CASH 2018 Special Proxy Statement

CRESTMARK BANCORP, INC. CONSOLIDATED STATEMENTS OF INCOME Years ended December 31, 2017, 2016 and 2015 2017 2016 2015 Interest income Loans, including fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 38,994,776 $31,275,904 $28,621,231 Factoring, including fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43,020,529 34,949,449 34,282,831 Leases, including fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,282,114 7,216,140 6,222,589 Securities available for sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . 442,961 361,759 385,532 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 428,283 118,432 48,169 95,168,663 73,921,684 69,560,352 Interest expense Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,017,728 6,827,459 5,081,663 Borrowings and other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,482,039 1,124,821 932,579 12,499,767 7,952,280 6,014,242 Net interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82,668,896 65,969,404 63,546,110 Provision for credit losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,250,000 4,355,000 46,832 Net interest income after provision for credit losses . . . . . . . . . . 75,418,896 61,614,404 63,499,278 Noninterest income Net servicing fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,423,316 2,473,082 2,551,975 Gain on sale of government guaranteed loans . . . . . . . . . . . . . 4,647,176 4,946,898 3,017,236 Gain on sale of securities available for sale . . . . . . . . . . . . . . . — — 253,624 Gain on extinguishment of debt . . . . . . . . . . . . . . . . . . . . . . . . — 200,000 — Net (loss)gain on sales of leases and off lease equipment . . . . (133,222) 882,119 1,302,142 Rental income from equipment on operating leases . . . . . . . . . 45,924,652 34,389,166 17,792,372 Loan customer service fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,434,395 3,089,690 2,932,613 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,255,312 729,904 262,022 58,551,629 46,710,859 28,111,984 Noninterest expense Salaries and employee benefits . . . . . . . . . . . . . . . . . . . . . . . . . 45,191,292 40,244,891 38,985,816 Occupancy and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,608,693 3,162,065 3,173,666 Depreciation on equipment on operating leases . . . . . . . . . . . . 37,186,634 29,321,991 16,360,038 Professional fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,998,633 2,018,440 2,112,556 Advertising and marketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . 928,297 800,015 812,899 Software maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,528,368 1,199,359 901,145 Servicing fee paid to minority partner . . . . . . . . . . . . . . . . . . . 3,814,159 1,769,757 517,589 General and administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,308,183 7,463,708 6,812,845 103,564,259 85,980,226 69,676,554 Income before income tax expense . . . . . . . . . . . . . . . . . . . . . . . . 30,406,266 22,345,037 21,934,708 Income tax expense (benefit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,030,399) 2,558,359 5,430,777 Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32,436,665 19,786,678 16,503,931 Net income attributable to noncontrolling interests . . . . . . . . . . . . . 3,325,495 4,241,849 4,021,554 Net income attributable to parent . . . . . . . . . . . . . . . . . . . . . . . . . $ 29,111,170 $15,544,829 $12,482,377 Earnings per share: Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 23.54 $ 12.25 $ 10.61 Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 22.52 $ 11.70 $ 9.75 See notes to consolidated financial statements F-4