 (6) bp 0.03 (2) bp
Loan Loss Reserves/ Gross Loans 0.74 0.76 (2) bp 0.73 1 bp
Reserves/ NPAs 141.64 131.30 1,034 bp 142.81 (117) bp
Loan Loss Provision/ NCO NM 0 NM 337.55 NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 417,376 375,044 11.29 406,340 10.86
Tier 1 Capital($000) 439,374 397,042 10.66 428,338 10.31
Tier 2 Capital($000) 27,886 26,110 6.80 27,361 7.68
Total Capital($000) 467,260 423,152 10.42 455,699 10.15
Total Risk-weighted Assets($000) 3,711,561 3,369,864 10.14 3,626,820 9.35
Tier 1 Common Capital (CET1) Ratio(%) 11.25 11.13 12 bp 11.20 5 bp
Tier 1 Ratio(%) 11.84 11.78 6 bp 11.81 3 bp
Total Capital Ratio(%) 12.59 12.56 3 bp 12.56 3 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 8.69 8.84 (15) bp 8.89 (20) bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 17,305,279 17,261,730 0.25 17,302,037 0.07
Avg Diluted Shares(actual) 17,401,000 17,345,000 0.32 17,385,000 0.37
Basic Book Value per Share 27.15 23.93 13.46 25.90 19.31
Book Value per Share, As Reported 27.15 23.93 13.46 25.90 19.31
Basic Tangible Book Value per Share 23 19.71 16.69 21.74 23.18
Tangible Book Value per Share, As Reported 23 19.71 16.69 21.74 23.18
Common Dividends Declared per Share 0.47 0.43 9.30 0.47 0
EPS after Extra 1 0.93 7.53 0.98 8.16
EPS after Extra Growth(%) 7.50 36.80 (2,923) bp 113 (10,551) bp
Core EPS 1.01 0.99 2.02 0.99 8.08
Core EPS Growth(%) 1.40 43.80 (4,235) bp 17.10 (1,569) bp
Diluted EPS before Amortization 1.01 0.94 7.45 0.99 8.08
Pre-Provision Earnings per Share 1.03 0.98 5.10 1.02 3.92

   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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