THIRD QUARTER 2014 FINANCIAL HIGHLIGHTS usameribank.com

Banking on Values
The success of USAmeriBank and Aliant Bank depends on how well we serve
our customers. Here are two examples of business owners who are working
Dr. Kevin Scott
D1 Sports Training and
Therapy
Tampa, Fla.
Since 2011, D1 Sports Training
and Therapy has offered training
programs, expert coaching,
and on-site sports therapy to
Tampa Bay area athletes. When
D1 decided to add a surgical center to its 28,000-square-foot facility in
Tampa, it looked to USAmeriBank for help in financing for the buildout and
equipment needs.
“USAmeriBank played an instrumental role when we decided to purchase
our building and when it came to financing the surgical center,” said Dr.
Kevin Scott, orthopedic surgeon and partner of D1 Sports Tampa.
USAmeriBank did such an excellent job that Dr. Scott decided to use the
bank’s services for his personal banking needs as well.
USAmeriBank is an independent, non-public bank based in
Clearwater, Fla. that has established itself as an outstanding
middle-market financial institution. The bank, with 12 offices
in Hillsborough and Pinellas counties of Florida, serves the
needs of individuals and businesses in the Tampa Bay area by
providing a high-level of personalized service and attention to
a targeted customer base. USAmeriBank’s parent company is
USAmeriBancorp, Inc. More information is available at
www.usameribank.com.
Locations:
Hillsborough County
Brandon
Carrollwood
Downtown Tampa
South Tampa
Westshore
Ybor City
Pinellas County
4th Street (St. Petersburg)
49th Street (Clearwater)
Belleair
Clearwater
East Bay (Largo)
Tarpon Springs
“I like working with a mid-sized bank like USAmeriBank because they give
me the personal attention of a small bank, but with the resources of a large
bank,” said Dr. Scott.
Jim Peace
President and CEO, Russell
Medical Center
Alexander City, Ala.
like attracting top-notch medical staff.
Russell Medical Center turns to
Aliant Bank for more than its
banking needs, because it sees
the bank as a true partnerthat
supports key strategic initiatives
“Aliant’s bankers have been very receptive to meeting with candidates we
bring to the area,” said Jim Peace, president and CEO of Russell Medical
Center. “They don’t talk just about the bank’s services, but provide insights
about the local housing market and the community.”
As a progressive, acute care facility, Russell Medical Center is committed to
providing quality, personalized care through teamwork and professionalism.
“We have shared values with Aliant Bank, and that is why we’ve used them
for years,” said Peace. “If there is ever something we need, I don’t hesitate to
call Aliant for assistance. ”
usameribank.com
with us as they grow, thanks to relationships that go far beyond loans.
THIRD Quarter 2014
Financial Highlights
4790 140th Avenue North
Clearwater, FL 33762
Aliant Bank, a division of USAmeriBank, has corporate offices
in Birmingham and Alexander City, Alabama. Started in 1900,
the bank operates 15 offices in Tallapoosa, Jefferson, Lee,
Montgomery, Elmore, Shelby, and St. Clair counties of Alabama.
Aliant offers a complete line of banking and other related
financial services to commercial, retail and real estate customers.
For more information, visit the company website located at
www.aliantbank.com.
Locations:
Birmingham Region
Montgomery Region
AlabasterAuburn
Birmingham Meadow Brook
Millbrook
CrestlineMontgomery Downtown
Gardendale
Montgomery Eastmont
Pell City
Montgomery Festival Plaza
Montgomery Zelda Road
Tallapoosa Region
Wetumpka
Alexander City
Mill Square
Dadeville
usameribank.com
Dear Fellow Shareholders,
USAmeriBancorp, Inc. continued its pattern of solid performance
in the third quarter of 2014.
Consolidated net income available to common shareholders for
the third quarter of 2014 was $7.2 million, compared with $12.8
million in the year-ago period. On a diluted per common share
basis, earnings for the third quarter were $.73, compared to $1.33
in the third quarter of 2013.
It is important to note that the third quarter 2013 results included
a $0.61 increase in diluted earnings per common share as a result
of the sale of the Connelly, Carlisle, Fields & Nichols insurance
division as well as a one-time gain on the sale of a pool of loans.
These transactions combined contributed $5.8 million in after-tax
income to the 2013 third quarter results.
improvement from 2.5% in the previous year. We are excited
about this growth yet more excited about the prospects from the
remaining 97.2% of market share in the area.
Meanwhile, Aliant Bank continues to have solid market share
in Alabama, particularly in the markets of Montgomery (No. 7
ranking) and Alexander City (No. 1 ranking).
As discussed in recent shareholder letters, competition continues
to intensify for deposits and loans as the economy continues to
improve in both Florida and Alabama. That said, we continue to
be optimistic for our future, knowing that personal service is a
differentiator that never goes out of style.
As always, we are very thankful for your support, and we welcome
your questions or comments.
The Company’s results of operations for the third quarter
produced an annualized return on average assets of 1.02%,
compared to 1.91% in the year-ago period. Book value grew by
11.8% to $23.59 in the third quarter of 2014, compared to $21.10
in the year-ago period.
As the Company works to continue our growth while building
best-in-class operations capabilities, we continued to make
key additions to our management team. In the third quarter,
we brought on three outstanding highly experienced banking
professionals:
• Greg Olivier, Chief Risk and Credit Officer, brings more than
20 years of risk management experience, including positions
at First Southern Bancorp, First Horizon National Corp. and
Wachovia Corp.
• David Ide, Chief Investment Officer & Economist, was
previously Senior VP/Treasurer for Taylor Capital Group and its
$5.9 billion bank subsidiary, Cole Taylor Bank.
• Betty Lewis, Chief Internal Auditor, spent 11 years with IBB
Outsourcing, and prior to that was an audit manager and vice
president with Citigroup.
This level of leadership only adds to the deep team we have built,
which has helped us build strong market share in our Florida and
Alabama markets. On a year-over-year basis, the Bank has grown
loans by 11% and noninterest bearing deposits by 17%.
The FDIC’s most recent report for the Tampa Bay MSA ranks
USAmeriBank No. 8 in total deposit market share, at 2.8%, an
Jennifer W. Steans
Chairman of the Board
Joseph V. Chillura
President & Chief Executive Officer
(Dollars in thousands,
except per share amounts)
Quarter
Ending
09/30/14
INCOME DATA Net interest income $24,991
Provision for credit losses
(683)
Non-interest income 3,611
Non-interest expense (15,654)
Income tax expense (4,631) Net income from
continuing operations
7,634
Net income from
CCF&N discontinued operations
-
Net Income$7,634
Net income to common shareholders
$7,153
Net income to common shareholders
from core operations
7,153
Pre-tax pre-provision
operating earnings
12,946
Pre-tax pre-provision core operating earnings, excluding
discontinued operations & one-time
loan sale
12,946
PERIOD-END BALANCE SHEET DATA Loans, net $2,427,338
Loans held for sale
834
Securities 332,457
Earning assets 2,829,171
Total assets 3,011,204
Non-interest-bearing deposits 603,255
Total deposits 2,487,179
Shareholders’ equity 250,257
COMMON SHARE DATA Earnings per share: Basic Diluted Diluted, excluding discontinued
operations & one-time loan sale
Book value per common share Tangible book value per common share
Quarter
Ending
09/30/13
$23,190
(7)
6,129
(15,681)
(4,936)
8,695
4,620
$13,315
$12,812
6,945
18,258
11,641
$2,183,482
8,319
311,735
2,600,479
2,786,536
515,758
2,364,985
223,796
$0.74
$0.73
$1.34
$1.33
$0.74
$23.59
$22.06
$0.72
$21.10
$19.44
RATIOS Return on average assets
1.02%
Return on average common equity
12.54%
Net interest margin
3.55%
Efficiency ratio from continuing
operations 54.73%
Allowance for loan losses to loans
1.07%
Non-performing assets to total loans
1.49%
Tier 1 capital (to average assets) 8.44%
Risk-based capital 11.68%
1.91%
26.36%
3.59% 53.48%
1.19%
1.71%
8.13% 12.13%
(Dollars in thousands)
Quarter
Ending
09/30/14
INCOME DATA Net interest income $25,608
Provision for credit losses
(683)
Non-interest income 3,591
Non-interest expense (15,603)
Income tax expense (4,882) Net income from
continuing operations
8,031
Net income from
CCF&N discontinued operations
-
Net Income$8,031
Pre-tax pre-provision operating earnings, excluding
discontinued operations & one-time
loan sale
Quarter
Ending
09/30/13
$23,924
(7)
6,129
(15,549)
(5,271)
9,226
4,620
$13,846
13,596
12,507
PERIOD-END BALANCE SHEET DATA Loans, net $2,427,152
Loans held for sale
834
Securities 332,367
Earning assets 2,828,688
Total assets 3,009,796
Non-interest-bearing deposits 613,484
Total deposits 2,497,408
Shareholders’ equity 281,882
$2,183,303
8,319
311,623
2,599,982
2,784,611
519,809
2,369,036
256,929
RATIOS Net interest margin
3.64%
Efficiency ratio from continuing
operations 53.44%
Allowance for loan losses to loans
excluding loans held for sale 1.07%
Non-performing assets to total loans
1.47%
Tier 1 capital (to average assets) 9.01%
Risk-based capital 11.75%
3.70% 51.74%
1.19%
1.69%
8.80% 11.77%
Dear Fellow Shareholders,
USAmeriBancorp, Inc. continued its pattern of solid performance
in the third quarter of 2014.
Consolidated net income available to common shareholders for
the third quarter of 2014 was $7.2 million, compared with $12.8
million in the year-ago period. On a diluted per common share
basis, earnings for the third quarter were $.73, compared to $1.33
in the third quarter of 2013.
It is important to note that the third quarter 2013 results included
a $0.61 increase in diluted earnings per common share as a result
of the sale of the Connelly, Carlisle, Fields & Nichols insurance
division as well as a one-time gain on the sale of a pool of loans.
These transactions combined contributed $5.8 million in after-tax
income to the 2013 third quarter results.
improvement from 2.5% in the previous year. We are excited
about this growth yet more excited about the prospects from the
remaining 97.2% of market share in the area.
Meanwhile, Aliant Bank continues to have solid market share
in Alabama, particularly in the markets of Montgomery (No. 7
ranking) and Alexander City (No. 1 ranking).
As discussed in recent shareholder letters, competition continues
to intensify for deposits and loans as the economy continues to
improve in both Florida and Alabama. That said, we continue to
be optimistic for our future, knowing that personal service is a
differentiator that never goes out of style.
As always, we are very thankful for your support, and we welcome
your questions or comments.
The Company’s results of operations for the third quarter
produced an annualized return on average assets of 1.02%,
compared to 1.91% in the year-ago period. Book value grew by
11.8% to $23.59 in the third quarter of 2014, compared to $21.10
in the year-ago period.
As the Company works to continue our growth while building
best-in-class operations capabilities, we continued to make
key additions to our management team. In the third quarter,
we brought on three outstanding highly experienced banking
professionals:
• Greg Olivier, Chief Risk and Credit Officer, brings more than
20 years of risk management experience, including positions
at First Southern Bancorp, First Horizon National Corp. and
Wachovia Corp.
• David Ide, Chief Investment Officer & Economist, was
previously Senior VP/Treasurer for Taylor Capital Group and its
$5.9 billion bank subsidiary, Cole Taylor Bank.
• Betty Lewis, Chief Internal Auditor, spent 11 years with IBB
Outsourcing, and prior to that was an audit manager and vice
president with Citigroup.
This level of leadership only adds to the deep team we have built,
which has helped us build strong market share in our Florida and
Alabama markets. On a year-over-year basis, the Bank has grown
loans by 11% and noninterest bearing deposits by 17%.
The FDIC’s most recent report for the Tampa Bay MSA ranks
USAmeriBank No. 8 in total deposit market share, at 2.8%, an
Jennifer W. Steans
Chairman of the Board
Joseph V. Chillura
President & Chief Executive Officer
(Dollars in thousands,
except per share amounts)
Quarter
Ending
09/30/14
INCOME DATA Net interest income $24,991
Provision for credit losses
(683)
Non-interest income 3,611
Non-interest expense (15,654)
Income tax expense (4,631) Net income from
continuing operations
7,634
Net income from
CCF&N discontinued operations
-
Net Income$7,634
Net income to common shareholders
$7,153
Net income to common shareholders
from core operations
7,153
Pre-tax pre-provision
operating earnings
12,946
Pre-tax pre-provision core operating earnings, excluding
discontinued operations & one-time
loan sale
12,946
PERIOD-END BALANCE SHEET DATA Loans, net $2,427,338
Loans held for sale
834
Securities 332,457
Earning assets 2,829,171
Total assets 3,011,204
Non-interest-bearing deposits 603,255
Total deposits 2,487,179
Shareholders’ equity 250,257
COMMON SHARE DATA Earnings per share: Basic Diluted Diluted, excluding discontinued
operations & one-time loan sale
Book value per common share Tangible book value per common share
Quarter
Ending
09/30/13
$23,190
(7)
6,129
(15,681)
(4,936)
8,695
4,620
$13,315
$12,812
6,945
18,258
11,641
$2,183,482
8,319
311,735
2,600,479
2,786,536
515,758
2,364,985
223,796
$0.74
$0.73
$1.34
$1.33
$0.74
$23.59
$22.06
$0.72
$21.10
$19.44
RATIOS Return on average assets
1.02%
Return on average common equity
12.54%
Net interest margin
3.55%
Efficiency ratio from continuing
operations 54.73%
Allowance for loan losses to loans
1.07%
Non-performing assets to total loans
1.49%
Tier 1 capital (to average assets) 8.44%
Risk-based capital 11.68%
1.91%
26.36%
3.59% 53.48%
1.19%
1.71%
8.13% 12.13%
(Dollars in thousands)
Quarter
Ending
09/30/14
INCOME DATA Net interest income $25,608
Provision for credit losses
(683)
Non-interest income 3,591
Non-interest expense (15,603)
Income tax expense (4,882) Net income from
continuing operations
8,031
Net income from
CCF&N discontinued operations
-
Net Income$8,031
Pre-tax pre-provision operating earnings, excluding
discontinued operations & one-time
loan sale
Quarter
Ending
09/30/13
$23,924
(7)
6,129
(15,549)
(5,271)
9,226
4,620
$13,846
13,596
12,507
PERIOD-END BALANCE SHEET DATA Loans, net $2,427,152
Loans held for sale
834
Securities 332,367
Earning assets 2,828,688
Total assets 3,009,796
Non-interest-bearing deposits 613,484
Total deposits 2,497,408
Shareholders’ equity 281,882
$2,183,303
8,319
311,623
2,599,982
2,784,611
519,809
2,369,036
256,929
RATIOS Net interest margin
3.64%
Efficiency ratio from continuing
operations 53.44%
Allowance for loan losses to loans
excluding loans held for sale 1.07%
Non-performing assets to total loans
1.47%
Tier 1 capital (to average assets) 9.01%
Risk-based capital 11.75%
3.70% 51.74%
1.19%
1.69%
8.80% 11.77%
Dear Fellow Shareholders,
USAmeriBancorp, Inc. continued its pattern of solid performance
in the third quarter of 2014.
Consolidated net income available to common shareholders for
the third quarter of 2014 was $7.2 million, compared with $12.8
million in the year-ago period. On a diluted per common share
basis, earnings for the third quarter were $.73, compared to $1.33
in the third quarter of 2013.
It is important to note that the third quarter 2013 results included
a $0.61 increase in diluted earnings per common share as a result
of the sale of the Connelly, Carlisle, Fields & Nichols insurance
division as well as a one-time gain on the sale of a pool of loans.
These transactions combined contributed $5.8 million in after-tax
income to the 2013 third quarter results.
improvement from 2.5% in the previous year. We are excited
about this growth yet more excited about the prospects from the
remaining 97.2% of market share in the area.
Meanwhile, Aliant Bank continues to have solid market share
in Alabama, particularly in the markets of Montgomery (No. 7
ranking) and Alexander City (No. 1 ranking).
As discussed in recent shareholder letters, competition continues
to intensify for deposits and loans as the economy continues to
improve in both Florida and Alabama. That said, we continue to
be optimistic for our future, knowing that personal service is a
differentiator that never goes out of style.
As always, we are very thankful for your support, and we welcome
your questions or comments.
The Company’s results of operations for the third quarter
produced an annualized return on average assets of 1.02%,
compared to 1.91% in the year-ago period. Book value grew by
11.8% to $23.59 in the third quarter of 2014, compared to $21.10
in the year-ago period.
As the Company works to continue our growth while building
best-in-class operations capabilities, we continued to make
key additions to our management team. In the third quarter,
we brought on three outstanding highly experienced banking
professionals:
• Greg Olivier, Chief Risk and Credit Officer, brings more than
20 years of risk management experience, including positions
at First Southern Bancorp, First Horizon National Corp. and
Wachovia Corp.
• David Ide, Chief Investment Officer & Economist, was
previously Senior VP/Treasurer for Taylor Capital Group and its
$5.9 billion bank subsidiary, Cole Taylor Bank.
• Betty Lewis, Chief Internal Auditor, spent 11 years with IBB
Outsourcing, and prior to that was an audit manager and vice
president with Citigroup.
This level of leadership only adds to the deep team we have built,
which has helped us build strong market share in our Florida and
Alabama markets. On a year-over-year basis, the Bank has grown
loans by 11% and noninterest bearing deposits by 17%.
The FDIC’s most recent report for the Tampa Bay MSA ranks
USAmeriBank No. 8 in total deposit market share, at 2.8%, an
Jennifer W. Steans
Chairman of the Board
Joseph V. Chillura
President & Chief Executive Officer
(Dollars in thousands,
except per share amounts)
Quarter
Ending
09/30/14
INCOME DATA Net interest income $24,991
Provision for credit losses
(683)
Non-interest income 3,611
Non-interest expense (15,654)
Income tax expense (4,631) Net income from
continuing operations
7,634
Net income from
CCF&N discontinued operations
-
Net Income$7,634
Net income to common shareholders
$7,153
Net income to common shareholders
from core operations
7,153
Pre-tax pre-provision
operating earnings
12,946
Pre-tax pre-provision core operating earnings, excluding
discontinued operations & one-time
loan sale
12,946
PERIOD-END BALANCE SHEET DATA Loans, net $2,427,338
Loans held for sale
834
Securities 332,457
Earning assets 2,829,171
Total assets 3,011,204
Non-interest-bearing deposits 603,255
Total deposits 2,487,179
Shareholders’ equity 250,257
COMMON SHARE DATA Earnings per share: Basic Diluted Diluted, excluding discontinued
operations & one-time loan sale
Book value per common share Tangible book value per common share
Quarter
Ending
09/30/13
$23,190
(7)
6,129
(15,681)
(4,936)
8,695
4,620
$13,315
$12,812
6,945
18,258
11,641
$2,183,482
8,319
311,735
2,600,479
2,786,536
515,758
2,364,985
223,796
$0.74
$0.73
$1.34
$1.33
$0.74
$23.59
$22.06
$0.72
$21.10
$19.44
RATIOS Return on average assets
1.02%
Return on average common equity
12.54%
Net interest margin
3.55%
Efficiency ratio from continuing
operations 54.73%
Allowance for loan losses to loans
1.07%
Non-performing assets to total loans
1.49%
Tier 1 capital (to average assets) 8.44%
Risk-based capital 11.68%
1.91%
26.36%
3.59% 53.48%
1.19%
1.71%
8.13% 12.13%
(Dollars in thousands)
Quarter
Ending
09/30/14
INCOME DATA Net interest income $25,608
Provision for credit losses
(683)
Non-interest income 3,591
Non-interest expense (15,603)
Income tax expense (4,882) Net income from
continuing operations
8,031
Net income from
CCF&N discontinued operations
-
Net Income$8,031
Pre-tax pre-provision operating earnings, excluding
discontinued operations & one-time
loan sale
Quarter
Ending
09/30/13
$23,924
(7)
6,129
(15,549)
(5,271)
9,226
4,620
$13,846
13,596
12,507
PERIOD-END BALANCE SHEET DATA Loans, net $2,427,152
Loans held for sale
834
Securities 332,367
Earning assets 2,828,688
Total assets 3,009,796
Non-interest-bearing deposits 613,484
Total deposits 2,497,408
Shareholders’ equity 281,882
$2,183,303
8,319
311,623
2,599,982
2,784,611
519,809
2,369,036
256,929
RATIOS Net interest margin
3.64%
Efficiency ratio from continuing
operations 53.44%
Allowance for loan losses to loans
excluding loans held for sale 1.07%
Non-performing assets to total loans
1.47%
Tier 1 capital (to average assets) 9.01%
Risk-based capital 11.75%
3.70% 51.74%
1.19%
1.69%
8.80% 11.77%
Dear Fellow Shareholders,
USAmeriBancorp, Inc. continued its pattern of solid performance
in the third quarter of 2014.
Consolidated net income available to common shareholders for
the third quarter of 2014 was $7.2 million, compared with $12.8
million in the year-ago period. On a diluted per common share
basis, earnings for the third quarter were $.73, compared to $1.33
in the third quarter of 2013.
It is important to note that the third quarter 2013 results included
a $0.61 increase in diluted earnings per common share as a result
of the sale of the Connelly, Carlisle, Fields & Nichols insurance
division as well as a one-time gain on the sale of a pool of loans.
These transactions combined contributed $5.8 million in after-tax
income to the 2013 third quarter results.
improvement from 2.5% in the previous year. We are excited
about this growth yet more excited about the prospects from the
remaining 97.2% of market share in the area.
Meanwhile, Aliant Bank continues to have solid market share
in Alabama, particularly in the markets of Montgomery (No. 7
ranking) and Alexander City (No. 1 ranking).
As discussed in recent shareholder letters, competition continues
to intensify for deposits and loans as the economy continues to
improve in both Florida and Alabama. That said, we continue to
be optimistic for our future, knowing that personal service is a
differentiator that never goes out of style.
As always, we are very thankful for your support, and we welcome
your questions or comments.
The Company’s results of operations for the third quarter
produced an annualized return on average assets of 1.02%,
compared to 1.91% in the year-ago period. Book value grew by
11.8% to $23.59 in the third quarter of 2014, compared to $21.10
in the year-ago period.
As the Company works to continue our growth while building
best-in-class operations capabilities, we continued to make
key additions to our management team. In the third quarter,
we brought on three outstanding highly experienced banking
professionals:
• Greg Olivier, Chief Risk and Credit Officer, brings more than
20 years of risk management experience, including positions
at First Southern Bancorp, First Horizon National Corp. and
Wachovia Corp.
• David Ide, Chief Investment Officer & Economist, was
previously Senior VP/Treasurer for Taylor Capital Group and its
$5.9 billion bank subsidiary, Cole Taylor Bank.
• Betty Lewis, Chief Internal Auditor, spent 11 years with IBB
Outsourcing, and prior to that was an audit manager and vice
president with Citigroup.
This level of leadership only adds to the deep team we have built,
which has helped us build strong market share in our Florida and
Alabama markets. On a year-over-year basis, the Bank has grown
loans by 11% and noninterest bearing deposits by 17%.
The FDIC’s most recent report for the Tampa Bay MSA ranks
USAmeriBank No. 8 in total deposit market share, at 2.8%, an
Jennifer W. Steans
Chairman of the Board
Joseph V. Chillura
President & Chief Executive Officer
(Dollars in thousands,
except per share amounts)
Quarter
Ending
09/30/14
INCOME DATA Net interest income $24,991
Provision for credit losses
(683)
Non-interest income 3,611
Non-interest expense (15,654)
Income tax expense (4,631) Net income from
continuing operations
7,634
Net income from
CCF&N discontinued operations
-
Net Income$7,634
Net income to common shareholders
$7,153
Net income to common shareholders
from core operations
7,153
Pre-tax pre-provision
operating earnings
12,946
Pre-tax pre-provision core operating earnings, excluding
discontinued operations & one-time
loan sale
12,946
PERIOD-END BALANCE SHEET DATA Loans, net $2,427,338
Loans held for sale
834
Securities 332,457
Earning assets 2,829,171
Total assets 3,011,204
Non-interest-bearing deposits 603,255
Total deposits 2,487,179
Shareholders’ equity 250,257
COMMON SHARE DATA Earnings per share: Basic Diluted Diluted, excluding discontinued
operations & one-time loan sale
Book value per common share Tangible book value per common share
Quarter
Ending
09/30/13
$23,190
(7)
6,129
(15,681)
(4,936)
8,695
4,620
$13,315
$12,812
6,945
18,258
11,641
$2,183,482
8,319
311,735
2,600,479
2,786,536
515,758
2,364,985
223,796
$0.74
$0.73
$1.34
$1.33
$0.74
$23.59
$22.06
$0.72
$21.10
$19.44
RATIOS Return on average assets
1.02%
Return on average common equity
12.54%
Net interest margin
3.55%
Efficiency ratio from continuing
operations 54.73%
Allowance for loan losses to loans
1.07%
Non-performing assets to total loans
1.49%
Tier 1 capital (to average assets) 8.44%
Risk-based capital 11.68%
1.91%
26.36%
3.59% 53.48%
1.19%
1.71%
8.13% 12.13%
(Dollars in thousands)
Quarter
Ending
09/30/14
INCOME DATA Net interest income $25,608
Provision for credit losses
(683)
Non-interest income 3,591
Non-interest expense (15,603)
Income tax expense (4,882) Net income from
continuing operations
8,031
Net income from
CCF&N discontinued operations
-
Net Income$8,031
Pre-tax pre-provision operating earnings, excluding
discontinued operations & one-time
loan sale
Quarter
Ending
09/30/13
$23,924
(7)
6,129
(15,549)
(5,271)
9,226
4,620
$13,846
13,596
12,507
PERIOD-END BALANCE SHEET DATA Loans, net $2,427,152
Loans held for sale
834
Securities 332,367
Earning assets 2,828,688
Total assets 3,009,796
Non-interest-bearing deposits 613,484
Total deposits 2,497,408
Shareholders’ equity 281,882
$2,183,303
8,319
311,623
2,599,982
2,784,611
519,809
2,369,036
256,929
RATIOS Net interest margin
3.64%
Efficiency ratio from continuing
operations 53.44%
Allowance for loan losses to loans
excluding loans held for sale 1.07%
Non-performing assets to total loans
1.47%
Tier 1 capital (to average assets) 9.01%
Risk-based capital 11.75%
3.70% 51.74%
1.19%
1.69%
8.80% 11.77%
Banking on Values
The success of USAmeriBank and Aliant Bank depends on how well we serve
our customers. Here are two examples of business owners who are working
Dr. Kevin Scott
D1 Sports Training and
Therapy
Tampa, Fla.
Since 2011, D1 Sports Training
and Therapy has offered training
programs, expert coaching,
and on-site sports therapy to
Tampa Bay area athletes. When
D1 decided to add a surgical center to its 28,000-square-foot facility in
Tampa, it looked to USAmeriBank for help in financing for the buildout and
equipment needs.
“USAmeriBank played an instrumental role when we decided to purchase
our building and when it came to financing the surgical center,” said Dr.
Kevin Scott, orthopedic surgeon and partner of D1 Sports Tampa.
USAmeriBank did such an excellent job that Dr. Scott decided to use the
bank’s services for his personal banking needs as well.
USAmeriBank is an independent, non-public bank based in
Clearwater, Fla. that has established itself as an outstanding
middle-market financial institution. The bank, with 12 offices
in Hillsborough and Pinellas counties of Florida, serves the
needs of individuals and businesses in the Tampa Bay area by
providing a high-level of personalized service and attention to
a targeted customer base. USAmeriBank’s parent company is
USAmeriBancorp, Inc. More information is available at
www.usameribank.com.
Locations:
Hillsborough County
Brandon
Carrollwood
Downtown Tampa
South Tampa
Westshore
Ybor City
Pinellas County
4th Street (St. Petersburg)
49th Street (Clearwater)
Belleair
Clearwater
East Bay (Largo)
Tarpon Springs
“I like working with a mid-sized bank like USAmeriBank because they give
me the personal attention of a small bank, but with the resources of a large
bank,” said Dr. Scott.
Jim Peace
President and CEO, Russell
Medical Center
Alexander City, Ala.
like attracting top-notch medical staff.
Russell Medical Center turns to
Aliant Bank for more than its
banking needs, because it sees
the bank as a true partnerthat
supports key strategic initiatives
“Aliant’s bankers have been very receptive to meeting with candidates we
bring to the area,” said Jim Peace, president and CEO of Russell Medical
Center. “They don’t talk just about the bank’s services, but provide insights
about the local housing market and the community.”
As a progressive, acute care facility, Russell Medical Center is committed to
providing quality, personalized care through teamwork and professionalism.
“We have shared values with Aliant Bank, and that is why we’ve used them
for years,” said Peace. “If there is ever something we need, I don’t hesitate to
call Aliant for assistance. ”
usameribank.com
with us as they grow, thanks to relationships that go far beyond loans.
THIRD Quarter 2014
Financial Highlights
4790 140th Avenue North
Clearwater, FL 33762
Aliant Bank, a division of USAmeriBank, has corporate offices
in Birmingham and Alexander City, Alabama. Started in 1900,
the bank operates 15 offices in Tallapoosa, Jefferson, Lee,
Montgomery, Elmore, Shelby, and St. Clair counties of Alabama.
Aliant offers a complete line of banking and other related
financial services to commercial, retail and real estate customers.
For more information, visit the company website located at
www.aliantbank.com.
Locations:
Birmingham Region
Montgomery Region
AlabasterAuburn
Birmingham Meadow Brook
Millbrook
CrestlineMontgomery Downtown
Gardendale
Montgomery Eastmont
Pell City
Montgomery Festival Plaza
Montgomery Zelda Road
Tallapoosa Region
Wetumpka
Alexander City
Mill Square
Dadeville
usameribank.com
Banking on Values
The success of USAmeriBank and Aliant Bank depends on how well we serve
our customers. Here are two examples of business owners who are working
Dr. Kevin Scott
D1 Sports Training and
Therapy
Tampa, Fla.
Since 2011, D1 Sports Training
and Therapy has offered training
programs, expert coaching,
and on-site sports therapy to
Tampa Bay area athletes. When
D1 decided to add a surgical center to its 28,000-square-foot facility in
Tampa, it looked to USAmeriBank for help in financing for the buildout and
equipment needs.
“USAmeriBank played an instrumental role when we decided to purchase
our building and when it came to financing the surgical center,” said Dr.
Kevin Scott, orthopedic surgeon and partner of D1 Sports Tampa.
USAmeriBank did such an excellent job that Dr. Scott decided to use the
bank’s services for his personal banking needs as well.
USAmeriBank is an independent, non-public bank based in
Clearwater, Fla. that has established itself as an outstanding
middle-market financial institution. The bank, with 12 offices
in Hillsborough and Pinellas counties of Florida, serves the
needs of individuals and businesses in the Tampa Bay area by
providing a high-level of personalized service and attention to
a targeted customer base. USAmeriBank’s parent company is
USAmeriBancorp, Inc. More information is available at
www.usameribank.com.
Locations:
Hillsborough County
Brandon
Carrollwood
Downtown Tampa
South Tampa
Westshore
Ybor City
Pinellas County
4th Street (St. Petersburg)
49th Street (Clearwater)
Belleair
Clearwater
East Bay (Largo)
Tarpon Springs
“I like working with a mid-sized bank like USAmeriBank because they give
me the personal attention of a small bank, but with the resources of a large
bank,” said Dr. Scott.
Jim Peace
President and CEO, Russell
Medical Center
Alexander City, Ala.
like attracting top-notch medical staff.
Russell Medical Center turns to
Aliant Bank for more than its
banking needs, because it sees
the bank as a true partnerthat
supports key strategic initiatives
“Aliant’s bankers have been very receptive to meeting with candidates we
bring to the area,” said Jim Peace, president and CEO of Russell Medical
Center. “They don’t talk just about the bank’s services, but provide insights
about the local housing market and the community.”
As a progressive, acute care facility, Russell Medical Center is committed to
providing quality, personalized care through teamwork and professionalism.
“We have shared values with Aliant Bank, and that is why we’ve used them
for years,” said Peace. “If there is ever something we need, I don’t hesitate to
call Aliant for assistance. ”
usameribank.com
with us as they grow, thanks to relationships that go far beyond loans.
THIRD Quarter 2014
Financial Highlights
4790 140th Avenue North
Clearwater, FL 33762
Aliant Bank, a division of USAmeriBank, has corporate offices
in Birmingham and Alexander City, Alabama. Started in 1900,
the bank operates 15 offices in Tallapoosa, Jefferson, Lee,
Montgomery, Elmore, Shelby, and St. Clair counties of Alabama.
Aliant offers a complete line of banking and other related
financial services to commercial, retail and real estate customers.
For more information, visit the company website located at
www.aliantbank.com.
Locations:
Birmingham Region
Montgomery Region
AlabasterAuburn
Birmingham Meadow Brook
Millbrook
CrestlineMontgomery Downtown
Gardendale
Montgomery Eastmont
Pell City
Montgomery Festival Plaza
Montgomery Zelda Road
Tallapoosa Region
Wetumpka
Alexander City
Mill Square
Dadeville
usameribank.com
Banking on Values
The success of USAmeriBank and Aliant Bank depends on how well we serve
our customers. Here are two examples of business owners who are working
Dr. Kevin Scott
D1 Sports Training and
Therapy
Tampa, Fla.
Since 2011, D1 Sports Training
and Therapy has offered training
programs, expert coaching,
and on-site sports therapy to
Tampa Bay area athletes. When
D1 decided to add a surgical center to its 28,000-square-foot facility in
Tampa, it looked to USAmeriBank for help in financing for the buildout and
equipment needs.
“USAmeriBank played an instrumental role when we decided to purchase
our building and when it came to financing the surgical center,” said Dr.
Kevin Scott, orthopedic surgeon and partner of D1 Sports Tampa.
USAmeriBank did such an excellent job that Dr. Scott decided to use the
bank’s services for his personal banking needs as well.
USAmeriBank is an independent, non-public bank based in
Clearwater, Fla. that has established itself as an outstanding
middle-market financial institution. The bank, with 12 offices
in Hillsborough and Pinellas counties of Florida, serves the
needs of individuals and businesses in the Tampa Bay area by
providing a high-level of personalized service and attention to
a targeted customer base. USAmeriBank’s parent company is
USAmeriBancorp, Inc. More information is available at
www.usameribank.com.
Locations:
Hillsborough County
Brandon
Carrollwood
Downtown Tampa
South Tampa
Westshore
Ybor City
Pinellas County
4th Street (St. Petersburg)
49th Street (Clearwater)
Belleair
Clearwater
East Bay (Largo)
Tarpon Springs
“I like working with a mid-sized bank like USAmeriBank because they give
me the personal attention of a small bank, but with the resources of a large
bank,” said Dr. Scott.
Jim Peace
President and CEO, Russell
Medical Center
Alexander City, Ala.
like attracting top-notch medical staff.
Russell Medical Center turns to
Aliant Bank for more than its
banking needs, because it sees
the bank as a true partnerthat
supports key strategic initiatives
“Aliant’s bankers have been very receptive to meeting with candidates we
bring to the area,” said Jim Peace, president and CEO of Russell Medical
Center. “They don’t talk just about the bank’s services, but provide insights
about the local housing market and the community.”
As a progressive, acute care facility, Russell Medical Center is committed to
providing quality, personalized care through teamwork and professionalism.
“We have shared values with Aliant Bank, and that is why we’ve used them
for years,” said Peace. “If there is ever something we need, I don’t hesitate to
call Aliant for assistance. ”
usameribank.com
with us as they grow, thanks to relationships that go far beyond loans.
THIRD Quarter 2014
Financial Highlights
4790 140th Avenue North
Clearwater, FL 33762
Aliant Bank, a division of USAmeriBank, has corporate offices
in Birmingham and Alexander City, Alabama. Started in 1900,
the bank operates 15 offices in Tallapoosa, Jefferson, Lee,
Montgomery, Elmore, Shelby, and St. Clair counties of Alabama.
Aliant offers a complete line of banking and other related
financial services to commercial, retail and real estate customers.
For more information, visit the company website located at
www.aliantbank.com.
Locations:
Birmingham Region
Montgomery Region
AlabasterAuburn
Birmingham Meadow Brook
Millbrook
CrestlineMontgomery Downtown
Gardendale
Montgomery Eastmont
Pell City
Montgomery Festival Plaza
Montgomery Zelda Road
Tallapoosa Region
Wetumpka
Alexander City
Mill Square
Dadeville
usameribank.com