Financial Highlights
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
2014 FY
12/31/2014
Balance Sheet ($000)
Total Assets 1,096,419 1,039,798 940,211 863,696 781,196
Total Net Loans 911,399 842,787 748,064 687,487 621,134
Total Deposits 917,354 861,557 776,567 708,436 642,390
Equity Attributable to Parent Company 116,498 106,571 100,716 93,002 93,932
Total Equity 116,498 106,571 100,716 93,002 93,932
Profitability (%)
Net Income ($000) 11,206 6,502 8,631 6,347 6,017
Net Income Attributable to Parent ($000) 11,206 6,502 8,631 6,347 6,017
ROAA 1.04 0.66 0.96 0.76 0.78
Core ROAA 1.04 0.84 0.89 0.75 0.78
ROAE 10.07 6.22 8.94 6.59 6.21
ROATCE 12.03 7.52 11.01 8.75 8.86
Core ROAE 10.07 7.92 8.31 6.46 6.21
Net Interest Margin 3.58 3.53 3.53 3.68 3.79
Reported: Net Interest Margin 3.58 3.53 3.53 3.68 3.79
Efficiency Ratio 61.65 62.89 63.91 67.79 65.89
Noninterest Inc/ Operating Rev 13.28 14.37 13.39 10.44 9.55
Balance Sheet Ratios/ Capital (%)
Loans/ Deposits 100.43 98.76 96.98 97.84 97.70
Securities/ Assets 7.33 9.09 10.33 9.30 9.44
Total Equity/ Total Assets 10.63 10.25 10.71 10.77 12.02
Tangible Equity/ Tangible Assets 9.12 8.66 8.96 8.86 9.93
Tang Common Equity/ Tang Assets 9.12 8.66 8.96 8.86 9.14
Asset Quality (%)
NPAs/ Assets 0.80 0.78 1.05 1.49 3.09
NPA Excl Restructured/ Assets 0.18 0.20 0.19 0.42 1
NPAs & 90+ PD/ Assets 0.80 0.78 1.05 1.49 3.09
NPAs/ Loans & REO 0.95 0.95 1.30 1.85 3.82
Nonaccrual & 90+ & OREO/ Assets 0.18 0.20 0.19 0.42 1
NPAs & 90+ PD/ Loans & REO 0.95 0.95 1.30 1.85 3.82
NPA & Loans 90+/ Tangible Common Equity + LLR 8.03 8.19 10.72 15.40 30.99
NCOs/ Avg Loans 0.01 0.05 (0.05) (0.02) 0.07
Loan Loss Reserves/ Gross Loans 1.24 1.25 1.26 1.25 1.28
Reserves/ NPAs 129.27 131.33 96.79 67.66 33.45
Loan Loss Provision/ NCO NM 358.31 NM NM 146.46
Capital Adequacy
Tier 1 Common Capital (CET1) ($000) 98,758 88,733 82,994 75,273 70,109
Tier 1 Capital ($000) 98,758 88,733 82,994 75,273 76,109
Tier 2 Capital ($000) 21,398 20,668 19,515 18,713 NA
Total Capital ($000) 120,156 109,401 102,509 93,986 84,178
Total Risk-weighted Assets ($000) 972,929 916,843 803,242 743,070 669,563
Tier 1 Common Capital (CET1) Ratio (%) 10.14 9.68 10.33 10.13 10.47
Tier 1 Ratio (%) 10.14 9.68 10.33 10.13 11.36
Total Capital Ratio (%) 12.34 11.93 12.76 12.65 12.57
Liquidity Coverage Ratio (%) NA NA NA NA NA
Leverage Ratio (%) 9.10 8.85 8.94 8.97 9.95
Basel III Leverage Ratio (%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding (actual) 8,606,992 8,470,030 8,365,442 8,325,656 8,336,668
Avg Diluted Shares (actual) 8,702,000 8,658,000 8,530,000 8,507,100 8,518,650
Basic Book Value per Share 13.54 12.58 12.04 11.17 10.55
As-reported Book Value per Share 13.54 12.58 12.04 11.17 10.55
Basic Tangible Book Value per Share 11.43 10.44 9.87 8.99 8.37
Reported: Tangible Book Value 11.43 10.44 9.88 9 8.37
Common Dividends Declared per Share 0.20 0.17 0.14 0.12 0.10
EPS after Extra 1.29 0.75 1.01 0.74 0.69
EPS after Extra Growth (%) 72 (25.70) 36 7.70 20.70
Core EPS 1.29 0.96 0.94 0.73 0.69
Core EPS Growth (%) 35.10 1.60 29.10 5.50 22.20
Diluted EPS before Amortization 1.29 0.75 1.01 0.75 0.70
Pre-Provision Earnings per Share 1.45 1.05 0.95 0.77 0.75
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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