Summit financial group, inc. (SMMF)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income
Interest and fees on loans
Taxable

96,500

84,716

74,365

56,439

51,554

50,078

50,485

55,248

58,910

65,643

71,405

Tax-exempt

615

567

543

541

514

352

256

319

265

314

439

Interest and dividends on securities
Interest Income, Securities, Operating, Taxable

6,511

5,341

5,071

4,395

-

-

-

-

-

-

-

Interest Income, Securities, Operating, Tax Exempt

2,850

4,246

3,939

2,543

-

-

-

-

-

-

-

Taxable

-

-

-

-

4,329

4,693

4,127

5,689

9,105

11,922

15,601

Tax-exempt

-

-

-

-

2,479

2,495

2,407

2,593

2,694

1,762

2,079

Interest on interest bearing deposits with other banks

595

539

609

173

7

8

5

35

72

31

12

Total interest income

107,071

95,409

84,527

64,091

58,883

57,626

57,280

63,884

71,046

79,672

89,536

Interest expense
Interest on deposits

23,697

17,675

11,210

8,964

8,336

8,995

10,392

13,158

18,273

21,036

24,951

Interest on short-term borrowings

5,303

5,993

4,473

2,288

525

306

94

31

7

80

573

Interest on long-term borrowings and subordinated debentures

987

1,944

2,697

3,832

4,006

5,940

7,991

10,875

12,922

18,404

20,470

Total interest expense

29,987

25,612

18,380

15,084

12,867

15,241

18,477

24,064

31,202

39,520

45,994

Net interest income

77,084

69,797

66,147

49,007

46,016

42,385

38,803

39,820

39,844

40,152

43,542

Provision for credit losses

1,550

2,250

1,250

500

1,250

2,250

4,500

8,500

10,000

21,350

20,325

Net interest income after provision for loan losses

75,534

67,547

64,897

48,507

44,766

40,135

34,303

31,320

29,844

18,802

23,217

Noninterest income
Insurance commissions

1,911

4,320

4,005

4,022

4,042

4,400

4,429

4,433

4,461

4,744

5,045

Fees and Commissions, Fiduciary and Trust Activities

-

-

-

-

595

-

-

-

-

-

-

Service fees related to deposit accounts

-

-

-

-

4,285

4,405

4,326

4,255

4,125

4,036

3,996

Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments

1,938

622

-14

1,127

1,444

213

240

2,348

4,006

2,051

-

Gain (Loss) on Disposition of Business

1,906

0

0

-

-

-

-

-

-

-

-

Bank owned life insurance income

1,044

1,022

1,017

1,054

1,040

1,071

994

1,109

846

517

481

Other

1,210

1,022

750

423

455

1,134

1,338

1,185

1,114

638

740

Total other-than-temporary impairment loss on securities

-

-

-

-

-

-

155

1,308

6,279

1,816

5,892

Portion of loss recognized in other comprehensive income

-

-

-

-

-

-

-37

-857

-3,633

-828

-526

Net impairment loss recognized in earnings

-

-

-

-

-

-

118

451

2,646

988

5,366

Total noninterest income

19,203

17,422

14,427

11,600

11,861

11,223

11,209

12,879

11,906

7,739

6,281

Noninterest expenses
Salaries, commissions and employee benefits

29,066

27,478

25,075

19,573

17,638

16,185

16,178

15,532

15,833

15,650

16,389

Net occupancy expense

3,417

3,364

3,011

2,098

1,964

2,023

1,853

1,939

1,935

2,010

2,032

Equipment expense

4,972

4,411

3,954

2,759

2,294

2,086

2,303

2,349

2,343

2,457

2,151

Professional fees

1,678

1,607

1,367

1,515

1,616

1,429

1,181

1,161

1,373

1,196

1,409

Marketing and Advertising Expense

698

654

578

445

497

425

-

-

-

-

-

Amortization of intangibles

1,701

1,671

1,410

247

200

250

351

351

351

351

351

FDIC premiums

88

830

1,065

875

1,220

1,792

2,060

2,067

2,423

2,870

3,223

Bank card expense

1,820

1,475

1,432

1,242

-

-

-

-

-

-

-

Foreclosed properties expense, net of losses

2,498

1,350

1,339

166

-

-

-

-

-

-

-

Foreclosed properties expense

-

-

-

-

684

1,020

1,045

1,221

1,458

1,577

478

(Gain) loss on sale of foreclosed properties

-

-

-

-

26

-827

-518

-677

295

-

-

Realized securities gains

-

-

-

-

-

-

-

-

-

-

1,497

Loss on sales of assets

-

-

-

-

-

-

-

-

-

142

-112

Impairment of Real Estate

-

-

-

668

2,415

3,771

3,722

6,862

6,651

3,401

-

Litigation Settlement

0

0

9,900

0

0

-

-

-

-

-

-

Business Combination, Acquisition Related Costs

617

144

1,589

933

0

0

-

-

-

-

-

Other

8,599

6,889

7,025

4,949

5,130

5,516

5,545

5,108

4,569

5,360

6,346

Total noninterest expenses

55,154

49,873

57,745

34,802

33,632

35,324

34,756

37,267

36,641

31,471

32,379

Income before income tax expense

39,583

35,096

21,579

25,305

22,995

16,034

10,756

6,932

5,109

-4,930

-2,881

Income Tax Expense (Benefit)

7,717

7,024

9,664

8,008

6,893

4,678

2,688

1,219

1,035

-2,955

-2,165

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

31,866

28,072

11,915

17,297

16,102

11,356

8,068

5,713

4,074

-1,975

-

Net Income

-

-

-

-

-

-

-

-

-

-

-716

Dividends on preferred shares

-

-

-

-

-

771

775

777

371

297

74

Net income (loss) applicable to common shares

31,866

28,072

11,915

17,297

16,102

10,585

7,293

4,936

3,703

-2,272

-790

Earnings Per Share, Basic

2.55

2.27

1.00

1.62

1.56

1.40

0.98

0.66

0.50

-0.31

-0.11

Earnings Per Share, Diluted

2.53

2.26

1.00

1.61

1.50

1.17

0.84

0.60

0.49

-0.31

-0.11

Fiduciary and Trust [Member]
Revenue from Contract with Customer, Including Assessed Tax

2,564

2,653

1,863

449

-

-

-

-

-

-

-

Deposit Account [Member]
Revenue from Contract with Customer, Including Assessed Tax

5,094

4,631

4,109

2,656

-

-

-

-

-

-

-

Credit and Debit Card [Member]
Revenue from Contract with Customer, Including Assessed Tax

3,536

3,152

2,697

1,869

-

-

-

-

-

-

-