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Quincy State Bank

Quincy, FL · Cert 21295

FDIC

Q4 2003

$127.2MAssets
$90.8MLoans
$101.7MDeposits
$11.5MEquity
Deposit mix
78%Interest-bearing $79.7M22%Noninterest $22.0MQ4 2002Q4 2003

NIM

6.88%Q4 ’015.98%Q4 ’025.14%Q4 ’03-2%-9%

Non-interest income vs. expense

2.92%Q4 ’012.61%Q4 ’022.73%Q4 ’03-29%-3%

Executive Summary

  • Earnings: ROA of 2.48%, up 44 bps year over year; NIM at 4.31%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.15%.
  • Funding: loans stand at 89.26% of deposits as of Q4 2003.

Financial Results

Return on Assets (quarter, annualized)

2.48%+44 bps YoY

Net Interest Margin (quarter, annualized)

4.31%-43 bps YoY

Efficiency Ratio (quarter, annualized)

44.76%+385 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets2.05%2.12%2.12%2.12%2.48%+44 bps
Return on Equity25.76%25.19%24.57%23.70%26.95%+119 bps
Net Interest Margin4.73%4.54%4.53%4.51%4.31%-43 bps
Efficiency Ratio40.91%43.60%41.99%40.99%44.76%+385 bps
Non-Interest Burden0.97%1.00%0.93%0.88%0.94%-3 bps
Growth
Asset Growth (YoY)8.93%-0.39%0.03%-6.43%-1.99%-1,092 bps
Loan Growth (YoY)19.83%5.88%10.50%6.19%-3.91%-2,374 bps
Deposit Growth (YoY)7.00%11.55%-0.05%-8.08%2.59%-442 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.44%-0.01%0.03%0.02%0.15%-29 bps
Allowance / Loans1.31%1.42%1.38%1.42%1.42%+10 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 Capital10.21%10.80%10.71%10.70%11.28%+107 bps
Equity / Assets8.13%8.68%8.56%9.38%9.06%+93 bps
Liquidity & Funding
Loans / Deposits95.29%88.84%91.40%99.99%89.26%-603 bps
Liquid Assets / Assets0.15%0.16%0.16%0.17%0.16%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a