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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

3.60%Q4 ’113.17%Q4 ’122.99%Q4 ’13-12%-6%

Non-interest income vs. expense

2.80%Q4 ’112.56%Q4 ’123.39%Q4 ’13-19%+29%

Executive Summary

  • Earnings: ROA of -1.33%, down 47 bps year over year; NIM at 2.00%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.34%.
  • Funding: loans stand at 67.93% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

-1.33%-47 bps YoY

Net Interest Margin (quarter, annualized)

2.00%-12 bps YoY

Efficiency Ratio (quarter, annualized)

162.39%+4,195 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets-0.86%-0.76%0.03%1-0.42%-1.33%-47 bps
Return on Equity-18.69%-16.84%0.72%-10.42%-35.47%-1,678 bps
Net Interest Margin2.12%2.21%2.21%2.25%2.00%-12 bps
Efficiency Ratio120.45%118.42%110.77%97.28%162.39%+4,195 bps
Non-Interest Burden2.56%2.72%2.49%2.15%3.31%+75 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 / Loans3.03%1.35%0.22%2.94%1.34%-169 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