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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

5.77%Q3 ’084.27%Q3 ’094.71%Q3 ’10-23%+54%

Non-interest income vs. expense

2.73%Q3 ’082.80%Q3 ’092.42%Q3 ’10+9%-12%

Executive Summary

  • Earnings: ROA of 0.11%, up 285 bps year over year; NIM at 3.21%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.84%.
  • Funding: loans stand at 80.19% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

0.11%+285 bps YoY

Net Interest Margin (quarter, annualized)

3.21%+112 bps YoY

Efficiency Ratio (quarter, annualized)

69.46%-4,523 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-2.74%-6.22%-0.57%0.54%0.11%+285 bps
Return on Equity-46.14%-127.24%-13.02%11.61%2.21%+4,835 bps
Net Interest Margin2.09%2.60%2.93%3.18%3.21%+112 bps
Efficiency Ratio114.70%102.94%80.51%85.51%69.46%-4,523 bps
Non-Interest Burden2.45%2.65%2.31%2.68%2.15%-30 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 / Loans6.67%0.26%1.53%3.65%0.84%-584 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