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Intracoastal Bank Announces 2013 Results

Palm Coast, Florida (January 24, 2014) - Intracoastal Bank today announced financial results for the year
ended December 31, 2013.

Total assets at December 31, 2013, were $199.8 million, up $20.8 million, or 12%, from $179 million at
December 31, 2012.

Total loans at December 31, 2013 were $106.3 million, up 15.1 million, or 17% from $91.2 million, at
December 31, 2012.

Total deposits at December 31, 2013 were $182.9 million, up 23 million, or 14% from $159.9 million, at
December 31, 2012.

Net income for the full year 2013 increased by 32% from the full year 2012.

Commenting on the Company’s performance Intracoastal Bank’s President and Chief Executive Officer
Bruce E. Page stated, “The Company’s results exceeded Management and Board expectations and the
response from the community has continued to be excellent”.

Mr. Page reported that the Bank Tier 1 capital ratio was 9.47% at December 31, 2013, higher than what
is required to be considered well capitalized. The Bank has good credit quality with no material
delinquent loans, no foreclosed properties and no material charge offs for 2013. Mr. Page stated,
“Intracoastal Bank has consistently performed significantly above industry norms in every key area of
performance. Our strong financial performance has positioned the Bank to continue to grow and make
loans for the betterment of the community and local economy.”

Intracoastal Bank, headquartered in Palm Coast, and is a locally owned and operated financial
institution. Intracoastal Bank’s main banking center is located at 1290 Palm Coast Parkway, NW, Palm
Coast, Florida 32137. The Bank’s Lending Center is located at 1659 N. Clyde Morris Blvd Ste 2, Daytona
Beach, FL 32117. The Bank serves the Flagler and Volusia Counties area. The bank offers a full range of
deposit and loan products tailored to meet the needs of customers and the community. The bank is a
state charted commercial bank, member FDIC. The bank is a state charted commercial bank, member
FDIC. Intracoastal‘s 5-Star "superior" rating distinguishes the Bank as one of Florida’s strongest, safest
financial institutions, according to BauerFinancial, Inc. More corporate information and e-banking are
available at https://www.intracoastalbank.net, or join the conversation with Intracoastal Bank on
Facebook athttps://www.facebook.com/intracoastalbank.


For further information, please feel free to contact:


Bruce Page
President & C.E.O.


1290 Palm Coast Parkway NW
Palm Coast, FL. 32137
Office: 386- 449-0958
Fax: 386-447-1663
Cell: 386-864-0611
Email: bpage@intracoastalbank.net
Web: www.intracoastalbank.net
Find us on Facebook: Intracoastal Bank