<Page>1
AmericasBank Corp.
Contact: Mark H. Anders
Phone: 443-921-0804
Website:
www.americasbank.com
AMERICASBANK CORP. REPORTS
FIRST QUARTER PROFIT
TOWSON, MD. (May 7, 2007) --AmericasBank Corp. (Nasdaq: AMAB), the parent
company of AmericasBank, today announced financial results for the three
months ended March 31, 2007.
For the first quarter of 2007, the Company reported net income of $119,000 or
$0.04 per basic and diluted common share, as compared with a net loss of
$214,000 or ($0.16) per basic and diluted common share for the first quarter
of 2006.
"We were pleased with the results in the first quarter," said Mark H. Anders,
President and CEO of the Company. "Our loan growth and revenue growth continue
to outpace our noninterest expenses as we add resources to grow our community
banking business."
"We believe that these continuing solid results validate our focus on
face-to-face, personalized, service-intensive local banking," Anders added.
Total assets for the Company were $113,838,000 at March 31, 2007, up
$34,906,000 or 44.2% from $78,932,000 a year earlier. Loans and leases, net of
allowance, increased by $41,253,000 or 75.2% to $96,116,000 at March 31, 2007,
from $54,863,000 at March 31, 2006. Total assets and loans and leases, net of
allowance, increased by 5.3% and 13.6%, respectively, during the three months
ended March 31, 2007, compared to December 31, 2006. Total deposits were
$97,130,000 at March 31, 2007, compared to $62,452,000 at March 31, 2006, and
$91,585,000 at December 31, 2006.
Total interest revenue for the three months ended March 31, 2007 increased
80.4%, from $1,202,000 at March 31, 2006 to $2,168,000 at March 31, 2007,
primarily due to a 50.1% increase in average earning assets for the period.
Net interest income for the three months ended March 31, 2007 increased
$513,000 to $1,123,000 or 84.2% compared to same period last year, as the net
interest margin on earning assets increased to 4.31% from 3.51% and the net
interest spread increased to 3.68% from 3.21%.
<Page>2
The provision for loan and lease losses was $158,000 for the three months
ended March 31, 2007, up $103,000 or 187.3% over the first quarter of 2006.
The increase in the loan loss reserve reflects growth in the loan portfolio
and the reassessment of the risk factors used for calculating the allowance
for loan and lease losses that was announced in the fourth quarter of last
year. The allowance for loan and lease losses was 1.21% of loans and leases
outstanding at March 31, 2007 compared to 0.76% and 1.20% at March 31, 2006
and December 31, 2006, respectively. Non-performing assets to total assets
declined to 0.55% at March 31, 2007 from 0.71% at December 31, 2006. There
were no additions to non-performing assets during the three months ended March
31, 2007, and the Company reported no charged off loans during the first
quarter.
Noninterest revenue for the three months ended March 31, 2007 was $92,000, a
12.5% increase over the same period last year. Noninterest revenue is
comprised mostly of mortgage banking gains and fees which increased 11.1% to
$67,000 in the first quarter of 2007 compared to 2006.
Noninterest expenses for the three months ended March 31, 2007 were $938,000
compared to $850,000 for the three months ended March 31, 2006, an $88,000 or
10.3% increase. Salaries and employee benefits increased by $24,000 or 5.9%
and $28,000 or 24.9%, respectively, in the first quarter of 2007, compared to
2006. Other expenses, including occupancy and furniture and equipment,
increased by $36,000 or 10.5%.
ABOUT AMERICASBANK CORP.
AmericasBank Corp. is the parent company of AmericasBank, a Maryland-chartered
commercial bank headquartered in Towson, Maryland. AmericasBank is dedicated
to contributing to the growth and prosperity of the communities it serves,
with a special focus on serving the needs of the business community and
promoting home ownership.
The statements in this press release that are not historical facts constitute
"forward-looking statements" as defined by Federal Securities laws. Such
statements, regarding AmericasBank Corp.'s anticipated future results of
operations, are subject to risks and uncertainties that could cause actual
results to differ materially from future results expressed or implied by such
forward-looking statements. Potential risks and uncertainties include, but are
not limited to: the risk that AmericasBank Corp. may continue to incur losses;
the possible loss of key personnel; the inability to successfully implement
strategic initiatives; risk of changes in interest rates, deposit flows and
loan demand; risk associated with having a large percentage of residential
real estate loans secured by investment properties; risk of an industry
concentration with respect to deposits; risk of credit losses; risks
associated with residential mortgage lending, including acting as a
correspondent lender; risk associated with a slowdown in the housing market or
high interest rates; the allowance for loan and lease losses may not be
sufficient; operational risks of the leasing companies to which AmericasBank
has extended credit in connection with the lease portfolio; dependence on
third party vendors; risk of possible future regulatory action as a result of
past violations of the Real Estate Settlement Procedures Act; as well as
changes in economic, competitive, governmental, regulatory, technological and
other factors that may affect AmericasBank Corp. or AmericasBank specifically
or the banking industry generally. Forward-looking statements speak only as of
the date they are made. AmericasBank Corp. will not update forward-looking
statements to reflect factual assumptions, circumstances or events that have
changed after a forward-looking statement was made. For further information,
please refer to the AmericasBank Corp.'s filings with the U.S. Securities and
Exchange Commission and available at their web site www.sec.gov.
SUPPLEMENTAL FINANCIAL DATA IS ATTACHED
<Page>3
<Table>
<Caption>
AMERICASBANK CORP. AND SUBSIDIARY
UNAUDITED SUMMARY FINANCIAL DATA
------------------------------------
CONSOLIDATED STATEMENT OF OPERATIONS
------------------------------------
THREE MONTHS ENDED
------------------------------------
3/31/2007 3/31/2006
-------------- --------------
INCOME STATEMENT DATA:
Interest revenue $ 2,167,557 $ 1,201,801
Interest expense 1,044,071 591,793
------------------------------------
Net interest income 1,123,486 610,008
Provision for loan and lease losses 158,000 55,000
Noninterest revenue 91,888 81,700
Noninterest expenses 938,013 850,383
------------------------------------
Income (loss) before incomes taxes 119,361 (213,675)
Income taxes -- --
------------------------------------
Net income (loss) $ 119,361 $ (213,675)
====================================
PER SHARE AND SHARES OUTSTANDING DATA:
Basic and diluted net income (loss)
per common share $ 0.04 $ (0.16)
Average shares outstanding, basic
and diluted 2,654,202 1,363,369
PERFORMANCE RATIOS:
Return on average assets 0.45% (1.19)%
Return on average equity 2.96% (11.17)%
Net interest margin 4.31% 3.51%
</Table>
<Page>4
<Table>
<Caption>
AMERICASBANK CORP. AND SUBSIDIARY
UNAUDITED SUMMARY FINANCIAL DATA
----------------------------------------------------------------------------
COMPARATIVE SUMMARY FINANCIAL DATA BY QUARTER
----------------------------------------------------------------------------
QUARTER ENDED
----------------------------------------------------------------------------
3/31/2007 12/31/2006 9/30/2006 6/30/2006 3/31/2006
----------------------------------------------------------------------------
INCOME STATEMENT DATA:
Interest revenue $ 2,167,557 $ 2,062,426 $ 1,738,658 $ 1,411,071 $ 1,201,801
Interest expense 1,044,071 1,006,550 813,784 605,671 591,793
----------------------------------------------------------------------------
Net interest income 1,123,486 1,055,876 924,874 805,400 610,008
Provision for loan and lease losses 158,000 97,500 470,000 34,000 55,000
Noninterest revenue 91,888 128,352 123,593 135,369 81,700
Noninterest expenses 938,013 953,044 938,262 897,817 850,383
----------------------------------------------------------------------------
Income (loss) before incomes taxes 119,361 133,684 (359,795) 8,952 (213,675)
Income taxes -- -- -- -- --
----------------------------------------------------------------------------
Net income (loss) $ 119,361 $ 133,684 $ (359,795) $ 8,952 $ (213,675)
============================================================================
PER SHARE AND SHARES OUTSTANDING DATA:
Basic and diluted net income (loss)
per common share $ 0.04 $ 0.05 $ (0.14) $ -- $ (0.16)
Tangible book value per common share
at period end $ 6.00 $ 5.94 $ 5.88 $ 5.98 $ 5.93
Average shares outstanding, basic and diluted 2,654,202 2,654,202 2,654,202 2,662,581 1,363,369
BALANCE SHEET DATA:
Total assets $113,838,480 $108,158,098 $ 96,316,169 $ 81,856,691 $ 78,932,257
Total loans, net 96,116,533 84,586,933 78,396,299 63,146,031 54,863,173
Total deposits 97,130,397 91,584,537 80,138,125 65,532,429 62,452,118
Stockholders' equity $ 16,154,352 $ 15,992,396 $ 15,835,797 $ 16,105,896 $ 16,098,687
PERFORMANCE RATIOS:
Net interest margin 4.31% 4.14% 4.12% 4.22% 3.51%
ASSET QUALITY RATIOS:
Allowance to period-end loans 1.21% 1.20% 1.15% 0.71% 0.76%
Non-performing loans to allowance for
loan and lease l52.72% 75.08% 68.01% 138.91% 148.45%
Non-performing assets to total assets 0.55% 0.71% 0.65% 0.77% 0.79%
Net chargeoffs (recoveries) to average loans -- -- 0.01% -- --
CAPITAL RATIOS:
Total risk-based capital ratio 17.30% 21.63% 23.29% 27.78% 31.21%
Tier I risk-based capital ratio 16.07% 20.38% 22.04% 26.98% 30.41%
Tier I leverage capital ratio 14.73% 15.21% 17.05% 20.00% 21.75%
</Table>