PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Northern Trust Bank of Florida N.A.

Miami, FL · Cert 24185

FDIC

Q3 2011

$16.1BAssets
$10.9BLoans
$13.6BDeposits
$1.4BEquity
Loan mix
86%RE $8.6B14%C&I $1.4B0%Consumer $0.0BQ3 2010Q3 2011
Deposit mix
60%Interest-bearing $8.2B40%Noninterest $5.4BQ3 2010Q3 2011

NIM

3.76%Q3 ’093.60%Q3 ’102.76%Q3 ’11+4%-18%

Non-interest income vs. expense

2.68%Q3 ’092.53%Q3 ’102.08%Q3 ’11-19%-37%

Executive Summary

  • Earnings: ROA of 0.92%, down 6 bps year over year; NIM at 2.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.58%.
  • Funding: loans stand at 80.47% of deposits as of Q3 2011.

Financial Results

Return on Assets (quarter, annualized)

0.92%-6 bps YoY

Net Interest Margin (quarter, annualized)

2.34%-52 bps YoY

Efficiency Ratio (quarter, annualized)

51.34%-159 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets0.97%0.50%0.90%1.03%0.92%-6 bps
Return on Equity10.59%4.93%8.44%9.65%9.47%-112 bps
Net Interest Margin2.86%2.76%2.61%2.55%2.34%-52 bps
Efficiency Ratio52.93%55.32%51.57%54.37%51.34%-159 bps
Non-Interest Burden0.61%0.67%0.41%0.53%0.39%-23 bps
Growth
Asset Growth (YoY)-1.83%-1.72%3.22%8.18%34.44%+3,627 bps
Loan Growth (YoY)1.62%0.42%-0.27%-2.73%-2.68%-430 bps
Deposit Growth (YoY)-1.77%-2.99%2.28%8.35%48.64%+5,041 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.62%1.21%0.74%0.38%0.58%-5 bps
Allowance / Loansn/an/an/an/an/an/an/a
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 Capital12.18%13.91%14.18%14.61%13.94%+176 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits122.91%116.10%110.83%105.15%80.47%-4,243 bps
Liquid Assets / Assets0.27%0.26%0.24%0.22%0.18%-9 bps
CRE / Total Capitaln/an/an/an/an/an/an/a