EXHIBIT 99.1 REPORT OF INDEPENDENT ACCOUNTANTS Board of Directors and Shareholders TIB Financial Corp. Key Largo, Florida We have reviewed the consolidated balance sheet of TIB Financial Corp. as of September 30, 2003, the related consolidated statements of income and changes in shareholders' equity for the quarter and year-to-date periods ended September 30, 2003 and the related consolidated statement of cash flows for the year-to-date period ended September 30, 2003. These financial statements are the responsibility of the Company's management. We conducted our review in accordance with standards established by the American Institute of Certified Public Accountants. A review of interim financial information consists principally of applying analytical procedures to financial data and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with auditing standards generally accepted in the United States of America, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements for them to be in conformity with accounting principles generally accepted in the United States of America. The consolidated statements of income and changes in shareholders' equity of TIB Financial Corp. for the quarter and year-to-date periods ended September 30, 2002 and the consolidated statement of cash flows for the year-to-date period ended September 30, 2002 were reviewed by other accountants whose report dated November 12, 2002 stated that they were not aware of any material modifications that should be made to those statements in order for them to be in conformity with generally accepted accounting principles. /s/ Crowe Chizek and Company LLC - -------------------------------- Crowe Chizek and Company LLC Fort Lauderdale, Florida November 4, 2003