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Marine Bank & Trust Company

Vero Beach, FL · Cert 34233 · Marine Bcorp of Florida Inc.

State charter, non-member · FDIC · 5 branches

Q4 2025

$657.3MAssets
$475.6MLoans
$580.8MDeposits
$51.8MEquity
Loan mix
94%RE $434.8M6%C&I $29.0M0%Consumer $0.7MQ1 2024Q4 2025
Deposit mix
74%Interest-bearing $427.7M26%Noninterest $153.1MQ1 2024Q4 2025

Market Position · Sebastian-Vero Beach-West Vero Corridor, FL · 2025 SOD (annual) · 7.6% share · #7 of 17 inst. · $0.5B of $5.9B

7.6% Indian River
0.6% Brevard
0.9% St. Lucie

Executive Summary

  • Earnings: ROA of 0.67%, up 17 bps year over year; NIM at 2.75%.
  • Asset quality: problem loans at 0.02% of loans (+2 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.92%, up 79 bps from a year ago.
  • Funding: loans stand at 81.89% of deposits as of Q4 2025.

Return on Assets (YTD, annualized)

0.67%+17 bps YoY

Net Interest Margin (YTD, annualized)

2.75%+26 bps YoY

Efficiency Ratio (YTD, annualized)

71.24%-312 bps YoY

Tier 1 Leverage Ratio

9.92%+79 bps YoY

NIM

4.20%Q4 ’234.58%Q4 ’244.55%Q4 ’25-11%+10%

Non-interest income vs. expense

2.01%Q4 ’232.08%Q4 ’242.18%Q4 ’25+4%+5%

Year to date, annualized, through each quarter.

MetricQ1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025YoY ΔTrend
Earnings
Return on Assets0.59%0.52%0.48%0.50%0.58%0.61%0.63%0.67%+17 bps
Return on Equity9.72%8.41%7.52%7.77%8.70%8.94%8.96%9.32%+155 bps
Net Interest Margin2.51%2.46%2.48%2.49%2.67%2.71%2.75%2.75%+26 bps
Efficiency Ratio69.70%72.99%74.76%74.36%74.30%73.46%72.72%71.24%-312 bps
Non-Interest Burden1.66%1.72%1.78%1.78%1.91%1.91%1.91%1.87%+9 bps
Growth
Asset Growth (YoY)2.07%-2.42%2.11%-1.29%-3.56%-1.57%-2.64%1.76%+305 bps
Loan Growth (YoY)1.64%0.17%1.64%-1.05%0.58%1.37%1.51%5.98%+703 bps
Deposit Growth (YoY)-0.90%-2.74%-2.09%-2.52%0.01%0.24%1.26%2.06%+458 bps
Asset Quality
Nonperforming Loans / Loans0.03%0.03%0.03%0.00%0.00%0.00%0.00%0.02%+2 bps
Net Charge-Offs / Loans0.00%0.01%0.01%0.00%0.00%0.00%0.00%0.01%+1 bps
Allowance / Loans1.50%1.53%1.52%1.54%1.54%1.53%1.51%1.44%-10 bps
Allowance Coverage of NPLs55.7x56.4x57.0xn/an/an/an/a70.5xn/a
Capital
Tier 1 Leverage Ratio8.42%8.67%9.00%9.13%9.33%9.60%9.89%9.92%+79 bps
Total Risk-Based Capital14.92%15.18%15.26%15.32%15.56%15.64%15.78%15.96%+64 bps
Equity / Assets5.92%6.36%6.98%6.56%6.80%7.08%7.64%7.88%+132 bps
Liquidity & Funding
Loans / Deposits74.64%77.94%79.24%78.87%75.07%78.81%79.43%81.89%+303 bps
Liquid Assets / Assets6.13%2.55%2.67%4.10%3.58%1.66%2.22%2.47%-164 bps
CRE / Total Capitaln/an/an/an/an/an/a307%307%n/a