PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Citrus and Chemical Bank

Bartow, FL · Cert 17283

FDIC

Q3 2007

$868.3MAssets
$527.4MLoans
$690.3MDeposits
$63.9MEquity
Loan mix
88%RE $433.8M11%C&I $55.6M0%Consumer $2.2MQ3 2006Q3 2007
Deposit mix
92%Interest-bearing $636.0M8%Noninterest $54.3MQ3 2006Q3 2007

NIM

4.95%Q3 ’055.57%Q3 ’066.21%Q3 ’07-4%-2%

Non-interest income vs. expense

2.94%Q3 ’052.69%Q3 ’062.86%Q3 ’07-7%+7%

Executive Summary

  • Earnings: ROA of 0.94%, down 9 bps year over year; NIM at 3.26%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 76.40% of deposits as of Q3 2007.

Financial Results

Return on Assets (YTD, annualized)

0.94%-9 bps YoY

Net Interest Margin (YTD, annualized)

3.26%-6 bps YoY

Efficiency Ratio (YTD, annualized)

67.60%+427 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets1.03%0.97%0.84%1.01%0.94%-9 bps
Return on Equity16.68%15.52%12.48%14.82%13.61%-307 bps
Net Interest Margin3.32%3.22%3.15%3.23%3.26%-6 bps
Efficiency Ratio63.33%64.37%66.98%64.30%67.60%+427 bps
Non-Interest Burden1.76%1.75%1.83%1.71%1.89%+13 bps
Growth
Asset Growth (YoY)20.59%10.90%4.03%2.30%-4.41%-2,501 bps
Loan Growth (YoY)19.21%19.98%19.19%19.20%13.83%-538 bps
Deposit Growth (YoY)12.72%10.42%1.81%-0.44%-6.58%-1,930 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.10%0.07%0.03%0.05%-4 bps
Allowance / Loans1.02%1.01%1.01%1.03%1.04%+2 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 Capital11.24%11.27%11.37%11.18%11.50%+26 bps
Equity / Assets6.29%6.53%6.96%6.89%7.36%+107 bps
Liquidity & Funding
Loans / Deposits62.71%62.36%66.86%71.30%76.40%+1,370 bps
Liquid Assets / Assets4.83%4.82%4.93%5.04%5.19%+36 bps
CRE / Total Capitaln/an/an/an/an/an/an/a