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First National Bank of South Miami

South Miami, FL · Cert 17093

FDIC · 3 branches

Q2 2023

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2023, the quarter ended June 30, 2023, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First National Bank of South Miami

South Miami, FL · Cert 17093

FDIC · 3 branches

Q2 2023

$1.0BAssets
$617.8MLoans
$882.1MDeposits
$70.7MEquity
Loan mix
94%RE $237.4M6%C&I $14.0M1%Consumer $1.3MQ2 2022Q2 2023
Deposit mix
72%Interest-bearing $638.2M28%Noninterest $243.9MQ2 2022Q2 2023

NIM

3.12%Q2 ’212.60%Q2 ’224.33%Q2 ’23-15%+18%

Non-interest income vs. expense

2.43%Q2 ’212.13%Q2 ’222.60%Q2 ’23-15%+23%

Market Position · Miami-Fort Lauderdale-West Palm Beach, FL · 2023 SOD (annual) · 0.3% share · #37 of 85 inst. · $0.9B of $334.1B

Executive Summary

  • Earnings: ROA of 0.18%, down 24 bps year over year; NIM at 2.72%.
  • Asset quality: problem loans at 0.36% of loans (-26 bps YoY), with net charge-offs at 0.15%.
  • Capital: tier 1 leverage ratio of 9.29%, up 108 bps from a year ago.
  • Funding: loans stand at 70.04% of deposits as of Q2 2023.

Financial Results

Return on Assets (YTD, annualized)

0.18%-24 bps YoY

Net Interest Margin (YTD, annualized)

2.72%+42 bps YoY

Efficiency Ratio (YTD, annualized)

82.20%+245 bps YoY

Tier 1 Leverage Ratio

9.29%+108 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2022Q3 2022Q4 2022Q1 2023Q2 2023YoY ΔTrend
Earnings
Return on Assets0.41%0.37%0.48%0.57%0.18%-24 bps
Return on Equity5.42%4.94%6.42%7.36%2.34%-308 bps
Net Interest Margin2.30%2.48%2.66%2.84%2.72%+42 bps
Efficiency Ratio79.74%76.57%73.14%71.44%82.20%+245 bps
Non-Interest Burden1.75%1.81%1.84%1.90%2.16%+40 bps
Growth
Asset Growth (YoY)8.07%-0.58%-7.36%-10.78%-3.25%-1,131 bps
Loan Growth (YoY)-8.42%-1.61%8.72%16.79%14.79%+2,321 bps
Deposit Growth (YoY)7.52%0.01%-7.09%-12.34%-2.41%-993 bps
Asset Quality
Nonperforming Loans / Loans0.61%0.36%0.71%0.49%0.36%-26 bps
Net Charge-Offs / Loans-0.02%-0.01%-0.01%0.00%0.15%+17 bps
Allowance / Loans1.47%1.47%1.47%1.53%1.60%+14 bps
Allowance Coverage of NPLs2.4x4.1x2.1x3.1x4.5x+2.1x
Capital
Tier 1 Leverage Ratio8.21%8.37%8.80%9.25%9.29%+108 bps
Total Risk-Based Capital16.71%15.84%15.68%15.40%14.41%-230 bps
Equity / Assets7.42%6.92%7.33%8.07%7.06%-37 bps
Liquidity & Funding
Loans / Deposits59.55%62.31%68.58%73.68%70.04%+1,049 bps
Liquid Assets / Assets26.74%20.54%14.61%10.32%16.06%-1,068 bps
CRE / Total Capitaln/an/an/an/an/an/an/a