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Great Florida Bank

Miami, FL · Cert 57719

FDIC

Q4 2013

$1.0BAssets
$604.2MLoans
$889.4MDeposits
$36.0MEquity
Deposit mix
90%Interest-bearing $804.1M10%Noninterest $85.3MQ4 2012Q4 2013

NIM

4.39%Q4 ’113.40%Q4 ’123.30%Q4 ’13-12%0%

Non-interest income vs. expense

4.22%Q4 ’112.62%Q4 ’123.40%Q4 ’13-38%+10%

Executive Summary

  • Earnings: ROA of -0.61%, down 1 bps year over year; NIM at 2.26%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.58%.
  • Funding: loans stand at 67.93% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

-0.61%-1 bps YoY

Net Interest Margin (YTD, annualized)

2.26%-1 bps YoY

Efficiency Ratio (YTD, annualized)

117.72%+675 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets-0.60%-0.76%-0.37%-0.39%-0.61%-1 bps
Return on Equity-12.87%-16.84%-8.42%-9.03%-14.70%-182 bps
Net Interest Margin2.27%2.21%2.23%2.32%2.26%-1 bps
Efficiency Ratio110.97%118.42%114.73%107.86%117.72%+675 bps
Non-Interest Burden2.53%2.72%2.62%2.56%2.78%+25 bps
Growth
Asset Growth (YoY)0.08%-9.73%-14.00%-18.01%-11.66%-1,174 bps
Loan Growth (YoY)-14.87%-16.43%-18.61%-19.84%-20.05%-517 bps
Deposit Growth (YoY)0.94%-10.09%-13.61%-16.58%-11.43%-1,237 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.43%1.35%0.83%1.58%1.58%+15 bps
Allowance / Loansn/an/an/an/an/an/an/a
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 Capital8.34%8.12%8.43%8.59%8.09%-25 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits75.25%73.04%71.83%69.50%67.93%-732 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a