|
| |
| 3rd
Quarter Financial Highlights -
2006 |
Old Florida Bankshares, Inc, and Subsidiaries
Financial Highlights
(Dollars in thousands, except per share data;unaudited)
| At September 30th |
|
2006
|
|
2005
|
|
Variance
|
|
|
|
|
|
|
|
|
| Total
Assets |
$ |
309,207 |
|
318,814 |
|
-3.01% |
| Federal
Funds Sold |
|
4,694 |
|
29,427 |
|
-84.05% |
| Securities |
|
30,083 |
|
20,336 |
|
47.93% |
| Loans,
net of unearned income |
|
246,893 |
|
247,529 |
|
-0.26% |
| Reserve
for Loan losses |
|
2,681 |
|
2,485 |
|
7.90% |
| Deposits |
|
264,311 |
|
278,064 |
|
-4.95% |
| Borrowings |
|
10,309 |
|
10,323 |
|
-0.14% |
| Stockholders'
equity |
|
27,351 |
|
23,303 |
|
17.37% |
| |
|
|
|
|
|
|
|
| Book
value per share |
$ |
13.60 |
|
12.06 |
|
|
| Market
value per share |
|
37.25 |
|
23.75 |
|
|
| Common
shares outstanding |
|
2,010,974 |
|
1,932,565 |
|
4.06% |
| |
|
|
|
|
|
|
|
| Non-performing
loans/loans |
$ |
0 |
|
199 |
|
|
| Reserve
for loan losses/non-performing loans |
|
N/A |
|
1248.61% |
|
|
| Non-performing
loans/loans |
|
0.00% |
|
0.08% |
|
|
| Allowance
for loan losses/total loans |
|
1.09% |
|
1.00% |
|
|
| 3rd Quarter Income Statement -
2006 |
OLD FLORIDA BANKSHARES, INC, AND SUBSIDIARIES
Income Statement
(Unaudited)
|
|
|
Three Months
Ended September 30th |
|
|
Nine Months
Ended September 30th |
| Earnings |
|
2006 |
|
2005 |
|
%Change |
|
|
2006 |
|
2005 |
|
%Change |
| Net
Interest Income |
$ |
2,850 |
|
2,710 |
|
5.17% |
|
$ |
8,646 |
|
7,183 |
|
20.37% |
| Provision
for loan losses |
|
0 |
|
320 |
|
-100.00% |
|
|
16 |
|
665 |
|
-97.59% |
| Noninterest
income |
|
181 |
|
284 |
|
-36.16% |
|
|
700 |
|
664 |
|
5.41% |
| Other
expense |
|
1,921 |
|
1,903 |
|
0.97% |
|
|
5,892 |
|
5,053 |
|
16.61% |
| Provision
for income tax |
|
387 |
|
275 |
|
40.91% |
|
|
1,211 |
|
770 |
|
57.28% |
| Net
Income |
|
723 |
|
496 |
|
45.63% |
|
|
2,228 |
|
1,360 |
|
63.79% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Share
Data |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings
per share:* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
0.36 |
|
0.26 |
|
39.95% |
|
|
1.12 |
|
0.70 |
|
58.95% |
| Weighted
average shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
2,010,974 |
|
1,932,565 |
|
4.06% |
|
|
1,990,463 |
|
1,931,702 |
|
3.04% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Performance
Ratios |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Based
on net income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Return on average assets |
|
0.95% |
|
0.67% |
|
|
|
|
0.94% |
|
0.67% |
|
|
|
Return on average equity |
|
11.69% |
|
8.56% |
|
|
|
|
12.29% |
|
8.06% |
|
|
| Net
interest margin |
|
3.61% |
|
3.58% |
|
|
|
|
3.57% |
|
3.54% |
|
|
| Efficiency
ratio |
|
62.22% |
|
63.55% |
|
|
|
|
62.26% |
|
64.38% |
|
|
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to Investor Relations
|
