CASH 2018 Special Proxy Statement

CRESTMARK BANCORP, INC. CONSOLIDATED BALANCE SHEETS December 31, 2017 and 2016 2017 2016 ASSETS Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 84,759,307 $ 45,676,737 Securities available for sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27,963,807 20,346,605 Loans, leases and receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 892,572,738 686,953,787 Less: allowance for credit losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,376,785 10,219,915 Net loans, leases and receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 882,195,953 676,733,872 Loans held for sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42,059,790 15,107,550 Equipment on operating leases, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92,129,971 86,614,096 Lease equipment inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,251,188 9,017,060 Acquired lease residuals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,897,528 14,452,898 Premises, leasehold improvements and equipment, net . . . . . . . . . . . . . . . . . . . . 18,608,624 996,258 Accrued interest receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,557,013 2,001,888 Goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,619,200 9,619,200 Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,378,287 27,655,226 Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,213,420,668 $908,221,390 LIABILITIES AND EQUITY Liabilities Interest-bearing deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,018,829,478 719,202,249 Accrued interest payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,311,314 1,140,330 Federal funds purchased . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 30,000,000 Subordinated debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,601,000 3,601,000 Non-recourse notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,765,489 30,477,360 Other borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000,000 — Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,984,694 31,792,705 Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,099,491,975 816,213,644 Equity Preferred stock - $1,000 par (liquidation preference $8,250,000) 0 shares outstanding at December 31, 2017 and 8,250 shares authorized and outstanding at December 31, 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 8,250,000 Common stock, no par value; 4,000,000 shares authorized; 1,245,247 issued and outstanding at December 31, 2017 and 1,226,247 issued and outstanding at December 31, 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,871,126 25,472,476 Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84,806,874 55,848,329 Accumulated other comprehensive loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,063,104) (1,416,641) Total equity attributable to parent . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110,614,896 88,154,164 Noncontrolling interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,313,797 3,853,582 Total equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113,928,693 92,007,746 Total liabilities and equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,213,420,668 $908,221,390 F-3