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First Green Bank

Eustis, FL · Cert 58874

FDIC · 7 branches

Q3 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: Q3 2018, the quarter ended September 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

First Green Bank

Eustis, FL · Cert 58874

FDIC · 7 branches

Q3 2018

$798.7MAssets
$676.1MLoans
$665.1MDeposits
$82.0MEquity
Loan mix
81%RE $357.9M17%C&I $76.7M2%Consumer $9.0MQ3 2017Q3 2018
Deposit mix
72%Interest-bearing $478.3M28%Noninterest $186.8MQ3 2017Q3 2018

NIM

4.01%Q3 ’163.97%Q3 ’174.37%Q3 ’18-1%+5%

Non-interest income vs. expense

3.11%Q3 ’162.62%Q3 ’172.21%Q3 ’18-21%-22%

Market Position · Orlando-Kissimmee-Sanford, FL · 2018 SOD (annual) · 0.9% share · #17 of 45 inst. · $0.5B of $51.2B

4.5% Lake
1.8% Seminole
0.2% Broward
0.2% Orange

Executive Summary

  • Earnings: ROA of 1.36%, up 62 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 0.00% of loans (-11 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 10.66%, down 87 bps from a year ago.
  • Funding: loans stand at 101.66% of deposits as of Q3 2018.

Financial Results

Return on Assets (YTD, annualized)

1.36%+62 bps YoY

Net Interest Margin (YTD, annualized)

3.60%+16 bps YoY

Efficiency Ratio (YTD, annualized)

53.39%-1,364 bps YoY

Tier 1 Leverage Ratio

10.66%-87 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018YoY ΔTrend
Earnings
Return on Assets0.74%0.73%1.25%1.29%1.36%+62 bps
Return on Equity6.63%6.54%11.81%12.42%13.17%+654 bps
Net Interest Margin3.45%3.46%3.85%3.64%3.60%+16 bps
Efficiency Ratio67.03%66.29%55.25%54.60%53.39%-1,364 bps
Non-Interest Burden2.16%2.13%1.90%1.74%1.67%-48 bps
Growth
Asset Growth (YoY)32.84%29.32%26.53%21.47%22.36%-1,048 bps
Loan Growth (YoY)46.71%28.49%30.40%30.45%20.47%-2,624 bps
Deposit Growth (YoY)31.59%28.55%30.08%16.38%16.09%-1,550 bps
Asset Quality
Nonperforming Loans / Loans0.11%0.06%0.02%0.00%0.00%-11 bps
Net Charge-Offs / Loans0.06%0.05%0.04%0.03%0.02%-4 bps
Allowance / Loans1.03%1.02%1.00%1.00%1.01%-2 bps
Allowance Coverage of NPLs9.0x17.9x41.5xn/an/an/a
Capital
Tier 1 Leverage Ratio11.54%11.32%11.06%10.52%10.66%-87 bps
Total Risk-Based Capital12.71%12.40%12.26%12.10%12.66%-4 bps
Equity / Assets11.30%10.65%10.48%9.99%10.26%-104 bps
Liquidity & Funding
Loans / Deposits97.96%94.39%99.74%99.66%101.66%+369 bps
Liquid Assets / Assets1.45%1.84%1.81%3.16%2.53%+108 bps
CRE / Total Capitaln/an/an/an/an/an/an/a