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Letter portraitLegal landscapeQuarterYTD

Public Bank

Saint Cloud, FL · Cert 23410

FDIC

Q1 2007

$431.9MAssets
$330.8MLoans
$339.5MDeposits
$35.4MEquity
Deposit mix
87%Interest-bearing $295.9M13%Noninterest $43.6MQ1 2006Q1 2007

NIM

5.42%Q1 ’056.65%Q1 ’066.79%Q1 ’07+9%-17%

Non-interest income vs. expense

2.39%Q1 ’052.15%Q1 ’061.99%Q1 ’07+4%-3%

Executive Summary

  • Earnings: ROA of 1.36%, down 43 bps year over year; NIM at 3.64%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 97.43% of deposits as of Q1 2007.

Financial Results

Return on Assets (YTD, annualized)

1.36%-43 bps YoY

Net Interest Margin (YTD, annualized)

3.64%-76 bps YoY

Efficiency Ratio (YTD, annualized)

47.43%+502 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets1.79%1.64%1.62%1.60%1.36%-43 bps
Return on Equity21.99%20.33%20.11%19.75%16.63%-535 bps
Net Interest Margin4.39%4.13%4.01%3.88%3.64%-76 bps
Efficiency Ratio42.41%44.43%44.31%44.24%47.43%+502 bps
Non-Interest Burden1.47%1.47%1.43%1.37%1.43%-4 bps
Growth
Asset Growth (YoY)12.98%11.13%8.29%10.75%10.04%-294 bps
Loan Growth (YoY)17.14%16.56%11.12%12.14%13.14%-401 bps
Deposit Growth (YoY)7.26%0.15%0.87%3.72%6.91%-35 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.00%-0.01%0.00%0.00%-1 bps
Allowance / Loans1.28%1.24%1.22%1.21%1.19%-9 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 Capital11.72%11.47%11.47%11.66%11.34%-38 bps
Equity / Assets8.13%7.89%8.11%8.20%8.19%+6 bps
Liquidity & Funding
Loans / Deposits92.07%99.69%98.00%100.07%97.43%+536 bps
Liquid Assets / Assets0.76%1.60%2.72%2.89%2.67%+191 bps
CRE / Total Capitaln/an/an/an/an/an/an/a