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Jefferson Bank of Florida

Oldsmar, FL · Cert 58672

FDIC · 5 branches

Q2 2017

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 2017, the quarter ended June 30, 2017, 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

Jefferson Bank of Florida

Oldsmar, FL · Cert 58672

FDIC · 5 branches

Q2 2017

$316.5MAssets
$243.5MLoans
$238.1MDeposits
$29.0MEquity
Loan mix
86%RE $140.7M13%C&I $20.6M1%Consumer $1.7MQ2 2016Q2 2017
Deposit mix
66%Interest-bearing $156.0M34%Noninterest $82.1MQ2 2016Q2 2017

NIM

3.63%Q2 ’153.58%Q2 ’163.73%Q2 ’17-1%+5%

Non-interest income vs. expense

2.83%Q2 ’152.58%Q2 ’162.37%Q2 ’17-5%-10%

Market Position · Tampa-St. Petersburg-Clearwater, FL · 2017 SOD (annual) · 0.3% share · #31 of 63 inst. · $0.2B of $81.9B

0.4% Pinellas
0.1% Hillsborough
0.5% Pasco

Executive Summary

  • Earnings: ROA of 0.80%, up 17 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.38% of loans (+38 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.79%, down 39 bps from a year ago.
  • Funding: loans stand at 102.26% of deposits as of Q2 2017.

Financial Results

Return on Assets (YTD, annualized)

0.80%+17 bps YoY

Net Interest Margin (YTD, annualized)

3.47%+15 bps YoY

Efficiency Ratio (YTD, annualized)

62.34%-872 bps YoY

Tier 1 Leverage Ratio

9.79%-39 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2016Q3 2016Q4 2016Q1 2017Q2 2017YoY ΔTrend
Earnings
Return on Assets0.63%0.66%0.69%0.70%0.80%+17 bps
Return on Equity6.27%6.64%7.05%7.52%8.66%+238 bps
Net Interest Margin3.32%3.38%3.23%3.42%3.47%+15 bps
Efficiency Ratio71.06%69.72%67.89%69.08%62.34%-872 bps
Non-Interest Burden2.30%2.28%2.12%2.28%2.07%-23 bps
Growth
Asset Growth (YoY)14.83%12.33%14.66%11.16%20.05%+522 bps
Loan Growth (YoY)18.97%16.65%22.03%24.90%26.71%+775 bps
Deposit Growth (YoY)24.99%20.34%18.78%12.61%6.28%-1,871 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.38%+38 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.05%1.00%0.99%0.96%0.93%-12 bps
Allowance Coverage of NPLsn/an/an/a265.3x2.5xn/a
Capital
Tier 1 Leverage Ratio10.18%10.34%9.84%9.66%9.79%-39 bps
Total Risk-Based Capital14.27%14.11%13.29%13.15%12.34%-193 bps
Equity / Assets10.27%9.91%9.22%9.33%9.15%-112 bps
Liquidity & Funding
Loans / Deposits85.77%86.15%83.55%85.76%102.26%+1,649 bps
Liquid Assets / Assets2.45%5.08%7.69%6.84%5.24%+279 bps
CRE / Total Capitaln/an/an/an/an/an/an/a