CASH 2018 Special Proxy Statement

CRESTMARK BANCORP, INC. CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY Years ended December 31, 2017, 2016 and 2015 Preferred Stock Common Stock Retained Earnings Accumulated Other Comprehensive Loss Noncontrolling Interests Total Equity Balance - January 1, 2015 . . . $ 8,250,000 $17,194,602 $45,763,405 $ 866,943 $ 2,798,898 $ 74,873,848 Net income . . . . . . . . . . . . . . . . — — 12,482,377 — 4,021,554 16,503,931 Other comprehensive loss . . . . . — — — (2,590,764) (2,590,764) Dividends paid ($4.25/share) . . — — (4,972,275) — (4,972,275) Preferred stock dividends paid . . . . . . . . . . . . . . . . . . . . — — (83,646) — (83,646) Distributions made, net of capital contributions . . . . . . . — — — — (3,098,646) (3,098,646) Transfer . . . . . . . . . . . . . . . . . . . — 6,700,000 (6,700,000) — — Exercise of stock options, including tax benefit (1,750 shares) . . . . . . . . . . . . . . . . . . — 55,324 — — 55,324 Stock based compensation expense . . . . . . . . . . . . . . . . . — 300,000 — — 300,000 Balance - December 31, 2015 . . . . . . . . . . . . . . . . . . . 8,250,000 24,249,926 46,489,861 (1,723,821) 3,721,806 80,987,772 Net income . . . . . . . . . . . . . . . . — — 15,544,829 — 4,241,849 19,786,678 Other comprehensive income . . . . . . . . . . . . . . . . . . — — — 307,180 — 307,180 Dividends paid ($4.50/share) . . — — (5,518,111) — — (5,518,111) Preferred stock dividends paid . . . . . . . . . . . . . . . . . . . . — — (668,250) — — (668,250) Distributions made, net of capital contributions . . . . . . . — — — — (4,110,073) (4,110,073) Exercise of stock options (56,300 shares) . . . . . . . . . . . — 922,550 — — — 922,550 Stock based compensation expense . . . . . . . . . . . . . . . . . — 300,000 — — — 300,000 Balance - December 31, 2016 . . . . . . . . . . . . . . . . . . . 8,250,000 25,472,476 55,848,329 (1,416,641) 3,853,582 92,007,746 Net income . . . . . . . . . . . . . . . . — — 29,111,170 — 3,325,495 32,436,665 Other comprehensive income . . . . . . . . . . . . . . . . . . — — — 353,537 — 353,537 Preferred stock redemption . . . . (8,250,000) — — — — (8,250,000) Preferred stock dividends paid . . . . . . . . . . . . . . . . . . . . — — (152,625) — — (152,625) Distributions made, net of capital contributions . . . . . . . — — — — (3,865,280) (3,865,280) Exercise of stock options, (19,000 shares) . . . . . . . . . . . — 1,098,650 — — — 1,098,650 Stock based compensation expense . . . . . . . . . . . . . . . . . — 300,000 — — — 300,000 Balance - December 31, 2017 . . . . . . . . . . . . . . . . . . . $ — $26,871,126 $84,806,874 $(1,063,104) $ 3,313,797 $113,928,693 See notes to consolidated financial statements F-6