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Wakulla Bank

Crawfordville, FL · Cert 21777

FDIC

Q3 2010

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2010, the quarter ended September 30, 2010, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Wakulla Bank

Crawfordville, FL · Cert 21777

FDIC

Q3 2010

$402.2MAssets
$277.6MLoans
$367.2MDeposits
$12.5MEquity
Loan mix
84%RE $190.0M15%C&I $34.8M1%Consumer $1.2MQ3 2009Q3 2010
Deposit mix
88%Interest-bearing $323.7M12%Noninterest $43.5MQ3 2009Q3 2010

NIM

6.35%Q3 ’085.32%Q3 ’095.06%Q3 ’10-17%+10%

Non-interest income vs. expense

3.17%Q3 ’083.09%Q3 ’094.70%Q3 ’10-3%+53%

Executive Summary

  • Earnings: ROA of -4.90%, down 182 bps year over year; NIM at 3.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.51%.
  • Funding: loans stand at 75.60% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

-4.90%-182 bps YoY

Net Interest Margin (YTD, annualized)

3.24%+29 bps YoY

Efficiency Ratio (YTD, annualized)

110.16%+2,529 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-3.07%-3.61%-6.48%-6.84%-4.90%-182 bps
Return on Equity-38.97%-48.45%-128.06%-154.89%-118.96%-7,999 bps
Net Interest Margin2.95%2.87%2.93%3.10%3.24%+29 bps
Efficiency Ratio84.87%98.22%109.34%105.94%110.16%+2,529 bps
Non-Interest Burden2.40%2.81%3.39%3.36%3.68%+128 bps
Growth
Asset Growth (YoY)-0.32%-6.50%-11.55%-17.44%-15.26%-1,494 bps
Loan Growth (YoY)-3.94%-8.14%-9.75%-13.73%-18.19%-1,425 bps
Deposit Growth (YoY)3.44%-2.83%-6.91%-11.80%-9.82%-1,326 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans5.35%6.12%2.51%4.71%4.51%-83 bps
Allowance / Loans3.37%3.99%6.12%7.38%7.21%+384 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 Capital9.44%7.67%5.27%2.61%2.24%-720 bps
Equity / Assets6.87%5.57%4.53%3.02%3.12%-375 bps
Liquidity & Funding
Loans / Deposits83.33%80.15%79.37%78.24%75.60%-773 bps
Liquid Assets / Assets0.21%0.06%0.08%0.96%0.04%-17 bps
CRE / Total Capitaln/an/an/an/an/an/an/a