PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Centerstate Bank of Florida

Winter Haven, FL · Cert 35313

FDIC

Q4 2005

$181.4MAssets
$113.4MLoans
$148.4MDeposits
$17.2MEquity
Loan mix
66%RE $36.3M31%C&I $17.1M2%Consumer $1.3MQ1 2004Q4 2005
Deposit mix
67%Interest-bearing $99.9M33%Noninterest $48.5MQ1 2004Q4 2005

Executive Summary

  • Earnings: ROA of 0.80%, up 33 bps year over year; NIM at 3.99%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 76.41% of deposits as of Q4 2005.

Return on Assets (quarter, annualized)

0.80%+33 bps YoY

Net Interest Margin (quarter, annualized)

3.99%+60 bps YoY

Efficiency Ratio (quarter, annualized)

65.88%-921 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.20%Q4 ’034.36%Q4 ’045.37%Q4 ’05+4%+18%

Non-interest income vs. expense

2.61%Q4 ’033.02%Q4 ’043.02%Q4 ’05+12%+0%

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets0.19%0.25%0.33%0.47%0.48%0.56%0.79%0.80%+33 bps
Return on Equity1.61%2.27%2.94%4.26%4.69%5.63%7.99%8.32%+406 bps
Net Interest Margin3.06%3.04%3.28%3.39%3.50%3.63%3.74%3.99%+60 bps
Efficiency Ratio78.33%78.21%76.78%75.09%73.51%70.85%64.07%65.88%-921 bps
Non-Interest Burden2.36%2.35%2.45%2.47%2.44%2.44%2.26%2.48%+1 bps
Growth
Asset Growth (YoY)41.15%35.59%25.06%34.12%16.12%26.36%37.03%27.60%-652 bps
Loan Growth (YoY)36.09%36.03%19.78%18.39%20.88%26.93%35.64%31.94%+1,355 bps
Deposit Growth (YoY)43.14%45.89%30.72%42.02%11.34%24.78%29.77%18.42%-2,361 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.05%0.01%0.21%0.92%0.02%0.11%-0.01%0.04%-88 bps
Allowance / Loans1.18%1.24%1.33%1.08%1.13%1.09%1.12%1.15%+7 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital10.20%11.00%11.36%10.32%10.01%10.44%10.14%10.14%-18 bps
Equity / Assets10.84%10.87%11.68%10.45%10.14%9.89%9.81%9.47%-98 bps
Liquidity & Funding
Loans / Deposits73.10%72.14%72.81%68.57%79.37%73.39%76.11%76.41%+783 bps
Liquid Assets / Assets6.38%0.42%0.44%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a