PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

CNB National Bank

Lake City, FL · Cert 26631

FDIC

Q2 2004

$847.4MAssets
$710.3MLoans
$757.3MDeposits
$66.6MEquity
Loan mix
68%RE $225.4M32%C&I $105.8M0%Consumer $0.5MQ2 2003Q2 2004
Deposit mix
86%Interest-bearing $648.9M14%Noninterest $108.4MQ2 2003Q2 2004

NIM

6.32%Q2 ’025.53%Q2 ’035.27%Q2 ’04-13%+3%

Non-interest income vs. expense

3.29%Q2 ’022.71%Q2 ’033.58%Q2 ’04-16%+51%

Executive Summary

  • Earnings: ROA of -0.72%, down 164 bps year over year; NIM at 3.68%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.72%.
  • Funding: loans stand at 93.80% of deposits as of Q2 2004.

Financial Results

Return on Assets (quarter, annualized)

-0.72%-164 bps YoY

Net Interest Margin (quarter, annualized)

3.68%+12 bps YoY

Efficiency Ratio (quarter, annualized)

82.03%+2,110 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets0.92%0.93%0.97%0.89%-0.72%-164 bps
Return on Equity11.32%11.44%11.95%10.73%-8.95%-2,026 bps
Net Interest Margin3.57%3.67%3.78%3.83%3.68%+12 bps
Efficiency Ratio60.93%60.46%57.96%61.43%82.03%+2,110 bps
Non-Interest Burden1.98%2.03%2.01%2.23%2.99%+101 bps
Growth
Asset Growth (YoY)19.79%18.00%12.23%7.68%7.11%-1,268 bps
Loan Growth (YoY)12.24%13.30%10.72%14.95%12.59%+35 bps
Deposit Growth (YoY)20.97%18.70%11.59%6.85%6.33%-1,463 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.26%0.04%0.10%0.18%0.72%+46 bps
Allowance / Loans1.08%1.07%1.07%1.07%1.18%+10 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 Capital10.61%10.50%10.57%10.55%10.10%-51 bps
Equity / Assets8.12%8.07%8.23%8.35%7.86%-26 bps
Liquidity & Funding
Loans / Deposits88.58%90.23%94.28%94.09%93.80%+521 bps
Liquid Assets / Assets3.46%4.96%3.72%2.73%1.01%-246 bps
CRE / Total Capitaln/an/an/an/an/an/an/a