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Bay Cities Bank

Tampa, FL · Cert 35066

FDIC · 6 branches

Q3 2015

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 2015, the quarter ended September 30, 2015, 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

Bay Cities Bank

Tampa, FL · Cert 35066

FDIC · 6 branches

Q3 2015

$530.4MAssets
$422.4MLoans
$473.7MDeposits
$49.7MEquity
Loan mix
80%RE $238.4M18%C&I $54.1M1%Consumer $3.9MQ3 2014Q3 2015
Deposit mix
77%Interest-bearing $363.2M23%Noninterest $110.5MQ3 2014Q3 2015

NIM

4.17%Q3 ’133.96%Q3 ’143.95%Q3 ’15-3%+3%

Non-interest income vs. expense

3.49%Q3 ’132.94%Q3 ’143.73%Q3 ’15+3%+32%

Market Position · Tampa-St. Petersburg-Clearwater, FL · 2015 SOD (annual) · 0.7% share · #19 of 66 inst. · $0.5B of $69.9B

1.3% Hillsborough
0.4% Pinellas
0.2% Sarasota

Executive Summary

  • Earnings: ROA of -0.64%, down 143 bps year over year; NIM at 3.55%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.27%.
  • Capital: tier 1 leverage ratio of 7.55%.
  • Funding: loans stand at 89.15% of deposits as of Q3 2015.

Financial Results

Return on Assets (YTD, annualized)

-0.64%-143 bps YoY

Net Interest Margin (YTD, annualized)

3.55%+10 bps YoY

Efficiency Ratio (YTD, annualized)

96.53%+1,993 bps YoY

Tier 1 Leverage Ratio

7.55%

Year to date, annualized, through each quarter.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015YoY ΔTrend
Earnings
Return on Assets0.79%0.81%0.95%0.09%-0.64%-143 bps
Return on Equity6.53%6.57%7.38%0.70%-5.44%-1,197 bps
Net Interest Margin3.45%3.79%3.76%3.48%3.55%+10 bps
Efficiency Ratio76.60%75.14%63.24%70.74%96.53%+1,993 bps
Non-Interest Burden2.55%2.76%2.14%2.32%3.38%+82 bps
Growth
Asset Growth (YoY)11.12%-2.02%1.17%6.80%-2.31%-1,343 bps
Loan Growth (YoY)4.03%8.74%7.68%14.30%13.15%+911 bps
Deposit Growth (YoY)10.30%-3.32%3.05%9.29%3.25%-704 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.00%0.01%0.01%1.27%+128 bps
Allowance / Loans1.17%1.17%1.23%1.89%1.35%+19 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a12.25%10.98%7.55%n/a
Total Risk-Based Capital16.24%15.93%15.69%14.48%10.02%-622 bps
Equity / Assets12.21%13.04%12.76%11.82%9.37%-284 bps
Liquidity & Funding
Loans / Deposits81.36%91.67%84.89%82.68%89.15%+780 bps
Liquid Assets / Assets15.23%9.73%12.98%7.52%7.60%-763 bps
CRE / Total Capitaln/an/an/an/an/an/an/a