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Oceanside Bank

Jacksonville Beach, FL · Cert 34284

FDIC

Q3 2010

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 2010, the quarter ended September 30, 2010, 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 2026-10-10

Oceanside Bank

Jacksonville Beach, FL · Cert 34284

FDIC

Q3 2010

$257.4MAssets
$187.4MLoans
$233.7MDeposits
$13.5MEquity
Loan mix
93%RE $143.6M7%C&I $11.3M0%Consumer $0.2MQ3 2009Q3 2010
Deposit mix
86%Interest-bearing $200.8M14%Noninterest $32.9MQ3 2009Q3 2010

NIM

5.95%Q3 ’084.30%Q3 ’094.85%Q3 ’10-20%+48%

Non-interest income vs. expense

2.71%Q3 ’082.52%Q3 ’092.74%Q3 ’10-1%+11%

Executive Summary

  • Earnings: ROA of 0.02%, up 95 bps year over year; NIM at 3.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.06%.
  • Funding: loans stand at 80.19% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

0.02%+95 bps YoY

Net Interest Margin (YTD, annualized)

3.22%+105 bps YoY

Efficiency Ratio (YTD, annualized)

78.56%-2,335 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-0.93%-2.34%-0.57%-0.03%0.02%+95 bps
Return on Equity-14.17%-38.34%-13.02%-0.57%0.38%+1,455 bps
Net Interest Margin2.17%2.31%2.93%3.12%3.22%+105 bps
Efficiency Ratio101.92%102.12%80.51%83.09%78.56%-2,335 bps
Non-Interest Burden2.22%2.36%2.31%2.55%2.47%+25 bps
Growth
Asset Growth (YoY)23.98%11.09%3.00%-9.35%-21.03%-4,501 bps
Loan Growth (YoY)-2.62%-2.94%-5.31%-8.09%-7.82%-520 bps
Deposit Growth (YoY)40.71%12.56%7.11%-8.34%-20.33%-6,104 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.36%1.86%1.53%2.61%2.06%-31 bps
Allowance / Loans2.00%3.25%3.39%2.61%2.79%+79 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital8.49%7.68%7.74%8.20%8.39%-10 bps
Equity / Assets5.42%4.30%4.38%4.86%5.24%-18 bps
Liquidity & Funding
Loans / Deposits69.31%74.43%75.99%77.64%80.19%+1,088 bps
Liquid Assets / Assets18.15%14.29%15.31%14.49%12.59%-556 bps
CRE / Total Capitaln/an/an/an/an/an/an/a