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 1,040,131 938,927 569,537 514,907 410,404
Total Net Loans 873,260 771,351 441,815 390,897 352,026
Total Deposits 808,760 720,854 510,163 463,309 362,144
Equity Attributable to Parent Company 120,066 108,518 41,579 38,394 31,301
Total Equity 120,066 108,518 41,579 38,394 31,301
Profitability (%)
Net Income($000) 12,900 2,288 6,909 5,779 4,338
Net Income Attributable to Parent($000) 12,900 2,288 6,909 5,779 4,338
ROAA 1.30 0.36 1.27 1.21 1.22
Core ROAA 1.35 1.21 1.30 1.21 1.23
ROAE 11.31 4.20 17.96 16.74 14.79
ROATCE 17.34 4.74 18.16 18.77 17.04
Core ROAE 11.74 14.25 18.47 16.74 14.89
Net Interest Margin 5.97 5.34 4.44 4.55 4.81
Reported: Net Interest Margin 5.97 5.34 4.44 NA 4.78
Efficiency Ratio 68.86 70.22 71.74 69.17 69.88
Noninterest Inc/ Operating Rev 13.61 22.03 36.41 38.68 36.95
Balance Sheet Ratios (%)
Loans/ Deposits 58.91 57.77 30.06 27.67 39.06
Securities/ Assets 1.08 1.42 1.32 1.56 2.09
Total Equity/ Total Assets 11.54 11.56 7.30 7.46 7.63
Tangible Equity/ Tangible Assets 8.23 7.85 7.30 7.46 7.63
Tang Common Equity/ Tang Assets 8.23 7.85 7.30 6.68 6.65
Asset Quality (%)
NPAs/ Assets 0.20 NA NA 0.25 0.33
NPA Excl Restructured/ Assets 0.20 0.26 0.30 0.25 0.33
NPAs & 90+ PD/ Assets 0.20 NA NA 0.25 0.33
NPAs/ Loans & REO 0.24 NA NA 0.33 0.38
Nonaccrual & 90+ & OREO/ Assets 0.20 0.26 0.30 0.25 0.33
NPAs & 90+ PD/ Loans & REO 0.24 NA NA 0.33 0.38
NPA & Loans 90+/ Tangible Common Equity + LLR 2.43 NA NA 3.24 4.23
NCOs/ Avg Loans 0.02 0 0 0.01 0.10
Loan Loss Reserves/ Gross Loans 0.56 0.58 1.01 1.39 1.42
Reserves/ NPAs 229.63 NA NA 425.58 369.74
Loan Loss Provision/ NCO 314.29 NA NM NM 143.77
Capital Adequacy
Tier 1 Common Capital (CET1)($000) NA 71,594 40,445 34,380 NA
Tier 1 Capital($000) NA 71,594 40,445 38,379 30,413
Tier 2 Capital($000) NA 4,606 3,341 2,889 NA
Total Capital($000) NA 76,200 43,786 41,268 33,193
Total Risk-weighted Assets($000) NA 560,203 264,866 228,439 235,403
Tier 1 Common Capital (CET1) Ratio(%) 13.02 12.78 15.27 15.05 NA
Tier 1 Ratio(%) 13.02 12.78 15.27 16.80 12.92
Total Capital Ratio(%) 13.80 13.60 16.53 18.06 14.10
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 8.63 7.96 6.99 7.18 7.15
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 9,353,000 9,128,572 5,885,670 5,766,571 5,631,838
Avg Diluted Shares(actual) NA 7,363,391 6,393,152 6,207,118 6,004,848
Basic Book Value per Share 12.84 11.89 7.06 5.96 4.85
Book Value per Share, As Reported 12.84 11.89 7.06 5.96 4.85
Basic Tangible Book Value per Share 8.82 7.74 7.06 5.96 4.85
Tangible Book Value per Share, As Reported 8.84 7.74 7.06 5.96 4.85
Common Dividends Declared per Share 0.34 0.32 0.15 0 0
EPS after Extra 1.37 0.31 1.08 0.92 0.71
EPS after Extra Growth(%) 341.90 (71.30) 17.40 29.60 317.60
Core EPS NA 1.05 1.11 0.92 0.71
Core EPS Growth(%) NA (5.20) 20.70 28.70 320.90
Diluted EPS before Amortization NA 0.32 1.08 0.92 0.71
Pre-Provision Earnings per Share NA 1.14 1.03 1.06 0.84
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