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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 $4.6MQ4 2000Q3 2002
Deposit mix
74%Interest-bearing $239.4M26%Noninterest $82.6MQ4 2000Q3 2002

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.

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
n/a

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%

Discrete quarter, annualized.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets0.78%0.71%0.98%1.12%1.08%0.88%1.38%-1.94%-305 bps
Return on Equityn/an/a10.50%11.26%10.81%9.01%14.12%-20.40%-3,166 bps
Net Interest Marginn/a4.66%4.83%5.22%5.05%4.52%4.52%4.21%-100 bps
Efficiency Ration/a69.79%70.34%70.01%69.43%72.73%69.55%110.75%+4,073 bps
Non-Interest Burdenn/a2.98%3.11%3.34%3.17%2.95%2.69%4.81%+147 bps
Growth
Asset Growth (YoY)7.13%-5.76%-3.73%-3.77%-2.03%4.03%10.80%14.51%+1,829 bps
Loan Growth (YoY)12.85%11.12%4.84%9.09%8.02%7.36%9.22%4.92%-417 bps
Deposit Growth (YoY)11.46%-6.15%-6.74%-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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.06%0.53%0.00%-0.01%0.07%-0.34%0.15%+16 bps
Allowance / Loansn/a1.26%1.20%1.20%1.19%1.22%1.21%1.54%+34 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capitaln/a11.99%12.38%12.77%12.40%12.72%13.06%12.75%-1 bps
Equity / Assetsn/a9.05%9.63%10.19%9.76%9.76%9.81%9.18%-101 bps
Liquidity & Funding
Loans / Deposits84.56%88.86%90.37%95.68%96.01%93.79%90.57%87.69%-799 bps
Liquid Assets / Assets0.00%0.20%0.22%0.23%0.22%0.22%0.20%0.20%-4 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a