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| 4th Quarter Financial Highlights - 2004 |
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Old
Florida Bankshares, Inc, and Subsidiaries
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Financial
Highlights
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(Dollars
in thousands, except per share data)
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At
December 31st
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2004
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2003
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Variance
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Total
Assets
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$
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246,217
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165,977
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48.34%
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Federal
Funds Sold
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22,402
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4,449
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403.53%
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Securities
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18,768
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16,054
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16.91%
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Loans,
net of unearned income
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184,730
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126,730
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45.77%
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Reserve
for Loan losses
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1,860
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1,427
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30.34%
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Deposits
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201,956
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134,576
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50.07%
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Borrowings
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20,650
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6,165
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234.96%
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Stockholders'
equity
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21,986
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21,518
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2.17%
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Book
value per share
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$
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11.39
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11.15
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Market
value per share
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15.00
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12.50
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Common
shares outstanding
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1,929,974
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1,486,168
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29.86%
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Non-performing
loans
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$
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0
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931
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Reserve
for loan losses/non-performing loans
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N/A
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153.28%
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Non-performing
loans/loans
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0.00%
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0.73%
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Allowance
for loan losses/total loans
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1.01%
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1.13%
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| 4th Quarter Income Statement - 2004 |
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OLD
FLORIDA BANKSHARES, INC, AND SUBSIDIARIES
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Income
Statement
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Three
Months Ended December 31st
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Twelve
Months Ended December 31st
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Earnings
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2004
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2003
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%Change
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2004
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2003
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%Change
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Net
Interest Income
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$
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1,945
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1,523
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27.71%
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7,174
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4,900
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46.41%
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Provision
for loan losses
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205
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0
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100.00%
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433
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0
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100.00%
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Noninterest
income
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149
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119
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25.21%
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500
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780
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(1)
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-35.90%
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Other
expense
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1,573
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1,460
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7.74%
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6,319
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4,797
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31.73%
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Provision
for income tax
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117
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57
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105.26%
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351
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322
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9.01%
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Net
Income
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199
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125
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59.20%
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571
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561
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1.78%
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Share
Data
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Earnings
per share:*
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Basic
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0.10
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0.08
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29.74%
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0.30
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0.38
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-21.62%
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Weighted
average shares outstanding:
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Basic
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1,930,255
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1,573,095
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22.70%
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1,929,974
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1,486,168
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29.86%
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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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0.35%
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0.31%
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0.29%
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0.44%
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Return
on average equity
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3.67%
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2.36%
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2.69%
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2.37%
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Net
interest margin
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3.80%
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3.96%
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4.01%
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4.32%
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Efficiency
ratio
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75.11%
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88.89%
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82.34%
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84.46%
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(1)
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Includes
sale of real estate of $297,000
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Investor Relations
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