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First Citrus Bank

Tampa, FL · Cert 34899

FDIC · 6 branches

Q3 2022

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 2022, the quarter ended September 30, 2022, 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

First Citrus Bank

Tampa, FL · Cert 34899

FDIC · 6 branches

Q3 2022

$692.1MAssets
$404.1MLoans
$627.6MDeposits
$57.8MEquity
Loan mix
86%RE $208.8M14%C&I $34.9M0%Consumer $0.1MQ3 2021Q3 2022
Deposit mix
65%Interest-bearing $406.2M35%Noninterest $221.4MQ3 2021Q3 2022

NIM

3.52%Q3 ’203.70%Q3 ’213.38%Q3 ’22+5%-7%

Non-interest income vs. expense

2.06%Q3 ’202.16%Q3 ’212.50%Q3 ’22-6%+25%

Market Position · Tampa-St. Petersburg-Clearwater, FL · 2022 SOD (annual) · 0.5% share · #21 of 54 inst. · $0.6B of $130.7B

1.3% Hillsborough
0.0% Pinellas

Executive Summary

  • Earnings: ROA of 0.87%, down 45 bps year over year; NIM at 3.24%.
  • 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 8.25%, up 28 bps from a year ago.
  • Funding: loans stand at 64.38% of deposits as of Q3 2022.

Financial Results

Return on Assets (YTD, annualized)

0.87%-45 bps YoY

Net Interest Margin (YTD, annualized)

3.24%-23 bps YoY

Efficiency Ratio (YTD, annualized)

68.20%+1,380 bps YoY

Tier 1 Leverage Ratio

8.25%+28 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets1.32%1.18%0.94%0.79%0.87%-45 bps
Return on Equity16.44%14.71%11.67%9.81%10.72%-573 bps
Net Interest Margin3.47%3.38%3.13%3.00%3.24%-23 bps
Efficiency Ratio54.40%57.63%65.66%69.65%68.20%+1,380 bps
Non-Interest Burden1.65%1.75%1.82%1.94%2.07%+42 bps
Growth
Asset Growth (YoY)18.97%24.79%12.37%10.41%2.85%-1,613 bps
Loan Growth (YoY)-3.54%-7.62%-16.70%-13.21%-4.52%-97 bps
Deposit Growth (YoY)30.53%25.35%12.66%10.62%1.77%-2,875 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.02%0.00%0.00%0.00%-2 bps
Allowance / Loans0.88%1.00%1.03%1.06%1.05%+17 bps
Allowance Coverage of NPLsn/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio7.97%8.02%8.21%8.04%8.25%+28 bps
Total Risk-Based Capital13.78%13.98%13.93%13.99%13.96%+18 bps
Equity / Assets7.74%8.09%7.98%8.04%8.36%+62 bps
Liquidity & Funding
Loans / Deposits68.62%66.27%63.37%61.81%64.38%-424 bps
Liquid Assets / Assets33.70%36.08%38.53%40.06%38.08%+438 bps
CRE / Total Capitaln/an/an/an/an/an/an/a