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

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Balance Sheet ($000)
2018 Q22017 Q2Y-Y
Ch (%)
2018 Q1Q-Q
Ch (%)
Loans Held for Investment, before Reserves1,629,9531,550,4155.131,643,407(3.27)
Loans Held for Sale, before Reserves1351,054(87.19)221(155.66)
Loan Loss Reserve12,58012,3322.0112,25710.54
Net Loans Receivable1,617,5081,539,1375.091,631,371(3.40)
Intangible Assets26,66528,214(5.49)27,077(6.09)
Total Assets2,107,6522,095,3000.592,134,895(5.10)
Deposits1,639,9961,613,9191.621,654,523(3.51)
Debt, Senior and Subordinated242,761271,076(10.45)258,849(24.86)
Common Equity209,879193,1328.67205,0099.50
Total Shareholders' Equity209,879193,1328.67205,0099.50
Shares Outstanding (actual)12,470,33412,426,5540.3512,468,0130.07
Income Statement ($000)
2018 Q22017 Q2Y-Y
Ch (%)
2018 Q1Q-Q
Ch (%)
Net Interest Income17,27517,848(3.21)17,2570.42
Provision for Loan Losses750250200.00500200.00
Noninterest Income4,0613,8266.144,144(8.01)
Noninterest Expense12,73512,4812.0412,31413.68
Net Income Before Taxes7,9387,5784.759,319(59.28)
Provision for Taxes1,6582,300(27.91)1,876(46.48)
Net Income6,2805,27818.987,443(62.50)
Per Share Items ($)
2018 Q22017 Q2Y-Y
Ch (%)
2018 Q1Q-Q
Ch (%)
Book Value per Share16.8315.548.2916.449.43
Tangible Book Value14.6913.2710.7014.2711.80
Diluted EPS Before Extra0.510.4318.600.60(60.00)
Diluted EPS After Extra0.510.4318.600.60(60.00)
Dividends Declared0.13000.110018.180.13000.00
Performance Ratios (%)
2018 Q22017 Q2Y-Y
Ch (bp)
2018 Q1Q-Q
Ch (bp)
ROAA1.191.01181.40(21)
ROAE12.1611.1010614.73(257)
Net Interest Margin3.583.81(23)3.580
Loans / Deposits99.3996.0733299.336
Efficiency Ratio55.8853.5523353.84204
Balance Sheet Ratios (%)
2018 Q22017 Q2Y-Y
Ch (bp)
2018 Q1Q-Q
Ch (bp)
Tangible Equity/ Tangible Assets8.807.98838.4436
Equity/ Assets9.969.22749.6036
Asset Quality Ratios (%)
2018 Q22017 Q2Y-Y
Ch (bp)
2018 Q1Q-Q
Ch (bp)
Nonperforming Assets/ Assets1.771.78(1)1.734
Loan Loss Reserves/ Gross Loans0.770.79(2)0.753
Loan Loss Reserves/ NPAs19.4519.341119.1035
Net Charge-offs/ Avg Loans0.10(0.09)200.20(9)
Regulatory Capital Ratios (%)
2018 Q22017 Q2Y-Y
Ch (bp)
2018 Q1Q-Q
Ch (bp)
Tier 1 Capital Ratio12.0811.693911.7731
   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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