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Transatlantic Bank

Miami, FL · Cert 25580

FDIC

Q2 2010

$532.0MAssets
$306.1MLoans
$454.2MDeposits
$55.9MEquity
Deposit mix
95%Interest-bearing $432.6M5%Noninterest $21.6MQ2 2009Q2 2010

NIM

6.30%Q2 ’084.22%Q2 ’094.30%Q2 ’10-21%+16%

Non-interest income vs. expense

3.17%Q2 ’083.38%Q2 ’092.96%Q2 ’10+13%-17%

Executive Summary

  • Earnings: ROA of 0.52%, up 229 bps year over year; NIM at 3.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.55%.
  • Funding: loans stand at 67.38% of deposits as of Q2 2010.

Financial Results

Return on Assets (YTD, annualized)

0.52%+229 bps YoY

Net Interest Margin (YTD, annualized)

3.50%+49 bps YoY

Efficiency Ratio (YTD, annualized)

69.67%-2,112 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets-1.77%-1.37%-0.45%0.44%0.52%+229 bps
Return on Equity-17.17%-13.61%-4.47%4.51%5.20%+2,237 bps
Net Interest Margin3.01%2.98%2.96%3.37%3.50%+49 bps
Efficiency Ratio90.79%94.76%83.76%71.19%69.67%-2,112 bps
Non-Interest Burden2.66%2.79%2.36%2.18%2.21%-45 bps
Growth
Asset Growth (YoY)-4.44%8.08%18.83%2.55%0.83%+526 bps
Loan Growth (YoY)-18.69%-12.51%-2.10%-3.76%-1.71%+1,698 bps
Deposit Growth (YoY)-3.30%10.91%24.39%6.18%2.93%+623 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.11%1.65%1.65%3.23%1.55%-56 bps
Allowance / Loans2.55%2.50%2.18%1.75%1.96%-58 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 Capital17.39%17.19%17.50%16.76%16.21%-118 bps
Equity / Assets9.42%9.40%9.75%9.94%10.51%+109 bps
Liquidity & Funding
Loans / Deposits70.57%70.86%72.57%66.21%67.38%-318 bps
Liquid Assets / Assets25.56%27.18%15.31%9.15%7.47%-1,810 bps
CRE / Total Capitaln/an/an/an/an/an/an/a