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Palm Beach National Bank & Trust Company

Palm Beach, FL · Cert 21051

FDIC

Q3 2002

$360.5MAssets
$282.4MLoans
$322.0MDeposits
$33.1MEquity
Loan mix
69%RE $96.9M28%C&I $39.7M3%Consumer $4.6MQ3 2001Q3 2002
Deposit mix
74%Interest-bearing $239.4M26%Noninterest $82.6MQ3 2001Q3 2002

NIM

7.66%Q1 ’017.33%Q3 ’015.68%Q3 ’02+12%-19%

Non-interest income vs. expense

3.89%Q1 ’014.38%Q3 ’016.16%Q3 ’02+12%+44%

Executive Summary

  • Earnings: ROA of -1.94%, down 305 bps year over year; NIM at 4.21%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.15%.
  • Funding: loans stand at 87.69% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

-1.94%-305 bps YoY

Net Interest Margin (quarter, annualized)

4.21%-100 bps YoY

Efficiency Ratio (quarter, annualized)

110.75%+4,073 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets1.12%1.08%0.88%1.38%-1.94%-305 bps
Return on Equity11.26%10.81%9.01%14.12%-20.40%-3,166 bps
Net Interest Margin5.22%5.05%4.52%4.52%4.21%-100 bps
Efficiency Ratio70.01%69.43%72.73%69.55%110.75%+4,073 bps
Non-Interest Burden3.34%3.17%2.95%2.69%4.81%+147 bps
Growth
Asset Growth (YoY)-3.77%-2.03%4.03%10.80%14.51%+1,829 bps
Loan Growth (YoY)9.09%8.02%7.36%9.22%4.92%-417 bps
Deposit Growth (YoY)-5.74%-4.86%1.72%8.98%14.48%+2,022 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.01%0.07%-0.34%0.15%+16 bps
Allowance / Loans1.20%1.19%1.22%1.21%1.54%+34 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 Capital12.77%12.40%12.72%13.06%12.75%-1 bps
Equity / Assets10.19%9.76%9.76%9.81%9.18%-101 bps
Liquidity & Funding
Loans / Deposits95.68%96.01%93.79%90.57%87.69%-799 bps
Liquid Assets / Assets0.23%0.22%0.22%0.20%0.20%-4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a