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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

5.87%Q2 ’084.05%Q2 ’094.34%Q2 ’10-16%+23%

Non-interest income vs. expense

3.12%Q2 ’083.54%Q2 ’092.97%Q2 ’10+23%-22%

Executive Summary

  • Earnings: ROA of 0.60%, up 229 bps year over year; NIM at 3.61%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.15%.
  • Funding: loans stand at 67.38% of deposits as of Q2 2010.

Financial Results

Return on Assets (quarter, annualized)

0.60%+229 bps YoY

Net Interest Margin (quarter, annualized)

3.61%+67 bps YoY

Efficiency Ratio (quarter, annualized)

68.23%-2,905 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets-1.69%-0.61%2.18%0.44%0.60%+229 bps
Return on Equity-17.64%-6.47%22.80%4.51%5.88%+2,352 bps
Net Interest Margin2.94%3.01%3.04%3.37%3.61%+67 bps
Efficiency Ratio97.28%102.52%52.11%71.19%68.23%-2,905 bps
Non-Interest Burden2.84%3.10%1.22%2.18%2.22%-62 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 / Loans-0.19%0.81%1.79%3.23%-0.15%+4 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