PackageTrendsPeer
Letter portraitLegal landscape

Terrace Bank of Florida, The

Tampa, FL · Cert 27045

FDIC · 6 branches

Q3 2021

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: Q3 2021, the quarter ended September 30, 2021, 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

Terrace Bank of Florida, The

Tampa, FL · Cert 27045

FDIC · 6 branches

Q3 2021

$638.3MAssets
$518.8MLoans
$556.7MDeposits
$58.4MEquity
Loan mix
32%RE $140.4M46%C&I $203.4M22%Consumer $97.0MQ3 2020Q3 2021
Deposit mix
70%Interest-bearing $391.1M30%Noninterest $165.7MQ3 2020Q3 2021

NIM

4.12%Q3 ’193.62%Q3 ’203.97%Q3 ’21+19%+8%

Non-interest income vs. expense

2.54%Q3 ’191.93%Q3 ’202.10%Q3 ’21-44%-47%

Market Position · Tampa-St. Petersburg-Clearwater, FL · 2021 SOD (annual) · 0.4% share · #26 of 56 inst. · $0.5B of $117.0B

0.9% Hillsborough
0.1% Pinellas
0.4% Polk

Executive Summary

  • Earnings: ROA of 2.18%, up 101 bps year over year; NIM at 3.74%.
  • Asset quality: problem loans at 0.08% of loans (+3 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.45%, down 30 bps from a year ago.
  • Funding: loans stand at 93.19% of deposits as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

2.18%+101 bps YoY

Net Interest Margin (YTD, annualized)

3.74%+26 bps YoY

Efficiency Ratio (YTD, annualized)

41.28%-1,077 bps YoY

Tier 1 Leverage Ratio

9.45%-30 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets1.17%1.16%1.74%1.90%2.18%+101 bps
Return on Equity12.81%12.91%20.93%22.41%25.21%+1,240 bps
Net Interest Margin3.48%3.32%3.74%3.68%3.74%+26 bps
Efficiency Ratio52.05%52.77%43.31%42.64%41.28%-1,077 bps
Non-Interest Burden1.20%1.16%0.74%0.74%0.64%-56 bps
Growth
Asset Growth (YoY)37.74%42.13%43.98%10.33%8.77%-2,897 bps
Loan Growth (YoY)41.26%39.27%51.89%10.78%7.44%-3,382 bps
Deposit Growth (YoY)22.51%30.91%30.70%16.66%28.51%+600 bps
Asset Quality
Nonperforming Loans / Loans0.05%0.05%0.09%0.10%0.08%+3 bps
Net Charge-Offs / Loans0.13%0.11%-0.03%-0.02%0.01%-12 bps
Allowance / Loans0.79%0.83%0.82%0.89%0.89%+10 bps
Allowance Coverage of NPLs16.3x17.9x9.3x8.8x11.2x-5.1x
Capital
Tier 1 Leverage Ratio9.75%9.80%9.52%9.32%9.45%-30 bps
Total Risk-Based Capital9.75%9.80%9.52%9.32%9.45%-30 bps
Equity / Assets8.52%8.48%8.14%8.83%9.15%+63 bps
Liquidity & Funding
Loans / Deposits111.47%101.68%105.87%97.21%93.19%-1,828 bps
Liquid Assets / Assets1.82%1.42%1.24%3.29%6.73%+492 bps
CRE / Total Capitaln/an/an/an/an/an/an/a