|
| |
| 1st Quarter Financial Highlights -
2005 |
Old Florida Bankshares, Inc, and Subsidiaries
Financial Highlights
(Dollars in thousands, except per share data;unaudited)
|
At
March 31st
|
|
2005
|
|
2004
|
|
Variance
|
|
Total
Assets
|
$
|
250,981
|
|
182,236
|
|
37.72%
|
|
Federal
Funds Sold
|
|
6,239
|
|
6,204
|
|
0.56%
|
|
Securities
|
|
19,258
|
|
16,309
|
|
18.08%
|
|
Loans,
net of unearned income
|
|
203,897
|
|
141,957
|
|
43.63%
|
|
Reserve
for Loan losses
|
|
2,057
|
|
1,490
|
|
38.05%
|
|
Deposits
|
|
215,549
|
|
145,155
|
|
48.50%
|
|
Borrowings
|
|
10,830
|
|
13,161
|
|
-17.71%
|
|
Stockholders'
equity
|
|
22,220
|
|
21,619
|
|
2.78%
|
|
|
|
|
|
|
|
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|
Book
value per share
|
$
|
11.51
|
|
11.20
|
|
|
|
Market
value per share
|
|
17.00
|
|
12.00
|
|
|
|
Common
shares outstanding
|
|
1,930,255
|
|
1,929,595
|
|
0.03%
|
|
|
|
|
|
|
|
|
|
|
Non-performing
loans
|
$
|
0
|
|
0
|
|
|
|
Reserve
for loan losses/non-performing loans
|
|
N/A
|
|
N/A
|
|
|
|
Non-performing
loans/loans
|
|
0.00%
|
|
0.00%
|
|
|
|
Allowance
for loan losses/total loans
|
|
1.01%
|
|
1.05%
|
|
|
| 1st Quarter Income Statement -
2005 |
|
OLD
FLORIDA BANKSHARES, INC, AND SUBSIDIARIES
|
|
Income
Statement
|
|
(Unaudited)
|
|
|
|
Three
Months Ended March 31st
|
|
Earnings
|
2005
|
|
2004
|
|
%Change
|
|
Net
Interest Income $
|
2,105
|
|
1,597
|
|
31.81%
|
|
Provision
for loan losses
|
205
|
|
63
|
|
225.40%
|
|
Noninterest
income
|
177
|
|
83
|
|
113.25%
|
|
Other
expense
|
1,516
|
|
1,540
|
|
-1.56%
|
|
Provision
for income tax
|
202
|
|
28
|
|
621.43%
|
|
Net
Income
|
358
|
|
49
|
|
630.61%
|
|
|
|
|
|
|
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Share
Data
|
|
|
|
|
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|
Earnings
per share:*
|
|
|
|
|
|
|
|
Basic
|
0.19
|
|
0.03
|
|
630.36%
|
|
Weighted
average shares outstanding:
|
|
|
|
|
|
|
|
Basic
|
1,930,255
|
|
1,929,595
|
|
0.03%
|
|
|
|
|
|
|
|
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Perfomance
Ratios
|
|
|
|
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Based
on net income:
|
|
|
|
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|
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Return
on average assets
|
0.59%
|
|
0.11%
|
|
|
|
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Return
on average equity
|
6.56%
|
|
0.93%
|
|
|
|
Net
interest margin
|
3.77%
|
|
4.11%
|
|
|
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Efficiency
ratio
|
66.46%
|
|
91.66%
|
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|
