PackageTrendsPeer
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Independent Community Bank

Tequesta, FL · Cert 34649

FDIC

Q4 2006

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: Q4 2006, the quarter ended December 31, 2006, 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

Independent Community Bank

Tequesta, FL · Cert 34649

FDIC

Q4 2006

$136.5MAssets
$110.9MLoans
$108.7MDeposits
$14.5MEquity
Loan mix
61%RE $13.4M38%C&I $8.4M0%Consumer $0.0MQ4 2005Q4 2006
Deposit mix
85%Interest-bearing $92.0M15%Noninterest $16.7MQ4 2005Q4 2006

NIM

4.24%Q4 ’045.92%Q4 ’057.52%Q4 ’06+31%+14%

Non-interest income vs. expense

1.90%Q4 ’041.85%Q4 ’052.23%Q4 ’06-3%+23%

Executive Summary

  • Earnings: ROA of 1.52%, up 41 bps year over year; NIM at 4.61%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 101.99% of deposits as of Q4 2006.

Financial Results

Return on Assets (YTD, annualized)

1.52%+41 bps YoY

Net Interest Margin (YTD, annualized)

4.61%+56 bps YoY

Efficiency Ratio (YTD, annualized)

47.41%+303 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets1.10%1.48%1.57%1.56%1.52%+41 bps
Return on Equity12.23%16.73%16.96%16.04%15.29%+306 bps
Net Interest Margin4.05%4.54%4.57%4.80%4.61%+56 bps
Efficiency Ratio44.37%46.95%45.09%46.40%47.41%+303 bps
Non-Interest Burden1.74%2.08%2.01%2.17%2.14%+39 bps
Growth
Asset Growth (YoY)36.86%13.61%-2.54%-4.64%-6.76%-4,362 bps
Loan Growth (YoY)35.69%22.79%5.08%2.62%1.63%-3,405 bps
Deposit Growth (YoY)37.50%10.90%-2.46%-7.60%-12.39%-4,989 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%0.00%0.00%0.00%0.00%+2 bps
Allowance / Loans1.37%1.37%1.38%1.39%1.35%-2 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 Capital11.74%12.48%12.88%13.50%13.55%+180 bps
Equity / Assets8.31%9.47%10.10%11.33%10.63%+232 bps
Liquidity & Funding
Loans / Deposits87.92%97.26%101.60%108.71%101.99%+1,407 bps
Liquid Assets / Assets16.23%8.26%6.14%1.73%8.64%-759 bps
CRE / Total Capitaln/an/an/an/an/an/an/a