Financial Highlights

NASDAQ: CVLY
$ 21.94$ -0.46 2.05 %
Financial Highlights
2019 FQ3 YTD
9/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Balance Sheet ($000)
Total Assets 1,869,396 1,807,480 1,709,205 1,611,587 1,456,334
Total Net Loans 1,479,227 1,470,663 1,384,790 1,257,327 1,111,071
Total Deposits 1,560,024 1,495,280 1,384,507 1,264,177 1,094,149
Equity Attributable to Parent Company 189,373 178,746 164,219 154,957 159,141
Total Equity 189,373 178,746 164,219 154,957 159,141
Profitability (%)
Net Income($000) 14,153 19,542 12,004 13,102 11,135
Net Income Attributable to Parent($000) 14,153 19,542 12,004 13,102 11,135
ROAA 1.03 1.11 0.72 0.88 0.82
Core ROAA 1.03 1.11 0.89 0.88 0.82
ROAE 10.17 11.42 7.40 8.47 8.94
ROATCE 10.32 11.58 7.51 8.69 9.98
Core ROAE 10.17 11.42 9.07 8.39 8.94
Net Interest Margin 3.67 3.84 3.84 3.89 3.79
Reported: Net Interest Margin 3.68 3.84 3.84 3.89 3.79
Efficiency Ratio 64.77 64.09 62.62 64.33 64.97
Noninterest Inc/ Operating Rev 17.79 17.24 16.12 15.51 15.17
Balance Sheet Ratios (%)
Loans/ Deposits 95.55 99.36 101.10 100.52 102.66
Securities/ Assets 8.98 8.62 9.67 12.53 15.02
Total Equity/ Total Assets 10.13 9.89 9.61 9.62 10.93
Tangible Equity/ Tangible Assets 10.01 9.76 9.49 9.48 10.78
Tang Common Equity/ Tang Assets 10.01 9.76 9.49 9.48 9.96
Asset Quality (%)
NPAs/ Assets 1.75 1.43 0.50 0.59 0.69
NPA Excl Restructured/ Assets 1.60 1.26 0.31 0.36 0.42
NPAs & 90+ PD/ Assets 1.95 1.55 0.51 0.63 0.72
NPAs/ Loans & REO 2.18 1.73 0.61 0.74 0.89
Nonaccrual & 90+ & OREO/ Assets 1.80 1.38 0.31 0.41 0.46
NPAs & 90+ PD/ Loans & REO 2.43 1.88 0.62 0.80 0.93
NPA & Loans 90+/ Tangible Common Equity + LLR 17.56 14.32 4.86 6.09 6.69
NCOs/ Avg Loans 0.02 0.02 0.18 0.06 0.19
Loan Loss Reserves/ Gross Loans 1.41 1.28 1.19 1.18 1.13
Reserves/ NPAs 64.78 74.08 193.79 158.09 126.42
Loan Loss Provision/ NCO NM NM 168.48 421.35 178.75
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 185,310 178,656 162,860 153,762 143,456
Tier 1 Capital($000) 195,310 188,656 172,860 163,762 165,456
Tier 2 Capital($000) 18,813 18,384 16,689 14,992 12,704
Total Capital($000) 214,123 207,040 189,549 178,754 178,160
Total Risk-weighted Assets($000) 1,502,920 1,470,420 1,405,956 1,294,046 1,142,119
Tier 1 Common Capital (CET1) Ratio(%) 12.33 12.15 11.58 11.88 12.56
Tier 1 Ratio(%) 13 12.83 12.29 12.66 14.49
Total Capital Ratio(%) 14.25 14.08 13.48 13.81 15.60
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.50 10.46 10.26 10.76 11.73
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 9,328,354 9,451,547 9,351,355 9,290,628 9,211,390
Avg Diluted Shares(actual) 9,971,000 9,479,266 9,423,455 9,312,113 7,305,017
Basic Book Value per Share 20.30 18.91 17.56 16.68 15.97
Book Value per Share, As Reported 20.30 18.91 17.56 16.68 15.97
Basic Tangible Book Value per Share 20.03 18.63 17.31 16.43 15.72
Tangible Book Value per Share, As Reported 20.06 18.67 17.31 16.43 15.72
Common Dividends Declared per Share 0.48 0.60 0.50 0.45 0.42
EPS after Extra 1.42 2.06 1.27 1.41 1.51
EPS after Extra Growth(%) (11.30) 62.20 (9.90) (6.70) (9.60)
Core EPS 1.42 2.06 1.56 1.40 1.51
Core EPS Growth(%) (11.20) 32.40 11.50 (7.50) (9.70)
Diluted EPS before Amortization 1.42 2.06 1.27 1.41 1.51
Pre-Provision Earnings per Share 1.60 2.28 1.79 1.52 1.71
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