Civista Bancshares Inc 2025年季度报告

Contracted data processing567FDIC assessment873State franchise tax526Professional services2,090Equipment expense2,103ATM/Interchange expense580Marketing296Amortization of core deposit intangibles332 Reclassification of gains recognized in net income (In thousands)Three Months Ended March 31,20252024Net cash provided by operating activities$3,612$Cash flows used for investing activities:Maturities, paydowns and calls of investments in time securities490 Redemption of other securities3,555Net change in loans(23,182)Proceeds from sale of premises and equipment203Purchases of premises and equipment(161) Cash flows from financing activities:Repayment of long-term FHLB advances(146)Net change in short-term FHLB advances21,000Repayment of other borrowings(153)Increase (decrease) in deposits27,018Purchase of treasury shares(167) Cash and cash equivalents at end of period$90,456$Cash paid during the period for:$23,553$Income taxes92Supplemental cash flow information: See notes to interim unaudited consolidated financial statements Page6 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 toCBI and its subsidiaries for which insurance may not be currently available or economically feasible in the insurance marketplace.CRMI revenue was less than1% of total revenue for each of the quarters ended March 31, 2025 and 2024. FCI is wholly-owned byCivista and holds and manages its securities portfolio. The operations of FCI are located in Wilmington, Delaware.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, fair value measurements of financial instruments are considered material estimates that are particularly susceptible to significantchange in the near term.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 thesupplemental section of the Consolidated Statement of Cash Flows. These revisions had no impact to the Company's net income. In November 2023, the FASB issued ASU 2023-07,Segment Reporting (Topic 280): Improvements to Reportable SegmentDisclosures.The amendments in this ASU apply to all public entities that are required to report segment information in accordancewith FASB ASC Topic 280,Segment Reporting.The amendments in this ASU are intended to improve reportable segment allocate resources. Finally, the amendments require that a public entity that has a single reportable segment provide all thedisclosures required by the amendments in the ASU and all existing segment disclosures in ASC Topic 280. The ASU is effective Early adoption is permitted. A public entity should apply the amendments retrospectively to all prior periods presented in thefinancial statements. Upon transition, the segment expen