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Letter portraitLegal landscapeQuarterYTD

Perkins State Bank, The

Williston, FL · Cert 134

FDIC

Q4 2012

$175.2MAssets
$93.2MLoans
$161.8MDeposits
$13.1MEquity
Loan mix
88%RE $70.4M6%C&I $5.2M6%Consumer $4.6MQ4 2011Q4 2012
Deposit mix
73%Interest-bearing $117.5M27%Noninterest $44.3MQ4 2011Q4 2012

NIM

5.39%Q4 ’104.33%Q4 ’113.85%Q4 ’12-19%-4%

Non-interest income vs. expense

4.45%Q4 ’104.62%Q4 ’115.62%Q4 ’12+5%+114%

Executive Summary

  • Earnings: ROA of -3.24%, down 180 bps year over year; NIM at 3.56%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.15%.
  • Funding: loans stand at 57.62% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

-3.24%-180 bps YoY

Net Interest Margin (quarter, annualized)

3.56%-14 bps YoY

Efficiency Ratio (quarter, annualized)

264%+17,212 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets-1.44%-2.55%0.16%1-0.54%-3.24%-180 bps
Return on Equity-17.53%-33.06%2.03%-6.43%-40.05%-2,252 bps
Net Interest Margin3.70%3.82%3.78%3.86%3.56%-14 bps
Efficiency Ratio91.83%124.58%87.70%96.19%264%+17,212 bps
Non-Interest Burden3.29%4.74%3.15%3.66%7.05%+376 bps
Growth
Asset Growth (YoY)2.94%1.47%-5.10%-9.15%-7.99%-1,092 bps
Loan Growth (YoY)-13.58%-17.59%-11.16%-14.11%-14.09%-50 bps
Deposit Growth (YoY)3.87%3.11%-1.46%-6.07%-4.34%-821 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.02%3.59%1.28%1.88%1.15%-287 bps
Allowance / Loans2.46%2.52%2.59%2.54%2.58%+11 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital13.14%12.87%13.63%13.88%14.72%+158 bps
Equity / Assets7.95%7.46%8.25%8.71%7.50%-45 bps
Liquidity & Funding
Loans / Deposits64.16%60.84%61.88%62.37%57.62%-654 bps
Liquid Assets / Assets2.14%4.20%2.47%3.49%7.95%+581 bps
CRE / Total Capitaln/an/an/an/an/an/an/a