Financial Highlights
2019 FQ2 YTD
6/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Balance Sheet ($000)
Total Assets 1,150,834 1,040,131 938,927 569,537 514,907
Total Net Loans 909,103 873,260 771,351 441,815 390,897
Total Deposits 1,010,171 808,760 720,854 510,163 463,309
Equity Attributable to Parent Company 126,395 120,066 108,518 41,579 38,394
Total Equity 126,395 120,066 108,518 41,579 38,394
Profitability (%)
Net Income($000) 7,097 12,900 2,288 6,909 5,779
Net Income Attributable to Parent($000) 7,097 12,900 2,288 6,909 5,779
ROAA 1.33 1.30 0.36 1.27 1.21
Core ROAA 1.36 1.35 1.21 1.30 1.21
ROAE 11.50 11.31 4.20 17.96 16.74
ROATCE 16.91 17.34 4.74 18.16 18.77
Core ROAE 11.78 11.74 14.25 18.47 16.74
Net Interest Margin 5.98 5.97 5.34 4.44 4.55
Reported: Net Interest Margin NA 5.97 5.34 4.44 NA
Efficiency Ratio 66.91 68.86 70.22 71.74 69.17
Noninterest Inc/ Operating Rev 11.55 13.61 22.03 36.41 38.68
Balance Sheet Ratios (%)
Loans/ Deposits 48.56 58.91 57.77 30.06 27.67
Securities/ Assets 1.02 1.08 1.42 1.32 1.56
Total Equity/ Total Assets 10.98 11.54 11.56 7.30 7.46
Tangible Equity/ Tangible Assets 8 8.23 7.85 7.30 7.46
Tang Common Equity/ Tang Assets 8 8.23 7.85 7.30 6.68
Asset Quality (%)
NPAs/ Assets 0.08 0.20 NA NA 0.25
NPA Excl Restructured/ Assets 0.08 0.20 0.26 0.30 0.25
NPAs & 90+ PD/ Assets 0.08 0.20 NA NA 0.25
NPAs/ Loans & REO 0.11 0.24 NA NA 0.33
Nonaccrual & 90+ & OREO/ Assets 0.08 0.20 0.26 0.30 0.25
NPAs & 90+ PD/ Loans & REO 0.11 0.24 NA NA 0.33
NPA & Loans 90+/ Tangible Common Equity + LLR 1.02 2.43 NA NA 3.24
NCOs/ Avg Loans 0.06 0.02 0 0 0.01
Loan Loss Reserves/ Gross Loans 0.60 0.56 0.58 1.01 1.39
Reserves/ NPAs 573.16 229.63 NA NA 425.58
Loan Loss Provision/ NCO 327.72 314.29 NA NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 89,600 NA 71,594 40,445 34,380
Tier 1 Capital($000) 89,600 NA 71,594 40,445 38,379
Tier 2 Capital($000) 5,639 NA 4,606 3,341 2,889
Total Capital($000) 95,239 NA 76,200 43,786 41,268
Total Risk-weighted Assets($000) 678,199 NA 560,203 264,866 228,439
Tier 1 Common Capital (CET1) Ratio(%) 13.21 13.02 12.78 15.27 15.05
Tier 1 Ratio(%) 13.21 13.02 12.78 15.27 16.80
Total Capital Ratio(%) 14.04 13.80 13.60 16.53 18.06
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 8.41 8.63 7.96 6.99 7.18
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 9,549,000 9,353,000 9,128,572 5,885,670 5,766,571
Avg Diluted Shares(actual) 9,856,944 NA 7,363,391 6,393,152 6,207,118
Basic Book Value per Share 13.24 12.84 11.89 7.06 5.96
Book Value per Share, As Reported 13.24 12.84 11.89 7.06 5.96
Basic Tangible Book Value per Share 9.32 8.82 7.74 7.06 5.96
Tangible Book Value per Share, As Reported 9.33 8.84 7.74 7.06 5.96
Common Dividends Declared per Share 0.21 0.34 0.32 0.15 0
EPS after Extra 0.72 1.37 0.31 1.08 0.92
EPS after Extra Growth(%) 10.80 341.90 (71.30) 17.40 29.60
Core EPS 0.74 NA 1.05 1.11 0.92
Core EPS Growth(%) NA NA (5.20) 20.70 28.70
Diluted EPS before Amortization 0.74 NA 0.32 1.08 0.92
Pre-Provision Earnings per Share 0.88 NA 1.14 1.03 1.06
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