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Bank of the South

Pensacola, FL · Cert 19125

FDIC · 2 branches

Q1 2022

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: Q1 2022, the quarter ended March 31, 2022, 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

Bank of the South

Pensacola, FL · Cert 19125

FDIC · 2 branches

Q1 2022

$93.0MAssets
$21.8MLoans
$78.4MDeposits
$14.5MEquity
Loan mix
85%RE $10.8M14%C&I $1.7M1%Consumer $0.1MQ1 2021Q1 2022
Deposit mix
68%Interest-bearing $53.1M32%Noninterest $25.4MQ1 2021Q1 2022

NIM

2.49%Q1 ’202.31%Q1 ’211.83%Q1 ’22-3%-21%

Non-interest income vs. expense

2.59%Q1 ’202.30%Q1 ’212.17%Q1 ’22-13%-3%

Market Position · Pensacola-Ferry Pass-Brent, FL · 2021 SOD (annual) · 0.9% share · #16 of 22 inst. · $0.1B of $8.7B

Executive Summary

  • Earnings: ROA of -0.12%, down 30 bps year over year; NIM at 1.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 15.78%, down 251 bps from a year ago.
  • Funding: loans stand at 27.74% of deposits as of Q1 2022.

Financial Results

Return on Assets (YTD, annualized)

-0.12%-30 bps YoY

Net Interest Margin (YTD, annualized)

1.77%-47 bps YoY

Efficiency Ratio (YTD, annualized)

107.08%+1,743 bps YoY

Tier 1 Leverage Ratio

15.78%-251 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2021Q2 2021Q3 2021Q4 2021Q1 2022YoY ΔTrend
Earnings
Return on Assets0.18%0.13%0.13%0.09%-0.12%-30 bps
Return on Equity1.00%0.77%0.78%0.54%-0.77%-177 bps
Net Interest Margin2.24%2.09%2.02%2.01%1.77%-47 bps
Efficiency Ratio89.66%92.29%95.02%96.51%107.08%+1,743 bps
Non-Interest Burden1.97%1.91%1.90%1.93%1.91%-6 bps
Growth
Asset Growth (YoY)12.01%8.79%10.68%12.93%12.46%+45 bps
Loan Growth (YoY)15.03%-8.71%-23.37%-30.20%-26.84%-4,187 bps
Deposit Growth (YoY)14.92%10.59%13.11%16.09%15.52%+60 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.97%1.06%1.04%1.20%1.14%+17 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio18.29%16.78%15.90%16.00%15.78%-251 bps
Total Risk-Based Capital18.29%16.78%15.90%16.00%15.78%-251 bps
Equity / Assets17.84%16.20%15.86%15.88%15.58%-226 bps
Liquidity & Funding
Loans / Deposits43.80%35.47%30.78%26.73%27.74%-1,606 bps
Liquid Assets / Assets42.88%53.06%59.99%62.95%66.84%+2,396 bps
CRE / Total Capitaln/an/an/an/an/an/an/a