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Palm Coast, Florida (January 18, 2013) - Intracoastal Bank today announced financial results
for the year ended December 31, 2012.
Total assets at December 31, 2012, were $179 million, up $24 million, or 15%, from $155 million
at December 31, 2011.
Total loans at December 31, 2012 were $91.2 million, up 13 million, or 17% from 78.2 million, at
December 31, 2011.
Total deposits at December 31, 2012 were $159.9 million, up 21.6 million, or 16% from $138.3
million, at December 31, 2011.
Net income for the full 2012 year amounted to a record $2,172,465, compared with $1,470,759
for 2011, a 47% increase.
Commenting on the Company’s results 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 great ” he added “that
according to data published by the Federal Deposits Insurance Corporation (FDIC) Intracoastal
had the fastest growth in total deposits of any bank in combined Flagler and Volusia Counties
market area during the year ending June 30, 2012, the most current data available”.

Mr. Page reported that the Bank Tier 1 capital ratio was 9.55% at December 31, 2012, 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 2012. 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, is Flagler County’s only 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 Northeast and
East Central Florida 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. 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
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
Find us on Facebook: Intracoastal Bank