{"id":7335,"date":"2020-04-27T13:13:00","date_gmt":"2020-04-27T13:13:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2531783"},"modified":"2020-04-27T13:13:00","modified_gmt":"2020-04-27T13:13:00","slug":"civista-bancshares-inc-announces-first-quarter-2020-earnings","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/04\/27\/civista-bancshares-inc-announces-first-quarter-2020-earnings\/","title":{"rendered":"Civista Bancshares, Inc. Announces First Quarter 2020 Earnings"},"content":{"rendered":"

ensive income of $3.0 million<\/span>.       <\/p>\n

Asset Quality<\/strong><\/p>\n

Civista recorded net recoveries of $55 thousand<\/span> for the three months of 2020 compared to net recoveries of $143 thousand<\/span> for the same period of 2019.  The allowance for loan losses to loans was 0.97% at March 31, 2020<\/span> and 0.86% at December 31, 2019<\/span>.     <\/p>\n

\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n
\n

Allowance for Loan Losses<\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

(unaudited – dollars in thousands)<\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
 <\/td>\n\n

March 31,<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

March 31,<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n\n

2020<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2019<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Beginning of period<\/span><\/p>\n<\/td>\n

\n

$          14,767<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$          13,679<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Charge-offs<\/span><\/p>\n<\/td>\n

\n

(24)<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

(239)<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Recoveries<\/span><\/p>\n<\/td>\n

\n

79<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

382<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Provision<\/span><\/p>\n<\/td>\n

\n

2,126<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

–<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

End of period<\/span><\/p>\n<\/td>\n

\n

$          16,948<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$          13,822<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

Non-performing assets at March 31, 2020<\/span> were $8.6 million<\/span>, a 6.1% decrease from December 31<\/span>, 2019.  The non-performing assets to assets ratio decreased to 0.33% from 0.39% at December 31<\/span>, 2019.  The allowance for loan losses to non-performing loans increased to 197.97% from 161.95% At December 31<\/span>, 2019.   <\/p>\n

\n
\n
\n\n\n\n\n\n\n\n\n\n\n
\n

Non-performing Assets<\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

(unaudited – dollars in thousands)<\/span><\/p>\n<\/td>\n

\n

March 31,<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

December 31,<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n\n

2020<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2019<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Non-accrual loans<\/span><\/p>\n<\/td>\n

\n

$           6,072<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           6,115<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Restructured loans<\/span><\/p>\n<\/td>\n

\n

2,489<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

3,004<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Total non-performing loans<\/span><\/p>\n<\/td>\n

\n

8,561<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

9,119<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Other Real Estate Owned<\/span><\/p>\n<\/td>\n

\n

–<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

–<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Total non-performing assets<\/span><\/p>\n<\/td>\n

\n

$           8,561<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           9,119<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

Conference Call and Webcast<\/strong><\/p>\n

Civista Bancshares, Inc. will also host a conference call to discuss the Company’s financial results for the first quarter of 2020 at 1:00 p.m. ET on Friday<\/span>, April 24, 2020.  Interested parties can access the live webcast of the conference call through the Investor Relations section of the Company’s website, www.civb.com.  Participants can also listen to the conference call by dialing 855-238-2712 and ask to be joined into the Civista Bancshares, Inc. first quarter 2020 earnings call.  Please log in or dial in at least 10 minutes prior to the start time to ensure a connection.<\/p>\n

An archive of the webcast will be available for one year on the Investor Relations section of the Company’s website (www.civb.com).<\/p>\n

Forward Looking Statements<\/strong><\/p>\n

This press release may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of Civista.  For these statements, Civista claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.   Statements in this press release should be considered in conjunction with the other information available about Civista, including the information in the filings we make with the Securities and Exchange Commission.  Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance.  The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties.  We have tried, wherever possible, to identify such statements by using words such as “anticipate,” “estimate,” “project,” “intend,” “plan,” “believe,” “will” and similar expressions in connection with any discussion of future operating or financial performance. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements.  Risks and uncertainties that could cause actual results to differ materially include risk factors relating to the banking industry and the other factors detailed from time to time in Civista’ reports filed with the Securities and Exchange Commission, including those described in “Item 1A Risk Factors” of Part I of Civista’s Annual Report on Form 10-K for the fiscal year ended December 31<\/span>, 2019.  Undue reliance should not be placed on the forward-looking statements, which speak only as of the date hereof.  Civista does not undertake, and specifically disclaims any obligation, to update any forward-looking statement to reflect the events or circumstances after the date on which the forward-looking statement is made, or reflect the occurrence of unanticipated events, except to the extent required by law.<\/p>\n

Civista Bancshares, Inc. is a $2.6 billion<\/span> financial holding company headquartered in Sandusky, Ohio<\/span>.  The Company’s banking subsidiary, Civista Bank, operates 37 locations in Northern, Central and Southwestern Ohio<\/span>, Southeastern Indiana<\/span> and Northern Kentucky.  Civista Bancshares, Inc. may be accessed at www.civb.com.  The Company’s common shares are traded on the NASDAQ Capital Market under the symbol “CIVB”. <\/p>\n

\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Civista Bancshares, Inc.
Financial Highlights
(dollars in thousands, except share and per share amounts)<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n<\/tr>\n
\n

Consolidated Condensed Statement of Operations<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
 <\/td>\n\n

Three Months Ended<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
 <\/td>\n\n

March 31,<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
 <\/td>\n\n

(unaudited)<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
 <\/td>\n\n

2020<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2019<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Interest and dividend income<\/span><\/p>\n<\/td>\n

\n

$        25,002<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$        24,584<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

Interest expense<\/span><\/p>\n<\/td>\n

\n

2,887<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2,865<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

Net interest income<\/span><\/p>\n<\/td>\n

\n

22,115<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

21,719<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

Provision for loan losses<\/span><\/p>\n<\/td>\n

\n

2,126<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

–<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

Net interest income after provision<\/span><\/p>\n<\/td>\n

\n

19,989<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

21,719<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

Noninterest income<\/span><\/p>\n<\/td>\n

\n

6,876<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

6,284<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

Noninterest expense<\/span><\/p>\n<\/td>\n

\n

17,856<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

16,449<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

Income before taxes<\/span><\/p>\n<\/td>\n

\n

9,009<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

11,554<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

Income tax expense<\/span><\/p>\n<\/td>\n

\n

1,176<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,885<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

Net income <\/span><\/p>\n<\/td>\n

\n

7,833<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

9,669<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

Preferred stock dividends <\/span><\/p>\n<\/td>\n

\n

–<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

164<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

Net income  available <\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

to common shareholders<\/span><\/p>\n<\/td>\n

\n

$          7,833<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$          9,505<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Dividends per common share<\/span><\/p>\n<\/td>\n

\n

$            0.11<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$            0.09<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Earnings per common share,<\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

basic<\/span><\/p>\n<\/td>\n

\n

$            0.47<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$            0.61<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

diluted<\/span><\/p>\n<\/td>\n

\n

$            0.47<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$            0.57<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Average shares outstanding,<\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

basic<\/span><\/p>\n<\/td>\n

\n

16,517,745<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

15,607,655<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

diluted<\/span><\/p>\n<\/td>\n

\n

16,517,745<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

16,901,830<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Selected financial ratios:<\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Return on average assets<\/span><\/p>\n<\/td>\n

\n

1.22%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1.72%<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

Return on average equity<\/span><\/p>\n<\/td>\n

\n

9.47%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

13.00%<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

Dividend payout ratio<\/span><\/p>\n<\/td>\n

\n

23.20%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

14.53%<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

Net interest margin (tax equivalent)<\/span><\/p>\n<\/td>\n

\n

4.10%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

4.45%<\/span><\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

 Selected Balance Sheet Items <\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
 <\/td>\n\n

 March 31, <\/span><\/p>\n<\/td>\n

 <\/td>\n\n

 December 31, <\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n\n

2020<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2019<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
 <\/td>\n\n

 (unaudited) <\/span><\/p>\n<\/td>\n

 <\/td>\n\n

 (unaudited) <\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Cash and due from financial institutions <\/span><\/p>\n<\/td>\n

\n

$              256,023<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$                48,535<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Investment securities <\/span><\/p>\n<\/td>\n

\n

366,689<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

359,690<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Loans held for sale <\/span><\/p>\n<\/td>\n

\n

7,632<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2,285<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Loans <\/span><\/p>\n<\/td>\n

\n

1,743,125<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,708,970<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Less allowance for loan losses <\/span><\/p>\n<\/td>\n

\n

16,948<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

14,767<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Net loans <\/span><\/p>\n<\/td>\n

\n

1,726,177<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,694,203<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Other securities <\/span><\/p>\n<\/td>\n

\n

20,280<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

20,280<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Premises and equipment, net <\/span><\/p>\n<\/td>\n

\n

22,443<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

22,871<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Goodwill and other intangibles <\/span><\/p>\n<\/td>\n

\n

84,919<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

85,156<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Bank owned life insurance <\/span><\/p>\n<\/td>\n

\n

45,249<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

44,999<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Other assets <\/span><\/p>\n<\/td>\n

\n

46,444<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

31,538<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Total assets <\/span><\/p>\n<\/td>\n

\n

$           2,575,856<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           2,309,557<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

 Total deposits <\/span><\/p>\n<\/td>\n

\n

$           1,991,939<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           1,678,764<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Federal Home Loan Bank advances <\/span><\/p>\n<\/td>\n

\n

142,000<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

226,500<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Securities sold under agreements to repurchase <\/span><\/p>\n<\/td>\n

\n

22,699<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

18,674<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Subordinated debentures <\/span><\/p>\n<\/td>\n

\n

29,427<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

29,427<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Accrued expenses and other liabilities <\/span><\/p>\n<\/td>\n

\n

61,624<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

26,066<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Total shareholders’ equity <\/span><\/p>\n<\/td>\n

\n

328,167<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

330,126<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Total liabilities and shareholders’ equity <\/span><\/p>\n<\/td>\n

\n

$           2,575,856<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           2,309,557<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

 Shares outstanding at period end <\/span><\/p>\n<\/td>\n

\n

16,064,010<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

16,687,542<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

 Book value per share <\/span><\/p>\n<\/td>\n

\n

$                  20.43<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$                  19.78<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 Equity to asset ratio <\/span><\/p>\n<\/td>\n

\n

12.74%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

14.29%<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Selected asset quality ratios:<\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Allowance for loan losses to total loans<\/span><\/p>\n<\/td>\n

\n

0.97%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

0.86%<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Non-performing assets to total assets<\/span><\/p>\n<\/td>\n

\n

0.33%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

0.39%<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Allowance for loan losses to non-performing loans<\/span><\/p>\n<\/td>\n

\n

197.97%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

161.95%<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Non-performing asset analysis<\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Nonaccrual loans<\/span><\/p>\n<\/td>\n

\n

$                  6,072<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$                  6,115<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Troubled debt restructurings<\/span><\/p>\n<\/td>\n

\n

2,489<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

3,004<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Other real estate owned<\/span><\/p>\n<\/td>\n

\n

–<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

–<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Total<\/span><\/p>\n<\/td>\n

\n

$                  8,561<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$                  9,119<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Supplemental Financial Information<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

(Unaudited – Dollars in thousands except share data)<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
 <\/td>\n\n

March 31,<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

December 31,<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

September 30,<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

June 30,<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

March 31,<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

End of Period Balances<\/strong><\/span><\/p>\n<\/td>\n

\n

2020<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2019<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2019<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2019<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2019<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Assets<\/strong><\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Cash and due from banks<\/span><\/p>\n<\/td>\n

\n

$     256,023<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$       48,535<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$       62,219<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$       49,839<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$     164,094<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Investment securities<\/span><\/p>\n<\/td>\n

\n

366,689<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

359,690<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

356,439<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

360,512<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

351,006<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Loans held for sale<\/span><\/p>\n<\/td>\n

\n

7,632<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2,285<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

8,983<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2,563<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,444<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Loans<\/span><\/p>\n<\/td>\n

\n

1,743,125<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,708,970<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,648,640<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,598,770<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,573,193<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Allowance for loan losses<\/span><\/p>\n<\/td>\n

\n

(16,948)<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

(14,767)<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

(14,144)<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

(13,786)<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

(13,822)<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Net Loans<\/span><\/p>\n<\/td>\n

\n

1,726,177<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,694,203<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,634,496<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,584,984<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,559,371<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Other securities<\/span><\/p>\n<\/td>\n

\n

20,280<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

20,280<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

20,280<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

20,280<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

20,280<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Premises and equipment, net<\/span><\/p>\n<\/td>\n

\n

22,443<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

22,871<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

22,201<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

21,720<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

21,772<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Goodwill and other intangibles<\/span><\/p>\n<\/td>\n

\n

84,919<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

85,156<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

85,461<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

85,706<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

85,955<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Bank owned life insurance<\/span><\/p>\n<\/td>\n

\n

45,249<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

44,999<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

44,745<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

44,491<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

44,239<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Other assets<\/span><\/p>\n<\/td>\n

\n

46,444<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

31,538<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

34,241<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

32,900<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

29,541<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Total Assets<\/strong><\/span><\/p>\n<\/td>\n

\n

$  2,575,856<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  2,309,557<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  2,269,065<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  2,202,995<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  2,277,702<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Liabilities<\/strong><\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Total deposits<\/span><\/p>\n<\/td>\n

\n

$  1,991,939<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  1,678,764<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  1,632,621<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  1,632,720<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  1,765,801<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Federal Home Loan Bank advances<\/span><\/p>\n<\/td>\n

\n

142,000<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

226,500<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

236,100<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

176,300<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

127,100<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Securities sold under agreement to repurchase<\/span><\/p>\n<\/td>\n

\n

22,699<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

18,674<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

15,088<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

15,554<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

21,970<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Subordinated debentures<\/span><\/p>\n<\/td>\n

\n

29,427<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

29,427<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

29,427<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

29,427<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

29,427<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Accrued expenses and other liabilities<\/span><\/p>\n<\/td>\n

\n

61,624<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

26,066<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

26,566<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

24,782<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

21,347<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Total liabilities<\/span><\/p>\n<\/td>\n

\n

2,247,689<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,979,431<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,939,802<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,878,783<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,965,645<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Shareholders’ Equity<\/strong><\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Preferred shares, Series B<\/span><\/p>\n<\/td>\n

\n

–<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

–<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

9,158<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

9,364<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

9,364<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Common shares<\/span><\/p>\n<\/td>\n

\n

276,546<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

276,422<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

267,559<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

267,275<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

266,990<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Retained earnings<\/span><\/p>\n<\/td>\n

\n

73,972<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

67,974<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

62,023<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

56,199<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

49,421<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Treasury shares<\/span><\/p>\n<\/td>\n

\n

(32,239)<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

(21,144)<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

(21,144)<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

(17,235)<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

(17,235)<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Accumulated other comprehensive income<\/span><\/p>\n<\/td>\n

\n

9,888<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

6,874<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

11,667<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

8,609<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

3,517<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Total shareholders’ equity<\/span><\/p>\n<\/td>\n

\n

328,167<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

330,126<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

329,263<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

324,212<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

312,057<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Total Liabilities and Shareholders’ Equity<\/span><\/p>\n<\/td>\n

\n

$  2,575,856<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  2,309,557<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  2,269,065<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  2,202,995<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  2,277,702<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Quarterly Average Balances<\/strong><\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Assets:<\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Earning assets<\/span><\/p>\n<\/td>\n

\n

$  2,232,168<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  2,070,175<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  2,021,780<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  1,986,841<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  2,017,523<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Securities<\/span><\/p>\n<\/td>\n

\n

385,187<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

372,639<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

379,525<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

373,999<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

365,219<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Loans<\/span><\/p>\n<\/td>\n

\n

1,725,685<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,676,769<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,626,010<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,583,533<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,564,208<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Liabilities and Shareholders’ Equity<\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Total deposits<\/span><\/p>\n<\/td>\n

\n

$  1,975,133<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  1,661,452<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  1,622,527<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  1,670,247<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$  1,807,102<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Interest-bearing deposits<\/span><\/p>\n<\/td>\n

\n

1,175,593<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,160,499<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,139,632<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,129,964<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,126,173<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Other interest-bearing liabilities<\/span><\/p>\n<\/td>\n

\n

209,909<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

252,908<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

246,235<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

186,140<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

148,891<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Total shareholders’ equity<\/span><\/p>\n<\/td>\n

\n

332,602<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

329,634<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

326,103<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

315,438<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

301,656<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Supplemental Financial Information<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

(Unaudited – Dollars in thousands except share data)<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
 <\/td>\n\n

Three Months Ended<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n\n

March 31,<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

December 31,<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

September 30,<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

June 30,<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

March 31,<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Income statement<\/strong><\/span><\/p>\n<\/td>\n

\n

2020<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2019<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2019<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2019<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2019<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Total interest and dividend income<\/span><\/p>\n<\/td>\n

\n

$         25,002<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$         24,521<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$         24,023<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$         24,926<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$         24,584<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Total interest expense<\/span><\/p>\n<\/td>\n

\n

2,887<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

3,299<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

3,605<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

3,184<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2,865<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Net interest income<\/span><\/p>\n<\/td>\n

\n

22,115<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

21,222<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

20,418<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

21,742<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

21,719<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Provision for loan losses<\/span><\/p>\n<\/td>\n

\n

2,126<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

885<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

150<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

–<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

–<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Noninterest income<\/span><\/p>\n<\/td>\n

\n

6,876<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

5,627<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

5,429<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

5,104<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

6,284<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Noninterest expense<\/span><\/p>\n<\/td>\n

\n

17,856<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

17,128<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

16,731<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

16,639<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

16,449<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Income before taxes<\/span><\/p>\n<\/td>\n

\n

9,009<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

8,836<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

8,966<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

10,207<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

11,554<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Income tax expense<\/span><\/p>\n<\/td>\n

\n

1,176<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

995<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,258<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,546<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

1,885<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Net income<\/span><\/p>\n<\/td>\n

\n

7,833<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

7,841<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

7,708<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

8,661<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

9,669<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Preferred stock dividends<\/span><\/p>\n<\/td>\n

\n

–<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

157<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

162<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

164<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

164<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Net income available to <\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

common shareholders<\/span><\/p>\n<\/td>\n

\n

$           7,833<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           7,684<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           7,546<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           8,497<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           9,505<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Common shares dividend paid<\/span><\/p>\n<\/td>\n

\n

$           1,835<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           1,702<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           1,722<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           1,719<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           1,404<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Per share data<\/strong><\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Basic earnings per common share<\/span><\/p>\n<\/td>\n

\n

$             0.47<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$             0.49<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$             0.48<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$             0.54<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$             0.61<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Diluted earnings per common share<\/span><\/p>\n<\/td>\n

\n

0.47<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

0.47<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

0.46<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

0.51<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

0.57<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Dividends per common share<\/span><\/p>\n<\/td>\n

\n

0.11<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

0.11<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

0.11<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

0.11<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

0.09<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Average common shares outstanding – basic<\/span><\/p>\n<\/td>\n

\n

16,517,745<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

15,796,713<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

15,577,371<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

15,628,537<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

15,607,655<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Average common shares outstanding – diluted<\/span><\/p>\n<\/td>\n

\n

16,517,745<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

16,734,391<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

16,849,887<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

16,922,712<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

16,901,830<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Asset quality<\/strong><\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Allowance for loan losses, beginning of period<\/span><\/p>\n<\/td>\n

\n

$         14,767<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$         14,144<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$         13,786<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$         13,822<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$         13,679<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Charge-offs<\/span><\/p>\n<\/td>\n

\n

(24)<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

(345)<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

(36)<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

(156)<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

(239)<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Recoveries<\/span><\/p>\n<\/td>\n

\n

79<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

83<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

244<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

120<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

382<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Provision<\/span><\/p>\n<\/td>\n

\n

2,126<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

885<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

150<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

–<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

–<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Allowance for loan losses, end of period<\/span><\/p>\n<\/td>\n

\n

$         16,948<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$         14,767<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$         14,144<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$         13,786<\/span><\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$         13,822<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Ratios<\/strong><\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Allowance to total loans<\/span><\/p>\n<\/td>\n

\n

0.97%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

0.86%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

0.86%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

0.86%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

0.88%<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Allowance to nonperforming assets<\/span><\/p>\n<\/td>\n

\n

197.97%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

161.95%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

149.91%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

164.69%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

150.60%<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Allowance to nonperforming loans<\/span><\/p>\n<\/td>\n

\n

197.97%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

161.95%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

149.91%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

164.69%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

150.60%<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Nonperforming assets<\/strong><\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Nonperforming loans<\/span><\/p>\n<\/td>\n

\n

$           8,561<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           9,119<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           9,435<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           8,371<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           9,178<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Other real estate owned<\/span><\/p>\n<\/td>\n

\n

–<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

–<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

–<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

–<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

–<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Total nonperforming assets<\/span><\/p>\n<\/td>\n

\n

$           8,561<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           9,119<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           9,435<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           8,371<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           9,178<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Capital and liquidity<\/strong><\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Tier 1 leverage ratio<\/span><\/p>\n<\/td>\n

\n

10.66%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

12.35%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

12.37%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

12.44%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

11.64%<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Tier 1 risk-based capital ratio<\/span><\/p>\n<\/td>\n

\n

14.33%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

15.26%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

15.50%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

15.94%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

15.64%<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Total risk-based capital ratio<\/span><\/p>\n<\/td>\n

\n

15.25%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

16.10%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

16.32%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

16.78%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

16.48%<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Tangible common equity ratio (1)<\/sup><\/span><\/p>\n<\/td>\n

\n

9.82%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

11.08%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

10.81%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

10.89%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

9.96%<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

(1) See reconciliation of non-GAAP measures at the end of this press release.<\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Reconciliation of Non-GAAP Financial Measures<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

(Unaudited – Dollars in thousands except share data)<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
 <\/td>\n\n

Three Months Ended<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n\n

March 31,<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

December 31,<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

September 30,<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

June 30,<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

March 31,<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n\n

2020<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2019<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2019<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2019<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

2019<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Tangible Common Equity<\/strong><\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Total Shareholder’s Equity – GAAP<\/span><\/p>\n<\/td>\n

\n

$       328,167<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$       330,126<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$       329,263<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$       324,212<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$       312,057<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Less: Preferred Equity<\/span><\/p>\n<\/td>\n

\n

–<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

–<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

9,158<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

9,364<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

9,364<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Less: Goodwill and intangible assets<\/span><\/p>\n<\/td>\n

\n

83,363<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

83,595<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

83,829<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

84,064<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

84,299<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Tangible common equity (Non-GAAP)<\/span><\/p>\n<\/td>\n

\n

$       244,804<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$       246,531<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$       236,276<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$       230,784<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$       218,394<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Total Shares Outstanding<\/span><\/p>\n<\/td>\n

\n

16,064,010<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

16,687,542<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

15,473,275<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

15,633,059<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

15,624,113<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Tangible book value per share<\/span><\/p>\n<\/td>\n

\n

$           15.24<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           14.77<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           15.27<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           14.76<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$           13.98<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Tangible Assets<\/strong><\/span><\/p>\n<\/td>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Total Assets – GAAP<\/span><\/p>\n<\/td>\n

\n

$    2,575,856<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$    2,309,557<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$    2,269,065<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$    2,202,995<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$    2,277,702<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Less: Goodwill and intangible assets<\/span><\/p>\n<\/td>\n

\n

83,363<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

83,595<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

83,829<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

84,064<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

84,299<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Tangible assets (Non-GAAP)<\/span><\/p>\n<\/td>\n

\n

$    2,492,493<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$    2,225,962<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$    2,185,236<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$    2,118,931<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

$    2,193,403<\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
\n

Tangible common equity to tangible assets<\/span><\/p>\n<\/td>\n

\n

9.82%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

11.08%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

10.81%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

10.89%<\/span><\/p>\n<\/td>\n

 <\/td>\n\n

9.96%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

\n

See Campaign: <\/strong>http:\/\/www.civb.com<\/a>
Contact Information:<\/b>
www.civb.com<\/p>\n

Tags:<\/b>
<\/a>, Wire Real Estate<\/a>, Wire<\/a>, United States<\/a>, English<\/a><\/p>\n

\"image\"<\/div>\n

\n

Contact Information:<\/h3>\n

www.civb.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

ensive income of $3.0 million.        Asset Quality Civista recorded net recoveries of $55 thousand for the three months of 2020 compared to net recoveries of $143 thousand for the same period of 2019.  The allowance for loan losses to loans was 0.97% at March 31, 2020 and 0.86% at December 31, 2019.      Allowance for Loan Losses       (unaudited – … Continue reading Civista Bancshares, Inc. Announces First Quarter 2020 Earnings<\/span><\/a> Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,22,54,18],"tags":[],"class_list":["post-7335","post","type-post","status-publish","format-standard","hentry","category-english","category-united-states","category-wire","category-wire-real-estate"],"yoast_head":"\nCivista Bancshares, Inc. Announces First Quarter 2020 Earnings - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/04\/27\/civista-bancshares-inc-announces-first-quarter-2020-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Civista Bancshares, Inc. Announces First Quarter 2020 Earnings - Business\" \/>\n<meta property=\"og:description\" content=\"ensive income of $3.0 million.        Asset Quality Civista recorded net recoveries of $55 thousand for the three months of 2020 compared to net recoveries of $143 thousand for the same period of 2019.  The allowance for loan losses to loans was 0.97% at March 31, 2020 and 0.86% at December 31, 2019.      Allowance for Loan Losses       (unaudited – … Continue reading Civista Bancshares, Inc. 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