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Homosassa Springs Bank

Homosassa Springs, FL · Cert 20317

FDIC

Q4 2007

$61.1MAssets
$49.3MLoans
$50.9MDeposits
$4.1MEquity
Deposit mix
84%Interest-bearing $42.6M16%Noninterest $8.3MQ4 2006Q4 2007

NIM

4.89%Q4 ’055.72%Q4 ’065.62%Q4 ’07+6%-15%

Non-interest income vs. expense

2.36%Q4 ’052.88%Q4 ’062.87%Q4 ’07+23%+4%

Executive Summary

  • Earnings: ROA of 1.47%, down 58 bps year over year; NIM at 3.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 96.75% of deposits as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

1.47%-58 bps YoY

Net Interest Margin (YTD, annualized)

3.62%-62 bps YoY

Efficiency Ratio (YTD, annualized)

65.70%+888 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets2.05%1.57%1.48%1.46%1.47%-58 bps
Return on Equity33.25%24.63%23.34%22.66%22.59%-1,066 bps
Net Interest Margin4.23%3.81%3.68%3.62%3.62%-62 bps
Efficiency Ratio56.82%64.46%65.92%65.96%65.70%+888 bps
Non-Interest Burden2.05%2.20%2.18%2.14%2.12%+7 bps
Growth
Asset Growth (YoY)-10.51%-9.32%-2.89%0.91%-1.72%+880 bps
Loan Growth (YoY)9.82%2.63%-0.98%-1.73%-2.21%-1,202 bps
Deposit Growth (YoY)-20.64%-17.49%-11.35%-3.16%-2.12%+1,852 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.46%0.48%0.50%0.49%0.49%+3 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 Capital12.60%13.58%13.63%13.70%13.04%+44 bps
Equity / Assets6.21%6.54%6.32%6.68%6.77%+56 bps
Liquidity & Funding
Loans / Deposits96.84%91.48%91.38%93.15%96.75%-9 bps
Liquid Assets / Assets0.48%2.95%3.63%2.06%0.54%+7 bps
CRE / Total Capitaln/an/an/an/an/an/an/a