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1st National Bank & Trust

Bradenton, FL · Cert 26744

FDIC

Q2 2006

$465.0MAssets
$283.0MLoans
$285.4MDeposits
$118.7MEquity
Loan mix
91%RE $100.4M8%C&I $9.2M0%Consumer $0.2MQ2 2005Q2 2006
Deposit mix
87%Interest-bearing $248.0M13%Noninterest $37.4MQ2 2005Q2 2006

NIM

5.01%Q2 ’045.66%Q2 ’050.05%Q2 ’06+4%-97%

Non-interest income vs. expense

2.89%Q2 ’042.77%Q2 ’05-0.41%Q2 ’06-8%-116%

Executive Summary

  • Earnings: ROA of 0.30%, down 83 bps year over year; NIM at 0.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 99.17% of deposits as of Q2 2006.

Financial Results

Return on Assets (quarter, annualized)

0.30%-83 bps YoY

Net Interest Margin (quarter, annualized)

0.13%-369 bps YoY

Efficiency Ratio (quarter, annualized)

-3063%-312,269 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets1.13%1.00%0.85%0.70%0.30%-83 bps
Return on Equity13.86%12.21%10.67%8.88%1.70%-1,216 bps
Net Interest Margin3.82%3.73%3.42%3.28%0.13%-369 bps
Efficiency Ratio59.36%62.23%65.22%71.30%-3063%-312,269 bps
Non-Interest Burden1.92%2.04%1.99%2.16%-0.31%-223 bps
Growth
Asset Growth (YoY)13.88%14.98%18.75%13.72%33.97%+2,009 bps
Loan Growth (YoY)13.02%15.03%20.39%21.29%10.88%-214 bps
Deposit Growth (YoY)11.45%14.83%20.90%13.47%-2.39%-1,384 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.00%0.00%0.00%0.00%+1 bps
Allowance / Loans1.00%1.00%1.00%1.00%1.03%+2 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 Capital11.65%11.59%11.46%11.68%9.87%-178 bps
Equity / Assets8.20%8.15%7.82%7.88%25.52%+1,732 bps
Liquidity & Funding
Loans / Deposits87.30%90.54%87.34%88.78%99.17%+1,187 bps
Liquid Assets / Assets0.16%0.09%0.17%0.12%8.98%+882 bps
CRE / Total Capitaln/an/an/an/an/an/an/a