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Financial Highlights

Financial Highlights
2015 FY
12/31/2015
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FY
12/31/2018
2019 FQ3 YTD
9/30/2019
Balance Sheet ($000)
Total Assets 1,330,372 1,628,919 1,796,607 1,873,665 1,858,542
Total Net Loans 1,129,748 1,344,149 1,520,879 1,586,775 1,548,988
Total Deposits 1,046,942 1,289,037 1,398,405 1,502,244 1,470,284
Total Equity 131,769 145,895 161,027 174,196 176,012
Profitability (%)
Net Income($000) 9,030 12,350 13,830 17,433 14,744
ROAA 0.75 0.85 0.80 0.94 1.05
ROAE 6.76 8.94 8.93 10.19 11.03
ROATCE 6.76 9.05 9.04 10.28 11.11
Net Interest Margin 3.77 3.54 3.30 3.18 3.07
Efficiency Ratio 61.66 55.88 54.34 58.95 58.08
Noninterest Inc/ Operating Rev 7.53 5.15 7.71 6.13 9.36
Balance Sheet Ratios (%)
Loans/ Deposits 109.26 105.65 110.11 106.66 106.25
Securities/ Assets 4.31 6.91 6.84 6.66 6.08
Total Equity/ Total Assets 9.90 8.96 8.96 9.30 9.47
Tangible Equity/ Tangible Assets 9.68 8.78 8.81 9.16 9.33
Tang Common Equity/ Tang Assets 9.68 8.78 8.81 9.16 9.33
Asset Quality (%)
NPAs/ Assets 0.85 0.28 0.55 0.95 0.70
NPAs & 90+ PD/ Assets 0.93 0.28 0.55 0.95 0.70
NPAs/ Loans & REO 0.99 0.34 0.64 1.11 0.83
Nonaccrual & 90+ & OREO/ Assets 0.46 0.20 0.31 0.75 0.53
NPA & Loans 90+/ Tangible Common Equity + LLR 8.68 2.84 5.56 9.51 6.96
NCOs/ Avg Loans (0.01) 0.01 0.03 0.44 0.20
Loan Loss Reserves/ Gross Loans 1.24 1.32 1.23 0.97 0.85
Reserves/ NPAs 125.61 393.22 192.21 87.04 101.80
Loan Loss Provision/ NCO NM NM 320.05 49.99 5.34
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 128,692 141,338 155,977 172,415 184,441
Tier 1 Capital($000) 128,692 141,338 155,977 172,415 184,441
Tier 2 Capital($000) 39,175 43,033 44,007 40,620 38,406
Total Capital($000) 167,867 184,371 199,984 213,035 222,847
Total Risk-weighted Assets($000) 1,178,940 1,360,376 1,585,975 1,656,244 1,608,030
Tier 1 Common Capital (CET1) Ratio(%) 10.92 10.39 9.83 10.41 11.47
Tier 1 Ratio(%) 10.92 10.39 9.83 10.41 11.47
Total Capital Ratio(%) 14.24 13.55 12.61 12.86 13.85
Leverage Ratio(%) 9.75 9.06 8.59 9.13 9.86
Per Share Information ($)
Common Shares Outstanding(actual) 7,516,291 7,620,663 7,751,424 7,842,271 7,841,103
Avg Diluted Shares(actual) 7,140,558 7,491,052 7,670,413 7,775,480 7,788,839
Basic Book Value per Share 17.53 19.14 20.77 22.21 22.45
Book Value per Share, As Reported 17.87 19.39 20.98 22.43 22.70
Basic Tangible Book Value per Share 17.10 18.74 20.39 21.85 22.09
Tangible Book Value per Share, As Reported 17.43 18.98 20.59 22.06 22.34
Common Dividends Declared per Share 0.05 0.22 0.28 0.48 0.39
EPS 1.21 1.62 1.78 2.21 1.87
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