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Financial Highlights

Financial Highlights
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FY
12/31/2018
2019 FY
12/31/2019
2020 FQ2 YTD
6/30/2020
Balance Sheet ($000)
Total Assets 1,628,919 1,796,607 1,873,665 1,882,182 2,043,635
Total Net Loans 1,344,149 1,520,879 1,586,775 1,588,840 1,590,995
Total Deposits 1,289,037 1,398,405 1,502,244 1,491,903 1,619,964
Total Equity 145,895 161,027 174,196 182,397 170,360
Profitability (%)
Net Income($000) 12,350 13,830 17,433 18,216 2,577
ROAA 0.85 0.80 0.94 0.97 0.26
ROAE 8.94 8.93 10.19 10.20 2.91
ROATCE 9.05 9.04 10.28 10.28 2.94
Net Interest Margin 3.54 3.30 3.18 3.03 2.89
Efficiency Ratio 55.88 54.34 58.95 59.91 65.69
Noninterest Inc/ Operating Rev 5.15 7.71 6.13 8.93 5.77
Balance Sheet Ratios (%)
Loans/ Deposits 105.65 110.11 106.66 107.40 99.43
Securities/ Assets 6.91 6.84 6.66 5.76 5.31
Total Equity/ Total Assets 8.96 8.96 9.30 9.69 8.34
Tangible Equity/ Tangible Assets 8.78 8.81 9.16 9.56 8.21
Tang Common Equity/ Tang Assets 8.78 8.81 9.16 9.56 8.21
Asset Quality (%)
NPAs/ Assets 0.28 0.55 0.95 0.98 0.91
NPAs & 90+ PD/ Assets 0.28 0.55 0.95 1.16 0.91
NPAs/ Loans & REO 0.34 0.64 1.11 1.16 1.15
Nonaccrual & 90+ & OREO/ Assets 0.20 0.31 0.75 0.74 0.53
NPA & Loans 90+/ Tangible Common Equity + LLR 2.84 5.56 9.51 11.35 9.91
NCOs/ Avg Loans 0.01 0.03 0.44 0.15 0
Loan Loss Reserves/ Gross Loans 1.32 1.23 0.97 0.84 1.22
Reserves/ NPAs 393.22 192.21 87.04 72.93 105.95
Loan Loss Provision/ NCO NM 320.05 49.99 18.28 NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 141,338 155,977 172,415 187,155 187,364
Tier 1 Capital($000) 141,338 155,977 172,415 187,155 187,364
Tier 2 Capital($000) 43,033 44,007 40,620 38,716 44,895
Total Capital($000) 184,371 199,984 213,035 225,871 232,259
Total Risk-weighted Assets($000) 1,360,376 1,585,975 1,656,244 1,646,042 1,653,698
Tier 1 Common Capital (CET1) Ratio(%) 10.39 9.83 10.41 11.37 11.33
Tier 1 Ratio(%) 10.39 9.83 10.41 11.37 11.33
Total Capital Ratio(%) 13.55 12.61 12.86 13.72 14.04
Leverage Ratio(%) 9.06 8.59 9.13 9.97 9.04
Per Share Information ($)
Common Shares Outstanding(actual) 7,620,663 7,751,424 7,842,271 7,868,803 7,887,503
Avg Diluted Shares(actual) 7,491,052 7,670,413 7,775,480 7,784,631 7,748,104
Basic Book Value per Share 19.14 20.77 22.21 23.18 21.60
Book Value per Share, As Reported 19.39 20.98 22.43 23.51 22.06
Basic Tangible Book Value per Share 18.74 20.39 21.85 22.82 21.25
Tangible Book Value per Share, As Reported 18.98 20.59 22.06 23.15 21.70
Common Dividends Declared per Share 0.22 0.28 0.48 0.52 0.28
EPS 1.62 1.78 2.21 2.31 0.33
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