Financial Highlights

NASDAQ: CVLY
$ 23.77$ -0.23 0.96 %
Financial Highlights
2018 FQ3 YTD
9/30/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
2014 FY
12/31/2014
Balance Sheet ($000)
Total Assets 1,800,771 1,709,205 1,611,587 1,456,334 1,213,846
Total Net Loans 1,479,588 1,384,790 1,257,327 1,111,071 909,392
Total Deposits 1,470,259 1,384,507 1,264,177 1,094,149 954,973
Equity Attributable to Parent Company 173,597 164,219 154,957 159,141 118,440
Total Equity 173,597 164,219 154,957 159,141 118,440
Profitability (%)
Net Income($000) 15,197 12,004 13,102 11,135 11,769
Net Income Attributable to Parent($000) 15,197 12,004 13,102 11,135 11,769
ROAA 1.16 0.72 0.88 0.82 0.98
Core ROAA 1.16 0.89 0.88 0.82 0.98
ROAE 11.97 7.40 8.47 8.94 10.22
ROATCE 12.14 7.51 8.69 9.98 11.85
Core ROAE 11.97 9.07 8.39 8.94 10.23
Net Interest Margin 3.87 3.84 3.89 3.79 3.84
Reported: Net Interest Margin 3.88 3.84 3.89 3.79 3.84
Efficiency Ratio 63.29 62.62 64.33 64.97 61.49
Noninterest Inc/ Operating Rev 17.38 16.12 15.51 15.17 15.27
Balance Sheet Ratios (%)
Loans/ Deposits 101.62 101.10 100.52 102.66 96.35
Securities/ Assets 8.47 9.67 12.53 15.02 17.90
Total Equity/ Total Assets 9.64 9.61 9.62 10.93 9.76
Tangible Equity/ Tangible Assets 9.52 9.49 9.48 10.78 9.76
Tang Common Equity/ Tang Assets 9.52 9.49 9.48 9.96 8.77
Asset Quality (%)
NPAs/ Assets 1.04 0.50 0.59 0.69 1.08
NPA Excl Restructured/ Assets 0.82 0.31 0.36 0.42 0.92
NPAs & 90+ PD/ Assets 1.06 0.51 0.63 0.72 1.09
NPAs/ Loans & REO 1.25 0.61 0.74 0.89 1.43
Nonaccrual & 90+ & OREO/ Assets 0.83 0.31 0.41 0.46 0.92
NPAs & 90+ PD/ Loans & REO 1.27 0.62 0.80 0.93 1.43
NPA & Loans 90+/ Tangible Common Equity + LLR 10.06 4.86 6.09 6.69 11.24
NCOs/ Avg Loans 0.02 0.18 0.06 0.19 0.05
Loan Loss Reserves/ Gross Loans 1.22 1.19 1.18 1.13 1.21
Reserves/ NPAs 97.09 193.79 158.09 126.42 84.79
Loan Loss Provision/ NCO NM 168.48 421.35 178.75 387.41
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 175,204 162,860 153,762 143,456 103,773
Tier 1 Capital($000) 185,204 172,860 163,762 165,456 125,773
Tier 2 Capital($000) 18,234 16,689 14,992 12,704 NA
Total Capital($000) 203,438 189,549 178,754 178,160 136,935
Total Risk-weighted Assets($000) 1,482,267 1,405,956 1,294,046 1,142,119 949,779
Tier 1 Common Capital (CET1) Ratio(%) 11.82 11.58 11.88 12.56 10.93
Tier 1 Ratio(%) 12.49 12.29 12.66 14.49 13.24
Total Capital Ratio(%) 13.73 13.48 13.81 15.60 14.42
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.39 10.26 10.76 11.73 10.32
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 9,401,698 9,351,355 9,290,628 9,211,390 7,087,512
Avg Diluted Shares(actual) 9,475,000 9,423,455 9,312,113 6,957,159 6,940,683
Basic Book Value per Share 18.46 17.56 16.68 15.97 15.02
Book Value per Share, As Reported 18.46 17.56 16.68 15.97 15.02
Basic Tangible Book Value per Share 18.22 17.31 16.43 15.72 15.02
Tangible Book Value per Share, As Reported 18.22 17.31 16.43 15.72 15.02
Common Dividends Declared per Share 0.44 0.50 0.45 0.42 0.38
EPS after Extra 1.60 1.28 1.41 1.59 1.67
EPS after Extra Growth(%) 43.60 (9.50) (11.20) (5) 0.10
Core EPS 1.60 1.56 1.40 1.59 1.67
Core EPS Growth(%) 44.30 12 (12) (5.10) 0.70
Diluted EPS before Amortization 1.60 1.28 1.41 1.59 1.67
Pre-Provision Earnings per Share 1.75 1.80 1.52 1.80 1.67
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