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Kislak National Bank

Miami Lakes, FL · Cert 18918

FDIC

Q4 2004

$965.7MAssets
$589.6MLoans
$659.6MDeposits
$73.4MEquity
Loan mix
71%RE $81.0M29%C&I $33.8M0%Consumer $0.1MQ4 2003Q4 2004
Deposit mix
89%Interest-bearing $584.1M11%Noninterest $75.5MQ4 2003Q4 2004

NIM

5.40%Q4 ’025.20%Q4 ’034.92%Q4 ’04+5%-12%

Non-interest income vs. expense

2.30%Q4 ’022.06%Q4 ’032.71%Q4 ’04-11%+31%

Executive Summary

  • Earnings: ROA of 0.60%, down 94 bps year over year; NIM at 2.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 89.38% of deposits as of Q4 2004.

Financial Results

Return on Assets (quarter, annualized)

0.60%-94 bps YoY

Net Interest Margin (quarter, annualized)

2.83%-37 bps YoY

Efficiency Ratio (quarter, annualized)

83.83%+2,504 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets1.53%1.51%1.25%1.54%0.60%-94 bps
Return on Equity17.90%17.61%15.56%20.34%7.87%-1,003 bps
Net Interest Margin3.21%3.14%3.06%3.33%2.83%-37 bps
Efficiency Ratio58.78%67.91%62.55%59.71%83.83%+2,504 bps
Non-Interest Burden1.76%2.03%1.79%1.89%2.31%+55 bps
Growth
Asset Growth (YoY)10.01%6.35%18.57%20.76%15.24%+523 bps
Loan Growth (YoY)34.56%31.21%31.04%17.70%13.15%-2,140 bps
Deposit Growth (YoY)27.18%18.26%25.03%23.72%6.31%-2,086 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.00%0.18%0.00%-0.01%0 bps
Allowance / Loans0.74%0.70%0.70%0.66%0.62%-12 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 Capital15.87%15.82%15.35%15.46%14.82%-105 bps
Equity / Assets8.61%8.53%7.60%7.54%7.60%-101 bps
Liquidity & Funding
Loans / Deposits83.98%84.09%84.10%83.80%89.38%+540 bps
Liquid Assets / Assets2.67%3.01%0.93%3.04%3.09%+42 bps
CRE / Total Capitaln/an/an/an/an/an/an/a