Financial Highlights

Financial Highlights
2020 FQ3 YTD
9/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Balance Sheet ($000)
Total Assets 3,052,935 2,231,175 2,077,981 1,170,354 1,032,599
Total Net Loans 2,540,595 1,761,663 1,617,372 903,838 808,700
Total Deposits 2,456,398 1,912,394 1,726,026 1,023,568 935,373
Equity Attributable to Parent Company 248,189 237,874 223,209 75,703 70,467
Total Equity 248,189 237,874 223,209 75,703 70,467
COVID-19 Financial Disclosure
Paycheck Protection Program Loan($000) NA NA NA NA NA
PPP Loan Ratio(%) NA NA NA NA NA
COVID-19 Loan Modification($000) NA NA NA NA NA
COVID-19 Loan Modification Ratio(%) NA NA NA NA NA
Processing Fees on PPP Loans($000) NA NA NA NA NA
Profitability (%)
Net Income($000) 17,198 17,701 10,596 7,089 7,804
Net Income Attributable to Parent($000) 17,198 17,701 10,596 7,089 7,804
ROAA 0.86 0.82 0.64 0.64 0.78
Core ROAA 0.84 0.80 0.88 0.79 0.72
ROAE 9.50 7.67 6.04 9.48 10.71
ROATCE NA 11.65 8.74 10.13 11.48
Core ROAE 9.32 7.50 8.34 11.62 9.91
Net Interest Margin 3.28 3.57 3.67 3.68 3.82
Reported: Net Interest Margin 3.29 3.57 3.67 3.68 3.82
Efficiency Ratio 67.94 71.55 69.26 68.93 68.15
Noninterest Inc/ Operating Rev 15.95 13.24 10.64 13.10 12.14
Balance Sheet Ratios (%)
Loans/ Deposits 102.66 92.18 94.09 88.94 87.02
Securities/ Assets 5.18 8.02 13.83 17.06 13.18
Total Equity/ Total Assets 8.13 10.66 10.74 6.47 6.82
Tangible Equity/ Tangible Assets 6.05 7.83 7.63 6.13 6.43
Tang Common Equity/ Tang Assets 6.05 7.83 7.63 6.13 6.43
Asset Quality (%)
NPAs/ Assets 0.49 0.54 0.59 0.97 0.56
NPA Excl Restructured/ Assets 0.48 0.52 0.57 0.92 0.47
NPAs & 90+ PD/ Assets 0.49 0.54 0.59 0.97 0.56
NPAs/ Loans & REO 0.59 0.69 0.76 1.24 0.71
Nonaccrual & 90+ & OREO/ Assets 0.48 0.52 0.57 0.92 0.48
NPAs & 90+ PD/ Loans & REO 0.59 0.69 0.76 1.24 0.71
NPA & Loans 90+/ Tangible Common Equity + LLR 7.83 6.80 7.60 14.30 7.93
NCOs/ Avg Loans 0 0.02 (0.02) (0.01) 0.11
Loan Loss Reserves/ Gross Loans 0.48 0.54 0.52 0.83 0.88
Reserves/ NPAs 80.69 78.27 68.36 67.26 124.73
Loan Loss Provision/ NCO NM 511.03 NM NM 218.71
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 180,579 168,146 155,662 74,417 70,431
Tier 1 Capital($000) 180,579 168,146 155,662 74,417 70,431
Tier 2 Capital($000) 54,225 36,665 35,638 25,049 14,717
Total Capital($000) 234,804 204,811 191,300 99,466 85,148
Total Risk-weighted Assets($000) 1,900,832 1,715,776 1,556,620 881,059 773,490
Tier 1 Common Capital (CET1) Ratio(%) 9.50 9.80 10 8.45 9.10
Tier 1 Ratio(%) 9.50 9.80 10 8.45 9.10
Total Capital Ratio(%) 12.30 11.90 12.30 11.29 11
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 6.60 7.80 8 6.49 6.80
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 8,415,589 8,480,938 8,459,918 4,242,216 4,233,297
Avg Diluted Shares(actual) 8,447,997 8,492,073 7,091,797 4,252,561 4,239,630
Basic Book Value per Share 29.49 28.05 26.38 17.85 16.65
Book Value per Share, As Reported 29.49 28.05 26.38 17.85 16.65
Basic Tangible Book Value per Share 21.46 19.97 18.12 16.85 15.63
Tangible Book Value per Share, As Reported 21.46 19.96 18.10 16.82 15.59
Common Dividends Declared per Share 0.59 0.79 0.45 0.77 0.68
EPS after Extra 2.04 2.09 1.48 1.67 1.85
EPS after Extra Growth(%) 29.90 41.20 (11.40) (9.70) 25.90
Core EPS 2 2.04 2.05 2.05 1.71
Core EPS Growth(%) 28.40 (0.40) 0.20 19.50 10.30
Diluted EPS before Amortization NA 2.26 1.65 1.69 1.87
Pre-Provision Earnings per Share 2.13 1.95 1.90 1.91 1.69
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