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Shamrock Bank of Florida

Naples, FL · Cert 58553

FDIC

Q4 2013

$91.5MAssets
$62.3MLoans
$80.9MDeposits
$6.4MEquity
Loan mix
92%RE $43.3M8%C&I $3.7M1%Consumer $0.3MQ4 2012Q4 2013
Deposit mix
89%Interest-bearing $71.8M11%Noninterest $9.1MQ4 2012Q4 2013

NIM

4.16%Q4 ’113.72%Q4 ’124.01%Q4 ’13-8%+12%

Non-interest income vs. expense

3.10%Q4 ’114.84%Q4 ’124.19%Q4 ’13+56%-13%

Executive Summary

  • Earnings: ROA of -1.10%, up 293 bps year over year; NIM at 3.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.62%.
  • Funding: loans stand at 76.98% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

-1.10%+293 bps YoY

Net Interest Margin (quarter, annualized)

3.30%+35 bps YoY

Efficiency Ratio (quarter, annualized)

123.63%-3,504 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets-4.03%0.41%-4.92%0.01%-1.10%+293 bps
Return on Equity-41.59%4.85%-64.94%0.18%-15.93%+2,566 bps
Net Interest Margin2.95%2.93%3.11%3.22%3.30%+35 bps
Efficiency Ratio158.67%86.75%90.64%100.85%123.63%-3,504 bps
Non-Interest Burden4.74%2.53%2.82%3.25%4.11%-64 bps
Growth
Asset Growth (YoY)20.58%17.24%6.99%0.21%-15.94%-3,652 bps
Loan Growth (YoY)16.65%2.24%3.90%-2.32%-7.40%-2,405 bps
Deposit Growth (YoY)29.76%29.41%17.90%8.85%-11.88%-4,164 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.51%-0.32%8.16%-0.15%-0.62%-314 bps
Allowance / Loans2.56%2.83%2.83%2.87%3.13%+57 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 Capital15.35%15.47%14.18%14.48%15.11%-24 bps
Equity / Assets8.66%8.39%6.68%6.80%6.99%-167 bps
Liquidity & Funding
Loans / Deposits73.25%63.97%71.48%71.91%76.98%+373 bps
Liquid Assets / Assets4.85%1.52%2.86%2.78%2.10%-276 bps
CRE / Total Capitaln/an/an/an/an/an/an/a