PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Oculina Bank, The

Fort Pierce, FL · Cert 57559

FDIC · 8 branches

Q1 2019

$364.8MAssets
$322.8MLoans
$308.4MDeposits
$27.3MEquity
Loan mix
98%RE $307.1M2%C&I $4.9M0%Consumer $0.7MQ2 2017Q1 2019
Deposit mix
76%Interest-bearing $235.8M24%Noninterest $72.6MQ2 2017Q1 2019

Market Position · Sebastian-Vero Beach, FL · 2018 SOD (annual) · 4.6% share · #10 of 17 inst. · $0.2B of $4.6B

4.6% Indian River
1.7% St. Lucie
0.3% Martin

Executive Summary

  • Earnings: ROA of -0.30%, down 151 bps year over year; NIM at 3.06%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 7.52%, down 165 bps from a year ago.
  • Funding: loans stand at 104.65% of deposits as of Q1 2019.

Return on Assets (YTD, annualized)

-0.30%-151 bps YoY

Net Interest Margin (YTD, annualized)

3.06%-19 bps YoY

Efficiency Ratio (YTD, annualized)

109.57%+5,188 bps YoY

Tier 1 Leverage Ratio

7.52%-165 bps YoY

NIM

3.95%Q1 ’174.12%Q1 ’184.26%Q1 ’19+3%-6%

Non-interest income vs. expense

2.47%Q1 ’172.33%Q1 ’183.75%Q1 ’19-22%+119%

Year to date, annualized, through each quarter.

MetricQ2 2017Q3 2017Q4 2017Q1 2018Q2 2018Q3 2018Q4 2018Q1 2019YoY ΔTrend
Earnings
Return on Assets0.82%0.90%0.92%1.21%1.14%1.04%1.05%-0.30%-151 bps
Return on Equity9.13%9.98%10.21%13.48%12.77%11.72%11.77%-3.59%-1,707 bps
Net Interest Margin3.09%3.12%3.18%3.25%2.96%3.11%2.98%3.06%-19 bps
Efficiency Ratio62.38%60.41%59.32%57.69%59.19%60.86%60.37%109.57%+5,188 bps
Non-Interest Burden1.73%1.63%1.63%1.54%1.46%1.66%1.55%3.39%+184 bps
Growth
Asset Growth (YoY)18.28%9.44%11.69%13.86%11.77%15.50%12.67%6.80%-705 bps
Loan Growth (YoY)22.34%10.43%17.96%13.13%8.54%17.88%9.17%7.99%-515 bps
Deposit Growth (YoY)10.30%3.78%4.36%12.19%13.20%15.78%15.84%12.10%-8 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.02%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.72%0.77%0.75%0.76%0.77%0.75%0.78%0.80%+4 bps
Allowance Coverage of NPLsn/an/an/an/an/an/a44.5xn/an/an/a
Capital
Tier 1 Leverage Ratio9.02%9.15%9.35%9.17%8.63%9.16%9.13%7.52%-165 bps
Total Risk-Based Capital15.70%16.79%16.44%16.61%17.02%17.06%17.56%14.82%-178 bps
Equity / Assets8.64%9.21%9.13%8.87%8.70%8.93%9.12%7.47%-140 bps
Liquidity & Funding
Loans / Deposits107.83%108.86%113.11%108.64%103.40%110.84%106.60%104.65%-399 bps
Liquid Assets / Assets4.62%2.21%2.12%2.35%2.72%2.94%1.70%3.97%+161 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a