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Community Bank of Manatee

Bradenton, FL · Cert 34092

FDIC · 33 branches

Q2 2016

$1.7BAssets
$1.4BLoans
$1.3BDeposits
$201.8MEquity
Loan mix
89%RE $822.7M6%C&I $52.6M5%Consumer $50.5MQ3 2014Q2 2016
Deposit mix
72%Interest-bearing $925.3M28%Noninterest $366.7MQ3 2014Q2 2016

Market Position · Tampa-St. Petersburg-Clearwater, FL · 2016 SOD (annual) · 1.0% share · #14 of 64 inst. · $0.8B of $77.3B

1.6% Pinellas
0.5% Hillsborough
2.5% Manatee
0.1% Miami-Dade

Executive Summary

  • Earnings: ROA of 1.26%, up 27 bps year over year; NIM at 4.15%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.08%.
  • Capital: tier 1 leverage ratio of 11.54%, down 43 bps from a year ago.
  • Funding: loans stand at 106.62% of deposits as of Q2 2016.

Return on Assets (YTD, annualized)

1.26%+27 bps YoY

Net Interest Margin (YTD, annualized)

4.15%+14 bps YoY

Efficiency Ratio (YTD, annualized)

58.61%-271 bps YoY

Tier 1 Leverage Ratio

11.54%-43 bps YoY

NIM

4.33%Q2 ’144.57%Q2 ’154.73%Q2 ’16+7%+4%

Non-interest income vs. expense

3.00%Q2 ’142.93%Q2 ’152.72%Q2 ’16-12%+3%

Year to date, annualized, through each quarter.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016YoY ΔTrend
Earnings
Return on Assets0.50%0.46%0.81%0.99%1.06%1.03%1.19%1.26%+27 bps
Return on Equity4.92%4.37%6.77%8.35%8.98%8.83%10.82%11.18%+283 bps
Net Interest Margin3.64%3.59%3.95%4.01%3.99%3.93%4.15%4.15%+14 bps
Efficiency Ratio69.88%72.54%68.37%61.32%60.45%61.97%59.90%58.61%-271 bps
Non-Interest Burden2.43%2.56%2.60%2.20%2.18%2.24%2.34%2.25%+6 bps
Growth
Asset Growth (YoY)20.15%16.11%13.01%15.77%10.62%12.20%11.84%1.85%-1,392 bps
Loan Growth (YoY)18.19%12.78%20.16%27.99%22.46%21.34%16.17%1.60%-2,639 bps
Deposit Growth (YoY)13.91%12.20%7.63%7.14%8.54%10.17%12.67%6.20%-95 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 / Loans0.33%0.25%-0.09%-0.13%-0.12%-0.11%-0.19%-0.08%+5 bps
Allowance / Loans0.48%0.45%0.46%0.57%0.57%0.56%0.56%0.53%-4 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a11.96%11.97%11.75%10.97%11.13%11.54%-43 bps
Total Risk-Based Capital15.39%14.68%13.96%13.55%14.00%13.19%13.33%14.70%+115 bps
Equity / Assets11.92%12.10%11.84%11.56%11.61%11.07%10.98%11.81%+26 bps
Liquidity & Funding
Loans / Deposits97.01%101.40%104.27%111.45%109.45%111.69%107.51%106.62%-483 bps
Liquid Assets / Assets17.38%10.82%10.25%8.74%9.25%7.04%9.40%10.35%+161 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a