About Us

Financial Highlights

Financial Highlights
2014 FY
12/31/2014
2015 FY
12/31/2015
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FY
12/31/2018
Balance Sheet ($000)
Total Assets 428,209 479,385 517,290 550,253 564,978
Total Net Loans 328,589 365,703 416,033 442,024 467,555
Total Deposits 362,595 399,546 450,848 477,320 493,173
Equity Attributable to Parent Company 43,225 46,017 47,789 50,383 53,350
Total Equity 43,225 46,391 48,225 50,892 53,699
Profitability (%)
Net Income($000) 3,415 3,611 2,581 2,569 3,998
Net Income Attributable to Parent($000) 3,415 3,554 2,519 2,496 3,954
ROAA 0.82 0.80 0.51 0.48 0.71
Core ROAA 0.83 0.73 0.47 0.45 0.72
ROAE 8.20 8.01 5.39 5.12 7.62
ROATCE 9.13 8.66 5.15 5.02 7.60
Core ROAE 8.24 7.36 4.96 4.90 7.73
Net Interest Margin 3.84 3.74 3.50 3.48 3.59
Reported: Net Interest Margin 3.90 3.79 3.55 3.47 3.55
Efficiency Ratio 68.09 70.47 71.38 73.94 71.98
Noninterest Inc/ Operating Rev 10.69 14.31 14.97 14.72 13.75
Balance Sheet Ratios (%)
Loans/ Deposits 91.47 91.94 92.93 93.06 95.60
Securities/ Assets 13.33 11.49 10.67 10.49 8.36
Total Equity/ Total Assets 10.09 9.68 9.32 9.25 9.50
Tangible Equity/ Tangible Assets 10.09 9.68 9.32 9.25 9.50
Tang Common Equity/ Tang Assets 6.99 6.91 9.24 9.16 9.44
Asset Quality (%)
NPAs/ Assets 3.34 2.52 2.10 1.51 1.30
NPA Excl Restructured/ Assets 1.92 1.18 0.91 0.80 0.63
NPAs & 90+ PD/ Assets 3.34 2.69 2.10 1.57 1.30
NPAs/ Loans & REO 4.22 3.22 2.57 1.84 1.55
Nonaccrual & 90+ & OREO/ Assets 1.92 1.36 0.91 0.87 0.63
NPAs & 90+ PD/ Loans & REO 4.22 3.45 2.57 1.93 1.55
NPA & Loans 90+/ Tangible Common Equity + LLR 42.97 35.43 21.16 15.99 12.80
NCOs/ Avg Loans 0.12 0.01 0.19 0.24 0.07
Loan Loss Reserves/ Gross Loans 1 0.89 0.87 0.84 0.85
Reserves/ NPAs 23.31 27.34 33.43 45.38 54.38
Loan Loss Provision/ NCO 0 0 145.43 111.96 171.56
Capital Adequacy
Tier 1 Common Capital (CET1)($000) NA NA NA NA NA
Tier 1 Capital($000) 42,770 NA NA NA NA
Tier 2 Capital($000) NA NA NA NA NA
Total Capital($000) 46,102 NA NA NA NA
Total Risk-weighted Assets($000) 351,249 NA NA NA NA
Tier 1 Common Capital (CET1) Ratio(%) NA NA NA NA NA
Tier 1 Ratio(%) 12.20 NA NA NA NA
Total Capital Ratio(%) 13.10 NA NA NA NA
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.10 NA NA NA NA
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 3,419,070 3,497,037 5,760,735 5,775,597 5,810,023
Avg Diluted Shares(actual) 5,745,865 5,756,586 5,776,292 5,804,382 5,853,277
Basic Book Value per Share 8.75 9.47 8.30 8.72 9.18
Book Value per Share, As Reported 7.52 7.99 8.30 8.71 9.16
Basic Tangible Book Value per Share 8.75 9.47 8.30 8.72 9.18
Tangible Book Value per Share, As Reported 7.52 7.99 8.30 8.71 9.16
Common Dividends Declared per Share 0 0 0 0 0.12
EPS after Extra 0.60 0.62 0.37 0.43 0.68
EPS after Extra Growth(%) 29.20 3.20 (39.90) 16.20 58.10
Core EPS 0.60 0.56 0.33 0.41 0.68
Core EPS Growth(%) 36.20 (6.50) (41.10) 23.60 67.80
Diluted EPS before Amortization 0.60 0.62 0.37 0.43 0.68
Pre-Provision Earnings per Share 0.57 0.53 0.47 0.51 0.74
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.