REVIEW REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS TIB FINANCIAL
TO THE BOARD OF DIRECTORS AND SHAREHOLDERS
OF TIB FINANCIAL CORP. AND SUBSIDIARIES
We have reviewed the condensed consolidated balance sheets of TIB Financial Corp. and subsidiaries as of
March 31, 2001 and the related condensed consolidated statements of income, changes in shareholders' equity
and cash flows for the three-month periods ended March 31, 2001 and 2000 included in the accompanying
Securities and Exchange Commission Form 10-Q for the period ended March 31, 2001. These financial
statements are the responsibility of the Company's management.
We conducted our reviews 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 generally accepted auditing standards 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 reviews, we are not aware of any material modifications that should be made to the condensed
consolidated financial statements referred to above for them to be in conformity with accounting principles
generally accepted in the United States of America.
We have previously audited, in accordance with generally accepted auditing standards, the consolidated balance
sheet as of December 31, 2000, and the related consolidated statements of income, changes in shareholders'
equity, and cash flows for the year then ended (not presented herein); and in our report dated February 16,
2001, we expressed an unqualified opinion on those consolidated financial statements. In our opinion, the
information set forth in the accompanying con