Civista Bancshares (CIVB) 8-K Civista Bancshares, Inc. Announces Strong Second Quarter 2015 Earnings

Exhibit 99.1

Civista Bancshares, Inc. Announces Strong Second Quarter 2015 Earnings

Sandusky, Ohio, July 24, 2015 – Civista Bancshares, Inc (NASDAQ:CIVB) PRNewswire (“Civista”) reported net income attributable to common shares of $2.7 million, or $0.29 per diluted share, for the second quarter of 2015, compared with $1.8 million, or $0.21 per diluted share, for the prior year period. For the six-month period ended June 30, 2015, Civista reported net income available to common shareholders of $5.5 million or $0.58 per diluted share, compared to $3.9 million, or $0.43 per diluted share, in the same period of 2014.

“We have posted strong results in the second quarter, which has continued on with the momentum we generated in 2014 and the first quarter of 2015. We ended the quarter with $1 billion in loans for the first time in our organization’s history. We have fully integrated the acquisition of TCNB Financial Corp. and had a full quarter with the acquired locations as part of the Civista family. We have already begun to see improvement in net income as a result.” said James O. Miller, Chairman, President and CEO of Civista.

Results of Operations:

Net interest income for the second quarter of 2015 increased $1.7 million, or 16.1%, from the prior year’s second quarter and for the six months ended June 30 increased $2.4 million, or 11.7%, when compared to the same period of 2014. Tax equivalent net interest margin was 3.96% for the second quarter and 3.81% for the six months ended June 30, 2015. The increase in net interest income for the quarter and six months ended June 30, 2015 was due both to an increase in average loans outstanding as well as a decrease in cost of funds. The average balance of interest-bearing deposits relating to tax refund processing was approximately $73 million for 2015. Removing the impact of Civista’s tax refund processing, the net interest margin would have been 24 basis points higher for the first six months of 2015. Mr. Miller continued, “Due to the cash held as a result of the tax refund processing program we see a decrease in the net interest margin during the first quarter, and gradual improvement as the year progresses. Our second quarter net interest margin is much more reflective of our core net interest margin.”

Summary Average Balance Sheet

(Tax-equivalent basis / dollars in thousands)

	Six months ended June 30,
	2015							2014
	Average balance		Interest		Yield / rate			Average balance		Interest		Yield / rate
Assets
Loans	$	959,474	$	21,516		4.53	%	$	857,765	$	19,632		4.62	%
Securities		211,548		2,893		3.50	%		216,999		2,920		3.32	%
Interest-bearing deposits		79,794		94		0.24	%		96,719		128		0.26	%
Total interest earning assets	$	1,250,816	$	24,503		4.08	%	$	1,171,483	$	22,680		4.02	%
Liabilities
Int-bearing demand and savings	$	540,336	$	207		0.08	%	$	499,948	$	185		0.08	%
Time deposits		228,846		868		0.76	%		230,419		1,003		0.88	%
FHLB advances and other borrowings		78,351		597		1.54	%		87,359		1,060		2.44	%
Total interest-bearing liabilities	$	847,533	$	1,672		0.40	%	$	817,726	$	2,248		0.55	%
Noninterest-bearing deposits	$	379,786						$	335,492
Net interet income and interest rate spread			$	22,831		3.68	%			$	20,432		3.47	%
Net interest margin						3.81	%						3.63	%

Summary Average Balance Sheet

(Tax-equivalent basis / dollars in thousands)

	Three months ended June 30,
	2015							2014
	Average balance		Interest		Yield / rate			Average balance		Interest		Yield / rate
Assets
Loans	$	991,487	$	11,270		4.56	%	$	861,842	$	9,850		4.59	%
Securities		211,553		1,436		3.45	%		212,909		1,473		3.41	%
Interest-bearing deposits		43,691		34		0.31	%		57,500		42		0.29	%
Total interest earning assets	$	1,246,731	$	12,740		4.23	%	$	1,132,251	$	11,365		4.15	%
Liabilities
Int-bearing demand and savings	$	555,144	$	109		0.08	%	$	505,828	$	95		0.08	%
Time deposits		233,047		424		0.73	%		225,182		478		0.85	%
FHLB advances and other borrowings		72,687		291		1.60	%		83,666		526		2.52	%
Total interest-bearing liabilities	$	860,878	$	824		0.38	%	$	814,676	$	1,099		0.54	%
Noninterest-bearing deposits	$	345,241						$	278,266
Net interet income and interest rate spread			$	11,916		3.85	%			$	10,266		3.61	%
Net interest margin						3.96	%						3.76	%

The provision for loan losses for the second quarter and six months ended June 30, 2015 decreased $350 thousand, or 46.7%, and $700 thousand, or 46.7%, compared to the three and six-month periods ended June 30, 2014, respectively. Net charge-offs totaled $361 thousand for the first six months of 2015. The decrease in provision for loan losses in the first half of 2015 is primarily related to improved asset quality.

During the quarter, noninterest income totaled $3.7 million, an increase of $272 thousand, or 8.0%, compared to the prior year’s second quarter. Year-to-date noninterest income increased $49 thousand, or 0.8%, when compared to the first six months of 2014.

Noninterest income
(dollars in thousands)	Three months ended June 30,				Six months ended June 30,
	2015		2014		2015		2014
Service charges	$	1,170	$	1,064	$	2,225	$	2,074
Net gain on sale of securities		—		107		—		112
Net gain on sale of loans		415		128		619		231
ATM fees		515		477		964		906
Trust fees		734		786		1,501		1,574
Tax refund processing fees		400		438		2,000		2,315
Other		418		380		744		792
Total noninterest income	$	3,652	$	3,380	$	8,053	$	8,004

Service charge income increased in both the three and six-month periods, primarily due to an increase in business service charges, as well as service charge fees instituted in our Dayton market since the acquisition of TCNB Financial Corp (“TCNB”). Gain on sale of loans increased $287 thousand and $388 thousand in the three and six-month periods, respectfully due to additional volume of loans sold as well as an increase in the premium on loans sold. Tax refund processing fees were down $38 thousand, or 8.7% for the second quarter of 2015 compared to the second quarter of 2014 and down $315 thousand, or 13.6% when compared to the six months of 2014, due to a change in the fee structure for 2015.

Mr. Miller continued, “Our mortgage banking operation had a very successful second quarter. We have originated and sold $14.3 million more mortgage loans in the first half of 2015 than we did in the first half of 2014. Our pipeline going forward continues to look strong.”

During the quarter, noninterest expense totaled $10.9 million, an increase of $954 thousand, or 9.6%, compared to the prior year’s second quarter. Year-to-date noninterest expense increased $1.1 million, or 5.5%, when compared to the six months of 2014.

Noninterest expense
(dollars in thousands)	Three months ended June 30,				Six months ended June 30,
	2015		2014		2015		2014
Salaries, Wages and benefits	$	5,809	$	5,281	$	11,708	$	11,008
Net occupancy and equipment		980		934		1,967		1,965
Contracted data processing		545		247		993		591
Professional services		663		403		1,119		794
Amortization of intangible assets		192		201		334		403
Marketing		308		402		544		794
Other		2,436		2,511		4,872		4,853
Total noninterest expense	$	10,933	$	9,979	$	21,537	$	20,408

Salaries, wages and benefits expense increased $528 thousand for the second quarter and $700 thousand for the six month period ending June 30, 2015. The increase in salaries, wages and benefits expense was due to normal merit increases, the addition of TCNB employees, as well as a change to our 401k match expense. On January 1, 2015, the 401k plan was modified to a safe harbor plan which increased the mandatory match. Contracted data processing and professional fees increased for both the three and six-month periods ended June 30, 2015. These increases were primarily due to expenses related to the acquisition of TCNB.

Balance Sheet

Total assets increased $104.0 million, or 8.6%, from December 31, 2014 to June 30, 2015. This was due primarily to the acquisition of TCNB, which closed on March 6, 2015. Total assets of TCNB prior to the merger were $97.4 million, including $76.8 million in loans.

Total Loans increased $88.1 million or 9.6% from December 31, 2014 to June 30, 2015. The increase in total loans is primarily due to the acquisition of TCNB which added $76.8 million in loans as well as $11.3 million of net loan originations.

End of period loan balances
(dollars in thousands)
	June 30, 2015		December 31, 2014
Commercial and Agriculture	$	128,972	$	114,186
Commercial Real Estate - Owner Occupied		169,600		143,014
Commercial Real Estate - Non-owner Occupied		331,830		308,666
Residential Real Estate		282,612		268,510
Real Estate Construction		68,734		65,452
Consumer and Other		21,169		15,029
Total Loans	$	1,002,917	$	914,857

Total deposits increased $106.9 million, or 11.0%, from December 31, 2014 to June 30, 2015. The increase in deposits was primarily due to the acquisition of TCNB, which included $86.9 million in deposits.

End of period deposit balances
(dollars in thousands)
	June 30, 2015		December 31, 2014
Noninterest-bearing demand	$	296,762	$	250,701
Interest-bearing demand		193,027		179,388
Savings and money market		352,457		318,858
Time deposits		233,560		219,971
Total Deposits	$	1,075,806	$	968,918

Total shareholder’s equity increased $4.1 million, or 3.5%, from December 31, 2014 to June 30, 2015 due to increased retained earnings of $4.7 million and a decrease in Accumulated Other Comprehensive Income of $723 thousand.

Asset Quality

Nonperforming assets at June 30, 2015 were $17.0 million, a $2.0 million decrease from December 31, 2014, and a $5.9 million decrease compared to June 30, 2014.

Non-performing Assets
(dollars in thousands)
	June 30, 2015		December 31, 2014		June 30, 2014
Non-accrual loans	$	12,920	$	13,558	$	17,612
Restructured loans		3,642		4,928		5,045
Total non-performing loans		16,562		18,486		22,657
Other Real Estate Owned		474		560		282
Total non-performing assets	$	17,036	$	19,046	$	22,939

Mr. Miller continued, “We have continued the momentum we built in 2014 and the first quarter of 2015 and have had a very successful second quarter of 2015. Earnings and asset quality continue to improve, the acquisition of TCNB is fully integrated and we crossed the $1 billion mark in loans. We are optimistic on the prospects for maintaining that momentum for the remainder of 2015.”

Civista Bancshares, Inc. is a $1.3 billion financial holding company headquartered in Sandusky, Ohio. The Company’s banking subsidiary, Civista Bank, operates 28 locations in North Central, West Central and Southwestern Ohio.

Civista Bancshares, Inc. may be accessed atwww.civb.com. The Company’s common shares are traded on the NASDAQ Capital Market under the symbol “CIVB”. The Company’s depositary

shares, each representing a 1/40^th ownership interest in a Series B Preferred Share, are traded on the NASDAQ Capital Market under the symbol “CIVBP”.

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, 2014. 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 publicly release the result of any revisions that may be made 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.

For additional information, contact:

James O. Miller

Chairman, President and CEO

Civista Bancshares, Inc

888-645-4121

Civista Bancshares

Financial Highlights

(dollars in thousands, except share amounts)

Consolidated Condensed Statement of Income

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	(unaudited)						(unaudited)
	2015			2014			2015			2014
Interest income		12,740			11,365			24,503			22,680
Interest expense		824			1,099			1,672			2,248
Net interest income		11,916			10,266			22,831			20,432
Provision for loan losses		400			750			800			1,500
Net interest income after provision		11,516			9,516			22,031			18,932
Noninterest income		3,652			3,380			8,053			8,004
Noninterest expense		10,933			9,979			21,537			20,408
Income before taxes		4,235			2,917			8,547			6,528
Income tax expense		1,113			677			2,255			1,577
Net income		3,122			2,240			6,292			4,951
Preferred stock dividends		391			406			795			1,061
Net income available to common shareholders		2,731			1,834			5,497			3,890
Dividends per common share	$	0.05		$	0.05		$	0.10		$	0.09
Earnings per common share,
basic	$	0.35		$	0.24		$	0.71		$	0.50
diluted	$	0.29		$	0.21		$	0.58		$	0.43
Average shares outstanding,
basic		7,825,176			7,707,917			7,790,862			7,707,917
diluted		10,904,841			10,904,848			10,904,842			10,904,848
Selected financial ratios:
Return on average assets		0.94	%		0.74	%		0.93	%		0.78	%
Return on average equity		10.50	%		8.18	%		10.74	%		8.84	%
Dividend payout ratio		12.53	%		17.21	%		11.14	%		14.01	%
Net interest margin (tax equivalent)		3.96	%		3.76	%		3.81	%		3.63	%

Selected Balance Sheet Items

	June 30, 2015			December 31, 2014
	(unaudited)
Cash and due from financial institutions	$	35,092		$	29,858
Investment securities		197,429			197,905
Loans held for sale		4,034			2,410
Loans		1,002,917			914,857
Less allowance for loan losses		14,707			14,268
Net loans		988,210			900,589
Other securities		13,261			12,586
Fixed assets		16,308			14,400
Goodwill and other intangibles		29,608			23,745
Bank owned life insurance		19,870			19,637
Other assets		13,460			12,061
Total assets		1,317,272			1,213,191
Total deposits		1,075,806			968,918
Federal Home Loan Bank advances		55,300			65,200
Securities sold under agreements to repurchase		17,460			21,613
Subordinated debentures		29,427			29,427
Accrued expenses and other liabilities		19,257			12,124
Total shareholders’ equity		120,022			115,909
Total liabilities and shareholders’ equity		1,317,272			1,213,191
Shares outstanding at period end		7,826,595			7,707,917
Book value per share	$	12.49		$	12.04
Tangible book value per share		8.71			8.96
Equity to asset ratio		9.11	%		9.55	%
Selected asset quality ratios:
Allowance for loan losses to total loans		1.47	%		1.56	%
Non-performing assets to total assets		1.29	%		1.57	%
Allowance for loan losses to non-performing loans		88.80	%		77.18	%
Non-performing asset analysis
Nonaccrual loans	$	12,920		$	13,558
Troubled debt restructurings		3,642			4,928
Other real estate owned		474			560
Total	$	17,036		$	19,046

Average Balance Analysis

(Unaudited - Dollars in thousands except share data)

	Six Months Ended June 30,
	2015								2014
	Average balance			Interest		Yield/ rate *			Average balance			Interest		Yield/ rate *
Assets:
Interest-earning assets:
Loans	$	959,474		$	21,516		4.53	%	$	857,765		$	19,632		4.62	%
Taxable securities		141,420			1,629		2.37	%		155,487			1,765		2.31	%
Non-taxable securities		70,128			1,264		5.78	%		61,512			1,155		5.87	%
Interest-bearing deposits in other banks		79,794			94		0.24	%		96,719			128		0.27	%
Total interest-earning assets	$	1,250,816			24,503		4.08	%	$	1,171,483			22,680		4.02	%
Noninterest-earning assets:
Cash and due from financial institutions		46,515								50,117
Premises and equipment, net		15,537								16,638
Accrued interest receivable		4,225								4,112
Intangible assets		27,513								23,841
Other assets		9,877								8,554
Bank owned life insurance		19,737								19,255
Less allowance for loan losses		(14,520	)							(16,479	)
Total Assets	$	1,359,700							$	1,277,521
Liabilities and Shareholders Equity:
Interest-bearing liabilities:
Demand and savings	$	540,336		$	207		0.08	%	$	499,948		$	185		0.08	%
Time		228,846			868		0.76	%		230,419			1,003		0.88	%
FHLB		30,179			215		1.44	%		37,686			651		3.48	%
Subordinated debentures		29,427			373		2.56	%		29,427			399		2.73	%
Repuchase Agreements		18,745			9		0.10	%		20,246			10		0.10	%
Total interest-bearing liabilities	$	847,533			1,672		0.40	%	$	817,726			2,248		0.55	%
Noninterest-bearing deposits		379,786								335,492
Other liabilities		14,258								11,322
Shareholders’ Equity		118,123								112,981
Total Liabilities and Shareholders’ Equity	$	1,359,700							$	1,277,521
Net interest income and interest rate spread				$	22,831		3.68	%				$	20,432		3.47	%
Net interest margin							3.81	%							3.63	%

* - All yields and costs are presented on an annualized basis

Average Balance Analysis

(Unaudited - Dollars in thousands except share data)

	Three Months Ended June 30,
	2015								2014
	Average balance			Interest		Yield/ rate *			Average balance			Interest		Yield/ rate *
Assets:
Interest-earning assets:
Loans	$	991,487		$	11,270		4.56	%	$	861,842		$	9,850		4.59	%
Taxable securities		140,943			796		2.31	%		151,020			893		2.40	%
Non-taxable securities		70,610			640		5.74	%		61,889			580		5.87	%
Interest-bearing deposits in other banks		43,691			34		0.31	%		57,500			42		0.29	%
Total interest-earning assets	$	1,246,731			12,740		4.23	%	$	1,132,251			11,365		4.15	%
Noninterest-earning assets:
Cash and due from financial institutions		26,222								25,769
Premises and equipment, net		16,173								16,371
Accrued interest receivable		4,561								4,332
Intangible assets		29,164								23,740
Other assets		10,885								9,155
Bank owned life insurance		19,795								19,320
Less allowance for loan losses		(14,593	)							(16,271	)
Total Assets	$	1,338,938							$	1,214,667
Liabilities and Shareholders Equity:
Interest-bearing liabilities:
Demand and savings	$	555,144		$	109		0.08	%	$	505,828		$	95		0.08	%
Time		233,047			424		0.73	%		225,182			478		0.85	%
FHLB		25,958			94		1.45	%		37,649			327		3.48	%
Subordinated debentures		29,427			193		2.63	%		29,427			195		2.66	%
Repuchase Agreements		17,302			4		0.09	%		16,590			4		0.10	%
Total interest-bearing liabilities	$	860,878			824		0.38	%	$	814,676			1,099		0.54	%
Noninterest-bearing deposits		345,241								278,266
Other liabilities		13,607								11,846
Shareholders’ Equity		119,212								109,879
Total Liabilities and Shareholders’ Equity	$	1,338,938							$	1,214,667
Net interest income and interest rate spread				$	11,916		3.85	%				$	10,266		3.61	%
Net interest margin							3.96	%							3.76	%

* - All yields and costs are presented on an annualized basis

Supplemental Financial Information

(Unaudited - Dollars in thousands except share data)

End of Period Balances	June 30, 2015			March 31, 2015			December 31, 2014			September 30, 2014			June 30, 2014
Assets
Cash and due from banks	$	35,092		$	142,339		$	29,858		$	24,128		$	50,650
Securities available for sale		197,429			199,693			197,905			200,891			197,680
Loans held for sale		4,034			2,919			2,410			1,399			2,168
Loans		1,002,917			984,105			914,857			887,018			867,978
Allowance for loan losses		(14,707	)		(14,315	)		(14,268	)		(15,445	)		(15,395	)
Net Loans		988,210			969,790			900,589			871,573			852,583
Other securities		13,261			13,400			12,586			12,554			12,548
Fixed assets		16,308			16,163			14,400			14,471			14,858
Goodwill and other intangibles		29,608			29,790			23,745			23,900			24,090
Bank owned life insurance		19,870			19,754			19,637			19,518			19,400
Other assets		13,460			13,391			13,479			13,565			11,153
Total Assets	$	1,317,272		$	1,407,239		$	1,214,609		$	1,181,999		$	1,185,130
Liabilities
Total Deposits	$	1,075,806		$	1,197,316		$	968,918		$	980,634		$	979,136
Federal Home Loan Bank advances		55,300			17,500			65,200			26,200			37,500
Securities sold under agreement to repurchase		17,460			21,488			21,613			20,128			17,881
Subordinated debentures		29,427			29,427			29,427			29,427			29,427
Accrued expenses and other liabilities		19,257			22,581			11,540			9,727			7,281
Total liabilities		1,197,250			1,288,312			1,096,698			1,066,116			1,071,225
Shareholders’ equity
Preferred shares, Series B		22,273			22,309			23,132			23,132			23,132
Common Stock		115,248			115,187			114,365			114,365			114,365
Accumulated deficit		414			(1,918	)		(4,306	)		(5,785	)		(7,300	)
Treasury stock		(17,235	)		(17,235	)		(17,235	)		(17,235	)		(17,235	)
Accumulated other comprehensive income (loss)		(678	)		584			1,955			1,406			943
Total shareholders’ equity		120,022			118,927			117,911			115,883			113,905
Total liabilities and shareholders’ equity	$	1,317,272		$	1,407,239		$	1,214,609		$	1,181,999		$	1,185,130
Quarterly Average Balances
Assets:
Earning assets	$	1,246,731		$	1,254,924		$	1,116,900		$	1,110,722		$	1,132,251
Securities		211,553			211,521			211,955			210,635			212,909
Loans		991,487			927,105			898,197			883,459			861,842
Liabilities and shareholders’ equity
Total deposits	$	1,133,432		$	1,164,674		$	987,803		$	986,151		$	1,009,276
Interest-bearing deposits		788,191			749,959			727,424			728,248			731,010
Interest-bearing liabilities		72,687			84,079			79,314			78,339			83,666
Total shareholders’ equity		119,212			117,021			116,695			114,362			109,879

Supplemental Financial Information

(Unaudited - Dollars in thousands except share data)

	Three Months Ended
Income statement	June 30, 2015			March 31, 2015			December 31, 2014			September 30, 2014			June 30, 2014
Total interest income	$	12,740		$	11,762		$	11,623		$	11,667		$	11,365
Total interest expense		824			847			872			983			1,099
Net interest income		11,916			10,915			10,751			10,684			10,266
Provision for loan losses		400			400			—			—			750
Noninterest income		3,652			4,402			2,858			3,012			3,380
Noninterest expense		10,933			10,603			10,482			10,661			9,979
Income before taxes		4,235			4,314			3,127			3,035			2,917
Income tax expense		1,113			1,143			857			729			677
Net income		3,122			3,171			2,270			2,306			2,240
Preferred stock dividends		391			404			406			406			406
Net income available to common shareholders	$	2,731		$	2,767		$	1,864		$	1,900		$	1,834
Common stock dividend paid	$	391		$	385		$	385		$	385		$	385
Per share data
Basic net income per common share	$	0.35		$	0.36		$	0.23		$	0.25		$	0.24
Diluted net income per common share		0.29			0.29			0.21			0.21			0.21
Dividends per common share		0.05			0.05			0.05			0.05			0.05
Average common shares outstanding - basic		7,825,176			7,757,168			7,707,917			7,707,917			7,707,917
Average common shares outstanding - diluted		10,904,841			10,904,844			10,904,848			10,904,848			10,904,848
Asset quality
Allowance for loan losses, beginning of period	$	14,315		$	14,268		$	15,445		$	15,395		$	16,767
Charge-offs		(305	)		(585	)		(1,341	)		(456	)		(2,332	)
Recoveries		297			232			164			506			210
Provision		400			400			—			—			750
Allowance for loan losses, end of period	$	14,707		$	14,315		$	14,268		$	15,445		$	15,395
Ratios
Allowance to total loans		1.47	%		1.45	%		1.56	%		1.74	%		1.77	%
Allowance to nonperforming assets		86.33	%		74.69	%		74.91	%		73.92	%		67.11	%
Allowance to nonperforming loans		88.80	%		76.81	%		77.18	%		74.88	%		67.95	%
Nonperforming assets
Nonperforming loans	$	16,562		$	18,638		$	18,486		$	20,628		$	22,657
Other real estate owned		474			528			560			266			282
Total nonperforming assets	$	17,036		$	19,166		$	19,046		$	20,894		$	22,939
Capital and liquidity
Tier 1 leverage ratio		9.38	%	��	8.91	%		10.37	%		10.28	%		9.77	%
Tier 1 risk-based capital ratio		12.20	%		12.10	%		13.52	%		13.77	%		13.67	%
Total risk-based capital ratio		13.45	%		13.35	%		14.78	%		15.03	%		14.92	%
Tangible common equity ratio		5.29	%		4.79	%		5.96	%		5.95	%		5.51	%