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Letter portraitLegal landscapeQuarterYTD

PCB, The Community Bank

Malone, FL · Cert 15923

FDIC

Q1 2005

$68.0MAssets
$48.1MLoans
$62.8MDeposits
$4.9MEquity
Deposit mix
88%Interest-bearing $55.0M12%Noninterest $7.8MQ1 2004Q1 2005

NIM

5.40%Q1 ’035.43%Q1 ’045.57%Q1 ’05+23%+0%

Non-interest income vs. expense

2.48%Q1 ’032.50%Q1 ’042.25%Q1 ’05+2%-13%

Executive Summary

  • Earnings: ROA of 1.18%, up 28 bps year over year; NIM at 3.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 76.49% of deposits as of Q1 2005.

Financial Results

Return on Assets (YTD, annualized)

1.18%+28 bps YoY

Net Interest Margin (YTD, annualized)

3.83%+2 bps YoY

Efficiency Ratio (YTD, annualized)

53.22%-671 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets0.90%0.87%0.92%0.98%1.18%+28 bps
Return on Equity12.38%12.24%12.97%13.85%16.46%+408 bps
Net Interest Margin3.81%3.69%3.71%3.40%3.83%+2 bps
Efficiency Ratio59.93%60.55%59.37%57.60%53.22%-671 bps
Non-Interest Burden2.14%2.10%2.07%1.84%1.86%-29 bps
Growth
Asset Growth (YoY)13.74%12.99%19.83%23.28%19.63%+589 bps
Loan Growth (YoY)42.71%26.37%17.89%12.47%10.82%-3,189 bps
Deposit Growth (YoY)13.20%13.12%19.97%23.26%19.64%+644 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.08%-0.04%-0.03%-0.03%-0.02%+6 bps
Allowance / Loans1.28%1.34%1.34%1.49%1.39%+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 Capital10.43%10.33%9.94%11.31%10.87%+44 bps
Equity / Assets7.26%6.96%6.95%7.12%7.22%-4 bps
Liquidity & Funding
Loans / Deposits82.57%81.66%80.79%68.89%76.49%-609 bps
Liquid Assets / Assets0.00%0.01%0.02%0.03%0.01%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a