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| 4th
Quarter Financial Highlights -
2006 |
Old Florida Bankshares, Inc, and Subsidiaries
Financial Highlights
(Dollars in thousands, except per share data;unaudited)
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At
December 31st
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2006
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2005
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Variance
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Total
Assets
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$
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287,894
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314,777
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-8.54%
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Federal
Funds Sold
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2,095
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9,451
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-77.84%
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Securities
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27,556
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21,388
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28.84%
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Loans,
net of unearned income
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238,275
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258,715
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-7.90%
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Reserve
for Loan losses
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2,657
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2,595
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2.38%
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Deposits
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242,956
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267,362
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-9.13%
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Borrowings
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10,305
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12,820
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-19.62%
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Stockholders'
equity
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27,789
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24,755
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12.25%
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Book
value per share
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$
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13.82
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12.45
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Market
value per share
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36.45
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26.92
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Common
shares outstanding
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2,010,974
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1,988,349
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1.14%
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Non-performing Loans
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$
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258
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199
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Reserve
for loan losses/non-performing loans
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1029.67%
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1303.88%
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Non-performing
loans/loans
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0.11%
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.08%
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Allowance
for loan losses/total loans
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1.11%
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1.00%
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| 4th Quarter Income Statement -
2006 |
OLD FLORIDA BANKSHARES, INC, AND SUBSIDIARIES
Income Statement
(Unaudited)
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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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2006
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2005
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%Change
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2006
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2005
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%Change
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Net
Interest Income
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$
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2,710
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2,943
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-7.91%
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$
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11,316
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10,126
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11.75%
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Provision
for loan losses
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0
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110
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-100.00%
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16
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775
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-97.94%
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Noninterest
income
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149
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|
261
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-43.03%
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|
889
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|
925
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-3.92%
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Other
expense
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2,293
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1,984
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15.54%
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8,189
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7,037
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16.37%
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Provision
for income tax
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|
238
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|
395
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-39.66%
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|
1,449
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1,165
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24.42%
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Net
Income
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328
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|
715
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-54.11%
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2,552
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2,075
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22.98%
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Share
Data
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Earnings
per share:*
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Basic
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0.16
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0.36
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-54.86%
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1.28
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1.07
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20.06%
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Weighted
average shares outstanding:
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Basic
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2,010,974
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1,978,041
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1.66%
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1,990,554
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1,943,376
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2.43%
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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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0.45%
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0.91%
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0.82%
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0.74%
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Return
on average equity
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5.10%
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11.75%
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10.39%
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9.04%
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Net
interest margin
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3.61%
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4.02%
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3.58%
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3.91%
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Efficiency
ratio
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79.60%
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61.93%
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66.31%
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63.67%
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to Investor Relations
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