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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 $10.7MQ3 2010Q2 2012
Deposit mix
81%Interest-bearing $232.4M19%Noninterest $55.6MQ3 2010Q2 2012

Executive Summary

  • Earnings: ROA of 0.50%, up 50 bps year over year; NIM at 3.25%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.71%.
  • Funding: loans stand at 86.30% of deposits as of Q2 2012.

Return on Assets (quarter, annualized)

0.50%+50 bps YoY

Net Interest Margin (quarter, annualized)

3.25%-21 bps YoY

Efficiency Ratio (quarter, annualized)

62.68%-111 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.53%Q2 ’104.17%Q2 ’113.82%Q2 ’12+2%-6%

Non-interest income vs. expense

2.34%Q2 ’102.48%Q2 ’112.27%Q2 ’12+4%-8%

Discrete quarter, annualized.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets0.01%10.26%0.08%0.00%10.28%0.51%0.50%0.50%+50 bps
Return on Equity0.07%3.18%0.98%0.04%3.29%5.90%6.05%5.94%+590 bps
Net Interest Margin3.60%3.58%3.45%3.46%3.58%3.50%3.46%3.25%-21 bps
Efficiency Ratio65.97%62.10%67.68%63.79%58.22%67.10%61.74%62.68%-111 bps
Non-Interest Burden2.35%2.07%2.23%2.05%1.92%2.21%1.93%1.90%-16 bps
Growth
Asset Growth (YoY)-6.35%-5.03%-3.93%-3.90%-0.98%0.79%3.31%2.17%+608 bps
Loan Growth (YoY)-7.61%-6.16%-6.55%-9.93%-5.39%-3.80%-4.20%-3.64%+629 bps
Deposit Growth (YoY)-2.32%-4.80%-2.80%-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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.05%0.40%0.26%3.22%0.63%1.14%0.79%1.71%-151 bps
Allowance / Loans2.24%2.49%2.84%2.66%2.90%2.81%2.95%2.82%+16 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 Capital12.89%13.11%12.82%13.25%13.35%13.33%13.81%14.35%+109 bps
Equity / Assets8.27%8.32%7.95%8.35%8.62%8.53%8.08%8.73%+38 bps
Liquidity & Funding
Loans / Deposits100.08%101.57%94.93%92.47%94.04%93.69%84.82%86.30%-617 bps
Liquid Assets / Assets6.40%6.51%11.02%9.01%6.79%6.29%11.78%7.63%-137 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a