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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)
2018 Q12017 Q1Y-Y
Ch (%)
2017 Q4Q-Q
Ch (%)
Loans Held for Investment, before Reserves1,643,4071,304,63325.971,606,3099.24
Loans Held for Sale, before Reserves22117228.490NM
Loan Loss Reserve12,25711,7184.6012,565(9.81)
Net Loans Receivable1,631,3711,293,08726.161,593,7449.44
Intangible Assets27,07713,58799.2927,513(6.34)
Total Assets2,134,8951,776,44220.182,134,2400.12
Deposits1,654,5231,301,24127.151,600,60113.48
Debt, Senior and Subordinated258,849294,672(12.16)315,839(72.18)
Common Equity205,009153,61933.45201,5056.96
Total Shareholders' Equity205,009153,61933.45201,5056.96
Shares Outstanding (actual)12,468,01310,887,10514.5212,465,2960.09
Income Statement ($000)
2018 Q12017 Q1Y-Y
Ch (%)
2017 Q4Q-Q
Ch (%)
Net Interest Income17,25713,63026.6117,438(4.15)
Provision for Loan Losses500250100.00375133.33
Noninterest Income4,1442,63757.154,00314.09
Noninterest Expense12,3149,00736.7212,332(0.58)
Net Income Before Taxes9,319(3,057)NM8,64831.04
Provision for Taxes1,876(1,441)NM6,325(281.36)
Net Income7,443(1,616)NM2,323881.62
Per Share Items ($)
2018 Q12017 Q1Y-Y
Ch (%)
2017 Q4Q-Q
Ch (%)
Book Value per Share16.4414.1116.5316.176.87
Tangible Book Value14.2712.8610.9513.968.97
Diluted EPS Before Extra0.60(0.15)NM0.19863.16
Diluted EPS After Extra0.60(0.15)NM0.19863.16
Dividends Declared0.13000.110018.180.110072.73
Performance Ratios (%)
2018 Q12017 Q1Y-Y
Ch (bp)
2017 Q4Q-Q
Ch (bp)
ROAA1.40(0.37)1770.4496
ROAE14.73(4.11)1,8844.621,011
Net Interest Margin3.583.5443.65(7)
Loans / Deposits99.33100.26(93)100.36(103)
Efficiency Ratio53.8451.7820652.44140
Balance Sheet Ratios (%)
2018 Q12017 Q1Y-Y
Ch (bp)
2017 Q4Q-Q
Ch (bp)
Tangible Equity/ Tangible Assets8.447.94508.2618
Equity/ Assets9.608.65969.4416
Asset Quality Ratios (%)
2018 Q12017 Q1Y-Y
Ch (bp)
2017 Q4Q-Q
Ch (bp)
Nonperforming Assets/ Assets1.732.16(43)1.730
Loan Loss Reserves/ Gross Loans0.750.90(15)0.78(4)
Loan Loss Reserves/ NPAs19.1017.6014919.35(25)
Net Charge-offs/ Avg Loans0.200.06130.0713
Regulatory Capital Ratios (%)
2018 Q12017 Q1Y-Y
Ch (bp)
2017 Q4Q-Q
Ch (bp)
Tier 1 Capital Ratio11.7711.502711.770
   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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