HAMMOND, LA--(Marketwired - July 28, 2015) - FPB Financial Corp. (OTCQB: FPBF), the holding company for Florida Parishes Bank, announced financial results for the 2015 second quarter ended June 30,2015.

Earnings

Net income in the 2015 second quarter increased 57.6% to $702,000 ($0.58 per fully diluted common share) as compared to the 2014 second quarter net income of $446,000 ($0.37 per fully diluted common share). Earnings per share increased by 56.8%. Return on Equity for the second quarter of 2015 was 11.6% on an annualized basis.

Items affecting and contributing to the Company's 2015 Second quarter gain in net income when compared to the 2014 quarterly period:

• Net Interest Income increased to $2.6 million from $2.3 million, or 11.9%
• Mortgage Banking Fees totaled $296,000 up from $104,000 in 2014, or 183.8%
• Total Non-Interest Income increased to $781,000 from $562,000, or 38.9%

Other items and per share data of note this Year-To-Date (YTD) as of June 30, 2015, compared to June 30, 2014

• Return on Equity (ROE) increased to 11.8% from 8.7%
• Net-Interest Margin increased to 4.98% from 4.85%
• The Company's Efficiency Ratio improved to 67.1% from 77.4%
• Book Value per common share increased by 11.3% to $20.16 per share
• Total Common Stockholders' Equity increased to $24.5 million, or 12.5%
• Dividends paid to common shareholders total $169,000 in 2015 and $168,000 in 2014
• Non-Interest Bearing Deposits increased by 16.0% to $49.3 million
• Non-Maturity deposits increased by 8.5% to $143.2 million
• Net Loans increased to $139.8 million or 11.2%
• Total Assets increased by 7.2% to $232.2 million
• Net-Loan Charge-offs decreased by $193,000, or 111.6%
• Foreclosed Assets totaled $0.00 in both 2015 and 2014
• Non-performing Assets decreased by $525,000 to $1.3 million, or 28.5%

Asset Quality

Total non-performing assets at June 30, 2015, decreased by $525,000, or 28.5% to $1.3 million as compared to June 30, 2014. Non-performing assets at March 31, 2015 were $1.8 million. The Company's allowance for loan losses increased by 9.0% to $3.1 million at June 30, 2015 while increasing to 234.0% of total non-performing assets. Total allowance for loan losses were $3.0 million at March 31, 2015.

Net loan recoveries for the second quarter totaled $5,000, an improvement of 124.2% from $21,000 of net loan charge-offs in the 2014 second quarter. Net loan recoveries were $15,000 in the 2015 first quarter. Performing Troubled Debt Restructured (TDR's) as of June 30, 2015 totaled $3.1 million, or an increase of $171,000 from June 30, 2014. Performing TDR's on March 31, 2015 totaled $3.0 million.

Balance Sheet and Capital

Total assets at June 30, 2015 increased by 7.2% to $232.2 million as compared to $216.6 at June 30, 2014. The increase in total assets was primarily attributed to an increase of $14.1 million in net loans, an increase of $4.3 million in cash and cash equivalents. These increases were primarily offset by a $2.6 million decrease in total investment securities. Total liabilities increased by 6.6% to $207.7 million primarily due to an increase of $16.2 million, or 9.5% in total deposits to $187.0 million offset by a decrease of $3.8 million or 18.7% in Federal Home Loan Bank advances.

Common Stockholders' Equity increased by a net of $2.7 million, or 12.5%, to $24.5 million for the twelve months ended June 30, 2015. Retained earnings increased by $2.2 million to $17.6 million for the twelve month period. Other comprehensive income increased by $367,000 at June 30, 2015 when compared to June 30, 2014. Tangible common stockholders' equity increased to $24.5 million for the period. Book value per common share increased to $20.16 as total common shares of 1,214,447 were outstanding at June 30, 2015. At the Subsidiary Bank level, Tier 1 Capital increased to $23.6 million at June 30, 2015.

Our subsidiary, Florida Parishes Bank, is considered "well capitalized" by all applicable federal banking regulations and definitions as of June 30, 2015.

FPB Financial Corp. is headquartered in Hammond, LA and is the parent company of Florida Parishes Bank. The Company's common stock is traded under the "FPBF" symbol.

This news release contains certain forward-looking statements, including statements about the financial condition, results of operations and earnings outlook for FPB Financial Corp. and its subsidiaries. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "estimate" and "intend" or future or conditional verbs such as "will," "would," "should," "could" or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors, many of which are beyond the Company's control, could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. These factors include, among others, the following: general economic conditions, changes in interest rates, deposit flows, the cost of funds, changes in credit quality, interest rate risks associated with the Company's business and operations and the adequacy of our allowance for loan losses. Other factors include changes in our loan portfolio, changes in competition, fiscal and monetary policies and legislation and regulatory changes. We undertake no obligation to update any forward-looking statements.

Fritz W. Anderson II, Chairman of the Board, announced today that, "On July 9, 2015, the Board of Directors of FPB Financial Corp. declared a cash dividend on the common stock of the company. The dividend rate of $0.07 per share will be paid on September 25, 2015 to stockholders of record at the close of business on September 10, 2015."