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| 4th Quarter Financial Highlights -
2005 |
Old Florida Bankshares, Inc, and Subsidiaries
Financial Highlights
(Dollars in thousands, except per share data;unaudited)
At December 31st |
|
2005 |
|
2004 |
|
Variance |
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Total Assets |
$ |
314,643 |
|
246,217 |
|
27.79% |
Federal Funds Sold |
|
9,451 |
|
22,402 |
|
-57.81% |
Securities |
|
21,388 |
|
18,768 |
|
13.96% |
Loans, net of unearned income |
|
258,715 |
|
184,730 |
|
40.05% |
Reserve for Loan losses |
|
2,595 |
|
1,860 |
|
39.48% |
Deposits |
|
267,229 |
|
201,956 |
|
32.32% |
Borrowings |
|
12,820 |
|
20,650 |
|
-37.92% |
Stockholders' equity |
|
24,755 |
|
21,986 |
|
12.60% |
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Book value per share |
$ |
12.45 |
|
11.39 |
|
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Market value per share |
|
26.92 |
|
15.00 |
|
|
Common shares outstanding |
|
1,988,349 |
|
1,929,974 |
|
3.02% |
|
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Non-performing loans/loans |
$ |
199 |
|
0 |
|
|
Reserve for loan losses/non-performing loans |
|
1303.88% |
|
N/A |
|
|
Non-performing loans/loans |
|
0.08% |
|
0.00% |
|
|
Allowance for loan losses/total loans |
|
1.00% |
|
1.01% |
|
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| 4th Quarter Income Statement -
2005 |
OLD FLORIDA BANKSHARES, INC, AND SUBSIDIARIES
Income Statement
(Unaudited)
|
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|
Three Months Ended December 31st |
|
|
Twelve Months Ended December 31st |
Earnings |
|
2005 |
|
2004 |
|
%Change |
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|
2005 |
|
2004 |
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%Change |
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Net Interest Income |
$ |
2,943 |
|
1,945 |
|
51.30% |
|
$ |
10,126 |
|
7,174 |
|
41.15% |
Provision for loan losses |
|
110 |
|
205 |
|
-46.34% |
|
|
775 |
|
433 |
|
78.98% |
Noninterest income |
|
261 |
|
149 |
|
74.85% |
|
|
925 |
|
500 |
|
84.98% |
Other expense |
|
1,984 |
|
1,573 |
|
26.15% |
|
|
7,037 |
|
6,319 |
|
11.36% |
Provision for income tax |
|
395 |
|
117 |
|
236.23% |
|
|
1,165 |
|
351 |
|
231.67% |
Net Income |
|
715 |
|
199 |
|
259.37% |
|
|
2,075 |
|
571 |
|
263.20% |
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Share Data |
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Earnings per share:* |
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Basic |
|
0.36 |
|
0.10 |
|
250.69% |
|
|
1.07 |
|
0.30 |
|
260.69% |
Weighted average shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
|
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Basic |
|
1,978,041 |
|
1,930,255 |
|
2.48% |
|
|
1,943,376 |
|
1,929,974 |
|
0.69% |
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Perfomance Ratios |
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Based on net income: |
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Return on average assets |
|
0.91% |
|
0.35% |
|
|
|
|
0.74% |
|
0.29% |
|
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Return on average equity |
|
11.75% |
|
3.67% |
|
|
|
|
9.04% |
|
2.69% |
|
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Net interest margin |
|
4.02% |
|
3.80% |
|
|
|
|
3.91% |
|
4.01% |
|
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Efficiency ratio |
|
61.93% |
|
75.11% |
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|
63.67% |
|
82.34% |
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