Financial Highlights
2019 FQ4
12/31/2019
2018 FQ4
12/31/2018
Y-Y Ch (%)
2019 FQ3
9/30/2019
Q-Q Ch (%)†
Balance Sheet ($000)
Total Assets 7,333,791 5,645,662 29.90 7,346,791 (0.71)
Total Net Loans 5,276,619 4,306,917 22.51 5,189,740 6.70
Total Deposits 5,771,023 4,587,985 25.79 5,624,380 10.43
Equity Attributable to Parent Company 867,185 603,804 43.62 846,095 9.97
Total Equity 867,185 603,804 43.62 846,095 9.97
Profitability (%)
Net Income($000) 29,090 23,529 23.63 29,069 0.29
Net Income Attributable to Parent($000) 29,090 23,529 23.63 29,069 0.29
ROAA 1.59 1.71 (12) bp 1.61 (2) bp
Core ROAA 1.65 1.81 (16) bp 1.68 (3) bp
ROAE 13.54 15.74 (220) bp 13.78 (24) bp
ROATCE 19.49 20.35 (86) bp 20.06 (57) bp
Core ROAE 14.03 16.73 (270) bp 14.39 (36) bp
Net Interest Margin 3.71 3.97 (26) bp 3.85 (14) bp
Reported: Net Interest Margin 3.68 3.94 (26) bp 3.81 (13) bp
Efficiency Ratio 48.16 46.97 119 bp 47.28 88 bp
Noninterest Inc/ Operating Rev 18.69 17.46 123 bp 17.33 136 bp
Balance Sheet Ratios (%)
Loans/ Deposits 92.09 94.81 (272) bp 92.95 (86) bp
Securities/ Assets 18.47 14.41 406 bp 18.44 3 bp
Total Equity/ Total Assets 11.82 10.70 112 bp 11.52 30 bp
Tangible Equity/ Tangible Assets 8.89 8.66 23 bp 8.54 35 bp
Tang Common Equity/ Tang Assets 8.89 8.66 23 bp 8.54 35 bp
Asset Quality (%)
NPAs/ Assets 0.44 0.30 14 bp 0.33 11 bp
NPA Excl Restructured/ Assets 0.44 0.30 14 bp 0.33 11 bp
NPAs & 90+ PD/ Assets 0.45 0.30 15 bp 0.33 12 bp
NPAs/ Loans & REO 0.61 0.40 21 bp 0.46 15 bp
Nonaccrual & 90+ & OREO/ Assets 0.45 0.30 15 bp 0.33 12 bp
NPAs & 90+ PD/ Loans & REO 0.62 0.40 22 bp 0.46 16 bp
NPA & Loans 90+/ Tangible Common Equity + LLR 4.86 3.30 156 bp 3.69 117 bp
NCOs/ Avg Loans 0.19 0.26 (7) bp 0.08 11 bp
Loan Loss Reserves/ Gross Loans 0.81 1 (19) bp 0.85 (4) bp
Reserves/ NPAs 133.12 252.56 (11,944) bp 185.59 (5,247) bp
Loan Loss Provision/ NCO 52.71 75.12 (2,241) bp 171.31 (11,860) bp
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 616,825 489,301 26.06 590,938 17.52
Tier 1 Capital($000) 710,480 556,958 27.56 684,595 15.12
Tier 2 Capital($000) 93,793 93,901 (0.12) 95,060 (5.33)
Total Capital($000) 804,273 650,859 23.57 779,655 12.63
Total Risk-weighted Assets($000) 6,232,354 4,999,363 24.66 6,131,039 6.61
Tier 1 Common Capital (CET1) Ratio(%) 9.90 9.79 11 bp 9.64 26 bp
Tier 1 Ratio(%) 11.40 11.14 26 bp 11.17 23 bp
Total Capital Ratio(%) 12.90 13.02 (12) bp 12.72 18 bp
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.05 10.29 (24) bp 9.83 22 bp
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 26,543,245 22,811,889 16.36 26,612,767 (1.04)
Avg Diluted Shares(actual) 26,668,000 23,170,000 15.10 26,868,000 (2.98)
Basic Book Value per Share 32.67 26.47 23.42 31.79 11.07
Book Value per Share, As Reported 32.67 26.47 23.42 31.79 11.07
Basic Tangible Book Value per Share 23.76 20.95 13.41 22.82 16.48
Tangible Book Value per Share, As Reported 23.76 20.95 13.41 22.82 16.48
Common Dividends Declared per Share 0.17 0.13 30.77 0.16 25
EPS after Extra 1.09 1.02 6.86 1.08 3.70
EPS after Extra Growth(%) 6.90 218.80 (21,189) bp 11.30 (448) bp
Core EPS 1.13 1.08 4.63 1.13 0
Core EPS Growth(%) 4.30 26.90 (2,266) bp 11.20 (694) bp
Diluted EPS before Amortization 1.15 1.05 9.52 1.14 3.51
Pre-Provision Earnings per Share 1.11 1.09 1.83 1.13 (7.08)

   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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