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Hillsboro Bank

Plant City, FL · Cert 34747

FDIC · 3 branches

Q3 2021

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 2021, the quarter ended September 30, 2021, 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

Hillsboro Bank

Plant City, FL · Cert 34747

FDIC · 3 branches

Q3 2021

$226.1MAssets
$73.1MLoans
$200.8MDeposits
$22.6MEquity
Loan mix
87%RE $48.8M9%C&I $5.2M4%Consumer $2.0MQ3 2020Q3 2021
Deposit mix
62%Interest-bearing $123.9M38%Noninterest $76.9MQ3 2020Q3 2021

NIM

3.97%Q3 ’192.95%Q3 ’202.08%Q3 ’21-27%-27%

Non-interest income vs. expense

1.95%Q3 ’191.65%Q3 ’202.05%Q3 ’21-10%+43%

Market Position · Tampa-St. Petersburg-Clearwater, FL · 2021 SOD (annual) · 0.2% share · #34 of 56 inst. · $0.2B of $117.0B

0.5% Hillsborough
0.0% Pasco

Executive Summary

  • Earnings: ROA of 0.01%, down 103 bps year over year; NIM at 1.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.13%, down 231 bps from a year ago.
  • Funding: loans stand at 36.40% of deposits as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

0.01%1-103 bps YoY

Net Interest Margin (YTD, annualized)

1.94%-71 bps YoY

Efficiency Ratio (YTD, annualized)

113.99%+5,440 bps YoY

Tier 1 Leverage Ratio

9.13%-231 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets1.04%1.02%0.68%0.61%0.01%1-103 bps
Return on Equity8.08%8.00%5.74%5.52%0.07%-801 bps
Net Interest Margin2.65%2.69%2.50%2.15%1.94%-71 bps
Efficiency Ratio59.59%59.56%69.19%69.69%113.99%+5,440 bps
Non-Interest Burden1.53%1.55%1.69%1.47%2.20%+66 bps
Growth
Asset Growth (YoY)15.81%24.03%31.11%28.79%26.67%+1,086 bps
Loan Growth (YoY)0.51%1.36%1.61%-5.25%-7.44%-795 bps
Deposit Growth (YoY)17.40%27.15%33.45%32.16%29.92%+1,252 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.05%0.00%0 bps
Net Charge-Offs / Loans0.01%0.00%0.00%0.00%0.00%-1 bps
Allowance / Loans1.30%1.25%1.29%1.39%1.40%+11 bps
Allowance Coverage of NPLsn/an/an/a29.3xn/an/a
Capital
Tier 1 Leverage Ratio11.44%11.90%11.44%10.22%9.13%-231 bps
Total Risk-Based Capital23.86%23.27%23.37%22.72%28.09%+424 bps
Equity / Assets12.59%12.07%11.50%9.92%10.00%-260 bps
Liquidity & Funding
Loans / Deposits51.10%49.54%44.98%34.63%36.40%-1,469 bps
Liquid Assets / Assets25.26%28.57%32.25%44.81%46.32%+2,107 bps
CRE / Total Capitaln/an/an/an/an/an/an/a