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Florida Bank of Commerce

Orlando, FL · Cert 58081

FDIC · 7 branches

Q3 2016

$319.0MAssets
$231.0MLoans
$280.5MDeposits
$33.1MEquity
Loan mix
85%RE $159.8M15%C&I $28.1M0%Consumer $0.6MQ4 2014Q3 2016
Deposit mix
55%Interest-bearing $153.3M45%Noninterest $127.2MQ4 2014Q3 2016

Market Position · Orlando-Kissimmee-Sanford, FL · 2016 SOD (annual) · 0.4% share · #29 of 45 inst. · $0.2B of $44.8B

1.5% Brevard
0.3% Orange
0.5% Seminole
0.9% Osceola

Executive Summary

  • Earnings: ROA of 0.34%, down 63 bps year over year; NIM at 3.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.21%.
  • Capital: tier 1 leverage ratio of 9.58%, down 65 bps from a year ago.
  • Funding: loans stand at 82.35% of deposits as of Q3 2016.

Return on Assets (quarter, annualized)

0.34%-63 bps YoY

Net Interest Margin (quarter, annualized)

3.77%-14 bps YoY

Efficiency Ratio (quarter, annualized)

86.50%+2,175 bps YoY

Tier 1 Leverage Ratio

9.58%-65 bps YoY

NIM

4.33%Q3 ’144.11%Q3 ’153.94%Q3 ’16-5%-4%

Non-interest income vs. expense

3.04%Q3 ’142.87%Q3 ’153.50%Q3 ’16-16%+38%

Discrete quarter, annualized.

MetricQ4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016YoY ΔTrend
Earnings
Return on Assets0.99%0.76%0.83%0.96%0.83%0.68%0.85%0.34%-63 bps
Return on Equity8.44%6.67%7.50%8.91%7.65%6.32%8.04%3.26%-565 bps
Net Interest Margin4.06%4.06%3.96%3.92%3.85%3.93%3.89%3.77%-14 bps
Efficiency Ratio64.06%72.79%69.89%64.74%69.30%73.48%67.22%86.50%+2,175 bps
Non-Interest Burden2.48%2.75%2.60%2.32%2.48%2.79%2.50%3.20%+88 bps
Growth
Asset Growth (YoY)3.85%1.97%13.68%18.87%15.53%11.54%14.78%9.38%-949 bps
Loan Growth (YoY)9.18%11.79%13.47%10.46%11.87%9.59%10.88%10.76%+30 bps
Deposit Growth (YoY)2.71%0.68%14.59%20.21%16.67%11.43%14.84%8.66%-1,155 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.06%-0.02%-0.17%0.05%0.14%-0.02%0.00%0.21%+16 bps
Allowance / Loans1.49%1.43%1.43%1.42%1.33%1.30%1.25%1.20%-22 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/a10.28%10.15%10.23%10.10%10.16%9.77%9.58%-65 bps
Total Risk-Based Capital14.43%13.77%13.90%14.02%14.35%14.16%13.80%13.83%-19 bps
Equity / Assets11.78%11.01%11.02%10.65%10.98%10.64%10.41%10.38%-26 bps
Liquidity & Funding
Loans / Deposits89.59%85.37%86.01%80.78%85.91%83.96%83.04%82.35%+156 bps
Liquid Assets / Assets6.18%11.13%11.24%13.95%13.43%16.08%16.45%17.94%+400 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a