PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Florida Bank of Commerce

Palm Harbor, FL · Cert 20358

FDIC

Q4 2001

$63.6MAssets
$38.8MLoans
$57.8MDeposits
$4.2MEquity
Loan mix
88%RE $13.5M12%C&I $1.8M0%Consumer $0.1MQ4 2000Q4 2001
Deposit mix
89%Interest-bearing $51.3M11%Noninterest $6.5MQ4 2000Q4 2001

NIM

7.42%Q1 ’016.96%Q3 ’016.50%Q4 ’01-3%-2%

Non-interest income vs. expense

2.79%Q1 ’012.82%Q3 ’012.91%Q4 ’01+2%+6%

Executive Summary

  • Earnings: ROA of 0.34%, down 29 bps year over year; NIM at 2.98%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.24%.
  • Funding: loans stand at 67.19% of deposits as of Q4 2001.

Financial Results

Return on Assets (quarter, annualized)

0.34%-29 bps YoY

Net Interest Margin (quarter, annualized)

2.98%

Efficiency Ratio (quarter, annualized)

84.29%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets0.63%0.46%0.42%0.46%0.34%-29 bps
Return on Equityn/an/a5.78%6.27%4.83%n/a
Net Interest Marginn/a3.15%2.99%3.04%2.98%n/a
Efficiency Ration/a75.96%78.14%79.38%84.29%n/a
Non-Interest Burdenn/a2.27%2.25%2.31%2.44%n/a
Growth
Asset Growth (YoY)16.30%20.66%19.45%11.51%20.03%+373 bps
Loan Growth (YoY)15.93%18.09%9.37%15.88%11.55%-438 bps
Deposit Growth (YoY)12.91%20.29%25.24%13.59%22.37%+947 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.00%0.00%0.00%-0.24%n/a
Allowance / Loansn/a1.22%1.23%1.14%1.23%n/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capitaln/a12.71%12.68%12.05%12.02%n/a
Equity / Assetsn/a7.47%7.21%7.29%6.64%n/a
Liquidity & Funding
Loans / Deposits73.71%73.27%72.26%75.37%67.19%-652 bps
Liquid Assets / Assets0.00%5.49%5.27%4.46%1.94%+194 bps
CRE / Total Capitaln/an/an/an/an/an/an/a