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SUMMIT FINANCIAL GROUP, INC. (NASDAQ - SMMF)  
Trend Analysis--Quarterly (click here for Annual Analysis)

For the definition of a financial field, click on the field name.


Balance Sheet ($000)
2017 Q22016 Q2Y-Y
Ch (%)
2017 Q1Q-Q
Ch (%)
Loans Held for Investment, before Reserves1,550,4151,178,10031.601,304,63375.36
Loans Held for Sale, before Reserves1,054245330.201722,051.16
Loan Loss Reserve12,33211,3778.3911,71820.96
Net Loans Receivable1,539,1371,166,96831.891,293,08776.11
Intangible Assets28,2147,398281.3713,587430.62
Total Assets2,095,3001,565,18133.871,776,44271.80
Deposits1,613,9191,096,54547.181,301,24196.12
Debt, Senior and Subordinated271,076299,767(9.57)294,672(32.03)
Common Equity193,132150,66928.18153,619102.89
Total Shareholders' Equity193,132150,66928.18153,619102.89
Shares Outstanding (actual)12,426,55410,856,35614.4610,887,10556.56
Income Statement ($000)
2017 Q22016 Q2Y-Y
Ch (%)
2017 Q1Q-Q
Ch (%)
Net Interest Income17,84811,73452.1013,630123.79
Provision for Loan Losses2502500.002500.00
Noninterest Income3,8262,66243.732,637180.36
Noninterest Expense12,4818,28450.669,007154.28
Net Income Before Taxes7,5786,09224.39(3,057)NM
Provision for Taxes2,3001,84924.39(1,441)NM
Net Income5,2784,24324.39(1,616)NM
Per Share Items ($)
2017 Q22016 Q2Y-Y
Ch (%)
2017 Q1Q-Q
Ch (%)
Book Value per Share15.5413.8811.9914.1140.59
Tangible Book Value13.2713.200.5612.8612.73
Diluted EPS Before Extra0.430.407.50(0.15)NM
Diluted EPS After Extra0.430.407.50(0.15)NM
Dividends Declared0.11000.100010.000.11000.00
Performance Ratios (%)
2017 Q22016 Q2Y-Y
Ch (bp)
2017 Q1Q-Q
Ch (bp)
ROAA1.011.10(9)(0.37)138
ROAE11.1011.49(39)(4.11)1,521
Net Interest Margin3.813.40413.5427
Loans / Deposits96.07107.44(1,137)100.26(420)
Efficiency Ratio53.0055.35(235)51.16184
Balance Sheet Ratios (%)
2017 Q22016 Q2Y-Y
Ch (bp)
2017 Q1Q-Q
Ch (bp)
Tangible Equity/ Tangible Assets7.989.20(122)7.943
Equity/ Assets9.229.63(41)8.6557
Asset Quality Ratios (%)
2017 Q22016 Q2Y-Y
Ch (bp)
2017 Q1Q-Q
Ch (bp)
Nonperforming Assets/ Assets1.782.47(69)2.16(38)
Loan Loss Reserves/ Gross Loans0.790.97(17)0.90(10)
Loan Loss Reserves/ NPAs19.3417.1322117.60174
Net Charge-offs/ Avg Loans(0.09)0.07(16)0.06(16)
Regulatory Capital Ratios (%)
2017 Q22016 Q2Y-Y
Ch (bp)
2017 Q1Q-Q
Ch (bp)
Tier 1 Capital Ratio11.6912.86(117)11.5019
   Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4

  * Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.



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