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Ocala National Bank

Ocala, FL · Cert 26538

FDIC

Q4 2008

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2008, the quarter ended December 31, 2008, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Ocala National Bank

Ocala, FL · Cert 26538

FDIC

Q4 2008

$219.4MAssets
$184.2MLoans
$204.7MDeposits
$-10028KEquity
Loan mix
96%RE $174.7M4%C&I $6.9M0%Consumer $0.3MQ4 2007Q4 2008
Deposit mix
94%Interest-bearing $192.8M6%Noninterest $11.8MQ4 2007Q4 2008

NIM

6.12%Q4 ’067.34%Q4 ’075.53%Q4 ’08-3%-43%

Non-interest income vs. expense

2.25%Q4 ’063.28%Q4 ’073.44%Q4 ’08+39%+134%

Executive Summary

  • Earnings: ROA of -12.58%, down 1,181 bps year over year; NIM at 1.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 10.86%.
  • Funding: loans stand at 89.99% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-12.58%-1,181 bps YoY

Net Interest Margin (YTD, annualized)

1.67%-129 bps YoY

Efficiency Ratio (YTD, annualized)

587%+51,043 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets-0.77%-2.68%-5.69%-6.45%-12.58%-1,181 bps
Return on Equity-9.66%-35.45%-83.55%-105.81%-297%-28,762 bps
Net Interest Margin2.96%1.73%1.69%1.68%1.67%-129 bps
Efficiency Ratio76.20%118.93%144.53%202%587%+51,043 bps
Non-Interest Burden1.93%2.16%2.54%3.17%4.53%+259 bps
Growth
Asset Growth (YoY)-14.95%-14.87%-15.60%-15.98%-18.62%-366 bps
Loan Growth (YoY)-16.86%-19.51%-20.95%-18.25%-22.35%-549 bps
Deposit Growth (YoY)-21.32%-15.41%-18.84%-13.35%-5.50%+1,581 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.34%3.41%4.94%5.43%10.86%+953 bps
Allowance / Loans1.98%1.86%2.73%3.11%5.23%+325 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 Capital11.06%10.49%8.24%6.12%-6.60%-1,766 bps
Equity / Assets7.88%7.25%5.22%3.69%-4.57%-1,245 bps
Liquidity & Funding
Loans / Deposits109.52%101.72%97.98%99.70%89.99%-1,952 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a