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Bank of Florida - Tampa Bay

Tampa, FL · Cert 57814

FDIC

Q1 2010

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2010, the quarter ended March 31, 2010, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Bank of Florida - Tampa Bay

Tampa, FL · Cert 57814

FDIC

Q1 2010

$240.5MAssets
$198.5MLoans
$224.0MDeposits
$-2177KEquity
Loan mix
76%RE $90.6M23%C&I $27.3M1%Consumer $0.7MQ1 2009Q1 2010
Deposit mix
88%Interest-bearing $196.6M12%Noninterest $27.4MQ1 2009Q1 2010

NIM

6.70%Q1 ’084.89%Q1 ’094.12%Q1 ’10-28%+0%

Non-interest income vs. expense

2.93%Q1 ’082.56%Q1 ’094.13%Q1 ’10-14%+64%

Executive Summary

  • Earnings: ROA of -15.50%, down 1,473 bps year over year; NIM at 2.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 14.13%.
  • Funding: loans stand at 88.62% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

-15.50%-1,473 bps YoY

Net Interest Margin (YTD, annualized)

2.43%+1 bps YoY

Efficiency Ratio (YTD, annualized)

113.69%+1,369 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-0.78%-1.20%-2.63%-6.09%-15.50%-1,473 bps
Return on Equity-8.96%-14.26%-32.28%-85.28%-1485%-147,644 bps
Net Interest Margin2.42%2.31%2.41%2.57%2.43%+1 bps
Efficiency Ratio100.00%107.98%103.64%104.83%113.69%+1,369 bps
Non-Interest Burden2.43%2.51%2.52%2.71%3.98%+155 bps
Growth
Asset Growth (YoY)17.98%18.06%2.26%-3.40%-9.45%-2,743 bps
Loan Growth (YoY)10.36%9.00%1.76%-2.68%-10.73%-2,109 bps
Deposit Growth (YoY)19.39%19.31%3.40%-1.84%-5.05%-2,444 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans5.14%4.51%3.97%5.26%14.13%+898 bps
Allowance / Loans1.56%1.38%3.24%3.72%4.66%+310 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 Capital10.15%10.21%8.24%4.37%-1.12%-1,127 bps
Equity / Assets8.44%8.01%7.17%2.94%-0.91%-935 bps
Liquidity & Funding
Loans / Deposits94.26%92.76%98.24%97.31%88.62%-564 bps
Liquid Assets / Assets0.04%0.05%2.83%5.15%7.49%+745 bps
CRE / Total Capitaln/an/an/an/an/an/an/a