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Englewood Bank

Englewood, FL · Cert 27205

FDIC · 5 branches

Q2 2023

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: Q2 2023, the quarter ended June 30, 2023, 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

Englewood Bank

Englewood, FL · Cert 27205

FDIC · 5 branches

Q2 2023

$552.8MAssets
$194.3MLoans
$507.6MDeposits
$43.3MEquity
Loan mix
97%RE $146.9M1%C&I $2.1M2%Consumer $2.4MQ2 2022Q2 2023
Deposit mix
45%Interest-bearing $229.3M55%Noninterest $278.3MQ2 2022Q2 2023

NIM

2.24%Q2 ’211.90%Q2 ’224.24%Q2 ’23-15%+114%

Non-interest income vs. expense

1.89%Q2 ’211.77%Q2 ’221.98%Q2 ’23+12%+25%

Market Position · North Port-Bradenton-Sarasota, FL · 2023 SOD (annual) · 0.8% share · #24 of 40 inst. · $0.2B of $30.1B

1.2% Sarasota
3.3% Charlotte
0.3% Lee

Executive Summary

  • Earnings: ROA of 1.92%, up 140 bps year over year; NIM at 4.00%.
  • Asset quality: problem loans at 0.00% of loans (-19 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.14%, up 107 bps from a year ago.
  • Funding: loans stand at 38.29% of deposits as of Q2 2023.

Financial Results

Return on Assets (YTD, annualized)

1.92%+140 bps YoY

Net Interest Margin (YTD, annualized)

4.00%+213 bps YoY

Efficiency Ratio (YTD, annualized)

44.52%-2,891 bps YoY

Tier 1 Leverage Ratio

8.14%+107 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2022Q3 2022Q4 2022Q1 2023Q2 2023YoY ΔTrend
Earnings
Return on Assets0.52%0.75%1.02%1.95%1.92%+140 bps
Return on Equity7.57%10.84%14.70%26.80%25.79%+1,822 bps
Net Interest Margin1.87%2.19%2.53%3.81%4.00%+213 bps
Efficiency Ratio73.43%65.76%58.28%42.38%44.52%-2,891 bps
Non-Interest Burden1.23%1.26%1.27%1.36%1.53%+30 bps
Growth
Asset Growth (YoY)16.11%12.46%13.72%3.18%-5.84%-2,194 bps
Loan Growth (YoY)-7.31%-2.73%2.51%12.91%5.90%+1,321 bps
Deposit Growth (YoY)17.20%13.42%14.43%2.03%-7.30%-2,450 bps
Asset Quality
Nonperforming Loans / Loans0.19%0.12%0.07%0.07%0.00%-19 bps
Net Charge-Offs / Loans-0.04%-0.03%-0.02%0.00%0.00%+4 bps
Allowance / Loans1.32%1.28%1.28%1.27%1.24%-7 bps
Allowance Coverage of NPLs6.9x10.8x19.3x19.3xn/an/a
Capital
Tier 1 Leverage Ratio7.07%7.49%7.66%8.00%8.14%+107 bps
Total Risk-Based Capital21.90%23.17%23.59%25.10%23.50%+160 bps
Equity / Assets6.55%6.96%6.95%7.62%7.83%+128 bps
Liquidity & Funding
Loans / Deposits33.51%35.69%34.16%34.64%38.29%+477 bps
Liquid Assets / Assets56.83%54.19%57.06%55.04%51.67%-515 bps
CRE / Total Capitaln/an/an/an/an/an/an/a