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South Bank of Florida

Orlando, FL · Cert 57960

FDIC

Q1 2014

$215.8MAssets
$160.5MLoans
$183.9MDeposits
$23.7MEquity
Loan mix
83%RE $98.0M16%C&I $18.8M1%Consumer $0.8MQ1 2013Q1 2014
Deposit mix
77%Interest-bearing $140.8M23%Noninterest $43.1MQ1 2013Q1 2014

NIM

3.80%Q1 ’123.49%Q1 ’133.82%Q1 ’14+0%+13%

Non-interest income vs. expense

2.37%Q1 ’123.33%Q1 ’133.13%Q1 ’14+40%-7%

Executive Summary

  • Earnings: ROA of 0.67%, up 62 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.28%.
  • Funding: loans stand at 87.27% of deposits as of Q1 2014.

Financial Results

Return on Assets (quarter, annualized)

0.67%+62 bps YoY

Net Interest Margin (quarter, annualized)

3.46%+40 bps YoY

Efficiency Ratio (quarter, annualized)

82.57%-1,624 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets0.05%0.03%10.42%1.00%0.67%+62 bps
Return on Equity0.48%0.26%3.94%9.20%6.00%+552 bps
Net Interest Margin3.06%3.15%3.35%4.05%3.46%+40 bps
Efficiency Ratio98.81%103.80%88.74%76.47%82.57%-1,624 bps
Non-Interest Burden3.02%3.28%2.94%3.09%2.80%-22 bps
Growth
Asset Growth (YoY)-22.90%-20.52%-14.22%-14.64%-2.82%+2,008 bps
Loan Growth (YoY)-17.67%-11.72%-9.63%-4.26%-0.16%+1,751 bps
Deposit Growth (YoY)-26.34%-23.46%-17.61%-19.50%-2.70%+2,365 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.38%-0.05%0.14%3.27%0.28%-10 bps
Allowance / Loans3.48%3.44%3.42%2.64%2.57%-91 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 Capital14.20%14.20%14.51%14.91%14.77%+57 bps
Equity / Assets10.51%10.54%10.60%11.22%10.98%+48 bps
Liquidity & Funding
Loans / Deposits85.05%89.70%89.34%93.99%87.27%+222 bps
Liquid Assets / Assets5.44%2.93%4.45%0.83%2.32%-312 bps
CRE / Total Capitaln/an/an/an/an/an/an/a