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First Bank of Indiantown

Indiantown, FL · Cert 18149

FDIC · 41 branches

Q4 2017

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: Q4 2017, the quarter ended December 31, 2017, 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 Bank of Indiantown

Indiantown, FL · Cert 18149

FDIC · 41 branches

Q4 2017

$2.2BAssets
$1.4BLoans
$1.8BDeposits
$240.7MEquity
Loan mix
85%RE $854.4M11%C&I $109.0M4%Consumer $41.6MQ4 2016Q4 2017
Deposit mix
66%Interest-bearing $1.2B34%Noninterest $0.6BQ4 2016Q4 2017

NIM

3.35%Q4 ’153.59%Q4 ’163.40%Q4 ’17+6%-6%

Non-interest income vs. expense

3.14%Q4 ’152.99%Q4 ’162.66%Q4 ’17-3%-13%

Market Position · Port St. Lucie, FL · 2017 SOD (annual) · 4.0% share · #10 of 20 inst. · $0.4B of $9.0B

5.8% St. Lucie
5.2% St. Johns
14.1% Highlands
4.5% Alachua

Executive Summary

  • Earnings: ROA of 0.35%, down 4 bps year over year; NIM at 3.15%.
  • Asset quality: problem loans at 2.10% of loans (+210 bps YoY), with net charge-offs at 0.18%.
  • Capital: tier 1 leverage ratio of 9.75%, down 82 bps from a year ago.
  • Funding: loans stand at 76.48% of deposits as of Q4 2017.

Financial Results

Return on Assets (YTD, annualized)

0.35%-4 bps YoY

Net Interest Margin (YTD, annualized)

3.15%-19 bps YoY

Efficiency Ratio (YTD, annualized)

69.37%-404 bps YoY

Tier 1 Leverage Ratio

9.75%-82 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2016Q1 2017Q2 2017Q3 2017Q4 2017YoY ΔTrend
Earnings
Return on Assets0.40%0.63%0.55%0.56%0.35%-4 bps
Return on Equity3.31%5.57%4.86%4.91%3.12%-19 bps
Net Interest Margin3.34%3.37%3.29%3.14%3.15%-19 bps
Efficiency Ratio73.41%73.03%71.32%70.72%69.37%-404 bps
Non-Interest Burden2.41%2.34%2.24%2.12%2.08%-32 bps
Growth
Asset Growth (YoY)3.40%6.97%5.91%21.97%21.91%+1,851 bps
Loan Growth (YoY)8.62%8.28%6.46%29.49%26.26%+1,765 bps
Deposit Growth (YoY)5.48%9.41%8.36%18.59%17.98%+1,250 bps
Asset Quality
Nonperforming Loans / Loans0.00%3.16%2.80%2.09%2.10%+210 bps
Net Charge-Offs / Loans0.08%0.38%0.39%0.21%0.18%+10 bps
Allowance / Loans0.71%0.61%0.66%0.60%0.63%-8 bps
Allowance Coverage of NPLsn/a0.2x0.2x0.3x0.3xn/a
Capital
Tier 1 Leverage Ratio10.57%10.52%10.25%10.76%9.75%-82 bps
Total Risk-Based Capital16.41%16.11%16.05%15.48%14.54%-186 bps
Equity / Assets11.54%11.16%11.27%11.88%11.04%-49 bps
Liquidity & Funding
Loans / Deposits71.47%67.80%67.39%75.22%76.48%+502 bps
Liquid Assets / Assets10.39%10.96%10.99%9.31%9.19%-120 bps
CRE / Total Capitaln/an/an/an/an/an/an/a