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Peoples State Bank of Groveland

Groveland, FL · Cert 16845

FDIC

Q1 2004

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2004, the quarter ended March 31, 2004, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Peoples State Bank of Groveland

Groveland, FL · Cert 16845

FDIC

Q1 2004

$165.6MAssets
$111.9MLoans
$144.0MDeposits
$12.1MEquity
Deposit mix
84%Interest-bearing $120.5M16%Noninterest $23.6MQ1 2003Q1 2004

NIM

6.89%Q1 ’025.69%Q1 ’035.49%Q1 ’04-17%+6%

Non-interest income vs. expense

3.01%Q1 ’022.74%Q1 ’032.41%Q1 ’04-11%-10%

Executive Summary

  • Earnings: ROA of 1.35%, up 22 bps year over year; NIM at 3.84%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.05%.
  • Funding: loans stand at 77.73% of deposits as of Q1 2004.

Financial Results

Return on Assets (YTD, annualized)

1.35%+22 bps YoY

Net Interest Margin (YTD, annualized)

3.84%+23 bps YoY

Efficiency Ratio (YTD, annualized)

53.24%-842 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets1.13%0.85%0.91%0.90%1.35%+22 bps
Return on Equity15.26%11.52%12.40%12.35%18.99%+373 bps
Net Interest Margin3.61%3.58%3.54%3.51%3.84%+23 bps
Efficiency Ratio61.66%64.56%64.82%63.32%53.24%-842 bps
Non-Interest Burden1.91%2.06%2.02%1.94%1.72%-19 bps
Growth
Asset Growth (YoY)11.21%11.01%4.83%8.99%7.53%-369 bps
Loan Growth (YoY)4.08%5.40%0.61%7.29%5.61%+153 bps
Deposit Growth (YoY)12.53%11.63%5.34%5.16%5.74%-679 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.06%-0.04%0.12%-0.04%-0.05%-11 bps
Allowance / Loans1.71%1.89%1.82%2.04%2.02%+32 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 Capital11.83%11.64%11.79%11.62%11.90%+7 bps
Equity / Assets7.42%7.35%7.19%6.93%7.32%-9 bps
Liquidity & Funding
Loans / Deposits77.82%76.71%74.92%78.17%77.73%-10 bps
Liquid Assets / Assets0.34%0.43%0.42%0.35%0.33%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a