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Central Bank of Tampa

Tampa, FL · Cert 16502

FDIC

Q4 2002

$223.2MAssets
$101.9MLoans
$176.9MDeposits
$29.1MEquity
Loan mix
31%RE $11.5M67%C&I $24.9M2%Consumer $0.7MQ4 2001Q4 2002
Deposit mix
81%Interest-bearing $144.1M19%Noninterest $32.8MQ4 2001Q4 2002

NIM

8.00%Q1 ’016.99%Q4 ’016.06%Q4 ’02-11%-1%

Non-interest income vs. expense

2.50%Q1 ’012.40%Q4 ’012.94%Q4 ’02-3%+32%

Executive Summary

  • Earnings: ROA of 1.31%, down 70 bps year over year; NIM at 4.15%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.18%.
  • Funding: loans stand at 57.63% of deposits as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

1.31%-70 bps YoY

Net Interest Margin (YTD, annualized)

4.15%-6 bps YoY

Efficiency Ratio (YTD, annualized)

59.91%+1,116 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets2.01%2.03%2.09%2.10%1.31%-70 bps
Return on Equityn/a15.83%16.02%15.78%9.92%n/a
Net Interest Margin4.21%4.40%4.30%4.32%4.15%-6 bps
Efficiency Ratio48.75%46.79%45.65%44.94%59.91%+1,116 bps
Non-Interest Burden1.68%1.71%1.61%1.57%2.23%+55 bps
Growth
Asset Growth (YoY)0.52%7.40%7.40%8.80%11.12%+1,059 bps
Loan Growth (YoY)5.72%8.15%12.99%11.30%2.20%-352 bps
Deposit Growth (YoY)1.42%12.79%11.27%11.23%11.16%+974 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.51%0.01%-0.02%-0.02%0.18%-33 bps
Allowance / Loans1.21%1.20%1.19%1.21%1.06%-15 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 Capital21.11%21.14%21.26%22.03%21.26%+15 bps
Equity / Assets13.18%12.53%13.38%14.20%13.02%-16 bps
Liquidity & Funding
Loans / Deposits62.68%58.76%60.97%62.03%57.63%-505 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a