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Tallahassee State Bank, The

Tallahassee, FL · Cert 21866

FDIC

Q1 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: Q1 2010, the quarter ended March 31, 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 2026-10-11

Tallahassee State Bank, The

Tallahassee, FL · Cert 21866

FDIC

Q1 2010

$359.8MAssets
$280.7MLoans
$330.6MDeposits
$28.4MEquity
Loan mix
87%RE $189.5M13%C&I $28.6M0%Consumer $0.8MQ1 2009Q1 2010
Deposit mix
90%Interest-bearing $297.4M10%Noninterest $33.2MQ1 2009Q1 2010

NIM

6.77%Q1 ’085.09%Q1 ’094.52%Q1 ’10-14%+0%

Non-interest income vs. expense

1.35%Q1 ’081.56%Q1 ’092.09%Q1 ’10+17%+48%

Executive Summary

  • Earnings: ROA of -7.59%, down 730 bps year over year; NIM at 3.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 10.89%.
  • Funding: loans stand at 84.89% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

-7.59%-730 bps YoY

Net Interest Margin (YTD, annualized)

3.32%+1 bps YoY

Efficiency Ratio (YTD, annualized)

55.14%+1,385 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-0.29%-1.67%-2.77%-5.20%-7.59%-730 bps
Return on Equity-3.22%-18.98%-31.89%-60.09%-92.64%-8,941 bps
Net Interest Margin3.31%3.38%3.28%3.34%3.32%+1 bps
Efficiency Ratio41.29%45.41%45.82%46.66%55.14%+1,385 bps
Non-Interest Burden1.10%1.29%1.26%1.36%1.63%+53 bps
Growth
Asset Growth (YoY)-7.81%4.59%3.65%-0.75%5.68%+1,349 bps
Loan Growth (YoY)-5.87%2.46%-3.98%-12.70%-13.94%-807 bps
Deposit Growth (YoY)-4.29%6.42%5.24%0.43%10.11%+1,439 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.67%4.69%6.99%11.15%10.89%+822 bps
Allowance / Loans2.83%2.82%3.18%2.73%2.86%+3 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 Capital10.30%10.28%10.47%10.50%10.79%+48 bps
Equity / Assets8.93%8.57%8.45%8.50%7.89%-104 bps
Liquidity & Funding
Loans / Deposits108.61%101.99%96.03%92.02%84.89%-2,372 bps
Liquid Assets / Assets0.00%0.17%0.74%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a