Replies to post #3 on Community Bank of South Florida Inc (fka CBKS)

[Enterprising Investor]

Consent Order

On February 2, 2012, the Bank entered into a Consent Order agreement (the “Order”) with the Federal Deposit Insurance Corporation (“FDIC”) and the Florida Office of Financial Regulation (“OFR”) to enhance certain aspects of the Bank’s operations. This Order places certain limitations and established required benchmarks which the Bank needs to attain within predetermined target dates. The Bank cannot conclude with any degree of certainty that it will be able to meet all requirements contained in the Order.

The Order required, among other things, that the Bank maintain an 8% Tier 1 Capital and 12% Total Risk Based Capital ratio and submit a written plan to the FDIC and the OFR to reduce classified assets. As of December 31,2012, the Bank was not in compliance with the increased capital ratios as mandated by the Order (NOTE 14). If the Bank is unable to comply with the increased capital requirements, the Bank may be subject to further
regulatory actions by the FDIC and the OFR.

The Tier 1 Capital ratio and Total Risk Based Capital ratio were at 6.5 percent and 10.0 percent, respectively, at 12/31/12. These ratios improved to 7.0 percent and 11.3 percent at 6/30/13.

[56Chevy]

EI - According to the 2012 Annual Report the number of shares outstanding as of Dec. 2012 was 4,976,521.

I wanted to confirm that number since its been 10 long months when that # was put out. I sent the CFO (Mr. Yunus) an email asking what the current O/S is and I received an email back from the CEO Mr. Robert Epling.

This is what he said in response to the inquiry with portions of his response I put in bold to highlight what I considered key bonus info:

Thank you for your inquiry. The current number of outstanding shares remains at 4,976,521, as it was at year end 2012. As real estate prices in the markets we serve have improved, the non-performing assets of our company has decreased. Our company has stabilized and will show a profit in 2013......and we believe the future will continue to reflect improving profitability. The current book value is approximately $8.43 per share without tax credits. We continue to seek capital through private placement.

Thanking you for your support, we welcome your questions.

Bob Epling


*I appreciate this kind of open response from a company. Sometimes getting info from non-reporting companies is like pulling teeth...but Mr. Epling came through brilliantly.

**Todays closing pps was $3.50 on 2,000 shares of volume.