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Gulfshore Bank

Tampa, FL · Cert 58762

FDIC · 2 branches

Q1 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: Q1 2017, the quarter ended March 31, 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

Gulfshore Bank

Tampa, FL · Cert 58762

FDIC · 2 branches

Q1 2017

$342.4MAssets
$258.4MLoans
$290.4MDeposits
$36.2MEquity
Loan mix
83%RE $174.6M15%C&I $32.2M2%Consumer $4.0MQ1 2016Q1 2017
Deposit mix
76%Interest-bearing $219.6M24%Noninterest $70.7MQ1 2016Q1 2017

NIM

3.34%Q1 ’153.51%Q1 ’163.62%Q1 ’17+7%+5%

Non-interest income vs. expense

2.64%Q1 ’152.58%Q1 ’162.28%Q1 ’17-4%-12%

Market Position · Tampa-St. Petersburg-Clearwater, FL · 2016 SOD (annual) · 0.3% share · #28 of 64 inst. · $0.3B of $77.3B

Executive Summary

  • Earnings: ROA of 0.64%, up 29 bps year over year; NIM at 3.16%.
  • Asset quality: problem loans at 0.80% of loans (+80 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.80%, down 72 bps from a year ago.
  • Funding: loans stand at 89.00% of deposits as of Q1 2017.

Financial Results

Return on Assets (YTD, annualized)

0.64%+29 bps YoY

Net Interest Margin (YTD, annualized)

3.16%+15 bps YoY

Efficiency Ratio (YTD, annualized)

67.97%-1,192 bps YoY

Tier 1 Leverage Ratio

10.80%-72 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2016Q2 2016Q3 2016Q4 2016Q1 2017YoY ΔTrend
Earnings
Return on Assets0.35%0.46%0.47%0.42%0.64%+29 bps
Return on Equity3.03%4.03%4.17%3.79%5.95%+292 bps
Net Interest Margin3.01%2.96%2.81%2.87%3.16%+15 bps
Efficiency Ratio79.89%73.12%72.69%75.74%67.97%-1,192 bps
Non-Interest Burden2.36%2.08%1.96%2.11%2.08%-28 bps
Growth
Asset Growth (YoY)4.22%8.54%15.06%8.98%13.56%+934 bps
Loan Growth (YoY)12.82%19.86%26.11%20.39%15.42%+260 bps
Deposit Growth (YoY)4.42%9.51%17.32%9.99%15.73%+1,131 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.80%+80 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.01%0.00%0 bps
Allowance / Loans1.10%1.14%1.10%1.08%1.12%+1 bps
Allowance Coverage of NPLsn/an/an/an/a1.4xn/an/a
Capital
Tier 1 Leverage Ratio11.51%11.39%10.76%10.82%10.80%-72 bps
Total Risk-Based Capital15.30%15.00%14.10%13.19%13.54%-176 bps
Equity / Assets11.54%11.14%10.75%10.90%10.59%-95 bps
Liquidity & Funding
Loans / Deposits89.24%87.99%90.49%95.18%89.00%-24 bps
Liquid Assets / Assets14.86%16.78%15.53%11.91%16.28%+141 bps
CRE / Total Capitaln/an/an/an/an/an/an/a