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Florida Gulf Bank

Fort Myers, FL · Cert 57085

FDIC

Q2 2012

$357.6MAssets
$248.5MLoans
$288.0MDeposits
$31.2MEquity
Loan mix
78%RE $151.0M16%C&I $31.5M6%Consumer $10.7MQ2 2011Q2 2012
Deposit mix
81%Interest-bearing $232.4M19%Noninterest $55.6MQ2 2011Q2 2012

NIM

4.55%Q2 ’104.22%Q2 ’113.90%Q2 ’12+2%-3%

Non-interest income vs. expense

2.36%Q2 ’102.51%Q2 ’112.36%Q2 ’12+3%-11%

Executive Summary

  • Earnings: ROA of 0.51%, up 46 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.27%.
  • Funding: loans stand at 86.30% of deposits as of Q2 2012.

Financial Results

Return on Assets (YTD, annualized)

0.51%+46 bps YoY

Net Interest Margin (YTD, annualized)

3.33%-11 bps YoY

Efficiency Ratio (YTD, annualized)

62.19%-351 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets0.04%10.12%0.22%0.50%0.51%+46 bps
Return on Equity0.51%1.44%2.58%6.05%5.99%+548 bps
Net Interest Margin3.44%3.53%3.53%3.46%3.33%-11 bps
Efficiency Ratio65.70%63.17%64.15%61.74%62.19%-351 bps
Non-Interest Burden2.13%2.09%2.12%1.93%1.90%-24 bps
Growth
Asset Growth (YoY)-3.90%-0.98%0.79%3.31%2.17%+608 bps
Loan Growth (YoY)-9.93%-5.39%-3.80%-4.20%-3.64%+629 bps
Deposit Growth (YoY)-0.93%0.68%4.29%7.21%3.25%+418 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.75%1.37%1.30%0.79%1.27%-48 bps
Allowance / Loans2.66%2.90%2.81%2.95%2.82%+16 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 Capital13.25%13.35%13.33%13.81%14.35%+109 bps
Equity / Assets8.35%8.62%8.53%8.08%8.73%+38 bps
Liquidity & Funding
Loans / Deposits92.47%94.04%93.69%84.82%86.30%-617 bps
Liquid Assets / Assets9.01%6.79%6.29%11.78%7.63%-137 bps
CRE / Total Capitaln/an/an/an/an/an/an/a