First Quarter Blitz

First Quarter Blitz

By Francis X. Gilpin

Associate Editor

All is right with the world of Gulf Coast community banking. The 46 community banks and thrifts that are chartered within the five-county circulation area of the Gulf Coast Business Review earned a collective $20.7 million during the first quarter of 2005. That was about $7 million, or 51%, higher than what they earned for the same period last year.

"I've never seen asset quality like this," says veteran banker John P. O'Neill, president of Century Bank in Sarasota. "And we're not having to pay up for deposits."

That sounds like a great climate for making money in community banking.

Century Bank, a unit of Pompano Beach-based Century Financial Group Inc., continues on a tear. The Sarasota thrift has increased assets by 25% and deposits by 31% during the past year. But the $539 million-asset Century Bank also boosted profits by 37%.

"I've been able to groom a team. When you've been working together for a while, the execution is much easier," says O'Neill, the Review's 2004 banker of the year. "They know all the dance steps."

Other banks are emphasizing growth. Coast Bank of Florida and the Bank of St. Petersburg grew by leaps and bounds.

Coast, a subsidiary of Coast Financial Holdings Inc., added $120 million in assets from first-quarter 2004 to first-quarter 2005. That brings the Bradenton bank's asset total to $424 million, accumulated in just five years.

The Bank of St. Petersburg, which has moved rapidly into Tampa, attracted $64 million in additional deposits over last year, a 73% hike. But the $198 million-asset subsidiary of Tampa-based Bank of St. Petersburg Holdings Inc., also climbed back into the black for the first quarter. Following a $455,000 loss for the 2004 quarter, the bank reported net income of $155,000 this year so far.

Local banks that have had growing pains or regulatory issues are starting to pick up the pace, too.

Take People's Community Bank of the West Coast, with $214 million in assets.

The Sarasota bank was among the 10 best Gulf Coast banks at bringing in more deposits and making more loans during the first quarter. Assets went up 50% over last year.

But the 5-and-a-half-year-old bank, a unit of People's Community Bancshares Inc., saw a better than fourfold jump in net income for the quarter. Earnings went from $92,000 last year to $438,000 for the January-to-March period this year. People's Community Bank also showed some of the best improvement in returns of any Gulf Coast bank.

Neil D. McCurry Jr., president and chief executive of People's Community Bank, says his institution is beginning to come into its own.

"When you first open, you've got tellers and check processors but you don't have customers yet," says McCurry. "We had some capacity but we know we're growing into it now."

People's Community Bank does mostly business and commercial real estate lending. So McCurry says his loan officers haven't had to worry as much about housing bubbles and interest-only residential mortgages.

The bank recently opened an office in Venice and is considering other locations for 2006 and 2007 within its primary service area of Manatee and Sarasota counties. "We're just going to continue to work hard and grow into our infrastructure," says McCurry.

McCurry says the bank's second quarter is shaping up better than the first.

A smaller commercial specialist, Southern Commerce Bank, is regaining some footing. The Tampa bank, with $87 million in assets, is recovering nicely from a 2002 cease-and-desist order that was issued by state and federal regulators over its lending and capital management practices.

Southern Commerce dramatically improved net income for the quarter, adding $252,000 to the bottom line. Return on assets increased by 122 basis points while return on equity jumped 1,050 basis points.

The Bank of Tampa keeps chugging along. During the first quarter, the subsidiary of the Tampa Banking Co. enhanced what is already one of the most valuable community banking franchises on the Gulf Coast.

Assets and deposits increased at the same 15% clip, a good pace for an established bank. The 32-year-old bank now has $740 million in assets.

But the profit picture was more impressive. The Bank of Tampa was the most profitable bank in the region, earning $1.7 million for the quarter. That was a very respectable improvement of 85% over the year-earlier quarter.

The Bank of Tampa concentrates on professionals and family-owned businesses in Hillsborough County. "We do a better job of servicing that group than anybody else in this market," says President A. Gerald Divers. "And people have come to know that. When people are unhappy with their bank, a friend, their accountant, their lawyer will mention us."

Divers thought the word-of-mouth approach was the best promotion. He says he has been surprised by the fact that the bank has doubled in size since it began a major print advertising push. Divers won't credit the customer testimonials in the ads for all of that growth, but he figures it has to be more than a coincidence.

A rising interest rate environment should help profitability at his bank, according to Divers.

On the liability side of the ledger, the Bank of Tampa has an unusually large percentage of demand deposits because of its customer loyalty, says Divers. Those deposits are expensive to service. But they become less so as rates return closer to historical norms, he says.

Best return on equity

ROE 3/31/05 ROE 3/31/04 Chng.

1. Community National Bank of Sarasota Co. Venice 34.58 27.16 7.42

2. Century Bank, a Federal Savings Bank Sarasota 19.65 18.62 1.03

3. Platinum Bank Brandon 19.18 16.92 2.26

4. First Home Bank Seminole 18.54 26.03 -7.49

5. Flagship National Bank Bradenton 17.16 8.34 8.82

6. Horizon Bank Bradenton 15.15 7.19 7.96

7. Heritage Bank of Florida Lutz 14.87 10.32 4.55

8. First National Bank of Pasco Dade City 14.75 13.05 1.7

9. 1st National Bank & Trust Bradenton 14.58 11.8 2.78

10. The Bank of Commerce Sarasota 14.45 8.98 5.47

11. Valrico State Bank Valrico 14 15.35 -1.35

12. Centerstate Bank West Fla. National Assn. Zephyrhills 13.42 40.96 -27.54

13. The Bank of Tampa Tampa 12.99 8.41 4.58

14. First Community Bank of America St. Petersburg 12.85 11.46 1.39

15. First Commercial Bank of Tampa Bay Tampa 12.75 5.25 7.5

16. Signature Bank St. Petersburg 12.35 4.14 8.21

17. First Kensington Bank Tampa 12.3 12.32 -0.02

18. TCM Bank, National Association Tampa 12.11 4.97 7.14

19, Southern Commerce Bank Tampa 11.36 0.86 10.5

20. Manatee River Community Bank Palmetto 11.22 11.54 -0.32

21. People's Comm. Bank of the West Coast Sarasota 10.82 3.02 7.8

22. Cornerstone Community Bank St. Petersburg 10.65 8.43 2.22

23. Community Bank of Manatee Bradenton 10.53 8.39 2.14

24. LandMark Bank of Florida Sarasota 10.17 7.37 2.8

25. Hillsboro Bank Plant City 9.86 9.87 -0.01

26. Bay Cities Bank Tampa 9.65 6.89 2.76

27. Century Bank of Florida Tampa 8.91 5.67 3.24

28. Raymond James Bank, FSB St. Petersburg 8.69 8.09 0.6

29. Sunshine State Federal S&L Association Plant City 8.31 4.87 3.44

30. First State Bank Sarasota 7.92 11.31 -3.39

31. Pilot Bank Tampa 7.27 10.75 -3.48

32. United Bank and Trust Company St. Petersburg 7.11 5.24 1.87

33. Bay Financial Savings Bank FSB Tampa 5.54 4.83 0.71

34. Suncoast Bank Sarasota 5.07 3.6 1.47

35. Peoples Bank Palm Harbor 4.92 4.67 0.25

36. First Citrus Bank Tampa 4.74 1.02 3.72

37. GulfStream Community Bank Port Richey 3.91 3.78 0.13

38. The Bank of Venice Venice 3.62 -6.39 10.01

39. Bank of St. Petersburg Tampa 2.48 -9.42 11.9

40. Coast Bank of Florida Bradenton 1.26 1.33 -0.07

41. United Bank of the Gulf Coast Sarasota 0.97 0 0.97

42. The Palm Bank Tampa 0.62 0.04 0.58

43. Old Harbor Bank Clearwater -2.34 -6.46 4.12

44. First Priority Bank Bradenton -3.16 -15.42 12.26

45. Members Trust Company Tampa -4.04 -7.8 3.76

46. Florida Capital Bank, National Assn. Tarpon Springs -8.87 3.3 -12.17

MOST IMPROVED RETURN ON EQUITY

1. First Priority Bank Bradenton -3.16 -15.42 12.26

2. Bank of St. Petersburg Tampa 2.48 -9.42 11.9

3. Southern Commerce Bank Tampa 11.36 0.86 10.5

4. The Bank of Venice Venice 3.62 -6.39 10.01

5. Flagship National Bank Bradenton 17.16 8.34 8.82

6. Signature Bank St. Petersburg 12.35 4.14 8.21

7. Horizon Bank Bradenton 15.15 7.19 7.96

8. People's Comm. Bank of the West Coast Sarasota 10.82 3.02 7.8

9. First Commercial Bank of Tampa Bay Tampa 12.75 5.25 7.5

10. Community National Bank of Sarasota Co. Venice 34.58 27.16 7.42

11. TCM Bank, National Association Tampa 12.11 4.97 7.14

12. The Bank of Commerce Sarasota 14.45 8.98 5.47

13. The Bank of Tampa Tampa 12.99 8.41 4.58

14. Heritage Bank of Florida Lutz 14.87 10.32 4.55

15. Old Harbor Bank Clearwater -2.34 -6.46 4.12

16. Members Trust Company Tampa -4.04 -7.8 3.76

17. irst Citrus Bank Tampa 4.74 1.02 3.72

18. Sunshine State Federal S&L Association Plant City 8.31 4.87 3.44

19. Century Bank of Florida Tampa 8.91 5.67 3.24

20. LandMark Bank of Florida Sarasota 10.17 7.37 2.8

21. 1st National Bank & Trust Bradenton 14.58 11.8 2.78

22. Bay Cities Bank Tampa 9.65 6.89 2.76

23. Platinum Bank Brandon 19.18 16.92 2.26

24. Cornerstone Community Bank St. Petersburg 10.65 8.43 2.22

25. Community Bank of Manatee Bradenton 10.53 8.39 2.14

26. United Bank and Trust Company St. Petersburg 7.11 5.24 1.87

27. First National Bank of Pasco Dade City 14.75 13.05 1.7

28. Suncoast Bank Sarasota 5.07 3.6 1.47

29. First Community Bank of America St. Petersburg 12.85 11.46 1.39

HOW THEY RANK BY NET INCOME

($ in 000s) 3/31/2005 3/31/2004 Change % Chg.

1. The Bank of Tampa Tampa $1,748 $945 $803 85.0%

2. Raymond James Bank FSB St. Petersburg $1,736 $1,456 $280 19.2%

3. Century Bank, a Federal Savings Bank Sarasota $1,701 $1,245 $456 36.6%

4. United Bank and Trust Company St. Petersburg $1,544 $1,105 $439 39.7%

5. Peoples Bank Palm Harbor $1,007 $573 $434 75.7%

6. 1st National Bank & Trust Bradenton $981 $675 $306 45.3%

7. First Kensington Bank Tampa $839 $755 $84 11.1%

8. First State Bank Sarasota $827 $454 $373 82.2%

9. Platinum Bank Brandon $775 $619 $156 25.2%

10. Community National of Sarasota Co. Venice $731 $495 $236 47.7%

11. First Community Bank of America St. Petersburg $627 $455 $172 37.8%

12. Centerstate Bank West Fla. NA Zephyrhills $539 $1,443 ($904) -62.6%

13. The Bank of Commerce Sarasota $512 $292 $220 75.3%

14. TCM Bank, National Association Tampa $462 $129 $333 258.1%

15. Sunshine State Federal S&L Assn. Plant City $450 $249 $201 80.7%

16. People's Comm. Bank of West Coast Sarasota $438 $92 $346 376.1%

17. Valrico State Bank Valrico $411 $396 $15 3.8%

18. Cornerstone Community Bank St. Petersburg $403 $289 $114 39.4%

19. Bay Cities Bank Tampa $398 $223 $175 78.5%

20. Flagship National Bank Bradenton $384 $137 $247 180.3%

21. Signature Bank St. Petersburg $372 $107 $265 247.7%

22. Heritage Bank of Florida Lutz $358 $222 $136 61.3%

23. LandMark Bank of Florida Sarasota $351 $175 $176 100.6%

24. First Commercial Bank of Tampa Bay Tampa $350 $112 $238 212.5%

25. Horizon Bank Bradenton $332 $117 $215 183.8%

26. First Home Bank Seminole $313 $403 ($90) -22.3%

27. Community Bank of Manatee Bradenton $305 $208 $97 46.6%

28. Bay Financial Savings Bank FSB Tampa $305 $252 $53 21.0%

29. First National Bank of Pasco Dade City $285 $223 $62 27.8%

30. Southern Commerce Bank Tampa $272 $20 $252 1260.0%

31. Manatee River Community Bank Palmetto $232 $202 $30 14.9%

32. Pilot Bank Tampa $225 $277 ($52) -18.8%

33. Hillsboro Bank Plant City $219 $204 $15 7.4%

34. First Citrus Bank Tampa $201 $41 $160 390.2%

35. Century Bank of Florida Tampa $194 $117 $77 65.8%

36. Suncoast Bank Sarasota $170 $67 $103 153.7%

37. Bank of St. Petersburg Tampa $155 ($455) $610 NM

38. Coast Bank of Florida Bradenton $95 $80 $15 18.8%

39. GulfStream Community Bank Port Richey $84 $41 $43 104.9%

40. The Bank of Venice Venice $70 ($94) $164 NM

41. United Bank of the Gulf Coast Sarasota $52 $0 $52 NM

42. The Palm Bank Tampa $16 $1 $15 1500.0%

43. Old Harbor Bank Clearwater ($82) ($113) $31 NM

44. First Priority Bank Bradenton ($85) ($310) $225 NM

45. Members Trust Company Tampa ($220) ($261) $41 NM

46. Florida Capital Bank, National Assn. Tarpon Springs ($381) $25 ($406) -1624.0%

MOST IMPROVED PROFITS

3/31/05 3/31/04 Change % Chg.

1. The Palm Bank Tampa $16 $1 $15 1500.0%

2. Southern Commerce Bank Tampa $272 $20 $252 1260.0%

3. First Citrus Bank Tampa $201 $41 $160 390.2%

4. People's Comm. Bank of the West Coast Sarasota $438 $92 $346 376.1%

5. TCM Bank, National Association Tampa $462 $129 $333 258.1%

6. Signature Bank St. Petersburg $372 $107 $265 247.7%

7. First Commercial Bank of Tampa Bay Tampa $350 $112 $238 212.5%

8. Horizon Bank Bradenton $332 $117 $215 183.8%

9. Flagship National Bank Bradenton $384 $137 $247 180.3%

10. Suncoast Bank Sarasota $170 $67 $103 153.7%

11. GulfStream Community Bank Port Richey $84 $41 $43 104.9%

12. LandMark Bank of Florida Sarasota $351 $175 $176 100.6%

13. The Bank of Tampa Tampa $1,748 $945 $803 85.0%

14. First State Bank Sarasota $827 $454 $373 82.2%

15. Sunshine State Federal S&L Assn. Plant City $450 $249 $201 80.7%

16. Bay Cities Bank Tampa $398 $223 $175 78.5%

17. Peoples Bank Palm Harbor $1,007 $573 $434 75.7%

18. The Bank of Commerce Sarasota $512 $292 $220 75.3%

19. Century Bank of Florida Tampa $194 $117 $77 65.8%

20. Heritage Bank of Florida Lutz $358 $222 $136 61.3%

21. Community National of Sarasota Co. Venice $731 $495 $236 47.7%

22. Community Bank of Manatee Bradenton $305 $208 $97 46.6%

23. 1st National Bank & Trust Bradenton $981 $675 $306 45.3%

24. United Bank and Trust Company St. Petersburg $1,544 $1,105 $439 39.7%

25. Cornerstone Community Bank St. Petersburg $403 $289 $114 39.4%

26. First Community Bank of America St. Petersburg $627 $455 $172 37.8%

27. Century Bank, a Federal Savings Bank Sarasota $1,701 $1,245 $456 36.6%

28. First National Bank of Pasco Dade City $285 $223 $62 27.8%

29. Platinum Bank Brandon $775 $619 $156 25.2%

30. Bay Financial Savings Bank FSB Tampa $305 $252 $53 21.0%

RANKED BY RETURN ON ASSETS

3/31/2005 3/312004 % Chg.

1. Community National Bank of Sarasota Co. Venice 2.62 2.07 0.55

2. First Home Bank Seminole 1.71 2.36 -0.65

3. TCM Bank, National Association Tampa 1.54 0.57 0.97

4. Southern Commerce Bank Tampa 1.36 0.14 1.22

5. Platinum Bank Brandon 1.33 1.27 0.06

6. Century Bank, a Federal Savings Bank Sarasota 1.31 1.18 0.13

7. Heritage Bank of Florida Lutz 1.28 1.02 0.26

8. First Kensington Bank Tampa 1.23 1.04 0.19

9. Valrico State Bank Valrico 1.22 1.27 -0.05

10. Flagship National Bank Bradenton 1.21 0.55 0.66

11. Hillsboro Bank Plant City 1.21 1.33 -0.12

12. 1st National Bank & Trust Bradenton 1.2 0.94 0.26

13. First State Bank Sarasota 1.16 0.83 0.33

14. United Bank and Trust Company St. Petersburg 1.16 0.99 0.17

15. First National Bank of Pasco Dade City 1.16 1.05 0.11

16. Peoples Bank Palm Harbor 1.12 0.78 0.34

17. Horizon Bank Bradenton 1.05 0.49 0.56

18. Bay Financial Savings Bank FSB Tampa 1 0.89 0.11

19. First Community Bank of America St. Petersburg 1 0.95 0.05

20. Centerstate Bank West Florida NA Zephyrhills 1 2.96 -1.96

21. The Bank of Tampa Tampa 0.97 0.59 0.38

22. First Commercial Bank of Tampa Bay Tampa 0.95 0.38 0.57

23. Sunshine State Federal S&L Plant City 0.95 0.55 0.4

24. The Bank of Commerce Sarasota 0.93 0.74 0.19

25. Century Bank of Florida Tampa 0.91 0.78 0.13

26. Signature Bank St. Petersburg 0.88 0.36 0.52

27. People's Community Bank of West Coast Sarasota 0.86 0.28 0.58

28. Cornerstone Community Bank St. Petersburg 0.82 0.81 0.01

29. Bay Cities Bank Tampa 0.79 0.55 0.24

30. Manatee River Community Bank Palmetto 0.79 0.84 -0.05

31. LandMark Bank of Florida Sarasota 0.77 0.51 0.26

32. Community Bank of Manatee Bradenton 0.74 0.6 0.14

33. Raymond James Bank FSB St. Petersburg 0.71 0.68 0.03

34. Suncoast Bank Sarasota 0.65 0.31 0.34

35. Pilot Bank Tampa 0.65 0.82 -0.17

36. The Bank of Venice Venice 0.64 -1.43 2.07

37. GulfStream Community Bank Port Richey 0.63 0.4 0.23

38. First Citrus Bank Tampa 0.55 0.13 0.42

39. Bank of St. Petersburg Tampa 0.33 -1.71 2.04

40. United Bank of the Gulf Coast Sarasota 0.16 0 0.16

41. Coast Bank of Florida Bradenton 0.09 0.11 -0.02

42. The Palm Bank Tampa 0.08 0.01 0.07

43. Old Harbor Bank Clearwater -0.36 -1.33 0.97

44. First Priority Bank Bradenton -0.48 -5.4 4.92

45. Florida Capital Bank NA Tarpon Springs -3.48 0.39 -3.87

46. Members Trust Company Tampa -3.85 -7.4 3.5

MOST IMPROVED RETURN ON ASSETS

3/31/2005 3/31/2004 Change

1. First Priority Bank Bradenton -0.48 -5.4 4.92

2. Members Trust Company Tampa -3.85 -7.4 3.55

3. The Bank of Venice Venice 0.64 -1.43 2.07

4. Bank of St. Petersburg Tampa 0.33 -1.71 2.04

5. Southern Commerce Bank Tampa 1.36 0.14 1.22

6. TCM Bank, National Association Tampa 1.54 0.57 0.97

7. Old Harbor Bank Clearwater -0.36 -1.33 0.97

8. Flagship National Bank Bradenton 1.21 0.55 0.66

9. People's Community Bank of West Coast Sarasota 0.86 0.28 0.58

10. First Commercial Bank of Tampa Bay Tampa 0.95 0.38 0.57

11. Horizon Bank Bradenton 1.05 0.49 0.56

12. Community National Bk of Sarasota Co. Venice 2.62 2.07 0.55

13. Signature Bank St. Petersburg 0.88 0.36 0.52

14. First Citrus Bank Tampa 0.55 0.13 0.42

15. Sunshine State Federal S&L Plant City 0.95 0.55 0.4

16. The Bank of Tampa Tampa 0.97 0.59 0.38

17. Peoples Bank Palm Harbor 1.12 0.78 0.34

18. Suncoast Bank Sarasota 0.65 0.31 0.34

19. First State Bank Sarasota 1.16 0.83 0.33

20. Heritage Bank of Florida Lutz 1.28 1.02 0.26

21. 1st National Bank & Trust Bradenton 1.2 0.94 0.26

22. LandMark Bank of Florida Sarasota 0.77 0.51 0.26

23. Bay Cities Bank Tampa 0.79 0.55 0.24

24. GulfStream Community Bank Port Richey 0.63 0.4 0.23

25. The Bank of Commerce Sarasota 0.93 0.74 0.19

26. First Kensington Bank Tampa 1.23 1.04 0.19

27. United Bank and Trust Company St. Petersburg 1.16 0.99 0.17

28. United Bank of the Gulf Coast Sarasota 0.16 0 0.16

29. Community Bank of Manatee Bradenton 0.74 0.6 0.14

30. Century Bank, a Federal Savings Bank Sarasota 1.31 1.18 0.13

Source: FDIC

RANKINGS BY TOTAL ASSETS

($s in 000s) 3/31/05 3/31/04 Change % Chg.

1. Raymond James Bank FSB St. Petersburg $1,038,426 $866,720 $171,706 19.8

2. The Bank of Tampa Tampa $739,796 $644,122 $95,674 14.9

3. Century Bank Sarasota $538,796 $431,124 $107,672 25.0

4. United Bank and Trust Company St. Petersburg $526,621 $455,575 $71,046 15.6

5. Coast Bank of Florida Bradenton $423,505 $303,608 $119,897 39.5

6. Peoples Bank Palm Harbor $367,065 $335,618 $31,447 9.4

7. 1st National Bank & Trust Bradenton $334,282 $298,159 $36,123 12.1

8. First State Bank Sarasota $296,864 $223,396 $73,468 32.9

9. First Kensington Bank Tampa $277,550 $293,626 ($16,076) -5.5

10. First Community Bank of America St. Petersburg $260,416 $203,071 $57,345 28.2

11. Platinum Bank Brandon $241,789 $202,363 $39,426 19.5

12. The Bank of Commerce Sarasota $233,837 $169,629 $64,208 37.9

13. Centerstate Bank West Florida NA Zephyrhills $224,287 $183,561 $40,726 22.2

14. People's Comm. Bk of West Coast Sarasota $213,992 $142,775 $71,217 49.9

15. Bay Cities Bank Tampa $210,825 $171,308 $39,517 23.1

16. Cornerstone Community Bank St. Petersburg $200,948 $146,442 $54,506 37.2

17. LandMark Bank of Florida Sarasota $199,790 $143,218 $56,572 39.5

18. Bank of St. Petersburg Tampa $198,264 $115,949 $82,315 71.0

19. Sunshine State Federal S&L Plant City $195,127 $181,260 $13,867 7.7

20. Signature Bank St. Petersburg $173,192 $130,097 $43,095 33.1

21. Community Bank of Manatee Bradenton $167,780 $139,755 $28,025 20.1

22. First Citrus Bank Tampa $149,649 $126,278 $23,371 18.5

23. First Commercial Bank of Tampa Bay Tampa $148,164 $126,710 $21,454 16.9

24. Pilot Bank Tampa $139,141 $136,978 $2,163 1.6

25. Valrico State Bank Valrico $136,954 $127,330 $9,624 7.6

26. United Bank of the Gulf Coast Sarasota $133,137 $99,892 $33,245 33.3

27. Horizon Bank Bradenton $130,656 $101,104 $29,552 29.2

28. Flagship National Bank Bradenton $125,927 $102,934 $22,993 22.3

29. Manatee River Community Bank Palmetto $118,976 $99,514 $19,462 19.6

30. Bay Financial Savings Bank FSB Tampa $117,959 $112,737 $5,222 4.6

31.Heritage Bank of Florida Lutz $116,747 $92,818 $23,929 25.8

32. TCM Bank, National Association Tampa $116,542 $89,223 $27,319 30.6

33. Community National of Sarasota Co. Venice $113,344 $99,092 $14,252 14.4

34. Suncoast Bank Sarasota $109,802 $87,824 $21,978 25.0

35. First National Bank of Pasco Dade City $104,057 $87,134 $16,923 19.4

36. Old Harbor Bank Clearwater $95,680 $37,728 $57,952 153.6

37. Century Bank of Florida Tampa $89,630 $63,408 $26,222 41.4

38. The Palm Bank Tampa $89,567 $51,864 $37,703 72.7

39. Southern Commerce Bank Tampa $87,264 $64,257 $23,007 35.8

40. First Priority Bank Bradenton $78,919 $34,819 $44,100 126.7

41. Hillsboro Bank Plant City $77,158 $63,328 $13,830 21.8

42. First Home Bank Seminole $76,713 $69,637 $7,076 10.2

43. GulfStream Community Bank Port Richey $54,942 $43,279 $11,663 26.9

44. Florida Capital Bank NA Tarpon Springs $46,021 $25,920 $20,101 77.6

45. The Bank of Venice Venice $45,069 $28,378 $16,691 58.8

46. Members Trust Company Tampa $23,202 $18,243 $4,959 27.2

FASTEST GROWING BANKS BY ASSETS

($s in 000s) 3/31/2005 3/31/2004 Change % Chg.

1. Old Harbor Bank Clearwater $95,680 $37,728 $57,952 153.6

2. First Priority Bank Bradenton $78,919 $34,819 $44,100 126.7

3. Florida Capital Bank NA Tarpon Springs $46,021 $25,920 $20,101 77.6

4. The Palm Bank Tampa $89,567 $51,864 $37,703 72.75

5. Bank of St. Petersburg Tampa $198,264 $115,949 $82,315 71.0

6. The Bank of Venice Venice $45,069 $28,378 $16,691 58.8

7. People's Comm Bank of West Coast Sarasota $213,992 $142,775 $71,217 49.9

8. Century Bank of Florida Tampa $89,630 $63,408 $26,222 41.4

9. LandMark Bank of Florida Sarasota $199,790 $143,218 $56,572 39.5

10. Coast Bank of Florida Bradenton $423,505 $303,608 $119,897 39.5

11. The Bank of Commerce Sarasota $233,837 $169,629 $64,208 37.9

12. Cornerstone Community Bank St. Petersburg $200,948 $146,442 $54,506 37.2

13. Southern Commerce Bank Tampa $87,264 $64,257 $23,007 35.8

14. United Bank of the Gulf Coast Sarasota $133,137 $99,892 $33,245 33.3

15. Signature Bank St. Petersburg $173,192 $130,097 $43,095 33.1

16. First State Bank Sarasota $296,864 $223,396 $73,468 32.9

17. TCM Bank, National Association Tampa $116,542 $89,223 $27,319 30.6

18. Horizon Bank Bradenton $130,656 $101,104 $29,552 29.2

19. First Community Bank of America St. Petersburg $260,416 $203,071 $57,345 28.2

20. Members Trust Company Tampa $23,202 $18,243 $4,959 27.2

21. GulfStream Community Bank Port Richey $54,942 $43,279 $11,663 26.9

22. Heritage Bank of Florida Lutz $116,747 $92,818 $23,929 25.8

23. Suncoast Bank Sarasota $109,802 $87,824 $21,978 25.0

24. Century Bank Sarasota $538,796 $431,124 $107,672 25.0

25. Bay Cities Bank Tampa $210,825 $171,308 $39,517 23.1

26. Flagship National Bank Bradenton $125,927 $102,934 $22,993 22.3

27. Centerstate Bank West Florida NA Zephyrhills $224,287 $183,561 $40,726 22.2

28. Hillsboro Bank Plant City $77,158 $63,328 $13,830 21.8

29. Community Bank of Manatee Bradenton $167,780 $139,755 $28,025 20.1

30. Raymond James Bank FSB St. Petersburg $1,038,426 $866,720 $171,706 19.8

Source: FDIC