Financial Highlights
2020 FQ3
9/30/2020
2019 FQ2
6/30/2019
Y-Y Ch (%)
2020 FQ1
3/31/2020
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 8,367,976 7,181,855 16.52 7,500,643 46.25
Total Net Loans 6,017,069 5,107,112 17.82 5,373,760 47.89
Total Deposits 6,676,226 5,559,338 20.09 5,989,906 45.83
Equity Attributable to Parent Company 882,267 825,501 6.88 846,436 16.93
Total Equity 882,267 825,501 6.88 846,436 16.93
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) 17,951 18,424 (2.57) 12,868 158
Net Income Attributable to Parent($000) 17,951 18,424 (2.57) 12,868 158
ROAA 0.86 1.04 (18) bp 0.70 16 bp
Core ROAA 0.96 1.58 (62) bp 0.76 20 bp
ROAE 8.11 9.06 (95) bp 5.95 216 bp
ROATCE 11.67 13.72 (205) bp 8.93 274 bp
Core ROAE 9.01 13.68 (467) bp 6.49 252 bp
Net Interest Margin 3.30 3.85 (55) bp 3.76 (46) bp
Reported: Net Interest Margin 3.29 3.86 (57) bp 3.79 (50) bp
Efficiency Ratio 47.88 50.19 (231) bp 48.08 (20) bp
Noninterest Inc/ Operating Rev 16.15 16.26 (11) bp 17.52 (137) bp
Balance Sheet Ratios (%)
Loans/ Deposits 91.76 92.63 (87) bp 91.11 65 bp
Securities/ Assets 16.44 18.50 (206) bp 18.43 (199) bp
Total Equity/ Total Assets 10.54 11.49 (95) bp 11.28 (74) bp
Tangible Equity/ Tangible Assets 7.99 8.43 (44) bp 8.42 (43) bp
Tang Common Equity/ Tang Assets 7.99 8.43 (44) bp 8.42 (43) bp
Asset Quality (%)
NPAs/ Assets 0.52 0.37 15 bp 0.56 (4) bp
NPA Excl Restructured/ Assets 0.48 0.36 12 bp 0.51 (3) bp
NPAs & 90+ PD/ Assets 0.53 0.42 11 bp 0.56 (3) bp
NPAs/ Loans & REO 0.71 0.51 20 bp 0.77 (6) bp
Nonaccrual & 90+ & OREO/ Assets 0.49 0.42 7 bp 0.51 (2) bp
NPAs & 90+ PD/ Loans & REO 0.72 0.59 13 bp 0.77 (5) bp
NPA & Loans 90+/ Tangible Common Equity + LLR 5.75 4.83 92 bp 6.01 (26) bp
NCOs/ Avg Loans 0.07 0.08 (1) bp (0.04) 11 bp
Loan Loss Reserves/ Gross Loans 2.01 0.85 116 bp 1.69 32 bp
Reserves/ NPAs 283.33 166.16 11,717 bp 218.71 6,462 bp
Loan Loss Provision/ NCO NM 177.53 NM NM NM
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 651,742 575,328 13.28 615,552 23.52
Tier 1 Capital($000) 745,397 668,985 11.42 709,207 20.41
Tier 2 Capital($000) 193,510 94,327 105.15 116,598 263.85
Total Capital($000) 938,907 763,312 23 825,805 54.78
Total Risk-weighted Assets($000) 6,389,627 6,049,227 5.63 6,427,799 (2.38)
Tier 1 Common Capital (CET1) Ratio(%) 10.20 9.51 69 bp 9.58 62 bp
Tier 1 Ratio(%) 11.60 11.06 54 bp 11.03 57 bp
Total Capital Ratio(%) 14.60 12.62 198 bp 12.85 175 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9.20 9.81 (61) bp 9.94 (74) bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 26,209,577 26,906,141 (2.59) 26,160,509 0.75
Avg Diluted Shares(actual) 26,228,000 26,940,000 (2.64) 26,539,000 (4.69)
Basic Book Value per Share 33.66 30.68 9.71 32.36 16.07
Book Value per Share, As Reported 33.66 30.68 9.71 32.36 16.07
Basic Tangible Book Value per Share 24.80 21.74 14.08 23.38 24.29
Tangible Book Value per Share, As Reported 24.80 21.74 14.08 23.38 24.29
Common Dividends Declared per Share 0.18 0.15 20 0.18 0
EPS after Extra 0.68 0.68 0 0.48 166.67
EPS after Extra Growth(%) (37) (28.40) (862) bp (28.40) (868) bp
Core EPS 0.76 1.03 (26.21) 0.52 184.62
Core EPS Growth(%) (33) 4.80 (3,784) bp (44.60) 1,156 bp
Diluted EPS before Amortization 0.73 0.74 (1.35) 0.54 140.74
Pre-Provision Earnings per Share 1.13 1.02 10.78 1.12 3.57

   Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4

  * Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.


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