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Atlantic Coast Bank

Jacksonville, FL · Cert 45826

FDIC · 9 branches

Q1 2018

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: Q1 2018, the quarter ended March 31, 2018, 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 2026-10-10

Atlantic Coast Bank

Jacksonville, FL · Cert 45826

FDIC · 9 branches

Q1 2018

$929.7MAssets
$801.1MLoans
$643.0MDeposits
$91.4MEquity
Loan mix
87%RE $506.9M7%C&I $38.5M6%Consumer $34.2MQ1 2017Q1 2018
Deposit mix
89%Interest-bearing $570.7M11%Noninterest $72.3MQ1 2017Q1 2018

NIM

3.82%Q1 ’163.76%Q1 ’174.00%Q1 ’18+7%+2%

Non-interest income vs. expense

2.81%Q1 ’163.02%Q1 ’172.62%Q1 ’18-8%+13%

Market Position · Jacksonville, FL · 2017 SOD (annual) · 0.4% share · #15 of 36 inst. · $0.3B of $58.9B

27.5% Ware
0.3% Duval
2.8% Clay
1.0% St. Johns

Executive Summary

  • Earnings: ROA of 0.67%, unchanged from a year ago; NIM at 3.09%.
  • Asset quality: problem loans at 1.02% of loans (-28 bps YoY), with net charge-offs at 0.08%.
  • Capital: tier 1 leverage ratio of 9.91%, down 41 bps from a year ago.
  • Funding: loans stand at 124.59% of deposits as of Q1 2018.

Financial Results

Return on Assets (YTD, annualized)

0.67%0 bps YoY

Net Interest Margin (YTD, annualized)

3.09%+5 bps YoY

Efficiency Ratio (YTD, annualized)

72.38%+59 bps YoY

Tier 1 Leverage Ratio

9.91%-41 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018YoY ΔTrend
Earnings
Return on Assets0.67%0.61%0.58%0.42%0.67%0 bps
Return on Equity7.12%6.42%5.98%4.45%7.09%-3 bps
Net Interest Margin3.04%2.98%2.97%2.91%3.09%+5 bps
Efficiency Ratio71.79%74.46%75.05%73.36%72.38%+59 bps
Non-Interest Burden1.85%2.00%2.04%1.95%2.08%+24 bps
Growth
Asset Growth (YoY)3.69%-0.64%-1.43%8.41%0.55%-314 bps
Loan Growth (YoY)2.86%3.89%2.11%15.82%6.80%+394 bps
Deposit Growth (YoY)24.27%20.37%9.44%7.52%-6.61%-3,088 bps
Asset Quality
Nonperforming Loans / Loans1.30%1.23%1.19%0.91%1.02%-28 bps
Net Charge-Offs / Loans-0.01%0.06%0.04%0.03%0.08%+9 bps
Allowance / Loans1.10%1.03%1.05%1.01%1.07%-3 bps
Allowance Coverage of NPLs0.8x0.8x0.9x1.1x1.0x+0.2x
Capital
Tier 1 Leverage Ratio10.32%10.06%10.03%9.67%9.91%-41 bps
Total Risk-Based Capital13.76%12.94%12.99%12.53%13.54%-21 bps
Equity / Assets9.49%9.77%9.78%9.15%9.83%+34 bps
Liquidity & Funding
Loans / Deposits108.95%115.41%117.68%125.60%124.59%+1,564 bps
Liquid Assets / Assets2.56%3.13%4.13%4.77%4.74%+218 bps
CRE / Total Capitaln/an/an/an/an/an/an/a