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Florida Shores Bank-Southwest

Venice, FL · Cert 58616

FDIC

Q4 2013

$397.9MAssets
$232.8MLoans
$364.4MDeposits
$32.8MEquity
Loan mix
80%RE $135.8M19%C&I $32.2M1%Consumer $1.6MQ4 2012Q4 2013
Deposit mix
92%Interest-bearing $335.5M8%Noninterest $28.9MQ4 2012Q4 2013

NIM

3.44%Q4 ’113.51%Q4 ’123.42%Q4 ’13+11%+1%

Non-interest income vs. expense

2.20%Q4 ’112.21%Q4 ’122.36%Q4 ’13-6%+7%

Executive Summary

  • Earnings: ROA of 0.39%, down 7 bps year over year; NIM at 3.06%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 63.90% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

0.39%-7 bps YoY

Net Interest Margin (YTD, annualized)

3.06%+4 bps YoY

Efficiency Ratio (YTD, annualized)

71.36%+341 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.45%0.35%0.48%0.53%0.39%-7 bps
Return on Equity4.50%3.68%5.19%5.83%4.34%-16 bps
Net Interest Margin3.02%3.02%3.11%3.16%3.06%+4 bps
Efficiency Ratio67.95%75.12%71.00%70.25%71.36%+341 bps
Non-Interest Burden1.98%2.18%2.11%2.14%2.11%+13 bps
Growth
Asset Growth (YoY)13.55%10.95%7.96%10.59%10.49%-307 bps
Loan Growth (YoY)21.95%31.06%19.70%25.17%22.37%+42 bps
Deposit Growth (YoY)14.16%11.39%9.60%12.75%12.69%-147 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.24%0.00%0.08%0.04%0.03%-122 bps
Allowance / Loans1.64%1.63%1.65%1.55%1.72%+7 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 Capital16.76%16.00%16.15%15.30%15.39%-137 bps
Equity / Assets9.90%9.24%8.59%8.69%8.26%-165 bps
Liquidity & Funding
Loans / Deposits58.84%59.08%61.21%65.19%63.90%+505 bps
Liquid Assets / Assets2.05%3.32%3.40%3.94%18.09%+1,604 bps
CRE / Total Capitaln/an/an/an/an/an/an/a