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| 3rd Quarter Financial Highlights -
2005 |
Old Florida Bankshares, Inc, and Subsidiaries Financial Highlights
(Dollars in thousands, except per share data;unaudited)
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| At September 30th |
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2005 |
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2004 |
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Variance |
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| Total Assets |
$ |
318,814 |
|
208,709 |
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52.76% |
| Federal Funds Sold |
|
29,427 |
|
8,022 |
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266.83% |
| Securities |
|
20,336 |
|
16,441 |
|
23.69% |
| Loans, net of unearned income |
|
247,529 |
|
165,202 |
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49.83% |
| Reserve for Loan losses |
|
2,485 |
|
1,655 |
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50.11% |
| Deposits |
|
278,064 |
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164,628 |
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68.90% |
| Borrowings |
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10,323 |
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20,654 |
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-50.02% |
| Stockholders' equity |
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23,303 |
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21,844 |
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6.68% |
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| Book value per share |
$ |
12.06 |
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11.32 |
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| Market value per share |
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23.75 |
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12.00 |
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| Common shares outstanding |
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1,932,565 |
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1,930,255 |
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0.12% |
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| Non-performing loans/loans |
$ |
199 |
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0 |
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| Reserve for loan losses/non-performing loans |
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1248.61% |
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0.00% |
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| Non-performing loans/loans |
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0.08% |
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0.00% |
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| Allowance for loan losses/total loans |
|
1.00% |
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1.00% |
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| 3rd Quarter Income Statement -
2005 |
OLD FLORIDA BANKSHARES, INC, AND SUBSIDIARIES
Income Statement
(Unaudited)
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Three Months Ended September 30th |
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Nine Months Ended September 30th |
| Earnings |
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2005 |
|
2004 |
|
%Change |
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2005 |
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2004 |
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%Change |
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| Net Interest Income |
$ |
2,710 |
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1,795 |
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51.02% |
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$ |
7,183 |
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5,207 |
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37.96% |
| Provision for loan losses |
|
320 |
|
45 |
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611.11% |
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|
665 |
|
228 |
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191.67% |
| Noninterest income |
|
284 |
|
185 |
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53.47% |
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|
664 |
|
476 |
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39.57% |
| Other expense |
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1,903 |
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1,620 |
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17.48% |
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|
5,053 |
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4,849 |
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4.20% |
| Provision for income tax |
|
275 |
|
118 |
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133.38% |
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|
770 |
|
233 |
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230.08% |
| Net Income |
|
496 |
|
197 |
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151.89% |
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|
1,360 |
|
373 |
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264.75% |
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| Share Data |
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| Earnings per share:* |
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Basic |
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0.26 |
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0.10 |
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151.54% |
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|
0.70 |
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0.19 |
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264.48% |
| Weighted average shares outstanding: |
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Basic |
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1,932,565 |
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1,929,879 |
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0.14% |
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1,931,702 |
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1,930,255 |
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0.07% |
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| Perfomance Ratios |
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| Based on net income: |
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Return on average assets |
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0.67% |
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0.26% |
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0.67% |
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0.38% |
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Return on average equity |
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8.56% |
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2.35% |
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8.06% |
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3.69% |
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| Net interest margin |
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3.58% |
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4.09% |
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3.54% |
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3.82% |
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| Efficiency ratio |
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63.55% |
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85.05% |
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64.38% |
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81.50% |
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|
