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Shareholder Letter - October 2014

October 28, 2014

Dear Shareholder:

We are pleased to report another quarter of solid growth for Signature Bancorp, Inc. Additionally, our Board of Directors recently approved the payment of our semi-annual cash dividend. Shareholders of record on November 1st will be receiving a dividend of 50 cents per share, payable on November 15th.

Our financial results are attached and include the following highlights:

  • Year-to-date, our net income totaled $4,448,000 which is a 3.6% increase over our year-to-date net income last year.
  • Loan balances have grown $34 million year-to-date and now total $536.6 million.
  • Loan charge-offs have declined in 2014 and we have continued to experience recoveries. We are now in a net recovery position, and expect this to hold for the year.
  • Total deposits now total $584 million compared to $570 million at the end of 2013.

You should expect to receive your dividend payment on or shortly after November 15th. As always, we appreciate your loyal support.

Best Regards,

Richard J. Brunner          David A. Reed
Chairmain & CEO            President

September 30 2014, Financial Results

Shareholder Letter - April 2015

April 29, 2015

Dear Shareholder:

Last week, we hosted our Annual Shareholder Meeting at the Valentine Theater with over 250 shareholders and guests. We shared the following highlights from our first quarter:

  • We will be increasing our semi-annual cash dividend from $.50 per share to $.55 per share. The dividend payment will be sent on May 15, 2015 to all shareholders of record on May 1, 2015.
  • Our balance sheet has grown to $682 million as of March 31, 2015 – an increase of $35 million from a year ago.
  • There were no loan charge-offs in the first quarter and we recovered $43,000 previously charged-off loans.
  • Our net income totaled $1,593,000 in the first quarter – a 25% increase in earnings over the first quarter last year.

We are off to a very strong start in 2015 and are cautiously optimistic for another solid year of growth for our bank and our shareholder value. Thank you again for your continued support

Best Regards,

Richard J. Brunner          David A. Reed
Chairmain & CEO            President

March 31 2015, Financial Results

 
 
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4607 W. Sylvania Ave. | Toledo, Ohio 43623 | (419) 841-7773
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