Financial Highlights SUMMIT FINANCIAL GROUP, INC. (NASDAQ - SMMF)

Financial Highlights
2018 FY
12/31/2018
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 2,200,586 2,134,240 1,758,647 1,492,429 1,443,568
Total Net Loans 1,682,405 1,593,744 1,308,038 1,080,110 1,020,369
Total Deposits 1,634,826 1,600,601 1,295,519 1,066,709 1,061,314
Equity Attributable to Parent Company 219,830 201,505 155,360 143,744 131,644
Total Equity 219,830 201,505 155,360 143,744 131,644
Profitability (%)
Net Income($000) 28,072 11,915 17,297 16,102 11,356
Net Income Attributable to Parent($000) 28,072 11,915 17,297 16,102 11,356
ROAA 1.32 0.59 1.08 1.10 0.80
Core ROAA 1.36 1.18 1.07 1.04 0.80
ROAE 13.43 6.40 11.53 11.62 9.54
ROATCE 16.11 7.84 12.31 12.56 10.55
Core ROAE 13.88 12.76 11.41 11.04 9.57
Net Interest Margin 3.57 3.67 3.39 3.50 3.39
Reported: Net Interest Margin 3.57 3.67 3.39 3.50 3.39
Efficiency Ratio 53.15 52.42 55.31 52.37 53.69
Noninterest Inc/ Operating Rev 19.40 17.92 17.61 18.46 20.62
Balance Sheet Ratios (%)
Loans/ Deposits 103.68 100.36 101.85 102.26 97.14
Securities/ Assets 14.08 16.13 15.93 19.45 20.06
Total Equity/ Total Assets 9.99 9.44 8.83 9.63 9.12
Tangible Equity/ Tangible Assets 8.92 8.26 8.12 9.18 8.63
Tang Common Equity/ Tang Assets 8.92 8.26 8.12 9.18 7.99
Asset Quality (%)
NPAs/ Assets 2.86 3.04 3.82 4.74 5.71
NPA Excl Restructured/ Assets 1.66 1.71 2.22 2.77 3.48
NPAs & 90+ PD/ Assets 2.87 3.06 3.82 4.74 5.71
NPAs/ Loans & REO 3.67 3.99 5 6.34 7.71
Nonaccrual & 90+ & OREO/ Assets 1.66 1.73 2.22 2.77 3.48
NPAs & 90+ PD/ Loans & REO 3.67 4.01 5 6.34 7.71
NPA & Loans 90+/ Tangible Common Equity + LLR 30.46 34.95 43.78 47.94 65.47
NCOs/ Avg Loans 0.11 0.02 0.02 0.09 0.38
Loan Loss Reserves/ Gross Loans 0.77 0.78 0.88 1.05 1.08
Reserves/ NPAs 20.70 19.35 17.38 16.20 13.54
Loan Loss Provision/ NCO 127.26 348.19 167.79 132.28 60.13
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 197,551 177,010 146,494 137,849 113,406
Tier 1 Capital($000) 216,551 196,010 164,357 156,849 141,589
Tier 2 Capital($000) 13,047 12,565 11,674 11,472 NA
Total Capital($000) 229,598 208,575 176,031 168,321 158,196
Total Risk-weighted Assets($000) 1,779,739 1,665,527 1,396,558 1,167,349 1,061,517
Tier 1 Common Capital (CET1) Ratio(%) 11.10 10.63 10.49 11.81 10.68
Tier 1 Ratio(%) 12.20 11.77 11.77 13.44 13.34
Total Capital Ratio(%) 12.90 12.52 12.60 14.42 14.90
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.10 9.41 9.38 10.66 9.91
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 12,399,887 12,465,296 10,883,509 10,853,566 8,301,746
Avg Diluted Shares(actual) 12,424,573 11,949,245 10,716,871 10,715,275 9,711,561
Basic Book Value per Share 17.73 16.17 14.27 13.24 14.75
Book Value per Share, As Reported 17.85 16.30 14.47 13.48 12.60
Basic Tangible Book Value per Share 15.64 13.96 13.02 12.55 13.82
Tangible Book Value per Share, As Reported 15.75 14.08 13.20 12.78 11.86
Common Dividends Declared per Share 0.53 0.44 0.40 0.32 0
EPS after Extra 2.26 1 1.61 1.50 1.17
EPS after Extra Growth(%) 126 (37.90) 7.30 28.20 39.30
Core EPS 2.34 1.99 1.59 1.42 1.17
Core EPS Growth(%) 17.10 25.20 11.90 21.50 37.10
Diluted EPS before Amortization 2.39 1.12 1.63 1.52 1.20
Pre-Provision Earnings per Share 2.34 1.87 1.53 1.38 1.21
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