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

Financial Highlights
2020 FQ2 YTD
6/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Balance Sheet ($000)
Total Assets 2,861,351 2,403,492 2,200,586 2,134,240 1,758,647
Total Net Loans NA 1,901,744 1,682,405 1,593,744 1,308,038
Total Deposits 2,451,769 1,913,237 1,634,826 1,600,601 1,295,519
Equity Attributable to Parent Company 263,431 247,764 219,830 201,505 155,360
Total Equity 263,431 247,764 219,830 201,505 155,360
Profitability (%)
Net Income($000) 11,455 31,866 28,072 11,915 17,297
Net Income Attributable to Parent($000) 11,455 31,866 28,072 11,915 17,297
ROAA 0.88 1.40 1.32 0.59 1.08
Core ROAA 0.96 1.34 1.36 1.18 1.07
ROAE 8.83 13.43 13.43 6.40 11.53
ROATCE 10.79 15.66 16.11 7.84 12.31
Core ROAE 9.58 12.92 13.88 12.76 11.41
Net Interest Margin 3.70 3.66 3.57 3.67 3.39
Reported: Net Interest Margin 3.72 3.66 3.57 3.67 3.39
Efficiency Ratio 51.38 53.92 53.15 52.42 55.31
Noninterest Inc/ Operating Rev 13.69 16.61 19.40 17.92 17.61
Balance Sheet Ratios (%)
Loans/ Deposits 90.53 100.01 103.68 100.36 101.85
Securities/ Assets NA 12.04 14.08 16.13 15.93
Total Equity/ Total Assets 9.21 10.31 9.99 9.44 8.83
Tangible Equity/ Tangible Assets 7.64 9.44 8.92 8.26 8.12
Tang Common Equity/ Tang Assets 7.64 9.44 8.92 8.26 8.12
Asset Quality (%)
NPAs/ Assets NA 2.25 2.86 3.04 3.82
NPA Excl Restructured/ Assets NA 1.28 1.66 1.71 2.22
NPAs & 90+ PD/ Assets NA 2.25 2.87 3.06 3.82
NPAs/ Loans & REO NA 2.80 3.67 3.99 5
Nonaccrual & 90+ & OREO/ Assets NA 1.28 1.66 1.73 2.22
NPAs & 90+ PD/ Loans & REO NA 2.80 3.67 4.01 5
NPA & Loans 90+/ Tangible Common Equity + LLR NA 22.77 30.46 34.95 43.78
NCOs/ Avg Loans 0.04 0.08 0.11 0.02 0.02
Loan Loss Reserves/ Gross Loans NA 0.68 0.77 0.78 0.88
Reserves/ NPAs NA 24.17 20.70 19.35 17.38
Loan Loss Provision/ NCO NM 101.77 127.26 348.19 167.79
Capital Adequacy
Tier 1 Common Capital (CET1)($000) NA 224,679 197,551 177,010 146,494
Tier 1 Capital($000) NA 243,679 216,551 196,010 164,357
Tier 2 Capital($000) NA 13,074 13,047 12,565 11,674
Total Capital($000) NA 256,753 229,598 208,575 176,031
Total Risk-weighted Assets($000) NA 2,024,135 1,779,739 1,665,527 1,396,558
Tier 1 Common Capital (CET1) Ratio(%) 10.50 11.10 11.10 10.63 10.49
Tier 1 Ratio(%) 9.70 12.10 12.20 11.77 11.77
Total Capital Ratio(%) 11.30 12.70 12.90 12.52 12.60
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 9 10.50 10.10 9.41 9.38
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 12,922,045 12,474,641 12,399,887 12,465,296 10,883,509
Avg Diluted Shares(actual) 12,983,146 12,575,145 12,424,573 11,949,245 10,716,871
Basic Book Value per Share 20.39 19.86 17.73 16.17 14.27
Book Value per Share, As Reported 20.39 19.97 17.85 16.30 14.47
Basic Tangible Book Value per Share 16.63 18.02 15.64 13.96 13.02
Tangible Book Value per Share, As Reported 16.63 18.11 15.75 14.08 13.20
Common Dividends Declared per Share 0.34 0.59 0.53 0.44 0.40
EPS after Extra 0.88 2.53 2.26 1 1.61
EPS after Extra Growth(%) (28.50) 11.90 126 (37.90) 7.30
Core EPS 0.95 2.43 2.34 1.99 1.59
Core EPS Growth(%) (15.40) 4.20 17.10 25.20 11.90
Diluted EPS before Amortization 0.94 2.67 2.39 1.12 1.63
Pre-Provision Earnings per Share 1.38 2.38 2.34 1.87 1.53
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.