Florida Bank of Commerce

Palm Harbor, FL · Cert 20358

FDIC

Q4 2001

$63.6MAssets

$38.8MLoans

$57.8MDeposits

$4.2MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 0.34%, down 29 bps year over year; NIM at 2.98%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.24%.
Funding: loans stand at 67.19% of deposits as of Q4 2001.

Return on Assets (quarter, annualized)

0.34%-29 bps YoY

Net Interest Margin (quarter, annualized)

2.98%

Efficiency Ratio (quarter, annualized)

84.29%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	0.88%	0.93%	0.77%	0.63%	0.46%	0.42%	0.46%	0.34%	-29 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	5.78%	6.27%	4.83%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	3.15%	2.99%	3.04%	2.98%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	75.96%	78.14%	79.38%	84.29%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	2.27%	2.25%	2.31%	2.44%	n/a
Growth
Asset Growth (YoY)	7.09%	15.83%	18.36%	16.30%	20.66%	19.45%	11.51%	20.03%	+373 bps
Loan Growth (YoY)	15.52%	20.59%	20.91%	15.93%	18.09%	9.37%	15.88%	11.55%	-438 bps
Deposit Growth (YoY)	5.14%	6.17%	15.73%	12.91%	20.29%	25.24%	13.59%	22.37%	+947 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	0.00%	0.00%	0.00%	-0.24%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	1.22%	1.23%	1.14%	1.23%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	12.71%	12.68%	12.05%	12.02%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	7.47%	7.21%	7.29%	6.64%	n/a
Liquidity & Funding
Loans / Deposits	74.64%	82.74%	73.88%	73.71%	73.27%	72.26%	75.37%	67.19%	-652 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	5.49%	5.27%	4.46%	1.94%	+194 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a