|
| |
| 1st Quarter Financial Highlights -
2006 |
Old Florida Bankshares, Inc, and Subsidiaries
Financial Highlights
(Dollars in thousands, except per share data;unaudited)
| At
March 31st |
|
2006
|
|
2005
|
|
Variance |
|
|
|
|
|
|
|
|
| Total
Assets |
$ |
336,187 |
|
250,981 |
|
33.95% |
| Federal
Funds Sold |
|
26,500 |
|
6,239 |
|
324.75% |
| Securities |
|
26,047 |
|
19,258 |
|
35.25% |
| Loans,
net of unearned income |
|
256,279 |
|
203,897 |
|
25.69% |
| Reserve
for Loan losses |
|
2,684 |
|
2,057 |
|
30.48% |
| Deposits |
|
291,576 |
|
215,549 |
|
35.27% |
| Borrowings |
|
15,316 |
|
10,830 |
|
41.42% |
| Stockholders'
equity |
|
25,817 |
|
22,220 |
|
16.19% |
|
|
|
|
|
|
|
|
| Book
value per share |
$ |
12.84 |
|
11.51 |
|
|
| Market
value per share |
|
27.25 |
|
17.00 |
|
|
| Common
shares outstanding |
|
2,010,974 |
|
1,930,255 |
|
4.18% |
|
|
|
|
|
|
|
|
| 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 |
|
1.05% |
|
1.01% |
|
|
| 1st Quarter Income Statement -
2006 |
OLD FLORIDA BANKSHARES, INC, AND SUBSIDIARIES
Income Statement
(Unaudited)
|
|
|
Three Months Ended March 31st |
| Earnings |
|
2006
|
|
2005
|
|
%Change |
| Net
Interest Income |
$ |
2,877 |
|
2,105 |
|
36.67% |
| Provision
for loan losses |
|
16 |
|
205 |
|
-92.20% |
| Noninterest
income |
|
216 |
|
177 |
|
22.03% |
| Other
expense |
|
1,966 |
|
1,516 |
|
29.68% |
| Provision
for income tax |
|
395 |
|
202 |
|
95.54% |
| Net
Income |
|
716 |
|
358 |
|
100.00% |
|
|
|
|
|
|
|
|
| Share
Data |
|
|
|
|
|
|
| Earnings
per share:* |
|
|
|
|
|
|
|
Basic |
|
0.37 |
|
0.19 |
|
97.72% |
| Weighted
average shares outstanding: |
|
|
|
|
|
|
|
Basic |
|
1,952,544 |
|
1,930,255 |
|
1.15% |
|
|
|
|
|
|
|
|
| Perfomance
Ratios |
|
|
|
|
|
|
| Based
on net income: |
|
|
|
|
|
|
|
Return on average assets |
|
0.90% |
|
0.59% |
|
|
|
Return on average equity |
|
11.53% |
|
6.56% |
|
|
| Net
interest margin |
|
3.24% |
|
3.77% |
|
|
| Efficiency
ratio |
|
63.30% |
|
66.46% |
|
|
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|
