Exhibit 99.1

EARNINGS RELEASE

CONTACT

Rob Anderson

Chief Financial Officer and Chief Administrative Officer

(615) 732-6470

CapStar Reports Fully Diluted EPS of $0.25 and Fully Diluted Operating EPS of $0.28 for 1Q2019

NASHVILLE, TN, April 24, 2019/GlobeNewswire/ -- CapStar Financial Holdings, Inc. (“CapStar”) (NASDAQ:CSTR) reported net income of $4.78 million, or $0.25 per share on a fully diluted basis, for the three months ended March 31, 2019, compared to net income of $3.20 million, or $0.25 per share on a fully diluted basis, for the three months ended March 31, 2018.  Operating⁽¹⁾ net income was $5.22 million, or $0.28 per share on a fully diluted basis, for the three months ended March 31, 2019, compared to $3.20 million, or $0.25, for the three months ended March 31, 2018.  

“Our first quarter operating performance is reflective of our stated strategy of sound, profitable growth,” said Claire W. Tucker, CapStar’s president and chief executive officer. “Our capital base remains solid with total risk based capital ratio of 12.64% and asset quality is strong evidenced by the low levels of non-performing assets and net charge-offs. We posted operating net income exclusive of merger related charges of $5.22 million resulting in operating return on average assets of 1.06%. Our team of experienced bankers continues to focus on developing full relationships with our clients by winning loan, deposit and treasury management business,” Ms. Tucker continued.  “We are excited to begin 2019 with our partners in East Tennessee with a shared passion for high quality customer service, continued market penetration and enhanced shareholder value.”

Soundness

• Non-performing assets as a percentage of total assets were 0.14% at March 31, 2019 compared to 0.10% at March 31, 2018.

• Annualized net charge-offs to average loans was 0.01% for the three months ended March 31, 2019 compared to (-0.07%) for the same period in 2018.

• The total risk based capital ratio was 12.64% at March 31, 2019 compared to 12.22% at March 31, 2018.

Profitability

Operating measures exclude merger-related expenses unrelated to CapStar’s normal operations. CapStar believes these measures are useful to investors as they exclude certain costs resulting from acquisition activity and allow investors to more clearly see the financial results of the CapStar’s operations.

• Operating return on average assets for the three months ended March 31, 2019 was 1.06% compared to 0.96% for the same period in 2018.

• Operating return on average tangible equity for the three months ended March 31, 2019 was 10.02% compared to 9.12% for the same period in 2018.

• The operating efficiency ratio for the three months ended March 31, 2019 was 65.01% compared to 68.74% for the same period in 2018.

(1) For a discussion and reconciliation of the Non-GAAP operating measures that exclude merger-related costs unrelated to CapStar’s normal operations, see the section titled “Non-GAAP Disclaimer” and the Non-GAAP financial measures section of the financial statements.

“Despite a challenging macro-economic environment with a flat to inverted yield curve, we grew our operating earnings per share by 12.0% from the same period last year and our return on average tangible equity grew to 10.02%,” said Rob Anderson, chief financial officer and chief administrative officer of CapStar. “These are strong fundamental operating metrics that demonstrate our strategy of sound, profitable, growth.”

Growth

• Operating EPS of $0.28 for the quarter ended March 31, 2019 increased 12.0%, compared to $0.25 for the same period in 2018.

• Average gross loans for the quarter ended March 31, 2019 increased 48.6% to $1.46 billion, compared to $983.5 million for the same period in 2018.

o Excluding Day 1 loans from Athens, organic loan growth is 13.2% over 1Q18.

• Average deposits for the quarter ended March 31, 2019 increased 42.9% to $1.59 billion, compared to $1.11 billion for the same period in 2018.

o Excluding Day 1 deposits from Athens, organic deposit growth was 11.5% vs. 1Q18.

• Average total assets for the quarter ended March 31, 2019 increased 47.2% to $1.99 billion, compared to $1.35 billion for the same period in 2018.

“With the acquisition of Athens Federal, we grew our balance sheet in excess of 47.2% from the prior year,” said Mr. Anderson.  “In addition, we have successfully converted all legacy systems and branding so we now operate as one unified team, under one brand and on one core platform.  The entire organization is energized and excited about the opportunities in front of us.”

 Conference Call and Webcast Information

CapStar will host a conference call and webcast at 5:00 p.m. Central Time on Wednesday April 24, 2019.  During the call, management will review the first quarter results and operational highlights.  Interested parties may listen to the call by dialing (844) 412-1002.  The conference ID number is 1094947.  A simultaneous webcast may be accessed on CapStar’s website at ir.capstarbank.com by clicking on “News & Events”.  An archived version of the webcast will be available in the same location shortly after the live call has ended.

About CapStar Financial Holdings, Inc.

CapStar Financial Holdings, Inc. is a bank holding company headquartered in Nashville, Tennessee and operates primarily through its wholly owned subsidiary, CapStar Bank, a Tennessee-chartered state bank.  CapStar Bank is a commercial bank that seeks to establish and maintain comprehensive relationships with its clients by delivering customized and creative banking solutions and superior client service.  As of March 31, 2019, on a consolidated basis, CapStar had total assets of $2.04 billion, gross loans of $1.47 billion, total deposits of $1.68 billion, and shareholders’ equity of $259.75 million.  Visit www.capstarbank.com for more information.

Forward-Looking Statements

Certain statements in this earnings release are forward-looking statements that reflect CapStar’s current views with respect to, among other things, CapStar’s assets, business, cash flows, condition (financial or otherwise), credit quality, financial performance, liquidity, short and long-term performance goals, prospects, results of operations, strategic initiatives and the timing, benefits, costs and synergies of recently completed and future acquisition, disposition and other growth opportunities, including, without limitation, those relating to the acceptance by customers of Athens of CapStar’s products and services, the ability of CapStar to meet expectations regarding the benefits, costs, synergies, and financial and operational impact of the Athens merger, the possibility that any of the anticipated benefits, costs, synergies and financial and operational improvements of the Athens merger will not be realized or will not be realized as expected and the opportunities to enhance market share in certain markets and market acceptance of CapStar are generally in new markets. These statements are often, but not always, made through the use of words or phrases such as “may,” “should,” “could,” “predict,” “potential,” “believe,” “will likely result,” “expect,” “continue,” “will,” “anticipate,” “seek,” “aspire,” “achieve,” “estimate,” “intend,” “plan,” “project,” “projection,” “forecast,” “roadmap,” “goal,” “guidance,” “target,” “would,” and “outlook,” or the negative version of those words or other comparable words of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about CapStar’s industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond CapStar’s control. The inclusion of these forward-looking statements should not be regarded as a representation by CapStar or any other person that such expectations, estimates and projections will be achieved. Accordingly, CapStar cautions you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although CapStar believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. There are or will be important factors that could cause CapStar’s actual results to differ materially from those indicated in these forward-looking statements, including, but not limited to, any factors identified in this earnings release as well as those factors that are detailed from time to time in CapStar’s periodic and current reports filed with the Securities and Exchange Commission, including those factors included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 under the headings “Item 1A. Risk Factors” and “Cautionary Note Regarding Forward Looking Statements” and in the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.  If one or more events related to these or other risks or uncertainties materialize, or if CapStar’s underlying assumptions prove to be incorrect, actual results may differ materially from its forward-looking statements. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date of this earnings release, and CapStar does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for CapStar to predict their occurrence or how they will affect CapStar.

Non-GAAP Disclaimer

This earnings release includes the following financial measures that were prepared other than in accordance with generally accepted accounting principles in the United States (“non-GAAP financial measure”): operating net income, operating diluted net income per share, operating return on average assets, operating return on average tangible equity, tangible book value per share and operating efficiency ratio. These non-GAAP financial measures (i) provide useful information to management and investors that is supplementary to CapStar’s financial condition, results of operations and cash flows computed in accordance with GAAP, (ii) enable a more complete understanding of factors and trends affecting CapStar’s business, and (iii) allow investors to evaluate CapStar’s performance in a manner similar to management, the financial services industry, bank stock analysts and bank regulators; however, CapStar acknowledges that these non-GAAP financial measures have a number of limitations.  As such, you should not view these non-GAAP financial measures as a substitute for results determined in accordance with GAAP, and they are not necessarily comparable to non-GAAP financial measures that other companies use.  See below for a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measure.  

CAPSTAR FINANCIAL HOLDINGS, INC. AND SUBSIDIARY

Consolidated Statements of Income (Loss) (unaudited) (dollars in thousands, except share data)

First Quarter 2019 Earnings Release

	Three Months Ended
	March 31,
	2019		2018
Interest income:
Loans, including fees	$	20,592	$	12,234
Securities:
Taxable		1,346		880
Tax-exempt		377		280
Federal funds sold		19		20
Restricted equity securities		187		129
Interest-bearing deposits in financial institutions		446		201
Total interest income		22,967		13,744
Interest expense:
Interest-bearing deposits		1,594		754
Savings and money market accounts		1,718		1,005
Time deposits		1,813		649
Federal funds purchased		4		1
Securities sold under agreements to repurchase		5		—
Federal Home Loan Bank advances		831		489
Total interest expense		5,965		2,898
Net interest income		17,002		10,846
Provision for loan losses		886		678
Net interest income after provision for loan losses		16,116		10,168
Noninterest income:
Treasury management and other deposit service charges		798		402
Net gain on sale of securities		12		—
Tri-Net fees		641		528
Mortgage banking income		1,385		1,313
Other noninterest income		1,899		847
Total noninterest income		4,735		3,090
Noninterest expense:
Salaries and employee benefits		8,432		6,257
Data processing and software		1,474		798
Professional fees		543		474
Occupancy		883		521
Equipment		852		539
Regulatory fees		274		203
Merger related expenses		594		—
Amortization of intangibles		430		10
Other operating		1,243		778
Total noninterest expense		14,725		9,580
Income before income taxes		6,126		3,678
Income tax expense		1,346		483
Net income	$	4,780	$	3,195
Per share information:
Basic net income per share of common stock	$	0.27	$	0.27
Diluted net income per share of common stock	$	0.25	$	0.25
Weighted average shares outstanding:
Basic		17,783,239		11,664,245
Diluted		18,830,933		12,975,759

This information is preliminary and based on company data available at the time of the presentation.

CAPSTAR FINANCIAL HOLDINGS, INC. AND SUBSIDIARY

Selected Quarterly Financial Data (unaudited) (dollars in thousands, except share data)

First Quarter 2019 Earnings Release

	Five Quarter Comparison
	3/31/19			12/31/18			9/30/18			6/30/18			3/31/18
Income Statement Data:
Net interest income	$	17,002		$	17,716		$	11,543		$	11,587		$	10,846
Provision for loan losses		886			1,514			481			169			678
Net interest income after provision for loan losses		16,116			16,202			11,062			11,418			10,168
Treasury management and other deposit service charges		798			793			528			427			402
Net gain (loss) on sale of securities		12			1			(1	)		3			—
Tri-Net fees		641			276			374			325			528
Mortgage banking income		1,385			1,324			1,634			1,383			1,313
Other noninterest income		1,899			3,993			683			627			847
Total noninterest income		4,735			6,387			3,218			2,765			3,090
Salaries and employee benefits		8,432			9,475			6,514			6,340			6,257
Data processing and software		1,474			1,424			803			810			798
Professional fees		543			534			255			344			474
Occupancy		883			736			544			535			521
Equipment		852			810			520			602			539
Regulatory fees		274			364			228			233			203
Merger related expenses		594			8,929			540			335			—
Amortization of intangibles		430			442			3			10			10
Other operating		1,243			1,118			663			796			778
Total noninterest expense		14,725			23,832			10,070			10,005			9,580
Net income (loss) before income tax expense		6,126			(1,243	)		4,210			4,178			3,678
Income tax (benefit) expense		1,346			(535	)		554			665			483
Net income (loss)	$	4,780		$	(708	)	$	3,656		$	3,513		$	3,195
Weighted average shares - basic		17,783,239			17,509,525			12,040,229			11,845,822			11,664,245
Weighted average shares - diluted		18,830,933			18,716,562			13,113,775			13,067,223			12,975,759
Net income (loss) per share, basic	$	0.27		$	(0.04	)	$	0.30		$	0.30		$	0.27
Net income (loss) per share, diluted		0.25			(0.04	)		0.28			0.27			0.25
Balance Sheet Data (at period end):
Cash and cash equivalents	$	120,321		$	105,443		$	52,589		$	58,222		$	51,125
Securities available-for-sale		233,691			243,808			187,469			183,364			189,580
Securities held-to-maturity		3,727			3,734			3,740			3,746			3,752
Loans held for sale		72,870			57,618			50,499			65,320			62,286
Total loans		1,467,786			1,429,794			1,073,870			1,046,525			1,031,821
Allowance for loan losses		(12,959	)		(12,113	)		(15,218	)		(14,705	)		(14,563	)
Total assets		2,035,811			1,963,883			1,416,907			1,401,181			1,382,745
Non-interest-bearing deposits		312,597			289,552			239,792			223,579			258,161
Interest-bearing deposits		1,366,205			1,280,456			886,611			921,435			869,393
Federal Home Loan Bank advances		75,000			125,000			125,000			95,000			100,000
Total liabilities		1,776,060			1,709,504			1,259,397			1,248,035			1,234,052
Shareholders' equity	$	259,751		$	254,379		$	157,510		$	153,146		$	148,693
Total shares of common stock outstanding		17,765,124			17,724,721			12,125,122			11,931,131			11,773,358
Total shares of preferred stock outstanding		878,048			878,048			878,048			878,048			878,048
Book value per share of common stock	$	14.11		$	13.84		$	12.25		$	12.08		$	11.87
Tangible book value per share of common stock *		11.55			11.25			11.74			11.56			11.34
Market value per share of common stock	$	14.44		$	14.73		$	16.72		$	18.53		$	18.83
Capital ratios:
Total risk based capital		12.64	%		12.84	%		12.62	%		12.53	%		12.22	%
Tier 1 risk based capital		11.90	%		12.13	%		11.49	%		11.41	%		11.11	%
Common equity tier 1 capital		11.40	%		11.61	%		10.83	%		10.73	%		10.43	%
Leverage		10.97	%		11.06	%		11.02	%		10.87	%		10.91	%

_____________________

*This metric is a non-GAAP financial measure.  See below for discussion and reconciliation to the most directly comparable GAAP financial measure.

This information is preliminary and based on company data available at the time of the presentation.

CAPSTAR FINANCIAL HOLDINGS, INC. AND SUBSIDIARY

Selected Quarterly Financial Data (unaudited) (dollars in thousands, except share data)

First Quarter 2019 Earnings Release

	Five Quarter Comparison
	3/31/19			12/31/18			9/30/18			6/30/18			3/31/18
Average Balance Sheet Data:
Cash and cash equivalents	$	83,689		$	83,560		$	62,787		$	63,064		$	60,965
Investment securities		251,631			256,595			196,031			197,933			203,274
Loans held for sale		66,880			52,131			54,701			58,297			68,084
Loans		1,461,696			1,439,652			1,070,060			1,041,835			983,496
Assets		1,988,478			1,940,991			1,421,873			1,396,359			1,351,129
Interest bearing deposits		1,299,205			1,271,602			913,534			901,076			840,871
Deposits		1,588,317			1,579,250			1,147,274			1,138,400			1,111,182
Federal Home Loan Bank advances		117,278			102,304			109,728			99,121			84,533
Liabilities		1,731,373			1,695,181			1,265,610			1,244,824			1,202,854
Shareholders' equity		257,105			245,811			156,264			151,535			148,276
Performance Ratios:
Annualized return on average assets		0.97	%		(0.14	)%		1.02	%		1.01	%		0.96	%
Annualized return on average equity		7.54	%		(1.14	)%		9.28	%		9.30	%		8.74	%
Net interest margin (1)		3.75	%		3.89	%		3.35	%		3.46	%		3.39	%
Annualized Non-interest income to average assets		0.97	%		1.31	%		0.90	%		0.79	%		0.93	%
Efficiency ratio		67.7	%		98.9	%		68.2	%		69.7	%		68.8	%
Loans by Type (at period end):
Commercial and industrial	$	419,941		$	404,600		$	398,626		$	386,065		$	408,353
Commercial real estate - owner occupied		170,558			141,931			117,904			121,475			131,741
Commercial real estate - non-owner occupied		403,443			408,515			286,848			286,769			258,016
Construction and development		162,237			174,670			129,799			96,580			91,953
Consumer real estate		248,943			253,562			112,957			109,915			104,224
Consumer		26,241			25,615			8,274			9,671			9,524
Other		36,366			21,002			19,792			36,428			28,750
Asset Quality Data:
Allowance for loan losses to total loans		0.88	%		0.85	%		1.42	%		1.41	%		1.41	%
Allowance for loan losses to non-performing loans		757	%		583	%		271	%		271	%		1096	%
Nonaccrual loans	$	1,712		$	2,078		$	5,610		$	5,419		$	1,329
Troubled debt restructurings		1,255			1,391			1,146			1,173			1,190
Loans - over 89 days past due and accruing		-			214			215			216			-
Total non-performing loans		1,712			2,078			5,610			5,419			1,329
OREO and repossessed assets		1,038			988			-			-			-
Total non-performing assets		2,750			3,066			5,610			5,419			1,329
Non-performing loans to total loans		0.12	%		0.15	%		0.52	%		0.52	%		0.13	%
Non-performing assets to total assets		0.14	%		0.16	%		0.40	%		0.39	%		0.10	%
Non-performing assets to total loans and OREO		0.19	%		0.21	%		0.52	%		0.52	%		0.13	%
Annualized net charge-offs (recoveries) to average loans		0.01	%		1.27	%		(0.01	)%		0.01	%		(0.07	)%
Net charge-offs (recoveries)	$	40		$	4,620		$	(32	)	$	27		$	(165	)
Interest Rates and Yields:
Loans		5.49	%		5.49	%		5.00	%		5.04	%		4.74	%
Securities		3.20	%		3.30	%		2.85	%		2.82	%		2.68	%
Total interest-earning assets		5.06	%		5.02	%		4.58	%		4.58	%		4.29	%
Deposits		1.31	%		1.12	%		1.22	%		1.11	%		0.88	%
Borrowings and repurchase agreements		2.85	%		2.76	%		2.53	%		2.53	%		2.35	%
Total interest-bearing liabilities		1.71	%		1.50	%		1.64	%		1.51	%		1.27	%
Other Information:
Full-time equivalent employees	289			286			185			183			182

_____________________

This information is preliminary and based on company data available at the time of the presentation.

(1)  Net Interest Margin, Securities yields, and Total interest-earning asset yields are calculated on a tax-equivalent basis

CAPSTAR FINANCIAL HOLDINGS, INC. AND SUBSIDIARY

Analysis of Interest Income and Expense, Rates and Yields (unaudited) (dollars in thousands)

First Quarter 2019 Earnings Release

	For the Three Months Ended March 31,
	2019							2018
	Average Outstanding Balance		Interest Income/ Expense		Average Yield/ Rate			Average Outstanding Balance		Interest Income/ Expense		Average Yield/ Rate
Interest-Earning Assets
Loans (1)	$	1,461,696	$	19,787		5.49	%	$	983,496	$	11,484		4.74	%
Loans held for sale		66,880		805		4.88	%		68,084		750		4.47	%
Securities:
Taxable investment securities (2)		195,191		1,533		3.14	%		156,083		1,009		2.59	%
Investment securities exempt from    federal income tax (3)		56,440		377		3.38	%		47,191		280		3.00	%
Total securities		251,631		1,910		3.20	%		203,274		1,289		2.68	%
Cash balances in other banks		66,335		446		2.73	%		48,585		201		1.68	%
Funds sold		2,079		19		3.73	%		3,539		20		2.28	%
Total interest-earning assets		1,848,621		22,967		5.06	%		1,306,978		13,744		4.29	%
Noninterest-earning assets		139,857							44,151
Total assets	$	1,988,478						$	1,351,129
Interest-Bearing Liabilities
Interest-bearing deposits:
Interest-bearing transaction accounts	$	434,151		1,594		1.49	%	$	286,335		754		1.07	%
Savings and money market deposits		489,989		1,718		1.42	%		379,529		1,005		1.07	%
Time deposits		375,065		1,813		1.96	%		175,007		649		1.50	%
Total interest-bearing deposits		1,299,205		5,125		1.60	%		840,871		2,408		1.16	%
Borrowings and repurchase agreements		119,301		840		2.85	%		84,644		490		2.35	%
Total interest-bearing liabilities		1,418,506		5,965		1.71	%		925,515		2,898		1.27	%
Noninterest-bearing deposits		289,111							270,311
Total funding sources		1,707,617							1,195,826
Noninterest-bearing liabilities		23,756							7,027
Shareholders’ equity		257,105							148,276
Total liabilities and shareholders’ equity	$	1,988,478						$	1,351,129
Net interest spread (4)						3.36	%						3.02	%
Net interest income/margin (5)			$	17,002		3.75	%			$	10,846		3.39	%

(1) Average loan balances include nonaccrual loans.  Interest income on loans includes amortization of deferred loan fees, net of deferred loan costs.

(2) Taxable investment securities include restricted equity securities.

(3) Yields on tax exempt securities, total securities, and total interest-earning assets are shown on a tax equivalent basis.

(4) Net interest spread is the average yield on total average interest-earning assets minus the average rate on total average interest-bearing liabilities.

(5) Net interest margin is annualized net interest income calculated on a tax equivalent basis divided by total average interest-earning assets for the period.

This information is preliminary and based on company data available at the time of the presentation.

CAPSTAR FINANCIAL HOLDINGS, INC. AND SUBSIDIARY

Non-GAAP Financial Measures (unaudited) (dollars in thousands except share data)

First Quarter 2019 Earnings Release

	Three Months Ended
	March 31, 2019			December 31, 2018			September 30, 2018			June 30, 2018			March 31, 2018
Operating net income:
Net income (loss)	$	4,780		$	(708	)	$	3,656		$	3,513		$	3,195
Add:  merger related expenses		594			8,929			540			335			—
Less: income tax impact of merger related expenses		(155	)		(1,985	)		(141	)		(88	)		—
Operating net income	$	5,219		$	6,236		$	4,055		$	3,760		$	3,195
Operating diluted net income per    share of common stock:
Operating net income	$	5,219		$	6,236		$	4,055		$	3,760		$	3,195
Weighted average shares - diluted		18,830,933			18,716,562			13,113,775			13,067,223			12,975,759
Operating diluted net income    per share of common stock	$	0.28		$	0.33		$	0.31		$	0.29		$	0.25
Operating annualized return on average assets:
Operating net income	$	5,219		$	6,236		$	4,055		$	3,760		$	3,195
Average assets	$	1,988,478		$	1,940,991		$	1,421,873		$	1,396,359		$	1,351,129
Operating annualized return on    average assets		1.06	%		1.27	%		1.13	%		1.08	%		0.96	%
Operating annualized return on    average tangible equity:
Average total shareholders' equity	$	257,105		$	245,811		$	156,264		$	151,535		$	148,276
Less: average intangible assets		(45,890	)		(45,687	)		(6,220	)		(6,228	)		(6,238	)
Average tangible equity		211,215			200,124			150,044			145,307			142,038
Operating net income	$	5,219		$	6,236		$	4,055		$	3,760		$	3,195
Operating annualized return on    average tangible equity		10.02	%		12.36	%		10.72	%		10.38	%		9.12	%
Operating efficiency ratio:
Total noninterest expense	$	14,725		$	23,832		$	10,070		$	10,005		$	9,580
Less:  merger related expenses		(594	)		(8,929	)		(540	)		(335	)		—
Total operating noninterest expense		14,131			14,903			9,530			9,670			9,580
Net interest income		17,002			17,716			11,543			11,587			10,846
Total noninterest income		4,735			6,387			3,218			2,765			3,090
Total revenues	$	21,737		$	24,103		$	14,761		$	14,352		$	13,936
Operating efficiency ratio:		65.01	%		61.83	%		64.56	%		67.38	%		68.74	%
	March 31, 2019			December 31, 2018			September 30, 2018			June 30, 2018			March 31, 2018
Tangible Equity:
Total shareholders' equity	$	259,751		$	254,379		$	157,510		$	153,146		$	148,693
Less: intangible assets		(45,618	)		(46,048	)		(6,219	)		(6,222	)		(6,232	)
Tangible equity	$	214,133		$	208,331		$	151,291		$	146,924		$	142,461
Tangible Common Equity:
Tangible equity	$	214,133		$	208,331		$	151,291		$	146,924		$	142,461
Less: preferred equity		(9,000	)		(9,000	)		(9,000	)		(9,000	)		(9,000	)
Tangible common equity	$	205,133		$	199,331		$	142,291		$	137,924		$	133,461
Tangible Book Value per Share of Common Stock:
Tangible common equity	$	205,133		$	199,331		$	142,291		$	137,924		$	133,461
Total shares of common stock outstanding		17,765,124			17,724,721			12,125,122			11,931,131			11,773,358
Tangible book value per share of common stock	$	11.55		$	11.25		$	11.74		$	11.56		$	11.34