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Southbank, A Federal Savings Bank

Palm Beach Gardens, FL · Cert 33848

FDIC · 1 branch

Q2 2015

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 2015, the quarter ended June 30, 2015, 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

Southbank, A Federal Savings Bank

Palm Beach Gardens, FL · Cert 33848

FDIC · 1 branch

Q2 2015

$18.7MAssets
$2.1MLoans
$17.0MDeposits
$1.6MEquity
Deposit mix
98%Interest-bearing $16.6M2%Noninterest $0.3MQ2 2014Q2 2015

NIM

1.95%Q2 ’132.00%Q2 ’141.54%Q2 ’15+8%-33%

Non-interest income vs. expense

2.65%Q2 ’133.25%Q2 ’143.83%Q2 ’15-42%+22%

Market Position · Miami-Fort Lauderdale-West Palm Beach, FL · 2015 SOD (annual) · 0.0% share · #96 of 105 inst. · $0.0B of $207.5B

Executive Summary

  • Earnings: ROA of -2.65%, down 96 bps year over year; NIM at 0.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.91%.
  • Funding: loans stand at 12.23% of deposits as of Q2 2015.

Financial Results

Return on Assets (YTD, annualized)

-2.65%-96 bps YoY

Net Interest Margin (YTD, annualized)

0.80%-39 bps YoY

Efficiency Ratio (YTD, annualized)

332%+12,897 bps YoY

Tier 1 Leverage Ratio

8.91%

Year to date, annualized, through each quarter.

MetricQ2 2014Q3 2014Q4 2014Q1 2015Q2 2015YoY ΔTrend
Earnings
Return on Assets-1.68%-1.61%-1.69%-2.44%-2.65%-96 bps
Return on Equity-23.66%-22.00%-22.50%-28.19%-30.72%-705 bps
Net Interest Margin1.19%1.07%1.01%0.74%0.80%-39 bps
Efficiency Ratio203%220%229%327%332%+12,897 bps
Non-Interest Burden2.84%2.82%2.82%3.14%3.48%+64 bps
Growth
Asset Growth (YoY)-1.58%0.27%-3.99%-11.84%-17.70%-1,613 bps
Loan Growth (YoY)-18.47%-27.19%-31.89%-12.81%-32.73%-1,426 bps
Deposit Growth (YoY)-3.72%-0.90%-6.66%-13.66%-18.48%-1,477 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.65%1.89%1.91%1.88%2.46%+80 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/a8.78%8.91%n/a
Total Risk-Based Capital29.96%30.47%28.53%28.24%31.77%+181 bps
Equity / Assets8.02%7.87%8.43%8.88%8.56%+54 bps
Liquidity & Funding
Loans / Deposits14.82%13.07%13.55%14.70%12.23%-259 bps
Liquid Assets / Assets33.58%47.92%47.81%49.78%55.18%+2,160 bps
CRE / Total Capitaln/an/an/an/an/an/an/a