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Old Florida Bank

Fort Myers, FL · Cert 34801

FDIC

Q1 2007

$275.8MAssets
$226.1MLoans
$242.7MDeposits
$26.7MEquity
Loan mix
96%RE $154.2M4%C&I $5.8M0%Consumer $0.2MQ1 2006Q1 2007
Deposit mix
91%Interest-bearing $219.8M9%Noninterest $23.0MQ1 2006Q1 2007

NIM

5.51%Q1 ’056.76%Q1 ’067.21%Q1 ’07+5%-1%

Non-interest income vs. expense

2.44%Q1 ’052.39%Q1 ’062.58%Q1 ’07+1%+5%

Executive Summary

  • Earnings: ROA of 0.80%, down 9 bps year over year; NIM at 3.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 93.16% of deposits as of Q1 2007.

Financial Results

Return on Assets (YTD, annualized)

0.80%-9 bps YoY

Net Interest Margin (YTD, annualized)

3.50%-5 bps YoY

Efficiency Ratio (YTD, annualized)

67.14%+505 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets0.89%0.93%0.94%0.83%0.80%-9 bps
Return on Equity12.10%12.56%12.27%10.44%8.48%-362 bps
Net Interest Margin3.55%3.50%3.69%3.78%3.50%-5 bps
Efficiency Ratio62.08%61.33%61.26%65.52%67.14%+505 bps
Non-Interest Burden2.15%2.08%2.20%2.42%2.26%+10 bps
Growth
Asset Growth (YoY)33.89%16.98%-3.45%-8.35%-17.84%-5,172 bps
Loan Growth (YoY)27.06%17.28%1.93%-7.89%-12.67%-3,973 bps
Deposit Growth (YoY)35.68%15.43%-5.11%-9.55%-17.73%-5,340 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.11%-0.06%-0.04%-0.02%0.04%+15 bps
Allowance / Loans1.04%1.06%1.06%1.12%1.17%+13 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 Capital10.93%11.44%11.91%12.78%14.07%+315 bps
Equity / Assets7.20%7.64%8.36%9.10%9.70%+250 bps
Liquidity & Funding
Loans / Deposits87.76%89.59%95.08%97.22%93.16%+540 bps
Liquid Assets / Assets1.57%2.48%2.66%2.60%2.71%+113 bps
CRE / Total Capitaln/an/an/an/an/an/an/a