NASHVILLE, Tenn., Oct. 27, 2016 /PRNewswire/ -- CapStar
Financial Holdings, Inc. ("CapStar") (NASDAQ: CSTR) reported
net income of $2.1 million, or
$0.20 per diluted common share for
the three months ended September 30,
2016, compared to $2.0
million, or $0.20 per diluted
common share, for the three months ended September 30, 2015. For the nine months
ended September 30, 2016, CapStar
reported net income of $6.2 million,
or $0.58 per diluted common share,
compared to $5.5 million, or
$0.53 per diluted common share, for
the nine months ended September 30,
2015.
"Our emphasis has always been on the principles of sound,
profitable growth, which is evident in CapStar's results this
quarter," said Claire Tucker
president and chief executive officer of CapStar Financial
Holdings, Inc. "With the completion of our initial public
offering on September 27, 2016 and
the injection of new capital, we will continue to emphasize the
importance of these principles in order to realize our future
growth objectives and enhance long-term shareholder value."
Soundness
- The allowance for loan and lease losses represented 1.25% of
total loans at September 30, 2016
compared to 1.24% at September 30,
2015.
- Non-performing assets as a percent of gross loans and other
real estate owned was 0.45% at September 30,
2016 compared to 0.42% at September
30, 2015.
- Net charge-offs (quarters annualized) totaled 0.25% for the
three months ended September 30,
2016, compared to -0.10% for the same period in 2015.
- The total risk based capital ratio increased to 12.45% at
September 30, 2016, compared to
11.43% at September 30, 2015.
"While the third quarter is typically one of our strongest
performances of the year due to the seasonality in our mortgage
business, we are pleased with the core earnings of the company,"
said Rob Anderson, chief financial
officer and chief administrative officer.
Profitability
- Return on average assets for the three months ended
September 30, 2016 was 0.65% compared
to 0.71% for the same period in 2015.
- Return on average equity for the three months ended
September 30, 2016 was 7.15% compared
to 7.50% for the same period in 2015.
- The net interest margin ("NIM") for the three months ended
September 30, 2016 was 3.23% compared
to 3.45% for the same period in 2015. Additionally, the NIM was up
14 basis points over the linked quarter.
- The efficiency ratio for the three months ended September 30, 2016 was 64.0% compared to 71.4%
for the same period in 2015.
Growth
- Average gross loans and leases (including loans held for sale)
increased 27%, to $982 million at
September 30, 2016 compared to
$774 million at September 30, 2015.
- Average total deposits increased 17%, to $1.1 billion at September
30, 2016 compared to $971
million at September 30,
2015.
- Non-interest bearing and NOW deposits increased 53%, to
$491 million at September 30, 2016 compared to $321 million at September
30, 2015.
- Originations of mortgage loans held for sale increased 51%, to
$156 million at September 30, 2016 compared to $103 million at September
30, 2015.
Conference Call and Webcast Information
CapStar will host a conference call and webcast at 9:00 a.m. Central Time on Friday, October 28, 2016. During the call,
management will review the third quarter results and operational
highlights. Interested parties may listen to the call by
dialing (844) 412-1102. The conference ID number is 96905694.
A simultaneous webcast may be accessed on CapStar's website
at www.capstarbank.com. An archived version of the
webcast will be available in the same location shortly after the
live call has ended.
About CapStar Financial Holdings, Inc.
CapStar Financial Holdings, Inc. is a bank holding company
headquartered in Nashville,
Tennessee, and operates primarily through its wholly owned
subsidiary, CapStar Bank, a Tennessee-chartered state bank. CapStar
Bank is a commercial bank that seeks to establish and maintain
comprehensive relationships with its clients by delivering
customized and creative banking solutions and superior client
service. As of September 30,
2016, on a consolidated basis, CapStar had total assets of
$1.3 billion, net loans of
$912.5 million, total deposits of
$1.1 billion, and shareholders'
equity of $138.0 million. Visit
www.capstarbank.com for more information.
Forward-Looking Statements
Certain statements in this earnings release are forward-looking
statements that reflect CapStar's current views with respect to,
among other things, future events and CapStar's financial
performance. These statements are often, but not always, made
through the use of words or phrases such as "may," "should,"
"could," "predict," "potential," "believe," "will likely result,"
"expect," "continue," "will," "anticipate," "seek," "estimate,"
"intend," "plan," "project," "projection," "forecast," "goal,"
"target," "would," and "outlook," or the negative version of those
words or other comparable words of a future or forward-looking
nature. These forward-looking statements are not historical facts,
and are based on current expectations, estimates and projections
about CapStar's industry, management's beliefs and certain
assumptions made by management, many of which, by their nature, are
inherently uncertain and beyond CapStar's control. The inclusion of
these forward-looking statements should not be regarded as a
representation by CapStar or any other person that such
expectations, estimates and projections will be achieved.
Accordingly, CapStar cautions you that any such forward-looking
statements are not guarantees of future performance and are subject
to risks, assumptions and uncertainties that are difficult to
predict. Although CapStar believes that the expectations reflected
in these forward-looking statements are reasonable as of the date
made, actual results may prove to be materially different from the
results expressed or implied by the forward-looking statements.
There are or will be important factors that could cause CapStar's
actual results to differ materially from those indicated in these
forward-looking statements, including, but are not limited to, the
risk factors previously disclosed in the "Risk Factors" section
included in our prospectus filed with the SEC on September 23, 2016 pursuant to Rule 424(b)(4)
under the Securities Act. If one or more events related
to these or other risks or uncertainties materialize, or if
CapStar's underlying assumptions prove to be incorrect, actual
results may differ materially from our forward-looking statements.
Accordingly, you should not place undue reliance on any such
forward-looking statements. Any forward-looking statement speaks
only as of the date of this earnings release, and CapStar does not
undertake any obligation to publicly update or review any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as required by law. New
risks and uncertainties may emerge from time to time, and it is not
possible for CapStar to predict their occurrence or how they will
affect CapStar.
CAPSTAR FINANCIAL
HOLDINGS, INC. AND SUBSIDIARY
|
Consolidated
Statements of Income (unaudited)
|
Third Quarter 2016
Earnings Release
|
|
|
|
Three Months
Ended
|
|
|
Nine Months
Ended
|
|
|
|
September 30,
|
|
|
September 30,
|
|
|
|
2016
|
|
|
2015
|
|
|
2016
|
|
|
2015
|
|
Interest
income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans, including
fees
|
|
$
|
10,658,758
|
|
|
$
|
9,428,826
|
|
|
$
|
29,531,404
|
|
|
$
|
25,834,421
|
|
Securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxable
|
|
|
787,076
|
|
|
|
993,485
|
|
|
|
2,596,059
|
|
|
|
3,277,535
|
|
Tax-exempt
|
|
|
291,110
|
|
|
|
277,365
|
|
|
|
841,264
|
|
|
|
802,029
|
|
Federal funds
sold
|
|
|
3,597
|
|
|
|
3,089
|
|
|
|
12,107
|
|
|
|
13,138
|
|
Restricted equity
securities
|
|
|
70,609
|
|
|
|
67,528
|
|
|
|
209,654
|
|
|
|
200,174
|
|
Interest-bearing
deposits in financial institutions
|
|
|
63,455
|
|
|
|
32,354
|
|
|
|
197,033
|
|
|
|
105,063
|
|
Total interest
income
|
|
|
11,874,605
|
|
|
|
10,802,647
|
|
|
|
33,387,521
|
|
|
|
30,232,360
|
|
Interest
expense:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest-bearing
deposits
|
|
|
404,040
|
|
|
|
184,162
|
|
|
|
1,095,984
|
|
|
|
533,747
|
|
Savings and money
market accounts
|
|
|
689,382
|
|
|
|
650,735
|
|
|
|
2,140,405
|
|
|
|
2,039,751
|
|
Time
deposits
|
|
|
545,733
|
|
|
|
492,178
|
|
|
|
1,566,373
|
|
|
|
1,564,751
|
|
Federal funds
purchased
|
|
|
13,097
|
|
|
|
7,510
|
|
|
|
20,917
|
|
|
|
14,604
|
|
Securities sold under
agreements to repurchase
|
|
|
—
|
|
|
|
3,715
|
|
|
|
1,311
|
|
|
|
12,731
|
|
Federal Home Loan Bank
advances
|
|
|
96,838
|
|
|
|
47,333
|
|
|
|
279,586
|
|
|
|
131,000
|
|
Total interest
expense
|
|
|
1,749,090
|
|
|
|
1,385,633
|
|
|
|
5,104,576
|
|
|
|
4,296,584
|
|
Net interest
income
|
|
|
10,125,515
|
|
|
|
9,417,014
|
|
|
|
28,282,945
|
|
|
|
25,935,776
|
|
Provision for loan
and lease losses
|
|
|
1,638,669
|
|
|
|
580,000
|
|
|
|
2,758,749
|
|
|
|
1,300,675
|
|
Net interest income
after provision for loan and lease losses
|
|
|
8,486,846
|
|
|
|
8,837,014
|
|
|
|
25,524,196
|
|
|
|
24,635,101
|
|
Noninterest
income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Service charges on
deposit accounts
|
|
|
276,751
|
|
|
|
235,035
|
|
|
|
805,322
|
|
|
|
667,415
|
|
Loan commitment
fees
|
|
|
328,785
|
|
|
|
306,231
|
|
|
|
901,524
|
|
|
|
631,130
|
|
Net gain (loss) on
sale of securities
|
|
|
(3,964)
|
|
|
|
38,673
|
|
|
|
120,873
|
|
|
|
95,584
|
|
Net gain on sale of
loans
|
|
|
2,339,310
|
|
|
|
1,748,883
|
|
|
|
5,341,605
|
|
|
|
4,699,177
|
|
Other noninterest
income
|
|
|
250,581
|
|
|
|
305,837
|
|
|
|
961,103
|
|
|
|
872,047
|
|
Total noninterest
income
|
|
|
3,191,463
|
|
|
|
2,634,659
|
|
|
|
8,130,427
|
|
|
|
6,965,353
|
|
Noninterest
expense:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Salaries and employee
benefits
|
|
|
5,119,356
|
|
|
|
5,205,896
|
|
|
|
15,275,494
|
|
|
|
14,628,293
|
|
Data processing and
software
|
|
|
627,335
|
|
|
|
562,544
|
|
|
|
1,830,553
|
|
|
|
1,776,955
|
|
Professional
fees
|
|
|
390,862
|
|
|
|
374,496
|
|
|
|
1,147,733
|
|
|
|
1,113,776
|
|
Occupancy
|
|
|
351,691
|
|
|
|
381,522
|
|
|
|
1,132,664
|
|
|
|
1,172,163
|
|
Equipment
|
|
|
458,053
|
|
|
|
442,899
|
|
|
|
1,300,793
|
|
|
|
1,201,084
|
|
Regulatory
fees
|
|
|
250,424
|
|
|
|
227,053
|
|
|
|
742,308
|
|
|
|
688,965
|
|
Other real estate
expense
|
|
|
—
|
|
|
|
6,562
|
|
|
|
13,880
|
|
|
|
33,812
|
|
Other
operating
|
|
|
1,329,084
|
|
|
|
1,402,927
|
|
|
|
3,043,915
|
|
|
|
3,038,706
|
|
Total noninterest
expense
|
|
|
8,526,805
|
|
|
|
8,603,899
|
|
|
|
24,487,340
|
|
|
|
23,653,754
|
|
Income before income
taxes
|
|
|
3,151,504
|
|
|
|
2,867,774
|
|
|
|
9,167,283
|
|
|
|
7,946,700
|
|
Income tax
expense
|
|
|
1,042,282
|
|
|
|
831,307
|
|
|
|
2,997,965
|
|
|
|
2,480,231
|
|
Net income
|
|
$
|
2,109,222
|
|
|
$
|
2,036,467
|
|
|
$
|
6,169,318
|
|
|
$
|
5,466,469
|
|
Per share
information:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic net income per
common share
|
|
$
|
0.24
|
|
|
$
|
0.24
|
|
|
$
|
0.71
|
|
|
$
|
0.64
|
|
Diluted net income per
common share
|
|
$
|
0.20
|
|
|
$
|
0.20
|
|
|
$
|
0.58
|
|
|
$
|
0.53
|
|
Weighted average
shares outstanding:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
8,792,665
|
|
|
|
8,554,802
|
|
|
|
8,701,596
|
|
|
|
8,526,840
|
|
Diluted
|
|
|
10,799,536
|
|
|
|
10,407,721
|
|
|
|
10,682,976
|
|
|
|
10,364,278
|
|
|
This information is
preliminary and based on company data available at the time of the
presentation.
|
CAPSTAR FINANCIAL
HOLDINGS, INC. AND SUBSIDIARY
|
Selected Quarterly
Financial Data (unaudited)
|
Third Quarter 2016
Earnings Release
|
|
|
|
Five Quarter
Comparison
|
|
|
|
9/30/16
|
|
|
6/30/16
|
|
|
3/31/16
|
|
|
12/31/15
|
|
|
9/30/15
|
|
Income Statement
Data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest
income
|
|
$
|
10,125,515
|
|
|
$
|
9,201,155
|
|
|
$
|
8,956,275
|
|
|
$
|
8,837,446
|
|
|
$
|
9,417,014
|
|
Provision for loan and
lease losses
|
|
|
1,638,669
|
|
|
|
182,863
|
|
|
|
937,216
|
|
|
|
350,000
|
|
|
|
580,000
|
|
Net interest income
after provision for loan and lease losses
|
|
|
8,486,845
|
|
|
|
9,018,292
|
|
|
|
8,019,059
|
|
|
|
8,487,446
|
|
|
|
8,837,014
|
|
Service charges on
deposit accounts
|
|
|
276,751
|
|
|
|
303,144
|
|
|
|
225,427
|
|
|
|
242,282
|
|
|
|
235,035
|
|
Loan commitment
fees
|
|
|
328,785
|
|
|
|
142,618
|
|
|
|
430,122
|
|
|
|
191,032
|
|
|
|
306,231
|
|
Net gain (loss) on
sale of securities
|
|
|
(3,964)
|
|
|
|
85,876
|
|
|
|
38,961
|
|
|
|
(40,561)
|
|
|
|
38,673
|
|
Net gain on sale of
loans
|
|
|
2,339,310
|
|
|
|
1,654,843
|
|
|
|
1,347,452
|
|
|
|
1,262,590
|
|
|
|
1,748,883
|
|
Other noninterest
income
|
|
|
250,582
|
|
|
|
381,711
|
|
|
|
328,809
|
|
|
|
262,814
|
|
|
|
305,837
|
|
Total noninterest
income
|
|
|
3,191,463
|
|
|
|
2,568,192
|
|
|
|
2,370,772
|
|
|
|
1,918,157
|
|
|
|
2,634,659
|
|
Salaries and employee
benefits
|
|
|
5,119,356
|
|
|
|
4,938,383
|
|
|
|
5,217,755
|
|
|
|
4,650,035
|
|
|
|
5,205,896
|
|
Data processing and
software
|
|
|
627,335
|
|
|
|
634,742
|
|
|
|
568,477
|
|
|
|
539,752
|
|
|
|
562,544
|
|
Professional
fees
|
|
|
390,862
|
|
|
|
426,132
|
|
|
|
330,738
|
|
|
|
355,255
|
|
|
|
374,496
|
|
Occupancy
|
|
|
351,691
|
|
|
|
371,092
|
|
|
|
409,881
|
|
|
|
365,994
|
|
|
|
381,522
|
|
Equipment
|
|
|
458,053
|
|
|
|
436,168
|
|
|
|
406,571
|
|
|
|
397,072
|
|
|
|
442,899
|
|
Regulatory
fees
|
|
|
250,424
|
|
|
|
264,625
|
|
|
|
227,260
|
|
|
|
225,994
|
|
|
|
227,053
|
|
Other real estate
expense
|
|
|
0
|
|
|
|
6,080
|
|
|
|
7,800
|
|
|
|
1,784
|
|
|
|
6,562
|
|
Other
operating
|
|
|
1,329,084
|
|
|
|
873,572
|
|
|
|
841,259
|
|
|
|
787,134
|
|
|
|
1,402,927
|
|
Total noninterest
expense
|
|
|
8,526,805
|
|
|
|
7,950,794
|
|
|
|
8,009,741
|
|
|
|
7,323,020
|
|
|
|
8,603,899
|
|
Net income before
income tax expense
|
|
|
3,151,504
|
|
|
|
3,635,690
|
|
|
|
2,380,090
|
|
|
|
3,082,583
|
|
|
|
2,867,773
|
|
Income tax
expense
|
|
|
1,042,282
|
|
|
|
1,159,438
|
|
|
|
796,245
|
|
|
|
989,615
|
|
|
|
831,307
|
|
Net income
|
|
$
|
2,109,222
|
|
|
$
|
2,476,252
|
|
|
$
|
1,583,845
|
|
|
$
|
2,092,968
|
|
|
$
|
2,036,467
|
|
Weighted average
shares - basic
|
|
|
8,792,665
|
|
|
|
8,682,438
|
|
|
|
8,628,683
|
|
|
|
8,574,965
|
|
|
|
8,554,803
|
|
Weighted average
shares - diluted
|
|
|
10,799,536
|
|
|
|
10,675,916
|
|
|
|
10,572,193
|
|
|
|
10,434,171
|
|
|
|
10,407,722
|
|
Net income per share,
basic
|
|
$
|
0.24
|
|
|
$
|
0.29
|
|
|
$
|
0.18
|
|
|
$
|
0.24
|
|
|
$
|
0.24
|
|
Net income per share,
diluted
|
|
|
0.20
|
|
|
|
0.23
|
|
|
|
0.15
|
|
|
|
0.20
|
|
|
|
0.20
|
|
Balance Sheet Data
(at period end):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
$
|
73,450,735
|
|
|
$
|
97,546,046
|
|
|
$
|
76,706,579
|
|
|
$
|
100,184,841
|
|
|
$
|
64,133,775
|
|
Securities available
for sale
|
|
|
167,213,109
|
|
|
|
171,336,596
|
|
|
|
189,807,985
|
|
|
|
173,382,957
|
|
|
|
170,219,581
|
|
Securities held to
maturity
|
|
|
46,227,968
|
|
|
|
43,331,042
|
|
|
|
42,953,364
|
|
|
|
43,093,951
|
|
|
|
43,322,469
|
|
Loans held for
sale
|
|
|
61,251,662
|
|
|
|
57,014,256
|
|
|
|
29,530,174
|
|
|
|
35,729,353
|
|
|
|
28,769,990
|
|
Total loans and
leases
|
|
|
924,030,515
|
|
|
|
887,437,485
|
|
|
|
837,690,395
|
|
|
|
808,396,064
|
|
|
|
782,436,559
|
|
Allowance for loan and
lease losses
|
|
|
(11,510,464)
|
|
|
|
(10,453,603)
|
|
|
|
(10,298,559)
|
|
|
|
(10,131,729)
|
|
|
|
(9,700,040)
|
|
Total
assets
|
|
|
1,318,057,325
|
|
|
|
1,310,417,841
|
|
|
|
1,223,179,646
|
|
|
|
1,206,800,280
|
|
|
|
1,135,471,317
|
|
Non-interest-bearing
deposits
|
|
|
191,469,462
|
|
|
|
193,541,662
|
|
|
|
220,686,364
|
|
|
|
190,580,468
|
|
|
|
187,104,757
|
|
Interest-bearing
deposits
|
|
|
944,590,330
|
|
|
|
949,759,113
|
|
|
|
865,650,400
|
|
|
|
847,879,843
|
|
|
|
787,906,354
|
|
Federal Home Loan Bank
advances
|
|
|
30,000,000
|
|
|
|
40,000,000
|
|
|
|
15,000,000
|
|
|
|
45,000,000
|
|
|
|
35,000,000
|
|
Total
liabilities
|
|
|
1,179,630,825
|
|
|
|
1,196,099,660
|
|
|
|
1,112,320,842
|
|
|
|
1,098,214,173
|
|
|
|
1,027,765,928
|
|
Shareholders'
equity
|
|
|
138,426,500
|
|
|
|
114,318,181
|
|
|
|
110,858,804
|
|
|
|
108,586,107
|
|
|
|
107,705,389
|
|
Total common shares
outstanding
|
|
|
11,191,021
|
|
|
|
8,683,902
|
|
|
|
8,677,902
|
|
|
|
8,577,051
|
|
|
|
8,565,051
|
|
Total preferred shares
outstanding
|
|
|
878,049
|
|
|
|
1,609,756
|
|
|
|
1,609,756
|
|
|
|
1,609,756
|
|
|
|
1,609,756
|
|
Book value per common
share
|
|
|
11.57
|
|
|
|
11.26
|
|
|
|
10.87
|
|
|
|
10.74
|
|
|
|
10.65
|
|
Market value per
common share (1)
|
|
|
16.92
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Capital
ratios:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total risk based
capital
|
|
|
12.45
|
%
|
|
|
10.67
|
%
|
|
|
11.26
|
%
|
|
|
11.42
|
%
|
|
|
11.43
|
%
|
Tier 1 risk based
capital
|
|
|
11.46
|
%
|
|
|
9.73
|
%
|
|
|
10.26
|
%
|
|
|
10.41
|
%
|
|
|
10.44
|
%
|
Common equity tier 1
capital
|
|
|
10.75
|
%
|
|
|
8.34
|
%
|
|
|
8.75
|
%
|
|
|
8.89
|
%
|
|
|
8.88
|
%
|
Leverage
|
|
|
10.47
|
%
|
|
|
8.90
|
%
|
|
|
9.16
|
%
|
|
|
9.33
|
%
|
|
|
9.18
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) CapStar Financial
Holdings, Inc. completed its initial public offering during the
third quarter of 2016. As such, market values per share of
common stock are not provided for previous periods.
|
|
This information is
preliminary and based on company data available at the time of the
presentation.
|
CAPSTAR FINANCIAL
HOLDINGS, INC. AND SUBSIDIARY
|
Selected Quarterly
Financial Data (unaudited)
|
Third Quarter 2016
Earnings Release
|
|
|
|
Five Quarter
Comparison
|
|
|
|
9/30/16
|
|
|
6/30/16
|
|
|
3/31/16
|
|
|
12/31/15
|
|
|
9/30/15
|
|
Average Balance
Sheet Data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average cash and cash
equivalents
|
|
|
55,054,076
|
|
|
|
56,458,924
|
|
|
|
67,706,162
|
|
|
|
63,187,062
|
|
|
|
65,209,244
|
|
Average investment
securities
|
|
|
218,462,999
|
|
|
|
232,587,954
|
|
|
|
220,281,801
|
|
|
|
216,982,746
|
|
|
|
252,504,136
|
|
Average loans held for
sale
|
|
|
63,640,373
|
|
|
|
43,055,160
|
|
|
|
29,798,738
|
|
|
|
27,338,722
|
|
|
|
32,836,386
|
|
Average loans and
leases
|
|
|
918,301,556
|
|
|
|
873,984,373
|
|
|
|
822,111,590
|
|
|
|
790,899,319
|
|
|
|
741,454,925
|
|
Average
assets
|
|
|
1,296,870,515
|
|
|
|
1,247,076,866
|
|
|
|
1,181,427,683
|
|
|
|
1,140,126,959
|
|
|
|
1,134,200,077
|
|
Average interest
bearing deposits
|
|
|
944,794,017
|
|
|
|
909,027,610
|
|
|
|
837,952,639
|
|
|
|
781,893,266
|
|
|
|
788,820,905
|
|
Average total
deposits
|
|
|
1,132,037,604
|
|
|
|
1,093,452,418
|
|
|
|
1,027,457,215
|
|
|
|
973,109,277
|
|
|
|
971,402,676
|
|
Average Federal Home
Loan Bank advances
|
|
|
29,565,217
|
|
|
|
27,417,582
|
|
|
|
28,021,978
|
|
|
|
39,891,304
|
|
|
|
35,000,000
|
|
Average
liabilities
|
|
|
1,179,480,497
|
|
|
|
1,134,506,177
|
|
|
|
1,070,607,967
|
|
|
|
1,030,995,222
|
|
|
|
1,026,417,411
|
|
Average shareholders'
equity
|
|
|
117,390,018
|
|
|
|
112,570,689
|
|
|
|
110,819,715
|
|
|
|
109,131,737
|
|
|
|
107,782,666
|
|
Performance
Ratios:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Annualized return on
average assets
|
|
|
0.65
|
%
|
|
|
0.80
|
%
|
|
|
0.54
|
%
|
|
|
0.73
|
%
|
|
|
0.71
|
%
|
Annualized return on
average equity
|
|
|
7.15
|
%
|
|
|
8.85
|
%
|
|
|
5.75
|
%
|
|
|
7.61
|
%
|
|
|
7.50
|
%
|
Net interest
margin
|
|
|
3.23
|
%
|
|
|
3.09
|
%
|
|
|
3.18
|
%
|
|
|
3.22
|
%
|
|
|
3.45
|
%
|
Annualized
Non-interest income to average assets
|
|
|
0.98
|
%
|
|
|
0.83
|
%
|
|
|
0.81
|
%
|
|
|
0.67
|
%
|
|
|
0.92
|
%
|
Efficiency
ratio
|
|
|
64.0
|
%
|
|
|
67.6
|
%
|
|
|
70.7
|
%
|
|
|
68.1
|
%
|
|
|
71.4
|
%
|
Loans by
Type:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and
industrial
|
|
|
389,717,893
|
|
|
|
389,087,927
|
|
|
|
381,548,046
|
|
|
|
353,442,069
|
|
|
|
350,023,393
|
|
Commercial real estate
- owner occupied
|
|
|
108,920,619
|
|
|
|
104,345,021
|
|
|
|
104,243,080
|
|
|
|
108,132,048
|
|
|
|
95,118,531
|
|
Commercial real estate
- non-owner occupied
|
|
|
163,625,512
|
|
|
|
171,426,074
|
|
|
|
161,466,867
|
|
|
|
143,064,438
|
|
|
|
138,486,067
|
|
Construction and
development
|
|
|
91,366,437
|
|
|
|
63,744,151
|
|
|
|
52,479,785
|
|
|
|
52,521,802
|
|
|
|
48,928,400
|
|
Consumer real
estate
|
|
|
96,918,661
|
|
|
|
91,090,508
|
|
|
|
90,393,165
|
|
|
|
93,785,260
|
|
|
|
92,240,059
|
|
Consumer
|
|
|
7,045,978
|
|
|
|
7,486,178
|
|
|
|
8,291,223
|
|
|
|
8,668,242
|
|
|
|
8,813,950
|
|
Other
|
|
|
67,805,899
|
|
|
|
61,669,965
|
|
|
|
40,698,880
|
|
|
|
50,196,845
|
|
|
|
50,114,909
|
|
Asset Quality
Data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan and
lease losses to total loans
|
|
|
1.25
|
%
|
|
|
1.18
|
%
|
|
|
1.23
|
%
|
|
|
1.25
|
%
|
|
|
1.24
|
%
|
Allowance for loan and
lease losses to non-performing loans
|
|
|
279
|
%
|
|
|
179
|
%
|
|
|
184
|
%
|
|
|
377
|
%
|
|
|
328
|
%
|
Nonaccrual
loans
|
|
|
4,122,942
|
|
|
|
5,829,423
|
|
|
|
5,586,503
|
|
|
|
2,689,000
|
|
|
|
2,961,529
|
|
Troubled debt
restructurings
|
|
|
1,288,324
|
|
|
|
-
|
|
|
|
-
|
|
|
|
125,000
|
|
|
|
133,326
|
|
Loans - 90 days past
due & still accruing
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Total non-performing
loans
|
|
|
4,122,942
|
|
|
|
5,829,423
|
|
|
|
5,586,503
|
|
|
|
2,689,000
|
|
|
|
2,961,529
|
|
OREO and repossessed
assets
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
216,254
|
|
|
|
335,254
|
|
Total non-performing
assets
|
|
|
4,122,942
|
|
|
|
5,829,423
|
|
|
|
5,586,503
|
|
|
|
2,905,000
|
|
|
|
3,296,783
|
|
Non-performing loans
to total loans
|
|
|
0.45
|
%
|
|
|
0.66
|
%
|
|
|
0.67
|
%
|
|
|
0.33
|
%
|
|
|
0.38
|
%
|
Non-performing assets
to total assets
|
|
|
0.31
|
%
|
|
|
0.44
|
%
|
|
|
0.46
|
%
|
|
|
0.24
|
%
|
|
|
0.29
|
%
|
Non-performing assets
to total loans and OREO
|
|
|
0.45
|
%
|
|
|
0.66
|
%
|
|
|
0.67
|
%
|
|
|
0.36
|
%
|
|
|
0.42
|
%
|
Annualized net
charge-offs to average loans
|
|
|
0.25
|
%
|
|
|
0.01
|
%
|
|
|
0.38
|
%
|
|
|
-0.04
|
%
|
|
|
-0.10
|
%
|
Net charge-offs
(recoveries)
|
|
|
581,809
|
|
|
|
27,819
|
|
|
|
770,386
|
|
|
|
(81,689)
|
|
|
|
(181,522)
|
|
Other
Information:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Full-time equivalent
employees
|
|
168
|
|
|
166
|
|
|
163
|
|
|
162
|
|
|
159
|
|
|
This information is
preliminary and based on company data available at the time of the
presentation.
|
Logo - http://photos.prnewswire.com/prnh/20160129/327476LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/capstar-financial-holdings-inc-announces-third-quarter-2016-results-300353176.html
SOURCE CapStar Financial Holdings, Inc.