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Letter portraitLegal landscapeQuarterYTD

International Bank of Miami, National Association, The

Miami, FL · Cert 19040

FDIC

Q3 2010

$448.1MAssets
$326.4MLoans
$372.6MDeposits
$-775KEquity
Loan mix
91%RE $285.5M9%C&I $27.7M0%Consumer $0.3MQ3 2009Q3 2010
Deposit mix
83%Interest-bearing $310.5M17%Noninterest $62.1MQ3 2009Q3 2010

NIM

5.44%Q3 ’083.78%Q3 ’093.51%Q3 ’10-30%+8%

Non-interest income vs. expense

3.35%Q3 ’083.49%Q3 ’095.17%Q3 ’10+44%+28%

Executive Summary

  • Earnings: ROA of -9.35%, up 880 bps year over year; NIM at 2.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 9.28%.
  • Funding: loans stand at 87.61% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

-9.35%+880 bps YoY

Net Interest Margin (quarter, annualized)

2.20%+16 bps YoY

Efficiency Ratio (quarter, annualized)

288%-601 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-18.15%-8.77%-4.40%-8.19%-9.35%+880 bps
Return on Equity-214%-128.90%-74.15%-170.80%-474%-25,997 bps
Net Interest Margin2.04%2.04%2.30%1.91%2.20%+16 bps
Efficiency Ratio294%665%207%180.57%288%-601 bps
Non-Interest Burden4.35%5.82%4.61%4.01%5.58%+123 bps
Growth
Asset Growth (YoY)-13.73%-22.88%-30.01%-29.69%-26.32%-1,259 bps
Loan Growth (YoY)-21.93%-23.40%-24.52%-21.87%-21.77%+16 bps
Deposit Growth (YoY)31.73%-2.98%-18.60%-19.48%-17.85%-4,958 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans5.14%11.45%7.21%5.42%9.28%+414 bps
Allowance / Loansn/an/an/an/an/an/an/a
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 Capital10.46%9.44%8.36%6.44%3.61%-685 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits92.00%93.23%96.35%93.14%87.61%-439 bps
Liquid Assets / Assets3.82%3.83%4.18%4.21%0.00%-382 bps
CRE / Total Capitaln/an/an/an/an/an/an/a