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 7,794,502 6,725,623 6,758,436 6,648,290 6,236,756
Total Net Loans 5,346,004 4,877,658 4,790,529 4,629,349 4,222,278
Total Deposits 6,601,238 5,212,921 4,888,959 4,837,807 4,625,139
Equity Attributable to Parent Company 712,104 661,642 619,459 574,780 547,953
Total Equity 713,611 663,054 620,871 576,202 549,405
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) 53,711 81,845 82,435 52,622 59,471
Net Income Attributable to Parent($000) 53,610 81,718 82,308 52,494 59,340
ROAA 0.99 1.23 1.23 0.82 1.01
Core ROAA 1 1.24 1.25 1.09 1.02
ROAE 10.33 12.57 13.95 9.11 10.87
ROATCE 12.09 14.82 16.83 11.17 13.55
Core ROAE 10.44 12.70 14.20 12.06 11.08
Net Interest Margin 3.37 3.39 3.37 3.41 3.33
Reported: Net Interest Margin 3.38 3.39 3.37 3.41 3.33
Efficiency Ratio 61.59 62.70 61.27 61.19 61.73
Noninterest Inc/ Operating Rev 24.57 26.07 26.14 25.69 27.29
Balance Sheet Ratios (%)
Loans/ Deposits 81.72 94.32 98.82 96.51 92.06
Securities/ Assets 21.63 19.83 22.59 23.80 25.92
Total Equity/ Total Assets 9.16 9.86 9.19 8.67 8.81
Tangible Equity/ Tangible Assets 8.01 8.53 7.84 7.26 7.27
Tang Common Equity/ Tang Assets 7.99 8.51 7.81 7.24 7.25
Asset Quality (%)
NPAs/ Assets 0.43 0.46 0.40 0.36 0.36
NPA Excl Restructured/ Assets 0.34 0.35 0.33 0.31 0.31
NPAs & 90+ PD/ Assets 0.43 0.47 0.42 0.38 0.40
NPAs/ Loans & REO 0.62 0.63 0.56 0.52 0.53
Nonaccrual & 90+ & OREO/ Assets 0.34 0.36 0.35 0.33 0.35
NPAs & 90+ PD/ Loans & REO 0.62 0.64 0.59 0.54 0.59
NPA & Loans 90+/ Tangible Common Equity + LLR 5 5.22 5.02 4.95 5.22
NCOs/ Avg Loans 0.03 0.10 0.01 0 0.01
Loan Loss Reserves/ Gross Loans 0.97 0.81 0.90 0.85 0.84
Reserves/ NPAs 156.77 129.19 160.86 164 158.68
Loan Loss Provision/ NCO NA 27.97 NM NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 641,605 607,290 583,458 526,822 486,006
Tier 1 Capital($000) 658,768 624,325 600,321 543,514 523,687
Tier 2 Capital($000) 54,112 41,781 45,570 41,499 37,584
Total Capital($000) 712,880 666,106 645,891 585,013 561,271
Total Risk-weighted Assets($000) 4,997,770 4,924,180 4,928,573 4,768,348 4,419,002
Tier 1 Common Capital (CET1) Ratio(%) 12.84 12.33 11.84 11.05 11
Tier 1 Ratio(%) 13.18 12.68 12.18 11.40 11.85
Total Capital Ratio(%) 14.26 13.53 13.11 12.27 12.70
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 8.85 9.61 9.05 8.43 8.77
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 14,926,252 14,978,589 15,312,377 15,265,614 15,135,906
Avg Diluted Shares(actual) 14,738,921 14,973,951 15,132,257 15,073,255 14,936,231
Basic Book Value per Share 47.71 44.17 40.45 37.65 36.20
Book Value per Share, As Reported 47.71 44.17 40.45 37.65 36.20
Basic Tangible Book Value per Share 41.23 37.64 33.98 31.04 29.38
Tangible Book Value per Share, As Reported 41.23 37.64 33.98 31.04 29.38
Common Dividends Declared per Share 1.56 2.02 1.94 1.82 1.77
EPS after Extra 3.59 5.37 5.35 3.43 3.91
EPS after Extra Growth(%) (9.60) 0.40 56 (12.30) 1
Core EPS 3.62 5.41 5.44 4.55 3.98
Core EPS Growth(%) (9.60) (0.40) 19.60 14.30 9.30
Diluted EPS before Amortization 3.67 5.48 5.47 3.56 4.05
Pre-Provision Earnings per Share 4.40 5.37 5.55 4.27 3.86
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