Net First National Bank

Boca Raton, FL · Cert 26652

FDIC

Q4 2001

$37.2MAssets

$22.0MLoans

$31.6MDeposits

$5.1MEquity

Loan mix

Deposit mix

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.

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.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	0.00%	-0.96%	-1.02%	-2.82%	-2.00%	-0.95%	-0.45%	-4.88%	-207 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	2.23%	2.43%	2.41%	1.80%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	140.60%	114.97%	106.60%	129.98%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	4.24%	3.37%	2.87%	3.56%	n/a
Growth
Asset Growth (YoY)	45.20%	29.88%	23.88%	26.10%	28.28%	25.44%	14.66%	-0.57%	-2,667 bps
Loan Growth (YoY)	228%	25.90%	22.06%	6.04%	4.34%	35.75%	36.15%	41.76%	+3,572 bps
Deposit Growth (YoY)	44.04%	46.35%	33.73%	29.84%	43.33%	27.25%	14.76%	6.43%	-2,341 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	0.00%	0.00%	0.08%	3.66%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	4.46%	3.68%	3.31%	5.15%	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	27.85%	15.39%	15.23%	10.18%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	17.41%	17.34%	17.26%	13.78%	n/a
Liquidity & Funding
Loans / Deposits	74.39%	61.32%	58.48%	52.31%	54.15%	65.42%	69.38%	69.68%	+1,737 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a