Investor Presentaiton
Non-GAAP to GAAP Reconciliations (continued) BAR HARBOR
BANKSHARES
Audited
YTD 2021
2022Q1
2022Q2
2022Q3
Unaudited
2022Q4
YTD 2022
2023Q1
Total average earning assets
(E)
$3,373
$3,386
$3,372
$3,459
$3,517
$3,425
$3,585
Total average assets
(F)
3,718
3,712
3,688
3,772
3,818
3,747
3,885
Total average shareholders equity
(G)
414
416
398
393
390
399
407
Averages
Performance ratios
GAAP return on assets
Core return on assets²
GAAP return on equity
Core return on equity²
Efficiency ratio 2,3
Net interest margin
1.06%
1.00%
1.14%
1.20%
1.30%
1.16%
1.36%
(A/F)
1.10%
1.02%
1.14%
1.20%
1.30%
1.17%
1.36%
9.50%
8.89%
10.58%
11.55%
12.73%
10.91%
12.96%
(A/G)
9.87%
9.07%
10.59%
11.54%
12.72%
10.96%
12.94%
(D-O-Q)/(C+N)
61.29%
62.40%
59.25%
57.67%
58.19%
59.26%
54.72%
(B+P)/E
2.88%
2.95%
3.19%
3.47%
3.76%
3.36%
3.54%
Supplementary Data
Taxable equivalent adjustment for efficiency ratio
Franchise taxes included in non-interest expense
Tax equivalent adjustment for net interest margin
Intangible amortization
(N)
$2,330
$476
$491
$533
$520
$2,020
$727
흐의
(0)
528
141
144
149
149
583
148
(P)
1,653
320
334
379
365
1,398
368
(Q)
940
233
233
233
233
932
233
(1) Assumes a marginal tax rate of 23.80% in the first quarter of 2023, 23.53% in the fourth quarter of 2022, 23.41% in the first 3 quarters of 2022 and 23.71% in 2021.
(2) Non-GAAP financial measure.
(3) Efficiency ratio is computed by dividing core non-interest expense net of franchise taxes and intangible amortization divided by core revenue on a fully taxable equivalent basis.
Dollar values in thousands, except per share amounts or otherwise noted
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