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Letter portraitLegal landscapeQuarterYTD

Hemisphere National Bank, The

Miami, FL · Cert 22846

FDIC

Q3 2009

$433.0MAssets
$341.3MLoans
$352.7MDeposits
$-14510KEquity
Deposit mix
76%Interest-bearing $268.4M24%Noninterest $84.3MQ3 2008Q3 2009

NIM

6.48%Q3 ’075.81%Q3 ’084.56%Q3 ’09+33%-17%

Non-interest income vs. expense

3.62%Q3 ’073.90%Q3 ’086.00%Q3 ’09+35%+74%

Executive Summary

  • Earnings: ROA of -7.46%, down 574 bps year over year; NIM at 2.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.88%.
  • Funding: loans stand at 96.78% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

-7.46%-574 bps YoY

Net Interest Margin (YTD, annualized)

2.79%-56 bps YoY

Efficiency Ratio (YTD, annualized)

225%+12,192 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-1.72%-4.40%-9.65%-8.09%-7.46%-574 bps
Return on Equity-21.91%-64.31%17933%916%508%+52,992 bps
Net Interest Margin3.34%3.70%2.90%2.75%2.79%-56 bps
Efficiency Ratio102.78%113.73%190.92%277%225%+12,192 bps
Non-Interest Burden3.53%5.26%6.53%6.84%6.16%+262 bps
Growth
Asset Growth (YoY)-15.61%-23.66%-22.94%-25.57%-18.84%-323 bps
Loan Growth (YoY)-15.30%-18.81%-18.45%-20.75%-14.20%+110 bps
Deposit Growth (YoY)-16.57%-18.08%-12.48%-16.64%-8.01%+856 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.21%1.58%2.92%2.36%2.88%+167 bps
Allowance / Loans2.12%2.66%3.15%2.98%2.18%+6 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 Capital14.53%12.30%6.56%4.34%1.99%-1,254 bps
Equity / Assets6.40%1.87%-2.02%-2.69%-3.35%-975 bps
Liquidity & Funding
Loans / Deposits103.76%100.82%97.65%98.37%96.78%-698 bps
Liquid Assets / Assets5.30%2.14%6.20%5.28%6.75%+145 bps
CRE / Total Capitaln/an/an/an/an/an/an/a