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Gulfstream Business Bank

Stuart, FL · Cert 35092

FDIC

Q4 2013

$543.0MAssets
$376.3MLoans
$468.9MDeposits
$61.4MEquity
Loan mix
68%RE $210.2M32%C&I $98.4M0%Consumer $1.4MQ4 2012Q4 2013
Deposit mix
64%Interest-bearing $298.3M36%Noninterest $170.7MQ4 2012Q4 2013

NIM

4.43%Q4 ’113.78%Q4 ’123.61%Q4 ’13-7%-2%

Non-interest income vs. expense

1.92%Q4 ’112.22%Q4 ’123.36%Q4 ’13+14%+68%

Executive Summary

  • Earnings: ROA of 0.48%, down 86 bps year over year; NIM at 3.26%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.29%.
  • Funding: loans stand at 80.24% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

0.48%-86 bps YoY

Net Interest Margin (quarter, annualized)

3.26%-8 bps YoY

Efficiency Ratio (quarter, annualized)

95.66%+3,584 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets1.34%0.42%1.03%0.97%0.48%-86 bps
Return on Equity11.25%3.48%8.59%8.05%4.11%-714 bps
Net Interest Margin3.34%3.23%3.09%3.19%3.26%-8 bps
Efficiency Ratio59.82%63.80%49.92%57.51%95.66%+3,584 bps
Non-Interest Burden1.85%1.90%1.34%1.68%3.11%+126 bps
Growth
Asset Growth (YoY)0.68%0.48%7.49%5.39%-1.20%-188 bps
Loan Growth (YoY)-1.43%-0.70%-1.15%1.35%4.66%+609 bps
Deposit Growth (YoY)8.21%1.36%7.77%4.69%-1.11%-932 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.60%3.56%0.14%0.91%-0.29%-89 bps
Allowance / Loans4.38%3.72%3.65%3.36%3.18%-119 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 Capital18.11%18.23%18.34%18.50%16.60%-150 bps
Equity / Assets11.95%12.19%11.82%12.19%11.31%-64 bps
Liquidity & Funding
Loans / Deposits75.82%77.54%75.79%78.89%80.24%+442 bps
Liquid Assets / Assets20.59%18.90%21.29%18.00%14.33%-626 bps
CRE / Total Capitaln/an/an/an/an/an/an/a