| Period Ended |
2023 FQ2
06/30/2023
|
2022 FY
12/31/2022
|
2021 FY
12/31/2021
|
2020 FY
12/31/2020
|
2019 FY
12/31/2019
|
|---|---|---|---|---|---|
| Balance Sheet ($000) | |||||
| Total Assets | 4,552,270 | 3,916,692 | 3,576,719 | 3,106,384 | 2,403,492 |
| Total Net Loans | 3,506,880 | 3,043,919 | 2,729,320 | 2,381,905 | 1,901,744 |
| Total Deposits | 3,735,034 | 3,169,879 | 2,943,089 | 2,595,651 | 1,913,237 |
| Equity Attributable to Parent Company | 413,174 | 354,530 | 327,473 | 281,580 | 247,764 |
| Total Equity | 413,174 | 354,530 | 327,473 | 281,580 | 247,764 |
| Profitability (%) | |||||
| Net Income ($000) | 8,209 | 53,216 | 45,738 | 31,326 | 31,866 |
| Net Income Attributable to Parent ($000) | 8,209 | 52,216 | 45,738 | 31,326 | 31,866 |
| ROAA | 0.73 | 1.42 | 1.36 | 1.13 | 1.40 |
| Core ROAA | 1.09 | 1.46 | 1.41 | 1.11 | 1.34 |
| ROAE | 7.99 | 15.83 | 14.76 | 11.80 | 13.43 |
| ROATCE | 10.74 | 20.69 | 19.20 | 14.64 | 15.66 |
| Core ROAE | 12.01 | 16.30 | 15.31 | 11.62 | 12.92 |
| Net Interest Margin | 3.88 | 3.73 | 3.54 | 3.71 | 3.66 |
| Reported: Net Interest Margin | 3.89 | 3.73 | 3.54 | 3.71 | 3.66 |
| Efficiency Ratio | 47.90 | 47.76 | 49.18 | 50.16 | 53.92 |
| Noninterest Inc/ Operating Rev | 11.97 | 12.60 | 15.12 | 14.46 | 16.61 |
| Balance Sheet Ratios (%) | |||||
| Loans/ Deposits | 95.11 | 97.25 | 93.83 | 92.93 | 100.01 |
| Securities/ Assets | 14.37 | 13.98 | 14.85 | 12.88 | 12.04 |
| Total Equity/ Total Assets | 9.08 | 9.05 | 9.16 | 9.06 | 10.31 |
| Tangible Equity/ Tangible Assets | 7.52 | 7.59 | 7.51 | 7.42 | 9.44 |
| Tang Common Equity/ Tang Assets | 7.19 | 7.20 | 7.09 | 7.42 | 9.44 |
| Asset Quality (%) | |||||
| NPAs/ Assets | 0.35 | 0.81 | 1.16 | 1.84 | 2.25 |
| NPA Excl Restructured/ Assets | 0.35 | 0.33 | 0.63 | 1.16 | 1.28 |
| NPAs & 90+ PD/ Assets | 0.35 | 0.81 | 1.16 | 1.84 | 2.25 |
| NPAs/ Loans & REO | 0.45 | 1.03 | 1.50 | 2.36 | 2.80 |
| Nonaccrual & 90+ & OREO/ Assets | 0.35 | 0.33 | 0.63 | 1.16 | 1.28 |
| NPAs & 90+ PD/ Loans & REO | 0.45 | 1.03 | 1.50 | 2.36 | 2.80 |
| NPA & Loans 90+/ Tangible Common Equity + LLR | 4.38 | 10.07 | 14.73 | 22.15 | 22.77 |
| NCOs/ Avg Loans | 0.44 | 0.02 | 0.04 | 0.08 | 0.08 |
| Loan Loss Reserves/ Gross Loans | 1.29 | 1.26 | 1.17 | 1.34 | 0.68 |
| Reserves/ NPAs | 286.90 | 122.15 | 77.94 | 56.28 | 24.17 |
| Loan Loss Provision/ NCO | 186.12 | NM | 95.91 | NM | 101.77 |
| Capital Adequacy | |||||
| Capital Adequacy Method | Basel III | Basel III | Basel III | Basel III | Basel III |
| Credit Calculation Approach | Standardized | Standardized | Standardized | Standardized | Standardized |
| Regulatory Capital Transition Stage | Fully Loaded | Fully Loaded | Fully Loaded | Fully Loaded | Fully Loaded |
| Tier 1 Common Capital (CET1) ($000) | 342,380 | 299,993 | 257,122 | 233,768 | 224,679 |
| Tier 1 Capital ($000) | 376,300 | 333,913 | 291,042 | 252,768 | 243,679 |
| Tier 2 Capital ($000) | 149,690 | 139,042 | 129,003 | 52,541 | 13,074 |
| Total Capital ($000) | 525,990 | 472,955 | 420,045 | 305,309 | 256,753 |
| Total Risk-weighted Assets ($000) | 3,935,402 | 3,502,018 | 3,051,809 | 2,513,634 | 2,024,135 |
| Tier 1 Common Capital (CET1) Ratio (%) | 8.70 | 8.57 | 8.43 | 9.30 | 11.10 |
| Tier 1 Ratio (%) | 9.50 | 9.53 | 9.54 | 10.00 | 12.10 |
| Total Capital Ratio (%) | 13.30 | 13.51 | 13.76 | 12.10 | 12.70 |
| Liquidity Coverage Ratio (%) | NA | NA | NA | NA | NA |
| Leverage Ratio (%) | 8.40 | 8.52 | 8.34 | 8.60 | 10.50 |
| Basel III Leverage Ratio (%) | NA | NA | NA | NA | NA |
| Per Share Information ($) | |||||
| Common Shares Outstanding (actual) | 14,672,147 | 12,783,646 | 12,763,827 | 12,985,708 | 12,474,641 |
| Avg Diluted Shares | 14,703,636 | 12,821,533 | 13,003,428 | 12,975,385 | 12,575,146 |
| Basic Book Value per Share | 27.14 | 26.57 | 24.49 | 21.68 | 19.86 |
| Book Value per Share, As Reported | 27.14 | 26.57 | 24.53 | 21.76 | 19.97 |
| Basic Tangible Book Value per Share | 21.93 | 21.70 | 19.51 | 17.44 | 18.02 |
| Tangible Book Value per Share, As Reported | 21.93 | 21.70 | 19.54 | 17.50 | 18.11 |
| Common Dividends Declared per Share | 0.2000 | 0.7600 | 0.7000 | 0.6800 | 0.5900 |
| EPS after Extra | 0.54 | 4.08 | 3.47 | 2.41 | 2.53 |
| EPS after Extra Growth (%) | (41.3) | 17.6 | 44.0 | (4.7) | 11.9 |
| Core EPS | 0.82 | 4.20 | 3.60 | 2.37 | 2.43 |
| Core EPS Growth (%) | (18.2) | 16.7 | 51.8 | (2.5) | 4.2 |
| Diluted EPS before Amortization | 0.61 | 4.19 | 3.59 | 2.54 | 2.67 |
| Pre-Provision Earnings per Share | 1.19 | 4.54 | 3.72 | 3.10 | 2.38 |
| COVID-19 Financial Disclosure | |||||
| Paycheck Protection Program Loan ($000) | 0 | 8 | 12,800 | 76,700 | NA |
| PPP Loan Ratio (%) | 0.00 | 0.00 | 0.47 | 3.22 | NA |
| COVID-19 Loan Modification (%000) | 0 | 0 | 0 | 79,293 | NA |
| COVID-19 Loan Modification Ratio (%) | 0.00 | 0.00 | 0 | 3.33 | NA |
| Processing Fees on PPP Loans $(000) | 0 | NA | NA | NA | NA |
|
S&P Global Market Intelligence uses a variety of sources to retrieve financial information for each company we cover. For Banks & Thrifts, S&P Global Market Intelligence mines data from documents filed by the company (including regulatory filings), surveys, and other sources of public information. Historical Equity Pricing Data supplied by Interactive Data Pricing and Reference Data LLC. |
