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1st Manatee Bank

Parrish, FL · Cert 58548

FDIC · 4 branches

Q2 2018

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: Q2 2018, the quarter ended June 30, 2018, 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 2026-10-11

1st Manatee Bank

Parrish, FL · Cert 58548

FDIC · 4 branches

Q2 2018

$246.9MAssets
$174.1MLoans
$204.5MDeposits
$23.6MEquity
Loan mix
83%RE $98.3M17%C&I $20.2M0%Consumer $0.3MQ2 2017Q2 2018
Deposit mix
92%Interest-bearing $188.1M8%Noninterest $16.4MQ2 2017Q2 2018

NIM

4.35%Q2 ’164.19%Q2 ’173.92%Q2 ’18-2%-6%

Non-interest income vs. expense

3.55%Q2 ’163.35%Q2 ’175.47%Q2 ’18+16%+63%

Market Position · North Port-Sarasota-Bradenton, FL · 2018 SOD (annual) · 1.0% share · #23 of 36 inst. · $0.2B of $20.9B

2.2% Manatee
0.4% Sarasota

Executive Summary

  • Earnings: ROA of -2.51%, down 279 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 0.17% of loans (-94 bps YoY), with net charge-offs at 0.46%.
  • Capital: tier 1 leverage ratio of 9.77%, down 581 bps from a year ago.
  • Funding: loans stand at 85.14% of deposits as of Q2 2018.

Financial Results

Return on Assets (YTD, annualized)

-2.51%-279 bps YoY

Net Interest Margin (YTD, annualized)

3.36%-23 bps YoY

Efficiency Ratio (YTD, annualized)

151.24%+6,158 bps YoY

Tier 1 Leverage Ratio

9.77%-581 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2017Q3 2017Q4 2017Q1 2018Q2 2018YoY ΔTrend
Earnings
Return on Assets0.28%0.24%0.20%0.47%-2.51%-279 bps
Return on Equity1.83%1.59%1.40%3.97%-22.71%-2,454 bps
Net Interest Margin3.59%3.36%3.31%3.44%3.36%-23 bps
Efficiency Ratio89.67%89.65%84.78%81.65%151.24%+6,158 bps
Non-Interest Burden3.20%3.00%2.77%2.72%5.21%+201 bps
Growth
Asset Growth (YoY)16.69%22.85%24.33%44.67%44.69%+2,800 bps
Loan Growth (YoY)11.01%15.26%28.88%32.90%35.81%+2,480 bps
Deposit Growth (YoY)1.23%15.13%22.85%44.35%52.21%+5,098 bps
Asset Quality
Nonperforming Loans / Loans1.11%0.58%1.05%0.44%0.17%-94 bps
Net Charge-Offs / Loans0.00%0.03%0.02%0.00%0.46%+46 bps
Allowance / Loans0.96%0.91%0.99%0.99%0.70%-26 bps
Allowance Coverage of NPLs0.9x1.6x0.9x2.3x4.0x+3.2x
Capital
Tier 1 Leverage Ratio15.58%14.24%13.40%11.74%9.77%-581 bps
Total Risk-Based Capital20.22%19.04%17.40%16.14%12.64%-758 bps
Equity / Assets15.24%13.78%13.04%10.88%9.57%-566 bps
Liquidity & Funding
Loans / Deposits95.42%92.62%94.26%82.82%85.14%-1,028 bps
Liquid Assets / Assets5.78%8.09%2.67%9.32%3.58%-220 bps
CRE / Total Capitaln/an/an/an/an/an/an/a