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Southern Commerce Bank

Tampa, FL · Cert 26970

FDIC · 8 branches

Q1 2015

$71.0MAssets
$27.8MLoans
$45.0MDeposits
$25.5MEquity
Loan mix
39%RE $7.0M59%C&I $10.7M2%Consumer $0.4MQ2 2013Q1 2015
Deposit mix
78%Interest-bearing $35.0M22%Noninterest $10.0MQ2 2013Q1 2015

Market Position · Tampa-St. Petersburg-Clearwater, FL · 2014 SOD (annual) · 0.1% share · #57 of 66 inst. · $0.0B of $65.7B

0.1% Hillsborough
0.0% Pinellas
0.1% Manatee
0.1% St. Lucie

Executive Summary

  • Earnings: ROA of 0.25%, down 21 bps year over year; NIM at 2.95%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.61%.
  • Capital: tier 1 leverage ratio of 25.49%.
  • Funding: loans stand at 61.71% of deposits as of Q1 2015.

Return on Assets (YTD, annualized)

0.25%-21 bps YoY

Net Interest Margin (YTD, annualized)

2.95%+115 bps YoY

Efficiency Ratio (YTD, annualized)

93.17%+552 bps YoY

Tier 1 Leverage Ratio

25.49%
n/a

NIM

2.04%Q1 ’132.04%Q1 ’142.78%Q1 ’15+9%+64%

Non-interest income vs. expense

7.94%Q1 ’135.43%Q1 ’145.70%Q1 ’15-63%+104%

Year to date, annualized, through each quarter.

MetricQ2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015YoY ΔTrend
Earnings
Return on Assets-1.45%-1.08%14.99%0.47%0.61%0.70%0.56%0.25%-21 bps
Return on Equity-8.59%-6.34%74.91%1.51%1.91%2.17%1.71%0.71%-80 bps
Net Interest Margin1.86%1.91%1.99%1.80%1.87%1.91%2.12%2.95%+115 bps
Efficiency Ratio117.49%109.49%109.69%87.65%84.46%82.24%87.22%93.17%+552 bps
Non-Interest Burden3.02%2.58%2.69%1.04%0.88%0.80%1.27%2.12%+108 bps
Growth
Asset Growth (YoY)-9.16%-12.79%-1.40%0.75%-0.85%9.34%-11.61%-11.94%-1,269 bps
Loan Growth (YoY)-62.20%-56.73%-32.15%-28.65%53.18%53.55%-4.86%-8.23%+2,042 bps
Deposit Growth (YoY)-5.92%-10.88%-17.56%-15.49%-19.76%-9.68%-17.84%-18.01%-253 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans52.10%33.26%17.23%0.57%0.90%0.80%1.03%0.61%+4 bps
Allowance / Loans6.37%5.66%4.75%4.62%4.40%3.88%3.97%3.97%-65 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a25.49%n/an/a
Total Risk-Based Capital48.10%46.98%36.45%36.85%38.74%37.80%41.28%46.61%+976 bps
Equity / Assets16.69%17.73%31.26%31.03%33.40%32.85%36.20%35.97%+494 bps
Liquidity & Funding
Loans / Deposits31.19%36.84%56.23%55.13%59.55%62.62%65.11%61.71%+658 bps
Liquid Assets / Assets30.56%24.19%20.57%21.65%18.61%19.38%17.01%20.07%-158 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a