8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

 October 30, 2018

Bank7 Corp.

(Exact name of registrant as specified in its charter)

Oklahoma	001-38656	20-0764349
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1039 N.W. 63rd Street, Oklahoma City, Oklahoma 73116

(Address of principal executive offices) (Zip Code)

(405) 810-8600

 (Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  ☑

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

Item 7.01. Regulation FD Disclosure

On October 30, 2018, Bank7 Corp. (the “Registrant”), the holding company for Bank7, issued a press release announcing its financial results for the three and nine month periods ended September 30, 2018.  A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

In connection with issuing the press release, the Registrant intends to hold a conference call on October 31, 2018 at 4:30 pm ET to discuss certain financial information contained in the Third Quarter 2018 Investor Presentation (the “Investor Presentation”), which was posted to the Registrant’s website at www.bank7.com on October 30, 2018.  A copy of the Investor Presentation is attached to this Current Report on Form 8-K as Exhibit 99.2 and is incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 and Exhibit 99.2, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in Item 2.02 and Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 and Exhibit 99.2, shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing or document.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

The following exhibits are filed herewith:

Item	Description
99.1	Press Release dated October 30, 2018 (furnished pursuant to Item 2.02).
99.2	Third Quarter 2018 Investor Presentation (furnished pursuant to Item 2.02 and Item 7.01).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BANK7 CORP.
Date: October 30, 2018	By:	/s/   Kelly J. Harris
		Kelly J. Harris
		Senior Vice President and Chief Financial Officer

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE: Bank7 Corp. Announces 3Q 2018 Earnings

Oklahoma City, OK, October 30, 2018 – Bank7 Corp. (NASDAQ: BSVN) ("the Company"), the parent company of Oklahoma City-based Bank7 (the "Bank"), today reported unaudited results for the three and nine months ended September 30, 2018.  "We are pleased to have successfully completed our IPO and to announce our 3Q results.  Our 3Q and YTD results show continued balance sheet growth and near industry leading ROA, ROE, and efficiency ratio.  This was accomplished in spite of the additional time and resources spent during 2Q and 3Q of 2018 to complete the IPO process,” said Thomas L. Travis, President and CEO of the Company.

For 3Q 2018 the Company reported pre-tax income of $6.3 million, or $0.83 basic and $0.82 diluted earnings per share (EPS), compared to pre-tax income of $5.9 million, or $0.82 basic and diluted EPS for 3Q 2017.  For 3Q 2018, interest income increased by $757,000, compared to 3Q of 2017.  Our strong loan growth, combined with increased loan yields enabled us to offset an $822,000 decrease in non-recurring loan fee income compared to 3Q 2017.  For 3Q 2018, average total loans were $596.5 million as compared to $541.4 million for 3Q 2017.  For 3Q 2018 yield on loans, excluding loan fee income, was 6.8% as compared to 6.3% for 3Q 2017.

For the nine months ended September 30, 2018, the Company reported pre-tax income of $19.0 million, or $2.57 basic and diluted EPS as compared to pre-tax income of $19.2 million, or $2.64 basic and diluted EPS for the same period of 2017.  For the nine months ended September 30, 2018, interest income increased by $439,000, compared to the same period in 2017.  Our strong loan growth and increased loan yields enabled us to offset a $2.9 million decrease in revenue net of loan loss provision.  For the nine months ended 2018, non-recurring loan fee income was reduced by $3.9 million as compared to the same period in 2017.  We also incurred $1.0 million less in loan loss provision expense as compared to the same period in 2017.  Average total loans were $578.4 million for the nine months ended 2018 as compared $535.8 million for the same period in 2017.  Yield on loans, excluding loan fee income, for the nine months ended 2018 was 6.6% as compared to 6.1% for the same period in 2017.  The data in the table below further illustrates our net interest margin and related loan fee income.

Pre-tax, pre-provision net income is defined as income before taxes and provision for loan losses.  We believe the most directly comparable GAAP financial measure is income before taxes.  Disclosure of this measure enables you to compare our operations to those of other banking companies before consideration of taxes and provision expense, which some investors may consider to be a more appropriate comparison given our S Corporation status prior to September 2018.  We calculate our pro forma net income, return on average assets, and return on average equity, and per share amounts by using a combined C Corporation effective tax rate for federal and state income taxes of 25% in 2018 and 37.4% in 2017.  This calculation reflects only the change in our status as an S Corporation and does not give effect to any other transaction.  However, we acknowledge that our non-GAAP financial measures have a number of limitations.  As such, you should not view these disclosures as a substitute for results determined in accordance with GAAP, and they are not necessarily comparable to non-GAAP financial measures that other banking companies use.  Other banking companies may use names similar to those we use for non-GAAP financial measures we disclose, but may calculate them differently.  You should understand how we and other companies each calculate their non-GAAP financial measures when making comparisons.  The following reconciliation table provides a more detailed analysis of these non-GAAP financial measures:

	Three months ended September 30,						Nine months ended September 30,
(Dollars in thousands, except per share data)	2018			2017			2018			2017
Loan interest income (excluding loan fees)
Total loan interest income, including loan fee income	$	11,082		$	10,325		$	32,490		$	32,051
Loan fee income		(943	)		(1,765	)		(3,893	)		(7,599	)
Loan interest income excluding loan fee income	$	10,139		$	8,560		$	28,597		$	24,452
Average total loans	$	596,450		$	541,444		$	578,205		$	535,607
Yield on loans (including loan fee income)		7.43	%		7.63	%		7.49	%		7.98	%
Yield on loans (excluding loan fee income)		6.80	%		6.32	%		6.59	%		6.09	%
Net interest margin (excluding loan fees)
Net interest income	$	9,801		$	9,453		$	29,101		$	29,642
Loan fee income		(943	)		(1,765	)		(3,893	)		(7,599	)
Net interest income excluding loan fees	$	8,858		$	7,688		$	25,208		$	22,043
Average earning assets	$	731,140		$	653,419		$	708,875		$	640,316
Net interest margin (including loan fee income)		5.36	%		5.79	%		5.47	%		6.17	%
Net interest margin (excluding loan fee income)		4.85	%		4.71	%		4.74	%		4.59	%
Pre-tax, pre-provision net earnings
Net income before income taxes	$	6,316		$	5,950		$	19,043		$	19,221
Plus: Provision (reversal of) for loan losses		-			(150	)		(100	)		(1,096	)
Pre-tax, pre-provision net earnings	$	6,316		$	6,100		$	19,143		$	20,317

	Three months ended September 30,						Nine months ended September 30,
(Dollars in thousands, except per share data)	2018			2017			2018			2017
Pro forma provision for income tax
Net income before income taxes	$	6,316		$	5,950		$	19,043		$	19,221
Total effective pro forma tax rate		25.0	%		37.4	%		25.0	%		37.4	%
Pro forma provision for income taxes	$	1,579		$	2,222		$	4,764		$	7,179
Pro forma net income
Net income before income taxes	$	6,316		$	5,950		$	19,043		$	19,221
Pro forma provision for income taxes		1,579			2,222			4,764			7,179
Pro forma net income	$	4,737		$	3,728		$	14,279		$	12,042
Pro forma ratios and per share data
Pro forma net income (numerator)	$	4,737		$	3,728		$	14,279		$	12,042
Average assets (denominator)	$	742,283		$	656,347		$	718,474		$	643,459
Pro forma return on average assets		2.55	%		2.27	%		2.65	%		2.50	%
Average stockholders' equity (denominator)	$	80,064		$	65,641		$	75,710		$	61,941
Pro forma return on average stockholders' equity		23.67	%		22.72	%		25.15	%		25.92	%
Weighted average common shares outstanding basic (denominator)	$	7,634		$	7,288		$	7,404		$	7,288
Pro forma net income per common share--basic		0.62			0.51			1.93			1.65
Weighted average common shares outstanding diluted (denominator)	$	7,669		$	7,288		$	7,416		$	7,288
Pro forma net income per common share--diluted		0.62			0.51			1.93			1.65

Tangible assets
Total assets	$	751,173		$	664,104
Less: Goodwill		(2,046	)		(2,252	)
Tangible assets	$	749,127		$	661,852
Tangible stockholders' equity
Total stockholders' equity	$	82,765		$	66,557
Less: Goodwill		(2,046	)		(2,252	)
Tangible stockholders' equity	$	80,719		$	64,305
Tangible stockholders' equity
Tangible stockholders' equity (numerator)	$	80,719		$	64,305
Tangible assets (denominator)	$	749,127		$	661,852
Tangible common equity to tangible assets		10.78	%		9.72	%

Pre-tax return on average assets and return on average equity was 3.5% and 33.5%, respectively, for the nine months ended September 30, 2018, as compared to 4.0% and 41.4%, respectively, for the same period in 2017.  Our efficiency ratio for the nine months ended September 30, 2018 was 37.1% as compared to 34.7% for the same period in 2017.

Balance Sheet - Total assets were $751.2 million as of September 30, 2018 as compared to $703.6 million as of December 31, 2017, an increase of $47.6 million or 6.8%.  Total loans were $584.8 million as of September 30, 2018 as compared to $563.0 million as of December 31, 2017, an increase of $21.8 million or 3.9%.  Total deposits were $664.3 million as of September 30, 2018 as compared to $625.8 million as of December 31, 2017, an increase of $38.5 million, or 6.2%.  Stockholders' equity was $82.8 million as of September 30, 2018 as compared to $69.2 million, an increase of $13.6 million, or 19.6%.

Capital – Both the Bank’s and the Company’s capital levels continue to be significantly above the minimum levels required to be designated as “well-capitalized” for regulatory purposes.  At September 30, 2018 the Tier 1 leverage ratio, common equity Tier 1 risk-based capital ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.88%, 13.84%, 13.84%, and 15.09% respectively for the Bank.  At September 30, 2018 the Tier 1 leverage ratio, common equity Tier 1 risk-based capital ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.76%, 13.67%, 13.67%, and 14.92% respectively for the Company on a consolidated basis.

About Bank7 Corp.

We are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate seven full-service branches in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area and Kansas. We are focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs. We intend to grow organically by selectively opening additional branches in our target markets as well as pursue strategic acquisitions.

Conference call

Bank7 Corp. has scheduled a conference call to discuss its 3Q 2018 results, which will be broadcast live over the Internet, on Wednesday, October 31, 2018 at 4:30 p.m. Eastern Time. To participate in the call, dial 1-888-317-6016, or access it live over the Internet at https://services.choruscall.com/links/bsvn181031.html.  For those who cannot listen to the live call, a replay will be available through November 8, 2018 and may be accessed by dialing 1-877-344-7529 and using pass code 10125977. Also, an archive of the webcast will be available shortly after the call at https://services.choruscall.com/links/bsvn181031.html for 1 year.

Cautionary Statements Regarding Forward-Looking Information

This communication contains a number of forward-looking statements. These forward-looking statements reflect Bank7 Corp.’s current views with respect to, among other things, future events and Bank7 Corp.’s financial performance. Any statements about Bank7 Corp.’s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipate,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends” and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.’s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.’s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements.

About Non-GAAP Financial Measures

This communication includes certain non-GAAP financial measures, including adjusted net income, adjusted earnings per share, adjusted return on average assets and adjusted return on average shareholders’ equity. These non-GAAP financial measures and any other non-GAAP financial measures that we discuss in this presentation should not be considered in isolation, and should be considered as additions to, and not substitutes for or superior to, measures of financial performance prepared in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of Bank7 Corp.’s non-GAAP financial measures as tools for comparison. See the table above in this communication for a reconciliation of the non-GAAP financial measures used in (or conveyed orally during) this communication to their most directly comparable GAAP financial measures.

Brad Haines, Chairman

brad@bank7.com

405-810-8600

Thomas L. Travis, President and CEO

ttravis@bank7.com

405-810-7292

EX-99.2

Exhibit 99.2

 Bank7 Corp.  Q3 Earnings ReleaseOctober 31, 2018   

 Legal Information and Disclaimer  This presentation and oral statements made regarding the subject of this presentation contain forward-looking statements. These forward-looking statements reflect Bank7 Corp.’s current views with respect to, among other things, future events and Bank7 Corp.’s financial performance. Any statements about Bank7 Corp.’s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipate,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends” and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.’s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.’s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forwardlooking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements. Within this presentation, we reference certain market, industry and demographic data, forecasts and other statistical information. We have obtained this data, forecasts and information from various independent, third party industry sources and publications. Nothing in the data, forecasts or information used or derived from third party sources should be construed as advice. Some data and other information are also based on our good faith estimates, which are derived from our review of industry publications and surveys and independent sources. We believe that these sources and estimates are reliable, but have not independently verified them. Statements as to our market position are based on market data currently available to us. Although we are not aware of any misstatements regarding the economic, employment, industry and other market data presented herein, these estimates involve inherent risks and uncertainties and are based on assumptions that are subject to change. This presentation includes certain non-GAAP financial measures, including adjusted net income, adjusted earnings per share, adjusted return on average assets and adjusted return on average shareholders’ equity. These non-GAAP financial measures and any other non-GAAP financial measures that we discuss in this presentation should not be considered in isolation, and should be considered as additions to, and not substitutes for or superior to, measures of financial performance prepared in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of Bank7 Corp.’s non-GAAP financial measures as tools for comparison. See the table on Slide 14 of this presentation for a reconciliation of the non-GAAP financial measures used in (or conveyed orally during) this presentation to their most directly comparable GAAP financial measures. 

 Corporate Overview    September 30, 2018  Assets  $751 million  Loans  $585 million  Deposits  $664 million  One of the Top Performing Community Banks in the United States for 2017 (1)Track Record of Industry Leading Profitability and Expense ControlIntense Focus on Underwriting Process and Asset QualityScalable and Consistently Growing PlatformWell Positioned for Rising RatesNASDAQ: BSVN  (1) Best-performing community banks of 2017 under $1B in assets, S&P Global Market Intelligence - https://platform.mi.spglobal.com/web/client?auth=inherit#news/article?id=43935321&cdid=A-43935321-11062  

 Financial Snapshot: Bank7 continues to experience growth and strong earnings  For the Nine Months EndedSeptember 30, 2018  Net Income (2)  Dollars are in millions, except earnings per share. Financial data is as of or for the twelve months ended December 31 of each respective year and as of or for the nine months ended September 30, 2018 and 2017.Tangible shareholders’ equity and tangible shareholders’ equity to tangible assets are non-GAAP financial measures. See non-GAAP reconciliation table for reconciliation to their most comparable GAAP measures.Profitability metrics are tax adjusted as if the Company were a C Corporation at the estimated tax rates for the respective periods.Net interest margin (excluding loan fee income) is a non-GAAP financial measure. See non-GAAP reconciliation table for reconciliation to its most comparable GAAP measure.At September 30, 2018 Tier 1 leverage ratio, common equity Tier 1 risk-based capital ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.76%, 13.67%, 13.67%, and 14.92% respectively for the Company.Ratio is for the Bank only and represents total non-owner occupied CRE loans, including loans secured by multi-family residential real estate, investor CRE, and construction and land loans, divided by the Bank’s total risk-based capital.  Total Assets 

 Historical Performance  Return on Average Assets (1)  Return on Average Equity (1)  Dollars are in millionsFinancial data is as of or for the twelve months ended December 31 of each respective year and as of or for the nine months ended September 30, 2018.Profitability metrics are tax adjusted as if the Company were a C Corporation at the estimated tax rates for the respective periods.  Leveraging Our Employee Base  Efficiency Ratio  We continue to see near industry-leading ROA and ROEWe have maintained our low efficiency ratio and high asset to employee ratioOur earnings have been further boosted by the Tax Cuts and Jobs Act 

   September 30, 2017    September 30, 2018    Annual growth rate   Balance Sheet and Earnings Growth  Dollars are in millions, except earnings per share.Financial data is as of or for the twelve months ended December 31 of each respective year and as of or for the nine months ended September 30, 2018.Net income is tax adjusted as if the Company were a C Corporation at the estimated tax rates for the respective periods.Tangible book value per share is a non-GAAP financial measure. See Appendix for reconciliation to its most comparable GAAP measure.  Balance Sheet and Earnings Growth  13.1%  10.1%  12.7%  24.4%  18.6%  Tangible Book Value Per Share (2)  $664.1  $751.2  $531.1  $584.8  $589.7  $664.3  $66.6  $82.8  $12.0  $14.3  CAGR = 23.2%  (1) 

 Net Interest Margin Breakdown  Net Interest Margin  Financial data is as of or for the twelve months ended December 31 of each respective year and as of or for the nine months ended September 30, 2018.Yield on loans (excluding loan fee income) and net interest margin (excluding loan fee income) are non-GAAP financial measures. See Appendix for reconciliation to their most comparable GAAP measures.  Net interest margin (excluding loan fee income) has steadily increased and remains at a healthy levelBank is well-positioned to maintain its performance in a rising rate environment 

 Loan and Deposit Beta Analysis  28.4%  31.1%  22.1%  23.2%  26.5%  26.3%  All Fed changes were made at quarter end so the changes were included for the next quarter (i.e. 03/16/17 shows on Q2 of 2017).Loan and Deposit rates are calculated by taking total interest income or expense divided by average balancesFor the prior seven quarters (01/01/17 - 09/30/18), our cumulative effective loan rate increased by 77.3% of the Fed changes and deposit rate increased by 36.7% of the Fed changes. 

 Asset Quality  Net Charge-Offs to Average Loans  Allowance for Loan Losses to Total Loans  Financial data is as of or for the twelve months ended December 31 of each respective year and as of or for the nine months ended September 30, 2018.  Nonperforming Assets to Loans and OREO  Q3 asset quality remains strongWe continue to maintain a strong loan loss reserveQuality underwriting and disciplined lending practices have led to low nonperforming loans and net charge-offs 

 Diversified Loan Portfolio  Dollars are in millions. Data as of September 30, 2018.  Gross Loan Portfolio Composition by Purpose Type 

 Deposit Composition  Historical Deposit Growth  CAGR = 12.4%  Deposit Composition as of September 30, 2018  Our Deposit StrategyGather deposits from commercial clients through a suite of targeted deposit offerings, including a variety of remote deposit and cash management productsCommercial loan customers are a strong source of deposit accounts, and we consistently seek to develop deposit relationships with our borrowers82.1% of our loan customers also had a deposit relationship with us as of September 30, 2018Offer consumers traditional retail deposit products through our branch network, along with online, mobile and direct banking channelsCore DepositsCore deposits are deposits obtained directly from the depositor and exclude deposits obtained from listing services and brokered deposits that are obtained through an intermediaryCore deposits totaled $597.9 million, or 89.9% of total deposits, as of September 30, 2018  Dollars are in millions.Financial data is as of or for the twelve months ended December 31 of each respective year and as of or for the nine months ended September 30, 2018.  28.4%  31.1%  22.1%  23.2%  26.5%  26.3%  Commentary 

 Appendix   

 Bank7 Corp. Financials  Net income and earnings per share are tax adjusted as if the Company were a C Corporation at the estimated tax rates for the respective periods. Represents a non-GAAP financial measure. See non-GAAP reconciliations table for reconciliation to its more comparable GAAP measure.  

 Bank7 Corp. Financials  Return on average assets and shareholders’ equity are tax adjusted as if the Company were a C Corporation at the estimated tax rates for the respective periods.Efficiency ratio is calculated by dividing noninterest expense by the sum of net interest income on a tax equivalent basis and noninterest income.   Represents a non-GAAP financial measure. See non-GAAP reconciliations table for reconciliation to its more comparable GAAP measure. Ratios are based on Bank level financial information rather than consolidated information. At September 30, 2018 Tier 1 leverage ratio, common equity Tier 1 risk-based capital ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.76%, 13.67%, 13.67%, and 14.92% respectively for the Company. 

 Non-GAAP Reconciliations