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Gulf Atlantic Bank

Key West, FL · Cert 59181 · Gulf Atlantic Financial Corp.

State charter, Fed member · FED · 5 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets (n=581 to 629). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

25

Q2 2024Q2 2026peer median (50)

Asset Quality

43

Q2 2024Q2 2026peer median (50)

Profitability

44

Q2 2024Q2 2026peer median (50)

Liquidity

60

Q2 2024Q2 2026peer median

Efficiency

34

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

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

Gulf Atlantic Bank

Key West, FL · Cert 59181 · Gulf Atlantic Financial Corp.

State charter, Fed member · FED · 5 branches

Q2 2026

$253.2MAssets
$191.4MLoans
$213.0MDeposits
$22.7MEquity
Loan mix
78%RE $149.5M9%C&I $17.7M13%Consumer $24.2MQ3 2024Q2 2026
Deposit mix
84%Interest-bearing $179.9M16%Noninterest $33.1MQ3 2024Q2 2026

Market Position · Ocala, FL · 2026 SOD (annual) · 1.7% share · #13 of 21 inst. · $0.1B of $7.6B

1.7% Marion
1.0% Monroe
1.1% Highlands
0.0% Hillsborough

Executive Summary

  • Earnings: ROA of 0.68%, down 14 bps year over year; NIM at 3.94%.
  • Asset quality: problem loans at 0.20% of loans (+20 bps YoY), with net charge-offs at 0.19%.
  • Capital: tier 1 leverage ratio of 9.38%, down 26 bps from a year ago.
  • Funding: loans stand at 89.87% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.68%-14 bps YoY

Net Interest Margin (YTD, annualized)

3.94%-19 bps YoY

Efficiency Ratio (YTD, annualized)

74.32%+678 bps YoY

Tier 1 Leverage Ratio

9.38%-26 bps YoY

NIM

5.78%Q2 ’246.63%Q2 ’256.26%Q2 ’26+33%-5%

Non-interest income vs. expense

2.90%Q2 ’242.97%Q2 ’253.10%Q2 ’26+2%+6%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.29%0.41%1.00%0.82%0.81%0.82%0.87%0.68%-14 bps
Return on Equity3.68%5.24%12.20%9.88%9.71%9.74%10.02%7.74%-214 bps
Net Interest Margin3.09%3.14%3.98%4.13%3.94%3.72%4.12%3.94%-19 bps
Efficiency Ratio84.50%80.10%65.57%67.55%67.37%68.91%69.83%74.32%+678 bps
Non-Interest Burden2.57%2.46%2.51%2.70%2.58%2.49%2.80%2.87%+16 bps
Growth
Asset Growth (YoY)19.52%19.11%18.48%29.23%23.10%34.78%37.66%29.43%+20 bps
Loan Growth (YoY)16.17%21.28%21.19%31.66%33.98%43.86%39.94%26.59%-507 bps
Deposit Growth (YoY)22.40%33.03%21.77%36.37%28.31%19.56%30.32%29.41%-696 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.07%0.00%0.06%0.32%0.00%0.20%+20 bps
Net Charge-Offs / Loans0.06%0.04%0.10%0.30%0.33%0.25%0.23%0.19%-11 bps
Allowance / Loans0.98%1.06%1.08%1.00%1.00%0.92%0.97%0.88%-12 bps
Allowance Coverage of NPLsn/an/a14.7xn/a16.4x2.9xn/a4.3xn/a
Capital
Tier 1 Leverage Ratio8.73%8.44%9.02%9.64%9.13%9.35%8.98%9.38%-26 bps
Total Risk-Based Capital11.17%10.74%12.13%11.66%11.11%10.82%11.36%11.84%+19 bps
Equity / Assets7.63%7.59%8.72%8.51%8.50%8.69%8.77%8.96%+45 bps
Liquidity & Funding
Loans / Deposits85.63%85.35%86.29%91.88%89.41%102.70%92.66%89.87%-201 bps
Liquid Assets / Assets12.70%5.93%6.50%5.06%5.38%3.45%8.22%8.54%+348 bps
CRE / Total Capitaln/an/an/an/a422%428%416%n/an/a

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. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Gulf Atlantic Bank

Key West, FL · Cert 59181 · Peer group: banks under $1B in assets (n=581-629) · Gulf Atlantic Financial Corp.

State charter, Fed member · FED · 5 branches

Q2 2026

$253.2MAssets
$191.4MLoans
$213.0MDeposits
$22.7MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 70% of banks under $1B in assets (rank 190 of 629).
  • Widest gap: net charge-offs / loans trails 80% of banks under $1B in assets (rank 468 of 581).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.66%

Rank 457 of 629

Net Interest Margin

3.94%

Rank 190 of 629

Efficiency Ratio

74.32%

Rank 417 of 629

Equity / Assets

8.96%

Rank 487 of 629

Non-interest income vs. expense

$0.6M$7.8MINCOMEEXPENSE
Unfavorable gap of $7.2M · efficiency ratio beats 34% of banks under $1B in assets
Bank 74.32%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.66%0.60%1.01%1.45%Beats 27%457 / 629
Return on Equity7.32%5.38%9.30%13.28%Beats 35%411 / 629
Net Interest Margin3.94%3.03%3.54%4.05%Beats 70%190 / 629
Efficiency Ratio74.32%58.35%67.79%79.08%Beats 34%417 / 629
Asset Quality
Nonperforming Loans / Loans0.20%0.09%0.46%1.20%Beats 65%204 / 581
Net Charge-Offs / Loans0.10%n/a0.01%0.06%Beats 20%468 / 581
Capital
Tier 1 Capital Ratio11.05%11.24%13.84%18.77%Beats 24%481 / 629
Total Risk-Based Capital Ratio11.84%11.58%14.43%19.66%Beats 27%459 / 629
Equity / Assets8.96%9.09%10.65%13.80%Beats 23%487 / 629
Liquidity & Funding
Loans / Deposits89.87%67.24%80.90%93.48%69th pctl187 / 594
Loans / Assets75.62%53.31%67.71%78.15%68th pctl201 / 629
Brokered Deposits / Depositsn/aNot reported for this institution