> F I N A N C I A L S U M M A R Y <
2012
C HA NG E(%)
E A R N I N G S (dollars in thousands)
Net interest income
Provision for loan losses
Noninterest income
Noninterest expense
Income taxes
Net income
Effective dividend on preferred shares
Net income available to common stockholders
P E R C O M M O N S H A R E
Net income:
Basic
Diluted
Tangible book value
Closing market price
Cash dividends declared
A T Y E A R - E N D (dollars in thousands)
Total assets
Loans, net of allowance
Reserves as a percent of nonperforming loans
Deposits
Stockholders’ equity
F I N A N C I A L R A T I O S
Return on average common stockholders’ equity
Return on average assets
Net interest margin
Efficiency ratio
Allowance for loan losses to loans
Equity to average assets at year-end
O T H E R D A T A (1)
-0.8%
-3.9
10.0
5.5
-14.0
-0.3
-33.4
1.5
-14.0
-13.3
9.8
19.4
25.0
7.7
10.9
8.1
7.5
$
$
2013
28,790
1,716
4,468
17,521
3,954
10,067
345
9,722
2.95
2.88
24.77
25.67
.60
$
$
29,022
1,785
4,063
16,605
4,597
10,098
518
9,580
3.43
3.32
22.56
21.50
.48
$ 796,391
647,166
584 %
$ 632,379
101,829
$ 739,189
583,465
312 %
$ 584,814
94,728
12.34 %
1.32
4.02
52.68
1.28
13.32
15.15 %
1.37
4.12
50.19
1.27
12.83
Common shares outstanding
Common shares outstanding for book value calculation (2)
Average common and dilutive
shares outstanding
Common stockholders of record
Full-time equivalent employees
Assets per employee (in thousands)
Banking offices
3,294,040
3,262,040
3,375,553
249
173
$ 4,603
18
3,287,440
3,247,440
2,888,913
245
177
4,176
18
$
(1) Other data is as of year-end, except for average shares.
(2) Excludes unvested restricted stock award shares.
$5.12
$3.32
$3.20 (3)
$2.88
$1.95
$1.67
$0.60
$25.09
$23.01
$22.08
$0.48
$0.48 $0.48 $0.48
$17.39
$15.58
0 9
1 0
1 1
1 2
1 3
0 9
1 0
1 1
1 2
1 3
0 9
1 0
1 1
1 2
1 3
Return on common equity compares well to peer banks
The Company’s returns have been reduced over the last two years by the
declining impact of the Acquisition, while peer banks are slowly improving.
Efficiency remains ahead of peers
The Company’s results in fiscal 2011 and 2012 were impacted positively
by the impact of the Acquisition, and that effect is receding over time.
Core efficiency continues to compare well to peers.
Problem assets up slightly
Problem assets are relatively stable and the Company’s asset quality
continues to compare favorably versus peers.
Continued growth in our core business
Loan and deposit growth improved in fiscal 2013.