WYOMISSING, Pa., Feb. 9, 2012 /PRNewswire/ -- VIST Financial Corp.
(NASDAQ: VIST) reported a 2.2% increase in core earnings for the
twelve months ended December 31, 2011
as compared to the same period in 2010.
|
RECONCILIATION OF NON-GAAP
FINANCIAL MEASURES
|
|
|
(Unaudited;
Dollar amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Twelve
Months Ended
|
|
|
|
December
31,
|
|
December
31,
|
|
|
|
2011
|
|
2010
|
|
2011
|
|
2010
|
|
|
|
|
|
|
|
|
|
|
|
|
Core earnings:
|
|
|
|
|
|
|
|
|
|
|
GAAP pre-tax net (loss)
income
|
|
$
(24,595)
|
|
$
1,456
|
|
$
(20,746)
|
|
$
3,519
|
|
|
Goodwill impairment
|
|
25,069
|
|
-
|
|
25,069
|
|
-
|
|
|
Capital offering
expense
|
|
526
|
|
-
|
|
526
|
|
-
|
|
|
Loss on sale of other real
estate owned
|
|
65
|
|
208
|
|
1,245
|
|
1,640
|
|
|
Net realized gains on sales of
securities
|
|
(601)
|
|
(226)
|
|
(1,473)
|
|
(691)
|
|
|
Net credit impairment loss
recognized in earnings
|
|
607
|
|
79
|
|
1,519
|
|
850
|
|
|
Nonrecurring Allegiance
transaction expense
|
|
-
|
|
-
|
|
400
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
Pre-tax core earnings
|
|
1,071
|
|
1,517
|
|
6,540
|
|
5,318
|
|
|
Income tax expense
|
|
87
|
|
129
|
|
1,254
|
|
147
|
|
|
Total core
earnings
|
|
$
984
|
|
$
1,388
|
|
$
5,286
|
|
$
5,171
|
|
|
|
|
|
|
|
|
|
|
The Company's GAAP operating results for three months and twelve
months ended December 31, 2011, were
significantly reduced by certain non-routine expenses, which
primarily included a non-cash goodwill impairment charge of
$25.1 million. There was minimal tax
benefit associated with this charge. The goodwill impairment charge
reflects the Company's fair market value determined as a result of
the selection of a merger partner.
On January 26, 2012, the Company
announced its definitive merger agreement under which Tompkins
Financial Corporation will acquire VIST Financial Corp. VIST
Bank will operate as a subsidiary of Tompkins Financial with a
separate banking charter, local management team, and local Board of
Directors. The transaction is expected to close early in the third
quarter of 2012, subject to required regulatory approvals and other
customary conditions, including required shareholder approval.
The goodwill impairment charge, which was fully disclosed to
Tompkins Financial during the due diligence process, is a non-cash
adjustment which has no effect on cash flows, liquidity or tangible
capital. Additionally, since goodwill is excluded from regulatory
capital, the impairment charge has no impact on regulatory capital
ratios. The Company continues to exceed requirements to be
considered "well capitalized" in accordance with regulatory capital
standards.
"Our company continued to make measurable progress in our
core earnings in 2011," said VIST Financial President and CEO
Robert D. Davis. "Looking
forward, the affiliation with Tompkins will present opportunities
for VIST customers and shareholders. I am very pleased with the
chemistry between the two organizations. Both have a rich
history of serving our clients as a trusted advisor and serving our
communities as an outstanding corporate citizen." Davis
continued, "Partnering with Tompkins will bring increased financial
services capabilities for our clients, while enabling VIST to
continue our local identity as an independent bank serving our
community for more than a century. VIST shareholders will
receive an attractive premium to the recent market price and the
opportunity to invest in one of the region's premier financial
services companies with a strong record of growth in dividends and
earnings."
Declaration of Cash Dividend
The Corporation reported that the Board of Directors declared a
cash dividend of $0.05 per share on
the Company's common stock to shareholders of record on
February 20, 2012 payable
February 27, 2012.
VIST Financial Corp. is diversified financial services company
headquartered in Wyomissing, PA,
offering banking, insurance, investments, and wealth management
services throughout Berks,
Southern Schuylkill, Montgomery, Delaware, Philadelphia and Chester Counties.
NOTE: This press release contains financial information
determined by methods other than in accordance with U.S. Generally
Accepted Accounting Principles ("GAAP"). For purposes of this
release, management has used the non-GAAP measure of core earnings
in its analysis of the Company's performance. This measure, as used
by the Company in this press release, adjusts net income determined
in accordance with GAAP to exclude the effects of special items
that are non-recurring or do not relate directly to the Company's
core operating performance, including the goodwill impairment
relating to the Company's selection of a merger partner, expenses
incurred in connection with the Company's Form S-1 filed during
2011, and net realized gains or losses on securities
transactions. Because certain of these items and their impact
on the Company's performance are difficult to predict, management
believes presentation of financial measures excluding the impact of
such items provides useful supplemental information in evaluating
the operating results of the Company's core business. These
disclosures should not be viewed as a substitute for net income
determined in accordance with GAAP, nor are they necessarily
comparable to non-GAAP performance measures that may be presented
by other companies.
This release may contain forward-looking statements with
respect to the Company's beliefs, plans, objectives, goals,
expectations, anticipations, estimates, and intentions that are
subject to significant risks and uncertainties, and are subject to
change based on various factors, some of which are beyond the
Company's control. The Company does not undertake to update any
forward-looking statement, whether written or oral, that may be
made from time to time by or on behalf of the Company.
Quarterly Earnings Conference Call
As a result of the pending merger agreement with Tompkins
Financial, there will be no quarterly earnings conference call.
|
VIST
FINANCIAL CORP. AND SUBSIDIARIES
|
|
|
CONSOLIDATED
BALANCE SHEETS
|
|
|
(Unaudited;
in thousands, except share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December
31,
|
|
|
2011
|
|
2010
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
Cash and due from banks
|
$
16,361
|
|
$
15,443
|
|
|
Federal funds sold
|
-
|
|
1,500
|
|
|
Interest-bearing deposits in
banks
|
6,314
|
|
872
|
|
|
Total cash and cash equivalents
|
22,675
|
|
17,815
|
|
|
|
|
|
|
|
Securities available for sale
|
375,691
|
|
279,755
|
|
|
Securities held to maturity,
fair value of $1,613 and $1,888 at December 31, 2011 and 2010,
respectively
|
1,555
|
|
2,022
|
|
|
Federal Home Loan Bank stock
|
5,800
|
|
7,099
|
|
|
|
|
|
|
|
Mortgage loans held for sale
|
3,365
|
|
3,695
|
|
|
Loans, net of allowance for loan
losses - $13,914 and $14,790 at December 31, 2011 and 2010,
respectively
|
893,263
|
|
939,573
|
|
|
Covered loans, net of allowance
for loan losses - $135 and $0 at December 31, 2011 and 2010,
respectively
|
50,571
|
|
66,770
|
|
|
|
|
|
|
|
Premises and equipment, net
|
6,587
|
|
5,639
|
|
|
Other real estate owned
|
3,724
|
|
5,303
|
|
|
Covered other real estate owned
|
596
|
|
247
|
|
|
Goodwill
|
16,513
|
|
41,858
|
|
|
Identifiable intangible assets,
net
|
3,319
|
|
3,795
|
|
|
Bank owned life insurance
|
19,830
|
|
19,373
|
|
|
FDIC prepaid deposit insurance
|
2,604
|
|
3,985
|
|
|
FDIC indemnification asset
|
6,381
|
|
7,003
|
|
|
Other assets
|
19,241
|
|
21,080
|
|
|
|
|
|
|
|
Total assets
|
$
1,431,715
|
|
$
1,425,012
|
|
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS’
EQUITY
|
|
|
|
|
|
Deposits:
|
|
|
|
|
|
Non-interest bearing
|
$
129,394
|
|
$
122,450
|
|
|
Interest bearing
|
1,058,055
|
|
1,026,830
|
|
|
Total deposits
|
1,187,449
|
|
1,149,280
|
|
|
|
|
|
|
|
Repurchase agreements
|
103,362
|
|
106,843
|
|
|
Borrowings
|
-
|
|
10,000
|
|
|
Junior subordinated debt, at
fair value
|
18,534
|
|
18,437
|
|
|
Other liabilities
|
6,687
|
|
8,005
|
|
|
Total liabilities
|
1,316,032
|
|
1,292,565
|
|
|
|
|
|
|
|
Shareholders' equity:
|
|
|
|
|
|
Preferred stock: $0.01 par
value; authorized 1,000,000 shares; $1,000 liquidation
|
|
|
|
|
|
preference per
share; 25,000 shares of Series A 5% (increasing to 9% in 2014)
cumulative
|
|
|
|
|
|
preferred stock
issued and outstanding; Less: discount of $1,021 and $
1,480
|
|
|
|
|
|
at December 31,
2011 and 2010, respectively
|
23,979
|
|
23,520
|
|
|
Common stock, $5.00 par value;
authorized 20,000,000 shares; issued:
|
|
|
|
|
|
6,649,087 and
6,546,273 shares at December 31, 2011 and 2010,
respectively
|
33,245
|
|
32,732
|
|
|
Stock warrant
|
2,307
|
|
2,307
|
|
|
Surplus
|
65,626
|
|
65,506
|
|
|
Retained (deficit) earnings
|
(10,644)
|
|
12,960
|
|
|
Accumulated other comprehensive
income (loss)
|
1,361
|
|
(4,387)
|
|
|
Treasury stock: 10,484 shares at
cost
|
(191)
|
|
(191)
|
|
|
Total shareholders’ equity
|
115,683
|
|
132,447
|
|
|
|
|
|
|
|
Total liabilities and
shareholders’ equity
|
$
1,431,715
|
|
$
1,425,012
|
|
|
|
|
|
|
VIST
FINANCIAL CORP. AND SUBSIDIARIES
|
|
|
|
CONSOLIDATED
STATEMENTS OF OPERATIONS
|
|
|
|
(Unaudited;
in thousands, except share data)
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Twelve
Months Ended
|
|
|
|
December
31,
|
|
December
31,
|
|
|
|
2011
|
|
2010
|
|
2011
|
|
2010
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and dividend
income:
|
|
|
|
|
|
|
|
|
|
|
Interest and fees on loans
|
$ 13,672
|
|
$
13,663
|
|
$
54,592
|
|
$
51,158
|
|
|
|
Interest on
securities:
|
|
|
|
|
|
|
|
|
|
|
Taxable
|
3,008
|
|
2,387
|
|
11,804
|
|
10,920
|
|
|
|
Tax-exempt
|
284
|
|
377
|
|
1,263
|
|
1,646
|
|
|
|
Dividend income
|
22
|
|
20
|
|
87
|
|
59
|
|
|
|
Other interest income
|
27
|
|
15
|
|
63
|
|
304
|
|
|
|
Total interest and dividend
income
|
17,013
|
|
16,462
|
|
67,809
|
|
64,087
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense:
|
|
|
|
|
|
|
|
|
|
|
Interest on deposits
|
3,694
|
|
3,971
|
|
15,103
|
|
16,664
|
|
|
|
Interest on short-term
borrowings
|
-
|
|
-
|
|
1
|
|
18
|
|
|
|
Interest on repurchase
agreements
|
1,197
|
|
1,203
|
|
4,761
|
|
4,789
|
|
|
|
Interest on
borrowings
|
-
|
|
131
|
|
7
|
|
408
|
|
|
|
Interest on junior subordinated
debt
|
413
|
|
412
|
|
1,636
|
|
1,464
|
|
|
|
Total interest expense
|
5,304
|
|
5,717
|
|
21,508
|
|
23,343
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income
|
11,709
|
|
10,745
|
|
46,301
|
|
40,744
|
|
|
|
Provision for loan losses
|
2,969
|
|
2,050
|
|
9,036
|
|
10,210
|
|
|
|
Net interest income after
provision for loan losses
|
8,740
|
|
8,695
|
|
37,265
|
|
30,534
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-interest
income:
|
|
|
|
|
|
|
|
|
|
|
Commissions and fees from
insurance sales
|
3,049
|
|
2,723
|
|
12,201
|
|
11,915
|
|
|
|
Customer service fees
|
396
|
|
436
|
|
1,673
|
|
2,046
|
|
|
|
Mortgage banking activities
|
305
|
|
451
|
|
832
|
|
1,082
|
|
|
|
Brokerage and investment
advisory commissions and fees
|
121
|
|
172
|
|
610
|
|
737
|
|
|
|
Earnings on bank owned life
insurance
|
120
|
|
122
|
|
457
|
|
423
|
|
|
|
Other commissions and fees
|
444
|
|
437
|
|
1,808
|
|
1,901
|
|
|
|
Gain on sale of equity interest
|
-
|
|
-
|
|
-
|
|
1,875
|
|
|
|
Loss on sale of other real
estate owned
|
(65)
|
|
(208)
|
|
(1,245)
|
|
(1,640)
|
|
|
|
Other income
|
270
|
|
287
|
|
156
|
|
750
|
|
|
|
Net realized gains on sales of
securities
|
601
|
|
226
|
|
1,473
|
|
691
|
|
|
|
Total other-than-temporary
impairment losses:
|
|
|
|
|
|
|
|
|
|
|
Total other-than-temporary
impairment losses on investments
|
(1,519)
|
|
(85)
|
|
(1,210)
|
|
(869)
|
|
|
|
Portion of loss recognized
in other comprehensive income
|
912
|
|
5
|
|
(309)
|
|
19
|
|
|
|
Net credit impairment loss
recognized in earnings
|
(607)
|
|
(80)
|
|
(1,519)
|
|
(850)
|
|
|
|
Total non-interest income
|
4,634
|
|
4,566
|
|
16,446
|
|
18,930
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-interest
expense:
|
|
|
|
|
|
|
|
|
|
|
Salaries and employee benefits
|
6,113
|
|
5,558
|
|
24,115
|
|
21,979
|
|
|
|
Occupancy expense
|
1,311
|
|
1,141
|
|
4,977
|
|
4,415
|
|
|
|
Furniture and equipment expense
|
696
|
|
618
|
|
2,760
|
|
2,559
|
|
|
|
Outside processing services
|
855
|
|
987
|
|
3,778
|
|
3,908
|
|
|
|
Professional services
|
862
|
|
989
|
|
3,528
|
|
3,093
|
|
|
|
Marketing and advertising
expense
|
351
|
|
230
|
|
1,575
|
|
1,022
|
|
|
|
FDIC deposit and other insurance
expense
|
387
|
|
460
|
|
1,827
|
|
2,128
|
|
|
|
Amortization of identifiable
intangible assets
|
66
|
|
126
|
|
476
|
|
543
|
|
|
|
Other real estate owned expense
|
291
|
|
772
|
|
1,704
|
|
2,558
|
|
|
|
Goodwill impairment
|
25,069
|
|
-
|
|
25,069
|
|
-
|
|
|
|
Other expense
|
1,968
|
|
924
|
|
4,648
|
|
3,740
|
|
|
|
Total non-interest expense
|
37,969
|
|
11,805
|
|
74,457
|
|
45,945
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss) income before income
taxes
|
(24,595)
|
|
1,456
|
|
(20,746)
|
|
3,519
|
|
|
|
Income tax (benefit)
expense
|
(781)
|
|
108
|
|
(165)
|
|
(465)
|
|
|
|
Net (loss) income
|
(23,814)
|
|
1,348
|
|
(20,581)
|
|
3,984
|
|
|
|
Preferred stock dividends and
discount accretion
|
427
|
|
420
|
|
1,709
|
|
1,678
|
|
|
|
Net (loss) income available to
common shareholders
|
$ (24,241)
|
|
$
928
|
|
$
(22,290)
|
|
$
2,306
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE
DATA
|
|
|
|
|
|
|
|
|
|
|
Average shares outstanding for
basic earnings per common share
|
6,594,128
|
|
6,521,906
|
|
6,577,137
|
|
6,275,341
|
|
|
|
Basic (loss) earnings per common
share
|
$
(3.68)
|
|
$
0.14
|
|
$
(3.39)
|
|
$
0.37
|
|
|
|
Average shares outstanding for
diluted earnings per common share
|
6,618,933
|
|
6,558,559
|
|
6,617,353
|
|
6,317,785
|
|
|
|
Diluted (loss) earnings per
common share
|
$
(3.68)
|
|
$
0.14
|
|
$
(3.39)
|
|
$
0.37
|
|
|
|
Cash dividends declared per
actual common shares outstanding
|
$
0.05
|
|
$
0.05
|
|
$
0.20
|
|
$
0.20
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest margin
|
3.50
|
%
|
3.43
|
%
|
3.59
|
%
|
3.44
|
%
|
|
|
|
|
|
|
|
|
|
|
|
VIST
FINANCIAL CORP. AND SUBSIDIARIES
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|
|
CONSOLIDATED
SELECTED FINANCIAL DATA
|
|
|
(Unaudited;
Dollars in thousands)
|
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|
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|
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|
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|
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|
|
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|
As Of and
For The Three-Month Period Ended
|
|
|
|
|
|
|
|
|
|
December
31,
|
|
September
30,
|
|
June
30,
|
|
March
31,
|
|
December
31,
|
|
|
|
|
2011
|
|
2011
|
|
2011
|
|
2011
|
|
2010
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross loans
outstanding
|
|
$
907,177
|
|
$
927,850
|
|
$
933,068
|
|
$
926,194
|
|
$
954,363
|
|
|
Gross covered loans
outstanding
|
|
50,706
|
|
57,032
|
|
58,954
|
|
62,818
|
|
66770
|
|
|
Troubled debt restructurings
(accruing)
|
|
2,749
|
|
6,683
|
|
8,790
|
|
11,115
|
|
10,772
|
|
|
Allowance for loan losses -
non-covered
|
|
13,914
|
|
15,458
|
|
15,439
|
|
15,283
|
|
14,790
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NON-PERFORMING
ASSETS:
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-accrual loans
*
|
|
$
36,344
|
|
$
31,919
|
|
$
30,273
|
|
$
28,120
|
|
$
26,513
|
|
|
Loans past due 90 days or
more still accruing
|
|
239
|
|
306
|
|
215
|
|
456
|
|
594
|
|
|
Total non-performing
loans
|
|
36,583
|
|
32,225
|
|
30,488
|
|
28,576
|
|
27,107
|
|
|
Other real estate
owned
|
|
3,724
|
|
2,849
|
|
2,337
|
|
1,769
|
|
5,303
|
|
|
Total non-performing
assets
|
|
$
40,307
|
|
$
35,074
|
|
$
32,825
|
|
$
30,345
|
|
$
32,410
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSET
QUALITY STATISTICS:
|
|
|
|
|
|
|
|
|
|
|
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|
Net charge-offs to average
loans (annualized)
|
|
1.90%
|
|
0.84%
|
|
0.74%
|
|
0.74%
|
|
0.75%
|
|
|
Allowance for loan losses
as a percent of loans
|
|
1.53%
|
|
1.67%
|
|
1.65%
|
|
1.65%
|
|
1.55%
|
|
|
Allowance for loan losses
as a percent of non-performing loans
|
|
38.03%
|
|
47.97%
|
|
50.64%
|
|
53.48%
|
|
54.56%
|
|
|
Allowance for loan losses
as a percent of non-performing assets
|
|
34.52%
|
|
44.07%
|
|
47.03%
|
|
50.36%
|
|
45.63%
|
|
|
Net charge-offs
|
|
4,378
|
|
1,958
|
|
1,704
|
|
1,737
|
|
1,678
|
|
|
Non-performing assets to
total assets **
|
|
2.92%
|
|
2.46%
|
|
2.35%
|
|
2.25%
|
|
2.39%
|
|
|
Delinquencies (30-89
Days)
|
|
$
12,522
|
|
$
11,147
|
|
$
7,177
|
|
$
9,589
|
|
$
5,808
|
|
|
Total 30-89 day
delinquencies (accruing), non-performing assets and troubled debt
restructurings
|
|
|
|
|
|
|
|
|
|
|
|
|
$
55,578
|
|
$
52,904
|
|
$
48,792
|
|
$
51,049
|
|
$
48,990
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NON-PERFORMING COVERED
ASSETS:
|
|
|
|
|
|
|
|
|
|
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Covered non-accrual
loans
|
|
$
5,581
|
|
$
5,739
|
|
$
5,805
|
|
$
4,036
|
|
$
4,408
|
|
|
Covered other real estate
owned
|
|
596
|
|
596
|
|
520
|
|
711
|
|
247
|
|
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|
|
|
|
|
|
|
|
|
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|
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*
Inclusive of non-performing troubled debt
restructurings
|
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|
** Excludes covered
assets
|
|
|
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
VIST
FINANCIAL CORP. AND SUBSIDIARIES
|
|
|
CONSOLIDATED
SELECTED FINANCIAL DATA
|
|
|
(Unaudited;
Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Average
Balance Sheet
|
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|
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|
For the
Three Months Ended
|
|
For the
Twelve Months Ended
|
|
|
|
|
December
31,
|
|
December
31,
|
|
|
|
|
2011
|
|
2010
|
|
2011
|
|
2010
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
Federal funds sold
|
|
|
$
-
|
|
$
33,139
|
|
$
5,446
|
|
$
28,128
|
|
|
Interest bearing deposits in
banks
|
|
|
29,212
|
|
2,159
|
|
13,622
|
|
18,233
|
|
|
|
|
|
|
|
|
|
|
|
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|
Securities
|
365,100
|
|
280,286
|
|
324,192
|
|
271,533
|
|
|
|
|
|
|
|
|
|
|
|
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|
Mortgage loans held for
sale
|
3,799
|
|
4,766
|
|
2,022
|
|
2,620
|
|
|
|
|
|
|
|
|
|
|
|
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|
Loans:
|
|
|
|
|
|
|
|
|
|
Commercial
loans
|
771,401
|
|
770,692
|
|
771,685
|
|
738,105
|
|
|
Consumer loans
|
104,059
|
|
119,006
|
|
109,116
|
|
124,496
|
|
|
Mortgage loans
|
47,667
|
|
51,781
|
|
49,666
|
|
50,506
|
|
|
Total loans
|
923,127
|
|
941,479
|
|
930,467
|
|
913,107
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Covered loans
|
52,593
|
|
30,968
|
|
57,601
|
|
7,805
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest earning
assets
|
1,373,831
|
|
1,292,797
|
|
1,333,350
|
|
1,241,426
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill and intangible
assets
|
44,748
|
|
45,161
|
|
45,283
|
|
44,410
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non interest-earning
assets
|
62,444
|
|
67,661
|
|
68,559
|
|
70,694
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
$
1,481,023
|
|
$
1,405,619
|
|
$
1,447,192
|
|
$
1,356,530
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and shareholders'
equity
|
|
|
|
|
|
|
|
|
|
Deposits:
|
|
|
|
|
|
|
|
|
|
Non-interest bearing
|
$
136,683
|
|
$
119,310
|
|
$
123,479
|
|
$
111,791
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest bearing:
|
|
|
|
|
|
|
|
|
|
NOW, money market and
savings
|
636,228
|
|
518,621
|
|
589,598
|
|
506,459
|
|
|
Time deposits
|
437,558
|
|
482,542
|
|
466,098
|
|
452,587
|
|
|
Total interest bearing
deposits
|
1,073,786
|
|
1,001,163
|
|
1,055,696
|
|
959,046
|
|
|
Total deposits
|
1,210,469
|
|
1,120,473
|
|
1,179,175
|
|
1,070,837
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repurchase agreements
|
104,401
|
|
108,684
|
|
105,224
|
|
111,265
|
|
|
Federal funds
purchased
|
364
|
|
-
|
|
233
|
|
3,650
|
|
|
Borrowings
|
-
|
|
13,043
|
|
247
|
|
11,041
|
|
|
Junior subordinated
debt
|
18,589
|
|
18,017
|
|
18,523
|
|
19,166
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest bearing
liabilities
|
1,197,140
|
|
1,140,907
|
|
1,179,923
|
|
1,104,168
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-interest bearing
liabilities
|
7,403
|
|
9,844
|
|
7,591
|
|
8,597
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shareholders' equity
|
139,797
|
|
135,558
|
|
136,199
|
|
131,974
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and
shareholders equity
|
$
1,481,023
|
|
$
1,405,619
|
|
$
1,447,192
|
|
$
1,356,530
|
|
|
|
|
|
|
|
|
|
|
|
|
SOURCE VIST Financial Corp.
