Civista Bancshares Inc 2025年季度报告

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒ CIVISTA BANCSHARES, INC.Consolidated BalanceSheets(In thousands, except share data) CIVISTA BANCSHARES, INC.Consolidated Statements of Comprehensive Income (Unaudited) Civista Bancshares, Inc.Notes to Interim Consolidated Financial Statements (Unaudited) (1) Consolidated Financial Statements Nature of Operations and Principles of Consolidation: Civista Bancshares, Inc. ("CBI") is an Ohio corporation and a registeredfinancial holding company. The Consolidated Financial Statements include the accounts of CBI and its wholly-owned direct andindirect subsidiaries: Civista Bank ("Civista"), First Citizens Insurance Agency, Inc. ("FCIA"), Water Street Properties, Inc.("WSP"), CIVB Risk Management, Inc. ("CRMI") and First Citizens Investments, Inc. ("FCI"). The above companies together are Civista provides financial services through its offices in the Ohio counties of Erie, Crawford, Champaign, Cuyahoga, Franklin,Logan, Summit, Huron, Ottawa, Madison, Montgomery, Henry, Wood, and Richland, in the Indiana counties of Dearborn andRipley, and in the Kentucky county of Kenton. Its primary deposit products are checking, savings, and term certificate accounts,and its primary lending products are residential mortgage, commercial, and installment loans. Substantially all loans are secured byspecific items of collateral including business assets, consumer assets and commercial and residential real estate. Commercial loansare expected to be repaid from cash flow from operations of businesses. There are no significant concentrations of loans to any one Civista Leasing and Finance ("CLF"), formerly known as Vision Financial Group, Inc. ("VFG"), was acquired in the fourth quarterof 2022 as a wholly-owned subsidiary of Civista. As of August 31, 2023, VFG was merged into Civista and now operates as a full-service equipment leasing and financing division of Civista. The operations of CLF are headquartered in Pittsburgh, Pennsylvania. FCIA is wholly-owned by CBI and was formed to allow CBI and its subsidiaries to participate in commission revenue generatedthrough CBI's third-party insurance agreement. FCIA revenue was less than1% of total revenue for each of the quarters endedMarch 31, 2025 and 2024. WSP is wholly-owned by CBI and was formed to hold properties repossessed by CBI subsidiaries.WSP revenue was less than1% of total revenue for each of the quarters ended March 31, 2025 and 2024. CRMI is a captiveinsurance company that is wholly-owned by CBI and was formed in 2017 to provide property and casualty insurance coverage to The accompanying Unaudited Consolidated Financial Statements have been prepared by the Company without audit. In the opinionof management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the Company’sfinancial position as of March 31, 2025 and its results of operations and changes in cash flows for the periods ended March 31,2025 and 2024 have been made. The results of operations for the three-month periods ended March 31, 2025 are not necessarily (2) Significant Accounting Policies Use of Estimates: To prepare financial statements in conformity with GAAP, management makes estimates and assumptions basedon available information. These estimates and assumptions affect the amounts reported in the financial statements and thedisclosures provided, and future results could differ. The allowance for credit losses, determination of goodwill impairment, and Revisions: The Company has voluntarily revised amounts reported in a previously issued financial statement to correct twoimmaterial errors. Certain prior year amounts have been reclassified between non-interest income and non-interest expense for thefirst quarter of 2024 to correct the presentation of certain intercompany amounts as well as revising cash paid for interest in the Recently Adopted and Newly Issued but Not Yet Effective Accounting Standards: Civista Bancshares, Inc.Notes to Interim Consolidated Financial Statements (Unaudited) provide relief from the accounting analysis and impacts that may otherwise be required for modifications to agreementsnecessitated by reference rate reform.The Update also provides optional expedients to enable companies to continue to applyhedge accounting to certain hedging relationships impacted by reference rate r