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

Financial Highlights
2019 FY
12/31/2019
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 2,403,492 2,200,586 2,134,240 1,758,647 1,492,429
Total Net Loans NA 1,682,405 1,593,744 1,308,038 1,080,110
Total Deposits 1,913,237 1,634,826 1,600,601 1,295,519 1,066,709
Equity Attributable to Parent Company 247,764 219,830 201,505 155,360 143,744
Total Equity 247,764 219,830 201,505 155,360 143,744
Profitability (%)
Net Income($000) 31,866 28,072 11,915 17,297 16,102
Net Income Attributable to Parent($000) 31,866 28,072 11,915 17,297 16,102
ROAA 1.40 1.32 0.59 1.08 1.10
Core ROAA 1.34 1.36 1.18 1.07 1.04
ROAE 13.43 13.43 6.40 11.53 11.62
ROATCE 15.66 16.11 7.84 12.31 12.56
Core ROAE 12.92 13.88 12.76 11.41 11.04
Net Interest Margin 3.66 3.57 3.67 3.39 3.50
Reported: Net Interest Margin 3.66 3.57 3.67 3.39 3.50
Efficiency Ratio 53.92 53.15 52.42 55.31 52.37
Noninterest Inc/ Operating Rev 16.61 19.40 17.92 17.61 18.46
Balance Sheet Ratios (%)
Loans/ Deposits 100.01 103.68 100.36 101.85 102.26
Securities/ Assets NA 14.08 16.13 15.93 19.45
Total Equity/ Total Assets 10.31 9.99 9.44 8.83 9.63
Tangible Equity/ Tangible Assets 9.44 8.92 8.26 8.12 9.18
Tang Common Equity/ Tang Assets 9.44 8.92 8.26 8.12 9.18
Asset Quality (%)
NPAs/ Assets NA 2.86 3.04 3.82 4.74
NPA Excl Restructured/ Assets NA 1.66 1.71 2.22 2.77
NPAs & 90+ PD/ Assets 2.25 2.87 3.06 3.82 4.74
NPAs/ Loans & REO NA 3.67 3.99 5 6.34
Nonaccrual & 90+ & OREO/ Assets NA 1.66 1.73 2.22 2.77
NPAs & 90+ PD/ Loans & REO NA 3.67 4.01 5 6.34
NPA & Loans 90+/ Tangible Common Equity + LLR NA 30.46 34.95 43.78 47.94
NCOs/ Avg Loans 0.08 0.11 0.02 0.02 0.09
Loan Loss Reserves/ Gross Loans NA 0.77 0.78 0.88 1.05
Reserves/ NPAs NA 20.70 19.35 17.38 16.20
Loan Loss Provision/ NCO 101.77 127.26 348.19 167.79 132.28
Capital Adequacy
Tier 1 Common Capital (CET1)($000) NA 197,551 177,010 146,494 137,849
Tier 1 Capital($000) NA 216,551 196,010 164,357 156,849
Tier 2 Capital($000) NA 13,047 12,565 11,674 11,472
Total Capital($000) NA 229,598 208,575 176,031 168,321
Total Risk-weighted Assets($000) NA 1,779,739 1,665,527 1,396,558 1,167,349
Tier 1 Common Capital (CET1) Ratio(%) 11.10 11.10 10.63 10.49 11.81
Tier 1 Ratio(%) 12.10 12.20 11.77 11.77 13.44
Total Capital Ratio(%) 12.70 12.90 12.52 12.60 14.42
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.50 10.10 9.41 9.38 10.66
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 12,408,542 12,399,887 12,465,296 10,883,509 10,853,566
Avg Diluted Shares(actual) 12,575,145 12,424,573 11,949,245 10,716,871 10,715,275
Basic Book Value per Share 19.97 17.73 16.17 14.27 13.24
Book Value per Share, As Reported 19.97 17.85 16.30 14.47 13.48
Basic Tangible Book Value per Share 18.11 15.64 13.96 13.02 12.55
Tangible Book Value per Share, As Reported 18.11 15.75 14.08 13.20 12.78
Common Dividends Declared per Share 0.59 0.53 0.44 0.40 0.32
EPS after Extra 2.53 2.26 1 1.61 1.50
EPS after Extra Growth(%) 11.90 126 (37.90) 7.30 28.20
Core EPS 2.43 2.34 1.99 1.59 1.42
Core EPS Growth(%) 4.20 17.10 25.20 11.90 21.50
Diluted EPS before Amortization 2.67 2.39 1.12 1.63 1.52
Pre-Provision Earnings per Share 2.38 2.34 1.87 1.53 1.38
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