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Firstatlantic Bank

Jacksonville, FL · Cert 35200

FDIC · 8 branches

Q4 2017

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: Q4 2017, the quarter ended December 31, 2017, 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

Firstatlantic Bank

Jacksonville, FL · Cert 35200

FDIC · 8 branches

Q4 2017

$436.1MAssets
$310.6MLoans
$377.0MDeposits
$56.5MEquity
Loan mix
89%RE $199.0M10%C&I $23.3M1%Consumer $2.2MQ4 2016Q4 2017
Deposit mix
70%Interest-bearing $263.0M30%Noninterest $114.0MQ4 2016Q4 2017

NIM

4.20%Q4 ’154.18%Q4 ’164.26%Q4 ’17+1%-1%

Non-interest income vs. expense

2.80%Q4 ’152.75%Q4 ’162.84%Q4 ’17+8%+2%

Market Position · Jacksonville, FL · 2017 SOD (annual) · 0.6% share · #14 of 36 inst. · $0.4B of $58.9B

0.5% Duval
4.1% Clay
1.4% St. Johns

Executive Summary

  • Earnings: ROA of 0.80%, down 9 bps year over year; NIM at 3.84%.
  • Asset quality: problem loans at 0.15% of loans (+15 bps YoY), with net recoveries of 0.06%.
  • Capital: tier 1 leverage ratio of 12.52%, up 44 bps from a year ago.
  • Funding: loans stand at 82.40% of deposits as of Q4 2017.

Financial Results

Return on Assets (YTD, annualized)

0.80%-9 bps YoY

Net Interest Margin (YTD, annualized)

3.84%-3 bps YoY

Efficiency Ratio (YTD, annualized)

66.77%+206 bps YoY

Tier 1 Leverage Ratio

12.52%+44 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2016Q1 2017Q2 2017Q3 2017Q4 2017YoY ΔTrend
Earnings
Return on Assets0.89%0.70%0.83%0.96%0.80%-9 bps
Return on Equity6.88%5.78%6.85%7.90%6.51%-38 bps
Net Interest Margin3.86%3.69%3.75%3.79%3.84%-3 bps
Efficiency Ratio64.70%68.85%65.08%64.36%66.77%+206 bps
Non-Interest Burden2.46%2.51%2.39%2.39%2.51%+5 bps
Growth
Asset Growth (YoY)4.00%6.26%7.40%6.77%-0.20%-420 bps
Loan Growth (YoY)3.39%3.21%3.01%3.56%-0.02%-341 bps
Deposit Growth (YoY)0.54%11.02%5.11%5.82%5.34%+480 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.11%0.02%0.14%0.15%+15 bps
Net Charge-Offs / Loans0.03%0.01%0.03%0.03%-0.06%-9 bps
Allowance / Loans0.73%0.75%0.73%0.73%0.84%+11 bps
Allowance Coverage of NPLsn/a6.7x39.6x5.2x5.8xn/a
Capital
Tier 1 Leverage Ratio12.09%11.83%11.91%12.21%12.52%+44 bps
Total Risk-Based Capital17.29%16.85%17.04%17.22%17.91%+62 bps
Equity / Assets12.17%12.00%12.00%12.22%12.97%+79 bps
Liquidity & Funding
Loans / Deposits86.82%79.63%85.82%85.90%82.40%-442 bps
Liquid Assets / Assets5.70%5.88%5.36%6.83%4.79%-91 bps
CRE / Total Capitaln/an/an/an/an/an/an/a