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Shareholder Letter - November 2015

November 2, 2015

Dear Shareholder:

We are pleased to report the Bank continues to generate growth in earnings, loans, and deposits throughout 2015. Additionally, our Board of Directors recently approved the payment of our semi-annual cash dividend. Shareholders of record on November 1st will receive a dividend of $0.55 per share, payable on November 13, 2015.

Our financial results are attached and include the following highlights:

  • Year-to-date net income of $5.1 million is 15% above the same period last year. We continue to exceed plan for net interest income, non-interest income and operating expenses.
  • Loans have grown by $41.3 million over the past twelve months, and total $577.9 million.
  • Year-to-date, loan recoveries total $352,000, and we have had no loan charge-offs.
  • Deposits have grown $48.4 million over the past year including $40.4 million of growth in non-interest bearing deposits.

We are hopeful of continuing this pace through the remainder of 2015. Thank you for your loyal support of Signature Bank!

Best Regards,

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

September 30 2015, Financial Results

Shareholder Letter - April 2016

April 22, 2016

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 are increasing our semi-annual cash dividend from $.55 per share to $.60 per share. The dividend payment will be sent on May 15, 2016 to all shareholders of record on May 1, 2016.
  • Our balance sheet has grown to $760 million as of March 31, 2016 – an increase of $80 million from a year ago.
  • Loan balances have grown by $60 million over the past twelve months totaling $621.4 million at March 31, 2016.
  • Net income totaled $1,877,000 in the first quarter – an 18% increase in earnings over the first quarter last year.

We are off to a strong start in 2016 and are optimistic about another year of growth for our bank and our shareholders. Thank you again for your continued support.

Best Regards,

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

March 31 2016, Financial Results

 
 
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4607 W. Sylvania Ave. | Toledo, Ohio 43623 | (419) 841-7773
Lobby M-F: 8:30 a.m. to 5 p.m. | Evenings and Weekends by Appointment