2020 Annual Report

As of and for the year ended December 31,

2020

2019

2018

2017

2016

Per Common Share Data (1) Basic Earnings Per Share . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Diluted Earnings Per Share . . . . . . . . . . . . . . . . . . . . . . . . . Book Value Per Share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Tangible Book Value Per Share (2) . . . . . . . . . . . . . . . . . . . .

0.95 $

1.07 $

0.93 $

0.69 0.68 5.56 5.40

$

0.59 0.58 4.69 4.53

0.93 9.43 9.31

1.05 8.45 8.33

0.91 7.34 7.22

Basic Weighted Average Shares Outstanding . . . . . . . . . . . . 28,582,064 29,358,644 29,001,393 24,604,464 Diluted Weighted Average Shares Outstanding . . . . . . . . . . 29,170,220 29,996,776 29,436,214 25,017,690 Shares Outstanding at Period End. . . . . . . . . . . . . . . . . . . . . 28,143,493 28,973,572 30,097,274 24,679,861

22,294,837 22,631,741 24,589,861

Selected Performance Ratios Return on Average Assets (ROA). . . . . . . . . . . . . . . . . . . . . Pre-Provision Net Revenue Return on Average Assets (PPNR ROA) (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Return on Average Common Equity (ROE) . . . . . . . . . . . . . Return on Average Tangible Common Equity (2) . . . . . . . . . . Average Equity to Average Assets (2) . . . . . . . . . . . . . . . . . . Yield on Interest Earning Assets . . . . . . . . . . . . . . . . . . . . . Yield on Total Loans, Gross. . . . . . . . . . . . . . . . . . . . . . . . . Cost of Interest Bearing Liabilities . . . . . . . . . . . . . . . . . . . . Cost of Total Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net Interest Margin (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Efficiency Ratio (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Adjusted Efficiency Ratio (3) . . . . . . . . . . . . . . . . . . . . . . . . . Noninterest Expense to Average Assets . . . . . . . . . . . . . . . . Adjusted Noninterest Expense to Average Assets (3) . . . . . . . Loan to Deposit Ratio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Core Deposits to Total Deposits . . . . . . . . . . . . . . . . . . . . . . Tangible Common Equity to Tangible Assets (2) . . . . . . . . . . Selected Asset Quality Data Loans 30-89 Days Past Due . . . . . . . . . . . . . . . . . . . . . . . . . $ Loans 30-89 Days Past Due to Total Loans . . . . . . . . . . . . . Nonperforming Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Nonperforming Loans to Total Loans. . . . . . . . . . . . . . . . . . Foreclosed Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Nonaccrual Loans to Total Loans . . . . . . . . . . . . . . . . . . . . . Nonaccrual Loans and Loans Past Due 90 Days and Still Accruing to Total Loans . . . . . . . . . . . . . . . . . . . . . . . . . . Nonperforming Assets (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Nonperforming Assets to Total Assets (5) . . . . . . . . . . . . . . . Allowance for Loan Losses to Total Loans. . . . . . . . . . . . . . Allowance for Loan Losses to Total Loans, Excluding PPP Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Allowance for Loans Losses to Nonperforming Loans . . . . . Net Loan Charge-Offs to Average Loans . . . . . . . . . . . . . . . Capital Ratios (Bank Only) Tier 1 Leverage Ratio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Tier 1 Risk-based Capital Ratio . . . . . . . . . . . . . . . . . . . . . . Total Risk-based Capital Ratio. . . . . . . . . . . . . . . . . . . . . . . Capital Ratios (Consolidated) Tier 1 Leverage Ratio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Tier 1 Risk-based Capital Ratio . . . . . . . . . . . . . . . . . . . . . . Total Risk-based Capital Ratio. . . . . . . . . . . . . . . . . . . . . . . Growth Ratios Percentage Change in Total Assets. . . . . . . . . . . . . . . . . . . . Percentage Change in Total Loans, Gross. . . . . . . . . . . . . . . Percentage Change in Total Deposits . . . . . . . . . . . . . . . . . . Percentage Change in Shareholders' Equity . . . . . . . . . . . . . Percentage Change in Net Income . . . . . . . . . . . . . . . . . . . . Percentage Change in Diluted Earnings Per Share. . . . . . . . . Percentage Change in Tangible Book Value Per Share (2) . . .

1.16 % (6)

1.49 %

1.51 %

1.20 %

1.04 %

2.09

2.07

2.20

2.30

2.23

(6)

12.88 13.23

10.51 10.65

13.50 13.72 11.00

13.87 14.15 10.92

13.18 13.60

9.88 4.51 4.90 1.53 0.93 3.46 49.0 40.5 1.73 1.44 93.0 78.1 8.96

8.83 4.76 5.10 1.19 0.80 3.92 44.4 41.1 1.76 1.62

9.34 4.78 5.20 1.09 0.76 4.00 45.8 N/A 1.84 N/A 97.8 77.2 8.86

5.01 5.31 2.03 1.42 3.59 47.4 43.3 1.75 1.59

4.88 5.23 1.65 1.12 3.72 46.5 41.7 1.78 1.59

104.9

106.7

100.6

80.7

74.2

76.7 8.26

10.65

11.03

13 $

403 $

311 $

664

$

677

0.02 %

0.02 %

0.05 %

0.07 %

— %

775 $

461 $

581 $ 1,139

$ 2,323

0.03 %

0.02 %

0.03 %

0.08 %

0.23 %

— $

— $

— $

581

$ 4,183

0.03 %

0.02 %

0.03 %

0.08 %

0.23 %

0.03

0.02

0.03

0.08

0.23

775 $

461 $

581 $ 1,720

$ 6,506

0.03 %

0.02 %

0.03 %

0.11 %

0.52 %

1.50

1.18

1.20

1.22

1.23

1.59

N/A

N/A

N/A

N/A

4,495.61

4,886.33 3,447.68

1,448.81

530.91

0.02

0.01

0.00

0.00

0.11

10.89 %

11.01 %

10.82 %

9.83 %

9.24 %

12.12 13.37

11.72 12.16

11.63 12.76

11.15 12.37

11.38 12.63

9.28 %

10.69 %

11.23 %

8.38 %

9.44 %

10.35 14.58

11.39 12.98

12.07 14.55

9.49

11.49 12.74

12.46

29.0 %

15.0 %

22.1 %

28.3 %

35.7 %

21.7 37.2

14.8 16.8 10.8 16.7 14.5 15.3

23.6 16.5 61.1 59.4 35.5 33.7

34.6 30.9 18.9 27.8 15.6 19.3

25.2 34.3 43.9 18.0 (8.2) 11.9

8.4

(13.4) (10.9)

11.8

51