PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Gulf State Community Bank

Carrabelle, FL · Cert 20340

FDIC

Q3 2010

$112.1MAssets
$74.0MLoans
$112.2MDeposits
$-324KEquity
Deposit mix
90%Interest-bearing $100.8M10%Noninterest $11.4MQ3 2009Q3 2010

NIM

5.63%Q3 ’084.41%Q3 ’093.85%Q3 ’10-23%-6%

Non-interest income vs. expense

4.86%Q3 ’083.94%Q3 ’094.91%Q3 ’10-15%+90%

Executive Summary

  • Earnings: ROA of -4.88%, up 11 bps year over year; NIM at 2.31%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.52%.
  • Funding: loans stand at 65.98% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

-4.88%+11 bps YoY

Net Interest Margin (YTD, annualized)

2.31%-15 bps YoY

Efficiency Ratio (YTD, annualized)

287%+17,387 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-4.99%-6.11%-2.19%-4.63%-4.88%+11 bps
Return on Equity-64.30%-89.26%-77.24%-207%-299%-23,435 bps
Net Interest Margin2.46%2.45%2.16%2.19%2.31%-15 bps
Efficiency Ratio112.73%120.51%150.98%360%287%+17,387 bps
Non-Interest Burden2.90%3.16%3.72%5.55%5.51%+261 bps
Growth
Asset Growth (YoY)-4.55%-1.53%-4.40%-11.37%-4.33%+22 bps
Loan Growth (YoY)-10.65%-14.06%-13.82%-15.80%-13.74%-309 bps
Deposit Growth (YoY)1.99%6.07%2.08%-5.37%1.93%-7 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans5.00%6.97%1.41%2.80%2.52%-249 bps
Allowance / Loans4.20%4.52%4.44%4.40%5.06%+87 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 Capital8.11%5.23%4.54%2.09%-0.72%-883 bps
Equity / Assets5.73%3.09%2.58%1.02%-0.29%-602 bps
Liquidity & Funding
Loans / Deposits77.96%69.72%68.76%65.35%65.98%-1,198 bps
Liquid Assets / Assets0.19%0.00%0.00%5.96%4.62%+443 bps
CRE / Total Capitaln/an/an/an/an/an/an/a