Financial Highlights

Financial Highlights
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
2014 FY
12/31/2014
2013 FY
12/31/2013
Balance Sheet ($000)
Total Assets 1,170,354 1,032,599 931,638 755,657 713,125
Total Net Loans 903,838 808,700 733,023 564,817 540,145
Total Deposits 1,023,568 935,373 777,043 637,922 608,130
Equity Attributable to Parent Company 75,703 70,467 70,068 59,130 52,916
Total Equity 75,703 70,467 70,068 59,130 52,916
Profitability (%)
Net Income($000) 7,089 7,804 6,528 5,701 4,939
Net Income Attributable to Parent($000) 7,089 7,804 6,528 5,701 4,939
ROAA 0.64 0.78 0.74 0.78 0.71
Core ROAA 0.67 0.72 0.78 0.81 0.69
ROAE 9.50 10.71 9.16 9.95 9.36
ROATCE NA 11.48 9.83 10.55 10.04
Core ROAE 10 9.91 9.64 10.45 9.15
Net Interest Margin 3.68 3.82 4.03 3.99 3.80
Reported: Net Interest Margin 3.68 3.82 4.03 3.99 3.80
Efficiency Ratio 71.11 68.14 67.94 63.47 68.34
Noninterest Inc/ Operating Rev 13.07 12.09 10.62 10.63 11.35
Balance Sheet Ratios (%)
Loans/ Deposits 88.94 87.02 94.78 89.57 89.71
Securities/ Assets 17.02 13.18 15.03 19.16 17.64
Total Equity/ Total Assets 6.47 6.82 7.52 7.82 7.42
Tangible Equity/ Tangible Assets NA 6.43 7.08 7.70 7.28
Tang Common Equity/ Tang Assets NA 6.43 7.08 7.04 6.58
Asset Quality (%)
NPAs/ Assets NA 0.56 0.65 1.52 1.78
NPA Excl Restructured/ Assets NA 0.47 0.60 1.25 1.66
NPAs & 90+ PD/ Assets NA 0.56 0.66 1.52 1.78
NPAs/ Loans & REO NA 0.71 0.82 2.01 2.32
Nonaccrual & 90+ & OREO/ Assets NA 0.48 0.61 1.25 1.66
NPAs & 90+ PD/ Loans & REO NA 0.71 0.83 2.01 2.32
NPA & Loans 90+/ Tangible Common Equity + LLR NA 7.93 8.52 19.23 23.83
NCOs/ Avg Loans (0.01) 0.11 0.23 0.22 0.17
Loan Loss Reserves/ Gross Loans 0.83 0.88 0.83 1.18 1.16
Reserves/ NPAs NA 124.73 101.75 58.36 49.84
Loan Loss Provision/ NCO NM 218.71 66.03 132.76 192.13
Capital Adequacy
Tier 1 Common Capital (CET1)($000) NA 70,431 64,089 51,560 47,693
Tier 1 Capital($000) NA 70,431 64,089 56,560 52,693
Tier 2 Capital($000) NA 14,717 13,763 NA NA
Total Capital($000) NA 85,148 77,852 63,336 59,100
Total Risk-weighted Assets($000) NA 773,490 704,275 557,372 530,840
Tier 1 Common Capital (CET1) Ratio(%) 8.50 9.10 9.10 9.25 8.98
Tier 1 Ratio(%) 8.50 9.10 9.10 10.15 9.93
Total Capital Ratio(%) 11.30 11 11 11.36 11.13
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 6.50 6.80 7.10 7.43 7.52
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 4,242,216 4,233,297 4,226,717 3,497,829 3,494,397
Avg Diluted Shares(actual) 4,236,616 4,229,284 4,106,548 3,495,705 3,491,653
Basic Book Value per Share 17.85 16.65 16.58 15.48 13.71
As-reported Book Value per Share 17.85 16.65 16.58 15.48 13.71
Basic Tangible Book Value per Share NA 15.63 15.53 15.18 13.41
Reported: Tangible Book Value 16.82 15.59 15.49 15.13 13.35
Common Dividends Declared per Share 0.77 0.68 0.44 0.45 0.25
EPS after Extra 1.67 1.85 1.47 1.53 1.32
EPS after Extra Growth(%) (9.70) 25.90 (3.90) 15.90 3.90
Core EPS 1.76 1.71 1.55 1.61 1.29
Core EPS Growth(%) 2.70 10.30 (3.60) 25 5.50
Diluted EPS before Amortization NA 1.87 1.49 1.54 1.33
Pre-Provision Earnings per Share 1.91 1.69 1.41 1.61 1.32
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