Financial Highlights

Financial Highlights
2013 FY
12/31/2013
2014 FY
12/31/2014
2015 FY
12/31/2015
2016 FY
12/31/2016
2017 FQ1 YTD
3/31/2017
Balance Sheet ($000)
Total Assets 987,060 1,110,459 1,384,476 1,418,804 1,433,951
Total Net Loans 707,430 861,601 1,126,787 1,133,938 1,139,331
Total Deposits 695,811 823,227 1,012,314 1,107,017 1,136,466
Equity Attributable to Parent Company 94,022 109,438 114,712 145,625 138,725
Total Equity 94,022 109,438 114,712 145,625 138,725
Profitability (%)
Net Income($000) 4,020 2,079 6,816 12,912 1,574
Net Income Attributable to Parent($000) 4,020 2,079 6,816 12,912 1,574
ROAA 0.51 0.20 0.56 0.90 0.45
Core ROAA 0.50 0.29 0.57 0.29 0.42
ROAE 5.11 2.01 6.08 10.50 4.56
ROATCE 7.49 2.38 8.09 13.57 5.28
Core ROAE 5.04 2.94 6.25 3.39 4.26
Net Interest Margin 3.10 3.01 3.07 3.22 3.15
Reported: Net Interest Margin 2.99 3.01 3.07 3.22 3.19
Efficiency Ratio 84.58 88.04 82.85 87.74 85.99
Noninterest Inc/ Operating Rev 52.90 42.99 49.96 45.02 45.61
Balance Sheet Ratios (%)
Loans/ Deposits 89.44 96.97 101.96 95.11 94.75
Securities/ Assets 17.16 11.52 9.51 11.86 12.44
Total Equity/ Total Assets 9.53 9.86 8.29 10.26 9.67
Tangible Equity/ Tangible Assets 7.86 8.39 6.99 9.03 8.45
Tang Common Equity/ Tang Assets 6.99 6.89 5.79 7.86 7.89
Asset Quality (%)
NPAs/ Assets 0.57 1.20 1.17 0.88 0.87
NPA Excl Restructured/ Assets 0.08 0.36 0.68 0.44 0.45
NPAs & 90+ PD/ Assets 0.62 1.68 1.23 0.88 0.87
NPAs/ Loans & REO 0.79 1.54 1.43 1.09 1.08
Nonaccrual & 90+ & OREO/ Assets 0.12 0.83 0.74 0.44 0.45
NPAs & 90+ PD/ Loans & REO 0.85 2.15 1.50 1.09 1.08
NPA & Loans 90+/ Tangible Common Equity + LLR 8.37 22.86 19.57 10.49 10.26
NCOs/ Avg Loans 0.25 0.17 0.07 0.22 0.09
Loan Loss Reserves/ Gross Loans 0.69 0.72 0.71 0.80 0.82
Reserves/ NPAs 87.72 46.66 49.45 72.82 75.42
Loan Loss Provision/ NCO 161.31 199.54 351.13 143.22 209.72
Capital Adequacy
Tier 1 Common Capital (CET1)($000) NA 77,824 82,494 114,642 115,928
Tier 1 Capital($000) 79,342 98,158 102,952 135,100 127,886
Tier 2 Capital($000) NA NA 37,424 38,993 39,311
Total Capital($000) 84,361 133,780 140,376 174,093 167,197
Total Risk-weighted Assets($000) 610,115 815,616 1,086,877 1,133,743 1,142,473
Tier 1 Common Capital (CET1) Ratio(%) NA 9.54 7.59 10.11 10.15
Tier 1 Ratio(%) 13.03 12.03 9.47 11.92 11.19
Total Capital Ratio(%) 13.80 16.40 12.91 15.36 14.63
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.28 8.98 7.77 9.54 9.24
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 7,603,740 7,983,285 8,061,921 9,996,544 9,996,544
Avg Diluted Shares(actual) 6,939,028 8,102,117 8,140,116 10,068,733 10,009,341
Basic Book Value per Share 11.25 11.66 12.20 12.93 13.09
As-reported Book Value per Share 11.10 11.59 12.20 12.93 13.09
Basic Tangible Book Value per Share 8.91 9.44 9.81 11.01 11.17
Reported: Tangible Book Value 8.85 9.44 9.81 11.01 11.17
Common Dividends Declared per Share 0.08 0.08 0.08 0.08 0.03
EPS after Extra 0.57 0.22 0.77 1.31 0.14
EPS after Extra Growth(%) (36.30) (61.40) 250 70.10 (30)
Core EPS 0.56 0.34 0.79 0.44 0.13
Core EPS Growth(%) (30) (39.20) 132 (44.60) (39.40)
Diluted EPS before Amortization 0.57 0.22 0.77 1.32 0.14
Pre-Provision Earnings per Share 0.68 0.46 0.94 0.64 0.15
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.
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