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LEGACY BANK OF FLORIDA REPORTS NET INCOME OF $2.9 MILLION FOR THE FIRST THREE QUARTERS OF 2018 Boca Raton, Florida – Legacy Bank of Florida (the “Bank”) reported consolidated net income for the nine months ended September 30, 2018, of $2.9 million compared to a net income of $1.8 million for the comparable period in 2017. The Bank’s net interest income for the nine month period ending September 30, 2018, was $10.0 million as compared to $9.1 million for the same period in 2017. The Bank’s other income through the nine months of operation was $767,000 compared to the $509,000 for the same period in 2017. The Bank’s total assets at September 30, 2018, were $407.6 million, as compared to $377.9 million at December 31, 2017, an increase of $29.7 million or 7.9%. The Bank’s loans net of reserves at September 30, 2018 were $336.0 million, an increase of $27.0 million, or 8.7%, from the $309.0 million reported at December 31, 2017. Total deposits ending September 30, 2018, were $304.0 million as compared to $276.3 million at December 31, 2017, a $27.7 million increase or 10.0%. The Bank's stockholders' equity at September 30, 2018, was $43.6 million compared to $39.7 million at December 31, 2017, a $3.9 million or 9.8% increase. “Despite having four rate increases over the past four quarters, our loan production continues to be strong. We generated a record $46.0 million in loan originations during the third quarter. We have also had respectful increases in our organic deposit growth.” Dennis G. Bedley, Chairman & CEO commented, “The third quarter was a continuation of trends that we have seen in recent quarters and represents an improvement in our overall performance. Rising rates, strong loan growth and increases in our deposit base all contributed to higher net interest income. Credit quality remains sound and the South Florida economy is continuing to be strong. There is more to be done but I continue to be pleased at our progress to produce value for our Shareholders.” Legacy Bank of Florida, founded in 2006, is a locally owned and managed community Bank with offices in Boca Raton, West Palm Beach, Fort Lauderdale, Delray Beach and Pompano. The Bank specializes in business and professional banking, including commercial loan and deposit products, and a full line of retail and corporate cash management products. For additional information, please visit www.legacybankfl.com Member FDIC Forward-Looking Statements This document contains certain forward-looking statements relating to present or future trends or factors affecting the banking industry and specifically the operations, markets and products of the Bank. Actual results could differ materially from those projected and may be affected by changing events and trends that have influenced the Bank's assumptions, but that are beyond the control of the Bank. These trends and events include changes in the interest rate environment, expected cost savings, anticipated growth in the Bank's newly established or augmented sources of noninterest income, changes in the domestic and foreign business environments and securities markets and changes in the regulatory authorities and policies affecting the Bank. Dollars in Thousands Except per share amounts 2018-Sept 30 2017-Sept 30 2017-Dec Operating Data Unaudited Unaudited Audited Interest Income 12,680 10,757 14,717 Interest Expense 2,727 1,672 2,384 Net Interest Income 9,953 9,085 12,333 Provision for loan and lease losses 0 210 480 Net Interest Income After Provision for Losses 9,953 8,875 11,853 Noninterest Income 767 509 712 Noninterest Expense 6,854 6,413 8,627 Income before income tax 3,866 2,971 3,938 Income tax (benefit) 984 1,133 3,382 Net earnings (calculated field) 2,882 1,838 556 Per Share Outstanding Data Basic net earnings per common share $0.18 $0.13 $0.04 Book value per common share at year or option period end $2.76 $2.68 $2.63 Common shares outstanding, year or period end 15,786,884 14,004,489 15,114,184 Average common shares outstanding, basic 15,786,275 14,004,489 14,008,676 Balance Sheet Data Total Assets $407,598 $370,671 $377,868 Total Loans, net 335,979 307,178 309,023 Allowance for Loan Losses 2,564 3,305 2,498 Total deposits 304,004 274,957 276,324 Shareholders' Equity 43,611 37,507 39,697 Capital Ratios Total risk-based capital ratio 12.34% 11.31% 11.94% Common Equity Tier I rik-based capital ratio 11.64% 10.27% 11.18% Tier 1 risk-based capital ratio 11.64% 10.27% 11.18% Tier I leverage capital ratio 10.79% 9.13% 9.88% Total equity to total assets 10.70% 10.12% 10.51% Selected Performance Ratios Return on average assets 0.98% 0.70% 0.16% Return on average equity 9.10% 6.73% 1.51% Net interest margin 3.49% 3.53% 3.54% Efficiency ratio 63.88% 66.19% 65.90% Asset Quality Ratios Allowance for loan losses to period-end loans 0.75% 1.06% 0.80% Nonperforming assets to total assets 0.00% 0.38% 0.00% Nonperforming assets & loans 90+ days past due to total assets 0.00% 0.38% 0.00% Net loan charge-offs to average loans (annualized) -0.02% -0.06% 0.31%