PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bank of Pensacola

Pensacola, FL · Cert 20830

FDIC

Q1 2010

$1.7BAssets
$1.4BLoans
$1.5BDeposits
$155.3MEquity
Loan mix
86%RE $959.4M14%C&I $152.4M0%Consumer $2.8MQ1 2009Q1 2010
Deposit mix
88%Interest-bearing $1.3B12%Noninterest $0.2BQ1 2009Q1 2010

NIM

6.17%Q1 ’085.08%Q1 ’094.59%Q1 ’10+1%-1%

Non-interest income vs. expense

1.48%Q1 ’081.80%Q1 ’092.29%Q1 ’10+29%+56%

Executive Summary

  • Earnings: ROA of -2.99%, down 351 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.64%.
  • Funding: loans stand at 97.66% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

-2.99%-351 bps YoY

Net Interest Margin (YTD, annualized)

3.43%-3 bps YoY

Efficiency Ratio (YTD, annualized)

60.32%+1,559 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets0.52%-0.80%-3.30%-3.62%-2.99%-351 bps
Return on Equity5.38%-8.45%-35.21%-39.63%-34.94%-4,032 bps
Net Interest Margin3.46%3.49%3.49%3.60%3.43%-3 bps
Efficiency Ratio44.72%49.85%57.84%57.29%60.32%+1,559 bps
Non-Interest Burden1.24%1.51%2.01%2.37%1.93%+69 bps
Growth
Asset Growth (YoY)46.72%50.60%42.20%-4.54%-3.71%-5,044 bps
Loan Growth (YoY)48.91%54.77%41.98%-6.46%-8.23%-5,715 bps
Deposit Growth (YoY)59.40%53.55%48.02%1.72%-0.28%-5,967 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.08%2.44%5.79%6.25%4.64%+356 bps
Allowance / Loans2.11%2.62%2.34%2.67%2.91%+79 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 Capital11.24%10.63%11.13%10.41%11.36%+12 bps
Equity / Assets9.87%9.17%9.05%8.18%8.96%-91 bps
Liquidity & Funding
Loans / Deposits106.12%109.95%103.25%96.30%97.66%-846 bps
Liquid Assets / Assets0.04%0.74%1.93%0.04%0.02%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a