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First Southern Bank

Boca Raton, FL · Cert 27044

FDIC

Q1 2014

$1.0BAssets
$630.9MLoans
$882.0MDeposits
$157.2MEquity
Loan mix
91%RE $244.3M9%C&I $24.1M0%Consumer $0.5MQ1 2013Q1 2014
Deposit mix
74%Interest-bearing $652.4M26%Noninterest $229.6MQ1 2013Q1 2014

NIM

4.63%Q1 ’123.66%Q1 ’133.60%Q1 ’14-20%+1%

Non-interest income vs. expense

4.96%Q1 ’123.34%Q1 ’133.20%Q1 ’14-30%+2%

Executive Summary

  • Earnings: ROA of 0.77%, up 56 bps year over year; NIM at 3.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.11%.
  • Funding: loans stand at 71.53% of deposits as of Q1 2014.

Financial Results

Return on Assets (YTD, annualized)

0.77%+56 bps YoY

Net Interest Margin (YTD, annualized)

3.24%+3 bps YoY

Efficiency Ratio (YTD, annualized)

99.21%+153 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets0.20%0.12%0.27%0.30%0.77%+56 bps
Return on Equity1.28%0.79%1.75%1.97%5.13%+386 bps
Net Interest Margin3.21%3.09%3.09%3.11%3.24%+3 bps
Efficiency Ratio97.68%102.32%105.80%106.81%99.21%+153 bps
Non-Interest Burden3.15%3.19%3.28%3.33%3.23%+7 bps
Growth
Asset Growth (YoY)2.00%4.11%4.31%3.62%4.69%+269 bps
Loan Growth (YoY)-6.33%0.61%4.13%17.59%18.22%+2,455 bps
Deposit Growth (YoY)3.40%5.99%6.19%4.62%5.51%+212 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.08%1.29%0.53%0.32%-0.11%-19 bps
Allowance / Loans3.69%2.80%2.58%2.03%1.76%-194 bps
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 Capital22.39%21.31%21.10%19.92%20.37%-202 bps
Equity / Assets15.75%14.94%14.82%14.72%15.08%-67 bps
Liquidity & Funding
Loans / Deposits63.84%63.92%63.33%71.65%71.53%+769 bps
Liquid Assets / Assets15.61%12.05%13.12%9.88%11.30%-431 bps
CRE / Total Capitaln/an/an/an/an/an/an/a