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Letter portraitLegal landscapeQuarterYTD

Tib Bank of the Keys

Key Largo, FL · Cert 21435

FDIC

Q1 2011

$1.7BAssets
$1.0BLoans
$1.4BDeposits
$201.2MEquity
Loan mix
85%RE $594.5M8%C&I $53.0M7%Consumer $49.9MQ2 2009Q1 2011
Deposit mix
83%Interest-bearing $1.1B17%Noninterest $0.2BQ2 2009Q1 2011

Executive Summary

  • Earnings: ROA of 0.33%, up 135 bps year over year; NIM at 3.04%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 76.16% of deposits as of Q1 2011.

Return on Assets (YTD, annualized)

0.33%+135 bps YoY

Net Interest Margin (YTD, annualized)

3.04%+25 bps YoY

Efficiency Ratio (YTD, annualized)

80.88%-2,428 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.73%Q1 ’094.31%Q1 ’103.67%Q1 ’11+10%+9%

Non-interest income vs. expense

2.86%Q1 ’093.30%Q1 ’103.00%Q1 ’11+24%-20%

Year to date, annualized, through each quarter.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets-0.75%-1.19%-3.51%-1.01%-2.09%0.00%0.06%0.33%+135 bps
Return on Equity-10.06%-15.71%-49.79%-20.54%-44.26%0.00%0.76%2.89%+2,344 bps
Net Interest Margin2.60%2.68%2.74%2.79%2.71%0.00%0.74%3.04%+25 bps
Efficiency Ratio99.54%98.85%99.32%105.16%131.03%n/a86.21%80.88%-2,428 bps
Non-Interest Burden2.64%2.71%3.13%3.03%3.61%0.00%0.63%2.41%-62 bps
Growth
Asset Growth (YoY)14.21%16.12%12.42%-2.60%-2.63%1.18%3.20%2.51%+511 bps
Loan Growth (YoY)3.39%5.81%3.50%-2.19%-6.23%-17.22%-16.11%-8.62%-644 bps
Deposit Growth (YoY)21.71%25.93%25.15%0.04%1.41%0.48%0.03%-1.28%-133 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 / Loans1.47%1.90%3.09%2.19%2.54%0.00%0.00%0.00%-219 bps
Allowance / Loans2.01%2.61%2.43%2.47%2.52%0.00%0.04%0.09%-238 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 Capital10.04%9.05%8.11%8.13%7.13%12.86%13.15%13.31%+519 bps
Equity / Assets7.49%7.78%5.04%4.84%4.26%11.01%11.29%11.63%+680 bps
Liquidity & Funding
Loans / Deposits88.69%92.05%87.34%82.28%82.00%75.83%73.25%76.16%-612 bps
Liquid Assets / Assets3.48%5.26%8.68%7.65%8.41%12.14%7.49%5.57%-208 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a