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

Exhibit 99.1

Civista Bancshares, Inc. Announces Strong Earnings for 2015

Sandusky, Ohio, January 22, 2016 /PRNewswire/– Civista Bancshares, Inc. (NASDAQ:CIVB) (“Civista”) reported net income attributable to common shares of $2.8 million, or $0.29 per diluted share, for the fourth quarter of 2015, compared with $1.9 million, or $0.21 per diluted share, for the prior year period. For the twelve-month period ended December 31, 2015, Civista reported net income available to common shareholders of $11.2 million or $1.17 per diluted share, compared to $7.7 million, or $0.85 per diluted share, in the same period of 2014.

“We have increased our 2015 diluted earnings per share by 38%. We completed the acquisition of TCNB Financial Corp (“TCNB”) in the first quarter of the year. We have decreased our nonperforming assets 30%, increased our net interest income, slightly improved noninterest income, and reduced noninterest expenses as a percent of average assets” said James O. Miller, Chairman, President and CEO of Civista.

Results of Operations:

Net interest income for the fourth quarter of 2015 increased $1.4 million, or 13.1% and $5.5 million, or 13.2%, for the twelve months ended December 31 compared to the same periods of 2014. Tax equivalent net interest margin was 4.09% for the fourth quarter and 3.96% for the twelve months ended December 31, 2015. The increase in net interest income for the quarter and twelve months ended December 31, 2015 was due both to an increase in average loans outstanding as well as a decrease in cost of funds. Interest and fees on loans was also positively affected by the payoff of two of loans that had been on nonaccrual status for significant period of time, which contributed $268 thousand to the fourth quarter and $549 thousand for the year. Mr. Miller continued, “We have maintained a core net interest margin at approximately 4.00% while keeping our asset duration under two years.”

Summary Average Balance Sheet
(Tax-equivalent basis / dollars in thousands)
	Three months ended December 31,
	2015							2014
	Average balance		Interest		Yield / rate			Average balance		Interest		Yield / rate
Assets
Loans	$	996,861	$	11,513		4.59	%	$	898,197	$	10,182		4.50	%
Securities		212,463		1,459		3.47	%		211,955		1,439		3.39	%
Interest-bearing deposits		9,473		4		0.17	%		6,748		2		0.12	%
Total interest earning assets	$	1,218,797	$	12,976		4.36	%	$	1,116,900	$	11,623		4.26	%
Liabilities
Int-bearing demand and savings	$	542,255	$	107		0.08	%	$	503,926	$	97		0.08	%
Time deposits		214,167		392		0.73	%		223,498		455		0.81	%
FHLB advances and other borrowings		111,481		316		1.13	%		79,314		320		1.60	%
Total interest-bearing liabilities	$	867,903	$	815		0.37	%	$	806,738	$	872		0.43	%
Noninterest-bearing deposits	$	302,849						$	260,382
Net interest income and interest rate spread			$	12,161		3.99	%			$	10,751		3.83	%
Net interest margin						4.09	%						3.95	%
Summary Average Balance Sheet
(Tax-equivalent basis / dollars in thousands)
	Twelve months ended December 31,
	2015							2014
	Average balance		Interest		Yield / rate			Average balance		Interest		Yield / rate
Assets
Loans	$	981,475	$	44,784		4.57	%	$	874,432	$	40,032		4.58	%
Securities		211,436		5,815		3.46	%		214,123		5,799		3.35	%
Interest-bearing deposits		44,647		102		0.23	%		53,829		139		0.26	%
Total interest earning assets	$	1,237,558	$	50,701		4.23	%	$	1,142,384	$	45,970		4.15	%
Liabilities
Int-bearing demand and savings	$	543,986	$	422		0.08	%	$	501,408	$	376		0.07	%
Time deposits		223,099		1,665		0.75	%		227,682		1,916		0.84	%
FHLB advances and other borrowings		95,132		1,222		1.28	%		83,058		1,812		2.18	%
Total interest-bearing liabilities	$	862,217	$	3,309		0.38	%	$	812,148	$	4,104		0.51	%
Noninterest-bearing deposits	$	340,360						$	297,003
Net interest income and interest rate spread			$	47,392		3.84	%			$	41,866		3.64	%
Net interest margin						3.96	%						3.79	%

The provision for loan losses was $0 in the fourth quarter of 2015 and 2014, and $1.2 million and $1.5 million for the twelve months ended December 31, 2015 and 2014, respectively. The decrease in provision for loan losses for the twelve months of 2015 is due to improved asset quality.

During the quarter, noninterest income totaled $3.1 million, an increase of $288 thousand, or 10.1%, compared to the prior year’s fourth quarter. Year-to-date noninterest income increased $404 thousand, or 2.9%, when compared to year-to-date 2014.

Noninterest income
(dollars in thousands)	Three months ended December 31,						Twelve months ended December 31,
	2015			2014			2015			2014
Service charges	$	1,221		$	1,073		$	4,708		$	4,257
Net gain on sale of securities		(13	)		(1	)		(18	)		113
Net gain on sale of loans		218			189			1,106			659
ATM fees		502			462			1,986			1,850
Trust fees		664			734			2,823			3,130
Tax refund processing fees		—			3			2,000			2,324
Other		554			398			1,673			1,541
Total noninterest income	$	3,146		$	2,858		$	14,278		$	13,874

Service charge income increased in both the three and twelve-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. Gain on sale of loans increased $29 thousand and $447 thousand in the three and twelve-month periods, respectively due to additional volume of loans sold as well as an increase in the premium on loans sold. Trust fees decreased $70 thousand and $307 thousand for the three and twelve-month periods, respectively, due to a decrease in trust assets. Tax refund processing fees were down $324 thousand, or 13.9% when compared to the twelve months of 2014, due to a change in the fee structure for 2015.

Noninterest expense totaled $10.7 million and $10.5 million for the three months ended December 31, 2015 and 2014, respectively. Year-to-date noninterest expense increased $1.4 million, or 3.4%, when compared to the twelve months of 2014.

Noninterest expense
(dollars in thousands)	Three months ended December 31,				Twelve months ended December 31,
	2015		2014		2015		2014
Salaries, Wages and benefits	$	5,898	$	5,632	$	23,630	$	22,293
Net occupancy and equipment		1,056		883		3,919		3,677
Contracted data processing		429		480		1,821		1,560
Professional services		745		523		2,461		1,855
Amortization of intangible assets		189		165		711		769
Marketing		197		377		1,039		1,604
Other		2,227		2,422		9,363		9,792
Total noninterest expense	$	10,741	$	10,482	$	42,944	$	41,550

Salaries, wages and benefits expense increased $266 thousand for the fourth quarter and $1.3 million for the twelve-month period ending December 31, 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 led to an increase in the company match. Contracted data processing and professional fees increased for the twelve-month period ended December 31, 2015 due to expenses related to the acquisition of TCNB. Overall acquisition related expenses included in the twelve months ended December 31, 2015 were approximately $374 thousand.

Mr. Miller continued, “We have discussed for some time that we have built a chassis that will accommodate growth. In 2015, a year in which we added three offices from an acquisition and a loan production office, our efficiency ratio decreased to 67.0% compared to 71.7% for 2014. Removing the acquisition related expenses for the year, our noninterest expenses only increased 2.5%.”

Balance Sheet

Total assets increased $101.4 million, or 8.4%, from December 31, 2014 to December 31, 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 $86.6 million or 9.6% from December 31, 2014 to December 31, 2015. The increase in total loans is primarily due to the acquisition of TCNB which added $76.8 million in loans.

End of period loan balances
(dollars in thousands)
	December 31, 2015		December 31, 2014
Commercial and Agriculture	$	124,402	$	113,265
Commercial Real Estate - Owner Occupied		167,897		143,014
Commercial Real Estate - Non-owner Occupied		348,439		308,666
Residential Real Estate		236,338		214,537
Real Estate Construction		58,898		65,452
Farm Real Estate		46,993		53,973
Consumer and Other		18,560		15,950
Total Loans	$	1,001,527	$	914,857

Total deposits increased $83.1 million, or 8.6%, from December 31, 2014 to December 31, 2015. The increase in deposits was primarily due to the acquisition of TCNB, which included $86.9 million in deposits, partially offset by a decrease in time deposits.

End of period deposit balances
(dollars in thousands)
	December 31, 2015		December 31, 2014
Noninterest-bearing demand	$	300,615	$	250,701
Interest-bearing demand		176,303		179,388
Savings and money market		364,067		318,859
Time deposits		211,048		219,970
Total Deposits	$	1,052,033	$	968,918

Total shareholder’s equity increased $10.1 million, or 8.8%, from December 31, 2014 to December 31, 2015 primarily due to increased retained earnings of $9.6 million.

Asset Quality

Nonperforming assets at December 31, 2015 were $13.3 million, a $5.7 million decrease from December 31, 2014. Net charge-offs were $1.1 million for 2015 compared to $3.4 million for 2014.

Non-performing Assets
(dollars in thousands)
	December 31, 2015		December 31, 2014
Non-accrual loans	$	9,890	$	13,558
Restructured loans		3,294		4,928
Total non-performing loans		13,184		18,486
Other Real Estate Owned		116		560
Total non-performing assets	$	13,300	$	19,046

Mr. Miller continued, “Our Special Assets group continues to work toward reducing our non-performing assets. Non-performing assets have decreased 30% since December 2014 and 49% since December 2013.”

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, Inc.

Financial Highlights

(dollars in thousands, except share amounts)

Consolidated Condensed Statement of Income

	Three Months Ended December 31, (unaudited)						Twelve Months Ended December 31, (unaudited)
	2015			2014			2015			2014
Interest income		12,976			11,623			50,701			45,970
Interest expense		815			872			3,309			4,104
Net interest income		12,161			10,751			47,392			41,866
Provision for loan losses		—			—			1,200			1,500
Net interest income after provision		12,161			10,751			46,192			40,366
Noninterest income		3,146			2,858			14,278			13,874
Noninterest expense		10,741			10,482			42,944			41,550
Income before taxes		4,566			3,127			17,526			12,690
Income tax expense		1,367			856			4,781			3,162
Net income		3,199			2,271			12,745			9,528
Preferred stock dividends		391			406			1,577			1,873
Net income available to common shareholders		2,808			1,865			11,168			7,655
Dividends per common share	$	0.05		$	0.05		$	0.20		$	0.19
Earnings per common share,
basic	$	0.36		$	0.24		$	1.43		$	0.99
diluted	$	0.29		$	0.21		$	1.17		$	0.85
Average shares outstanding,
basic		7,843,578			7,707,917			7,822,369			7,707,917
diluted		10,921,823			10,904,848			10,918,335			10,904,848
Selected financial ratios:
Return on average assets		0.97	%		0.75	%		0.95	%		0.83	%
Return on average equity		10.23	%		7.72	%		10.59	%		8.34	%
Dividend payout ratio		12.26	%		16.97	%		12.28	%		15.37	%
Net interest margin (tax equivalent)		4.09	%		3.95	%		3.96	%		3.79	%

Selected Balance Sheet Items

	December 31, 2015			December 31, 2014
	(unaudited)
Cash and due from financial institutions	$	35,561		$	29,858
Investment securities		196,249			197,905
Loans held for sale		2,698			2,410
Loans		1,001,527			914,857
Less allowance for loan losses		14,361			14,268
Net loans		987,166			900,589
Other securities		13,452			12,586
Fixed assets		16,944			14,400
Goodwill and other intangibles		29,504			23,745
Bank owned life insurance		20,104			19,637
Other assets		12,899			12,061
Total assets	$	1,314,577		$	1,213,191
Total deposits	$	1,052,033		$	968,918
Federal Home Loan Bank advances		71,200			65,200
Securities sold under agreements to repurchase		25,040			21,613
Subordinated debentures		29,427			29,427
Accrued expenses and other liabilities		10,806			12,124
Total shareholders’ equity		126,071			115,909
Total liabilities and shareholders’ equity	$	1,314,577		$	1,213,191
Shares outstanding at period end		7,843,578			7,707,917
Book value per share	$	13.23		$	12.04
Tangible book value per share		9.47			8.96
Equity to asset ratio		9.59	%		9.55	%
Selected asset quality ratios:
Allowance for loan losses to total loans		1.43	%		1.56	%
Non-performing assets to total assets		1.01	%		1.57	%
Allowance for loan losses to non-performing loans		108.93	%		77.18	%
Non-performing asset analysis
Nonaccrual loans	$	9,890		$	13,558
Troubled debt restructurings		3,294			4,928
Other real estate owned		116			560
Total	$	13,300		$	19,046

Average Balance Analysis

(Unaudited - Dollars in thousands except share data)

	Three Months Ended December 31,
	2015								2014
Assets:	Average balance			Interest		Yield/ rate *			Average balance			Interest		Yield/ rate *
Interest-earning assets:
Loans	$	996,861		$	11,513		4.59	%	$	898,197		$	10,182		4.50	%
Taxable securities		138,131			793		2.32	%		145,169			833		2.31	%
Non-taxable securities		74,332			666		5.62	%		66,786			606		5.72	%
Interest-bearing deposits in other banks		9,473			4		0.17	%		6,748			2		0.12	%
Total interest-earning assets	$	1,218,797			12,976		4.36	%	$	1,116,900			11,623		4.26	%
Noninterest-earning assets:
Cash and due from financial institutions		22,414								21,076
Premises and equipment, net		16,895								14,466
Accrued interest receivable		5,113								4,755
Intangible assets		29,622								23,839
Bank owned life insurance		20,028								19,561
Other assets		9,594								9,382
Less allowance for loan losses		(14,726	)							(14,939	)
Total Assets	$	1,307,737							$	1,195,040
Liabilities and Shareholders Equity:
Interest-bearing liabilities:
Demand and savings	$	542,255		$	107		0.08	%	$	503,926		$	97		0.08	%
Time		214,167			392		0.73	%		223,498			455		0.81	%
FHLB		59,289			116		0.78	%		28,373			128		1.79	%
Subordinated debentures		29,427			195		2.63	%		29,427			187		2.52	%
Repurchase Agreements		22,765			5		0.09	%		21,514			5		0.09	%
Total interest-bearing liabilities	$	867,903			815		0.37	%	$	806,738			872		0.43	%
Noninterest-bearing deposits		302,849								260,382
Other liabilities		12,950								11,225
Shareholders’ Equity		124,035								116,695
Total Liabilities and Shareholders’ Equity	$	1,307,737							$	1,195,040
Net interest income and interest rate spread				$	12,161		3.99	%				$	10,751		3.83	%
Net interest margin							4.09	%							3.95	%

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

Average Balance Analysis

(Unaudited - Dollars in thousands except share data)

	Twelve Months Ended December 31,
	2015								2014
Assets:	Average balance			Interest		Yield / rate *			Average balance			Interest		Yield / rate *
Interest-earning assets:
Loans	$	981,475		$	44,784		4.57	%	$	874,432		$	40,032		4.58	%
Taxable securities		139,762			3,232		2.31	%		150,510			3,443		2.31	%
Non-taxable securities		71,674			2,583		5.70	%		63,613			2,356		5.80	%
Interest-bearing deposits in other banks		44,647			102		0.23	%		53,829			139		0.26	%
Total interest-earning assets	$	1,237,558			50,701		4.23	%	$	1,142,384			45,970		4.15	%
Noninterest-earning assets:
Cash and due from financial institutions		34,616								35,784
Premises and equipment, net		16,081								15,262
Accrued interest receivable		4,476								4,242
Intangible assets		28,568								24,122
Bank owned life insurance		19,854								19,379
Other assets		10,181								9,133
Less allowance for loan losses		(14,689	)							(15,900	)
Total Assets	$	1,336,645							$	1,234,406
Liabilities and Shareholders Equity:
Interest-bearing liabilities:
Demand and savings	$	543,986		$	422		0.08	%	$	501,408		$	376		0.07	%
Time		223,099			1,665		0.75	%		227,682			1,916		0.84	%
FHLB		45,551			442		0.97	%		33,831			1,015		3.00	%
Federal funds purchased		68			—		0.00	%		41			—		0.00	%
Subordinated debentures		29,427			760		2.58	%		29,427			777		2.64	%
Repurchase Agreements		20,086			20		0.10	%		19,759			20		0.10	%
Total interest-bearing liabilities	$	862,217			3,309		0.38	%	$	812,148			4,104		0.51	%
Noninterest-bearing deposits		340,360								297,003
Other liabilities		13,715								10,989
Shareholders’ Equity		120,353								114,266
Total Liabilities and Shareholders’ Equity	$	1,336,645							$	1,234,406
Net interest income and interest rate spread				$	47,392		3.84	%				$	41,866		3.64	%
Net interest margin							3.96	%							3.79	%

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

Supplemental Financial Information

(Unaudited - Dollars in thousands except share data)

End of Period Balances	December 31, 2015			September 30, 2015			June30, 2015			March 31, 2015			December31, 2014
Assets
Cash and due from banks	$	35,561		$	33,619		$	35,092		$	142,339		$	29,858
Securities available for sale		196,249			198,655			197,429			199,693			197,905
Loans held for sale		2,698			1,223			4,034			2,919			2,410
Loans		1,001,527			1,000,275			1,002,917			984,105			914,857
Allowance for loan losses		(14,361	)		(14,760	)		(14,707	)		(14,315	)		(14,268	)
Net Loans		987,166			985,515			988,210			969,790			900,589
Other securities		13,452			13,324			13,261			13,400			12,586
Fixed assets		16,944			16,200			16,308			16,163			14,400
Goodwill and other intangibles		29,504			29,683			29,608			29,790			23,745
Bank owned life insurance		20,104			19,987			19,870			19,754			19,637
Other assets		12,899			15,125			13,460			13,391			12,061
Total Assets	$	1,314,577		$	1,313,331		$	1,317,272		$	1,407,239		$	1,213,191
Liabilities
Total Deposits	$	1,052,033		$	1,055,959		$	1,075,806		$	1,197,316		$	968,918
Federal Home Loan Bank advances		71,200			72,200			55,300			17,500			65,200
Securities sold under agreement to repurchase		25,040			20,887			17,460			21,488			21,613
Subordinated debentures		29,427			29,427			29,427			29,427			29,427
Accrued expenses and other liabilities		10,806			11,521			19,257			22,581			12,124
Total liabilities		1,188,506			1,189,994			1,197,250			1,288,312			1,097,282
Shareholders’ equity
Preferred shares, Series B		22,273			22,273			22,273			22,309			23,132
Common Stock		115,330			115,267			115,248			115,193			114,365
Accumulated earnings (deficit)		5,300			2,884			414			(1,924	)		(4,306	)
Treasury stock		(17,235	)		(17,235	)		(17,235	)		(17,235	)		(17,235	)
Accumulated other comprehensive income (loss)		403			148			(678	)		584			(47	)
Total shareholders’ equity		126,071			123,337			120,022			118,927			115,909
Total liabilities and shareholders’ equity	$	1,314,577		$	1,313,331		$	1,317,272		$	1,407,239		$	1,213,191
Quarterly Average Balances
Assets:
Earning assets	$	1,218,797		$	1,230,249		$	1,246,731		$	1,254,924		$	1,116,900
Securities		212,463			210,209			211,553			211,521			211,955
Loans		996,861			1,009,372			991,487			927,105			898,197
Liabilities and shareholders’ equity
Total deposits	$	1,059,271		$	1,073,930		$	1,133,432		$	1,164,674		$	987,806
Interest-bearing deposits		756,422			773,625			788,191			749,959			727,424
Interest-bearing liabilities		111,481			111,797			72,687			84,079			79,314
Total shareholders’ equity		124,035			121,057			119,212			117,021			116,695

Supplemental Financial Information

(Unaudited - Dollars in thousands except share data)

	Three Months Ended
Income statement	December 31, 2015			September 30, 2015			June 30, 2015			March 31, 2015			December 31, 2014
Total interest income	$	12,976		$	13,223		$	12,740		$	11,762		$	11,623
Total interest expense		815			821			824			847			872
Net interest income		12,161			12,402			11,916			10,915			10,751
Provision for loan losses		—			400			400			400			—
Noninterest income		3,146			3,076			3,652			4,402			2,858
Noninterest expense		10,741			10,666			10,933			10,603			10,482
Income before taxes		4,566			4,412			4,235			4,314			3,127
Income tax expense		1,367			1,159			1,113			1,143			857
Net income		3,199			3,253			3,122			3,171			2,270
Preferred stock dividends		391			391			391			404			406
Net income available to common shareholders	$	2,808		$	2,862		$	2,731		$	2,767		$	1,864
Common stock dividend paid	$	392		$	392		$	392		$	385		$	385
Per share data
Basic net income per common share	$	0.36		$	0.36		$	0.35		$	0.36		$	0.23
Diluted net income per common share		0.29			0.30			0.29			0.29			0.21
Dividends per common share		0.05			0.05			0.05			0.05			0.05
Average common shares outstanding - basic		7,843,578			7,843,578			7,842,159			7,758,998			7,707,917
Average common shares outstanding - diluted		10,921,823			10,921,823			10,921,824			10,907,674			10,904,848
Asset quality
Allowance for loan losses, beginning of period	$	14,760		$	14,707		$	14,315		$	14,268		$	15,445
Charge-offs		(525	)		(634	)		(305	)		(585	)		(1,341	)
Recoveries		126			287			297			232			164
Provision		—			400			400			400			—
Allowance for loan losses, end of period	$	14,361		$	14,760		$	14,707		$	14,315		$	14,268
Ratios
Allowance to total loans		1.43	%		1.48	%		1.47	%		1.45	%		1.56	%
Allowance to nonperforming assets		107.98	%		102.90	%		86.33	%		74.69	%		74.91	%
Allowance to nonperforming loans		108.93	%		106.57	%		88.80	%		76.81	%		77.18	%
Nonperforming assets
Nonperforming loans	$	13,184		$	13,851		$	16,562		$	18,638		$	18,486
Other real estate owned		116			494			474			528			560
Total nonperforming assets	$	13,300		$	14,345		$	17,036		$	19,166		$	19,046
Capital and liquidity
Tier 1 leverage ratio		9.96	%		9.68	%		9.38	%		8.91	%		10.29	%
Tier 1 risk-based capital ratio		12.78	%		12.47	%		12.20	%		12.10	%		13.44	%
Total risk-based capital ratio		14.04	%		13.72	%		13.45	%		13.35	%		14.70	%
Tangible common equity ratio		5.75	%		5.56	%		5.29	%		4.79	%		5.80	%