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 6,758,436 6,648,290 6,236,756 5,689,995 5,269,561
Total Net Loans 4,790,529 4,629,349 4,222,278 3,740,038 3,364,291
Total Deposits 4,888,959 4,837,807 4,625,139 4,395,306 4,169,154
Equity Attributable to Parent Company 619,459 574,780 547,953 515,014 488,131
Total Equity 620,871 576,202 549,405 516,466 489,583
Profitability (%)
Net Income($000) 82,435 52,622 59,471 58,552 52,172
Net Income Attributable to Parent($000) 82,308 52,494 59,340 58,421 52,041
ROAA 1.23 0.82 1.01 1.07 1.03
Core ROAA 1.25 1.09 1.02 1.01 1.05
ROAE 13.95 9.11 10.87 11.53 10.79
ROATCE 16.83 11.17 13.55 14.67 14.09
Core ROAE 14.21 12.06 11.08 10.89 11.01
Net Interest Margin 3.37 3.41 3.33 3.38 3.57
Reported: Net Interest Margin 3.37 3.41 3.33 3.38 3.57
Efficiency Ratio 61.26 61.19 61.73 63.14 64.24
Noninterest Inc/ Operating Rev 26.15 25.69 27.29 29.33 30.01
Balance Sheet Ratios (%)
Loans/ Deposits NA 96.51 92.06 85.81 81.39
Securities/ Assets 22.58 23.80 25.92 27.58 28.86
Total Equity/ Total Assets 9.19 8.67 8.81 9.08 9.29
Tangible Equity/ Tangible Assets 7.84 7.26 7.27 7.39 7.43
Tang Common Equity/ Tang Assets 7.81 7.24 7.25 7.37 7.40
Asset Quality (%)
NPAs/ Assets NA 0.36 0.36 0.41 0.48
NPA Excl Restructured/ Assets NA 0.31 0.31 0.34 0.42
NPAs & 90+ PD/ Assets NA 0.38 0.40 0.45 0.53
NPAs/ Loans & REO NA 0.52 0.53 0.62 0.75
Nonaccrual & 90+ & OREO/ Assets NA 0.33 0.35 0.38 0.47
NPAs & 90+ PD/ Loans & REO NA 0.54 0.59 0.67 0.83
NPA & Loans 90+/ Tangible Common Equity + LLR NA 4.95 5.22 5.72 6.83
NCOs/ Avg Loans 0.01 0 0.01 0 0.04
Loan Loss Reserves/ Gross Loans 0.90 0.85 0.84 0.85 0.85
Reserves/ NPAs NA 164 158.68 137.21 114.24
Loan Loss Provision/ NCO NM NM NM NM 180.30
Capital Adequacy
Tier 1 Common Capital (CET1)($000) NA 526,822 486,006 449,535 406,158
Tier 1 Capital($000) NA 543,514 523,687 487,043 444,947
Tier 2 Capital($000) NA 41,499 37,584 33,848 NA
Total Capital($000) NA 585,013 561,271 520,891 474,358
Total Risk-weighted Assets($000) NA 4,768,348 4,419,002 3,996,384 3,487,406
Tier 1 Common Capital (CET1) Ratio(%) NA 11.05 11 11.25 11.65
Tier 1 Ratio(%) NA 11.40 11.85 12.19 12.76
Total Capital Ratio(%) NA 12.27 12.70 13.03 13.60
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) NA 8.43 8.77 8.82 8.75
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 15,312,377 15,265,614 15,135,906 14,979,684 14,895,444
Avg Diluted Shares(actual) 15,132,257 15,073,255 14,936,231 14,863,026 14,789,624
Basic Book Value per Share 40.45 37.65 36.20 34.38 32.77
Book Value per Share, As Reported 40.45 37.65 36.20 34.38 32.77
Basic Tangible Book Value per Share 33.98 31.04 29.38 27.48 25.66
Tangible Book Value per Share, As Reported 33.98 31.04 29.38 27.48 25.66
Common Dividends Declared per Share 1.94 1.82 1.77 1.70 1.62
EPS after Extra 5.35 3.43 3.91 3.87 3.48
EPS after Extra Growth(%) 56 (12.30) 1 11.20 0.60
Core EPS 5.44 4.55 3.98 3.64 3.54
Core EPS Growth(%) 19.60 14.30 9.30 2.80 3.70
Diluted EPS before Amortization 5.47 3.56 4.05 4.01 3.62
Pre-Provision Earnings per Share 5.55 4.27 3.86 3.58 3.44
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