PackageTrendsPeer
Letter portraitLegal landscape

Friends Bank

New Smyrna Beach, FL · Cert 35376

FDIC · 3 branches

Q3 2019

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 2019, the quarter ended September 30, 2019, 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

Friends Bank

New Smyrna Beach, FL · Cert 35376

FDIC · 3 branches

Q3 2019

$99.1MAssets
$70.6MLoans
$87.3MDeposits
$10.8MEquity
Loan mix
98%RE $48.0M0%C&I $0.1M2%Consumer $0.7MQ3 2018Q3 2019
Deposit mix
75%Interest-bearing $65.4M25%Noninterest $21.8MQ3 2018Q3 2019

NIM

4.09%Q3 ’174.08%Q3 ’184.28%Q3 ’19-3%-2%

Non-interest income vs. expense

3.44%Q3 ’173.26%Q3 ’185.83%Q3 ’19-16%+84%

Market Position · Deltona-Daytona Beach-Ormond Beach, FL · 2019 SOD (annual) · 0.7% share · #18 of 22 inst. · $0.1B of $12.2B

Executive Summary

  • Earnings: ROA of 0.52%, down 49 bps year over year; NIM at 3.66%.
  • Asset quality: problem loans at 0.00% of loans (-34 bps YoY), with net recoveries of 0.13%.
  • Capital: tier 1 leverage ratio of 8.50%, down 114 bps from a year ago.
  • Funding: loans stand at 80.86% of deposits as of Q3 2019.

Financial Results

Return on Assets (YTD, annualized)

0.52%-49 bps YoY

Net Interest Margin (YTD, annualized)

3.66%-6 bps YoY

Efficiency Ratio (YTD, annualized)

152.83%+6,995 bps YoY

Tier 1 Leverage Ratio

8.50%-114 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets1.01%1.26%1.10%0.66%0.52%-49 bps
Return on Equity10.47%12.75%10.16%6.03%4.76%-570 bps
Net Interest Margin3.72%3.77%3.70%3.69%3.66%-6 bps
Efficiency Ratio82.89%83.06%88.37%91.41%152.83%+6,995 bps
Non-Interest Burden3.03%3.06%3.21%3.32%5.58%+255 bps
Growth
Asset Growth (YoY)-1.11%-1.26%0.77%-0.61%0.32%+143 bps
Loan Growth (YoY)1.95%3.68%4.00%-0.70%-2.36%-432 bps
Deposit Growth (YoY)-2.36%-2.71%-0.61%-2.05%-1.60%+76 bps
Asset Quality
Nonperforming Loans / Loans0.34%0.11%0.00%0.00%0.00%-34 bps
Net Charge-Offs / Loans-0.03%-0.17%-0.38%-0.20%-0.13%-11 bps
Allowance / Loans1.85%1.99%1.80%1.90%1.93%+8 bps
Allowance Coverage of NPLs5.4x18.3xn/an/an/an/a
Capital
Tier 1 Leverage Ratio9.64%9.81%10.14%10.23%8.50%-114 bps
Total Risk-Based Capital15.96%16.18%15.97%16.99%14.48%-148 bps
Equity / Assets9.95%10.83%10.87%10.96%10.88%+94 bps
Liquidity & Funding
Loans / Deposits81.49%85.50%86.64%82.27%80.86%-63 bps
Liquid Assets / Assets18.06%14.89%14.01%18.06%18.59%+53 bps
CRE / Total Capitaln/an/an/an/an/an/an/a