Civista Bancshares (CIVB) Registration Filing summary

Company overview and business model

• Registered financial holding company headquartered in Sandusky, Ohio, primarily engaged in community banking through its subsidiary bank, with operations in Ohio, Indiana, and loan production offices in Kentucky and Ohio.

• As of June 30, 2024, reported total assets of approximately $4.0 billion, deposits of $3.0 billion, and shareholders' equity of $373.8 million.

• Offers a full suite of banking services including deposits, loans, securities, and trust services, and operates additional subsidiaries in insurance and property management.

Financial performance and metrics

• Consolidated financial statements for the years ended December 31, 2023, and 2022, and for the three-year period ended December 31, 2023, have been audited by Forvis Mazars, LLP.

• Changed method of accounting for credit losses on financial instruments due to adoption of ASC Topic 326.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, which may include debt repayment, acquisitions, investments, working capital, and capital expenditures.

• Proceeds may be temporarily invested or held in deposit accounts until used.