Press Release

Contact: Trevor R. Burgess
Title: Chief Executive Officer
Date: Wednesday, January 30, 2013
Phone: 845-233-0399
Email: Trevor.Burgess@C1Bank.com

C1 Bank Announces $12.6mm Profit for 2012, a Record in the Bank’s History
C1 Bank Lends Over $205mm During 2012

ST PETERSBURG, FL (January 30, 2013) – C1 Bank announced today that it had net income for the year ended December 31, 2012 of $12.6mm.   Results benefitted from increased lending activity as C1 Bank extended over $205mm in loans to our community up from over $150mm in loans in 2011 and over $80mm in loans in 2010.   Surging residential mortgage demand along with a record year for the C1 Bank’s SBA program helped enhanced the bottom line.   The bank’s success over the past three years, along with its prospects for the future, meant that its deferred tax asset was recaptured in December 2012.

“What is most exciting about our 2012 results is the client focused momentum energizing all of our employees.   We helped hundreds of new clients borrow the money they need with loans for their business or their family.  We helped thousands of new clients save for their future, managing their business or family needs, through our simple yet sophisticated checking, savings and money market products,” said CEO, Trevor Burgess.

C1 Bank has previously announced its entrance into the Miami-Dade market with a loan production office and a corporate partnership with the Miami HEAT.   Alan Randolph, Miami Market Manager for C1 Bank said, “We are off to a great start in Miami, our first loans have already been approved and we look forward to building our client base one client at a time, all the while focused on first-class service.” President and Vice Chairman, Katie Pemble, noted: “Our clients are energized by the economic recovery and we are laser focused on helping them meet their financial ambitions.   We are one of the only banks in the State that is able to make quick, local lending decisions on loans up to $23 million.”


Highlights:

Capital Ratios:

C1 Bank's capital ratios exceed all regulatory guidelines required to be considered well capitalized.


Ratio

C1 Bank 12/31/12

Regulatory "Well Capitalized"

Tier 1 Leverage

10.15%

5.00%

Tier 1 Risk-based capital

11.98%

6.00%

Total Risk-based capital

12.47%

10.00%


About C1 Bank:

C1 Bank is a local, independent bank that serves thousands of sophisticated savers and borrowers from 21 locations in Tampa Bay, a loan production office in Miami and online at www.C1Bank.com. C1 Bank is a leader in checking, savings and money markets, residential mortgages, business loans, SBA loan programs, and association and treasury services. C1 Bank is the Official Bank of the Tampa Bay Buccaneers, the Official Bank of the Outback Bowl and a Corporate Partner of the Miami HEAT.

C1 Bank services include:



Equal Housing Lender
Member FDIC

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Home Loans

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Small Business Loans

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