PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First National Bank of Florida, The

Milton, FL · Cert 25155

FDIC

Q2 2011

$296.8MAssets
$186.0MLoans
$280.1MDeposits
$14.1MEquity
Loan mix
96%RE $145.8M3%C&I $5.2M0%Consumer $0.6MQ2 2010Q2 2011
Deposit mix
91%Interest-bearing $255.0M9%Noninterest $25.1MQ2 2010Q2 2011

NIM

4.17%Q2 ’093.48%Q2 ’103.06%Q2 ’11-5%-5%

Non-interest income vs. expense

7.20%Q2 ’093.59%Q2 ’104.95%Q2 ’11-27%+74%

Executive Summary

  • Earnings: ROA of -2.30%, up 16 bps year over year; NIM at 1.66%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.10%.
  • Funding: loans stand at 66.41% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

-2.30%+16 bps YoY

Net Interest Margin (quarter, annualized)

1.66%-8 bps YoY

Efficiency Ratio (quarter, annualized)

258%+12,127 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-2.46%-3.60%-2.80%-6.95%-2.30%+16 bps
Return on Equity-30.46%-46.54%-39.49%-116.21%-46.28%-1,582 bps
Net Interest Margin1.73%1.76%2.04%1.70%1.66%-8 bps
Efficiency Ratio136.86%209%269%439%258%+12,127 bps
Non-Interest Burden2.70%4.38%5.72%7.19%4.69%+199 bps
Growth
Asset Growth (YoY)-20.84%-18.02%-15.92%-14.09%-10.63%+1,020 bps
Loan Growth (YoY)-19.56%-23.29%-20.76%-21.76%-17.25%+230 bps
Deposit Growth (YoY)-20.49%-16.17%-13.91%-11.11%-6.90%+1,358 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.67%6.35%2.60%16.07%1.10%-257 bps
Allowance / Loans4.89%5.01%4.76%3.31%3.35%-154 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 Capital8.36%7.35%6.57%4.80%4.75%-361 bps
Equity / Assets8.06%7.42%6.75%5.19%4.76%-330 bps
Liquidity & Funding
Loans / Deposits74.71%69.99%70.43%66.76%66.41%-831 bps
Liquid Assets / Assets4.22%6.32%9.46%14.36%15.88%+1,166 bps
CRE / Total Capitaln/an/an/an/an/an/an/a