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Midflorida

Lakeland, FL · Charter 23079

Q2 2009

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: Q2 2009, the quarter ended June 30, 2009, 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: NCUA 5300 Call Report, 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

Midflorida

Lakeland, FL · Charter 23079

Q2 2009

$1.4BAssets
$839.4MLoans
$1.1BShares
$119.1MNet Worth

Executive Summary

  • Earnings: ROA of 1.05%, up 34 bps year over year; NIM at 3.11%.
  • Asset quality: problem loans at 0.80% of loans (+71 bps YoY).
  • Capital: net worth / assets of 8.55%, up 2 bps from a year ago.
  • Funding: loans stand at 73.79% of shares as of Q2 2009.

Return on Assets (YTD, annualized)

1.05%+34 bps YoY

Net Interest Margin (YTD, annualized)

3.11%+34 bps YoY

Efficiency Ratio (YTD, annualized)

56.76%-1,081 bps YoY

Net Worth / Assets

8.55%+2 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets1.12%1.11%0.85%0.71%0.97%0.96%0.90%1.05%+34 bps
Return on Equity12.86%12.30%9.83%8.36%10.53%10.20%10.67%12.28%+392 bps
Net Interest Margin2.48%2.53%2.59%2.77%2.96%3.02%3.15%3.11%+34 bps
Efficiency Ratio69.27%69.07%71.21%67.57%65.10%64.38%66.88%56.76%-1,081 bps
Growth
Asset Growth (YoY)9.68%12.20%15.18%14.10%5.84%6.80%5.50%4.71%-939 bps
Loan Growth (YoY)8.64%7.65%9.29%8.51%11.71%11.45%9.30%6.72%-179 bps
Share Growth (YoY)9.45%11.55%10.49%7.05%4.17%1.91%2.96%4.79%-226 bps
Asset Quality
Delinquent Loans / Loans0.10%0.15%0.11%0.09%0.31%0.37%0.57%0.80%+71 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.59%0.63%0.66%0.98%1.04%1.21%1.31%2.09%+111 bps
Capital
Risk-Based Capital8.69%9.05%8.65%8.53%9.18%9.44%8.44%8.55%+2 bps
Net Worth / Assets8.69%9.05%8.65%8.53%9.18%9.44%8.44%8.55%+2 bps
Liquidity & Funding
Loans / Shares74.76%74.32%70.73%72.46%80.17%81.28%75.09%73.79%+133 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps