PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Peninsula Bank

Englewood, FL · Cert 26563

FDIC

Q1 2010

$630.2MAssets
$403.2MLoans
$580.1MDeposits
$-2089KEquity
Loan mix
85%RE $311.5M14%C&I $52.4M1%Consumer $2.9MQ1 2009Q1 2010
Deposit mix
97%Interest-bearing $564.0M3%Noninterest $16.1MQ1 2009Q1 2010

NIM

7.01%Q1 ’085.81%Q1 ’092.76%Q1 ’10-19%-93%

Non-interest income vs. expense

2.00%Q1 ’082.45%Q1 ’093.33%Q1 ’10+29%-280%

Executive Summary

  • Earnings: ROA of -2.40%, down 226 bps year over year; NIM at 0.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.70%.
  • Funding: loans stand at 69.50% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

-2.40%-226 bps YoY

Net Interest Margin (quarter, annualized)

0.18%-226 bps YoY

Efficiency Ratio (quarter, annualized)

45.07%-4,463 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-0.14%-7.96%-2.07%-20.41%-2.40%-226 bps
Return on Equity-1.91%-124.93%-38.98%-782%1367%+136,847 bps
Net Interest Margin2.44%0.19%1.17%0.30%0.18%-226 bps
Efficiency Ratio89.70%1072%146.25%2974%45.07%-4,463 bps
Non-Interest Burden2.16%3.65%1.91%10.16%-3.88%-604 bps
Growth
Asset Growth (YoY)4.05%8.23%6.48%-4.67%-0.11%-415 bps
Loan Growth (YoY)7.68%8.27%-2.12%-11.42%-13.04%-2,073 bps
Deposit Growth (YoY)3.12%12.22%14.55%6.02%12.12%+901 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%4.32%5.81%13.13%0.70%+66 bps
Allowance / Loans2.55%4.76%4.55%4.20%7.95%+540 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 Capital9.81%6.92%6.67%0.95%-2.04%-1,185 bps
Equity / Assets7.26%5.48%5.15%-0.02%-0.33%-759 bps
Liquidity & Funding
Loans / Deposits89.61%86.00%78.67%72.72%69.50%-2,011 bps
Liquid Assets / Assets2.31%6.59%5.29%6.50%7.63%+531 bps
CRE / Total Capitaln/an/an/an/an/an/an/a