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Florida Shores Bank - Southeast

Pompano Beach, FL · Cert 58331

FDIC

Q4 2013

$166.9MAssets
$125.0MLoans
$152.7MDeposits
$13.8MEquity
Loan mix
80%RE $77.1M19%C&I $18.0M1%Consumer $1.4MQ4 2012Q4 2013
Deposit mix
83%Interest-bearing $126.3M17%Noninterest $26.3MQ4 2012Q4 2013

NIM

4.14%Q4 ’114.05%Q4 ’124.09%Q4 ’13+5%+5%

Non-interest income vs. expense

3.84%Q4 ’114.02%Q4 ’123.86%Q4 ’13+27%-17%

Executive Summary

  • Earnings: ROA of 0.43%, up 391 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.73%.
  • Funding: loans stand at 81.87% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

0.43%+391 bps YoY

Net Interest Margin (quarter, annualized)

3.58%+15 bps YoY

Efficiency Ratio (quarter, annualized)

100.80%-3,014 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets-3.48%0.25%-1.04%-1.60%0.43%+391 bps
Return on Equity-42.29%3.03%-12.53%-20.28%5.32%+4,761 bps
Net Interest Margin3.42%3.50%3.51%3.63%3.58%+15 bps
Efficiency Ratio130.93%91.22%98.38%96.66%100.80%-3,014 bps
Non-Interest Burden4.40%3.20%3.48%3.53%3.64%-76 bps
Growth
Asset Growth (YoY)1.45%-2.00%5.84%-3.40%-9.00%-1,045 bps
Loan Growth (YoY)19.08%15.22%3.08%2.91%1.12%-1,796 bps
Deposit Growth (YoY)1.71%-2.22%7.72%-2.71%-9.36%-1,108 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.53%4.53%1.47%1.88%-0.73%-126 bps
Allowance / Loans2.70%1.55%1.58%1.63%1.67%-102 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 Capital11.70%12.66%12.39%11.55%11.91%+21 bps
Equity / Assets7.93%8.61%7.91%7.88%8.26%+33 bps
Liquidity & Funding
Loans / Deposits73.38%74.83%75.92%80.84%81.87%+849 bps
Liquid Assets / Assets9.03%5.00%4.10%2.73%6.18%-284 bps
CRE / Total Capitaln/an/an/an/an/an/an/a