Manufacturers Bank of Florida

Tampa, FL · Cert 26560

FDIC

Q3 2001

$296.2MAssets

$253.4MLoans

$212.9MDeposits

$23.3MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 0.57%, down 51 bps year over year; NIM at 4.09%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.05%.
Funding: loans stand at 119.00% of deposits as of Q3 2001.

Return on Assets (quarter, annualized)

0.57%-51 bps YoY

Net Interest Margin (quarter, annualized)

4.09%

Efficiency Ratio (quarter, annualized)

72.08%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	1.00%	1.04%	1.10%	1.08%	1.12%	1.17%	1.50%	0.57%	-51 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	19.25%	7.19%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	4.01%	4.13%	4.09%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	60.95%	57.33%	72.08%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	2.23%	2.16%	2.81%	n/a
Growth
Asset Growth (YoY)	47.63%	49.86%	16.30%	16.32%	11.12%	11.09%	15.83%	14.52%	-180 bps
Loan Growth (YoY)	50.65%	45.91%	20.19%	18.25%	18.62%	22.94%	24.87%	22.14%	+389 bps
Deposit Growth (YoY)	46.47%	47.18%	8.52%	6.99%	3.91%	1.59%	9.61%	7.12%	+12 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	-0.05%	0.05%	-0.05%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	1.24%	1.20%	1.29%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	10.32%	10.56%	10.08%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	7.61%	7.94%	7.86%	n/a
Liquidity & Funding
Loans / Deposits	91.77%	91.46%	99.59%	104.36%	104.76%	110.69%	113.45%	119.00%	+1,464 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.71%	0.20%	0.20%	+20 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a