PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Net First National Bank

Boca Raton, FL · Cert 26652

FDIC

Q4 2001

$37.2MAssets
$22.0MLoans
$31.6MDeposits
$5.1MEquity
Loan mix
32%RE $4.2M67%C&I $8.7M1%Consumer $0.2MQ4 2000Q4 2001
Deposit mix
78%Interest-bearing $24.7M22%Noninterest $6.9MQ4 2000Q4 2001

NIM

6.58%Q1 ’016.50%Q3 ’015.57%Q4 ’01+8%-26%

Non-interest income vs. expense

6.95%Q1 ’017.30%Q3 ’017.66%Q4 ’01-32%+24%

Executive Summary

  • Earnings: ROA of -4.88%, down 207 bps year over year; NIM at 1.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.66%.
  • Funding: loans stand at 69.68% of deposits as of Q4 2001.

Financial Results

Return on Assets (YTD, annualized)

-4.88%-207 bps YoY

Net Interest Margin (YTD, annualized)

1.80%

Efficiency Ratio (YTD, annualized)

129.98%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets-2.82%-2.00%-0.95%-0.45%-4.88%-207 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/a2.23%2.43%2.41%1.80%n/a
Efficiency Ration/a140.60%114.97%106.60%129.98%n/a
Non-Interest Burdenn/a4.24%3.37%2.87%3.56%n/a
Growth
Asset Growth (YoY)26.10%28.28%25.44%14.66%-0.57%-2,667 bps
Loan Growth (YoY)6.04%4.34%35.75%36.15%41.76%+3,572 bps
Deposit Growth (YoY)29.84%43.33%27.25%14.76%6.43%-2,341 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.00%0.00%0.08%3.66%n/a
Allowance / Loansn/a4.46%3.68%3.31%5.15%n/a
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 Capitaln/a27.85%15.39%15.23%10.18%n/a
Equity / Assetsn/a17.41%17.34%17.26%13.78%n/a
Liquidity & Funding
Loans / Deposits52.31%54.15%65.42%69.38%69.68%+1,737 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