PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Equitable Bank

Fort Lauderdale, FL · Cert 26903

FDIC

Q4 2007

$172.5MAssets
$159.9MLoans
$130.9MDeposits
$22.4MEquity
Loan mix
73%RE $89.9M27%C&I $32.5M0%Consumer $0.2MQ4 2006Q4 2007
Deposit mix
78%Interest-bearing $102.5M22%Noninterest $28.4MQ4 2006Q4 2007

NIM

7.10%Q4 ’058.15%Q4 ’067.98%Q4 ’07-3%-11%

Non-interest income vs. expense

3.75%Q4 ’053.69%Q4 ’063.41%Q4 ’07-5%-5%

Executive Summary

  • Earnings: ROA of -0.12%, down 161 bps year over year; NIM at 5.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 122.10% of deposits as of Q4 2007.

Financial Results

Return on Assets (quarter, annualized)

-0.12%-161 bps YoY

Net Interest Margin (quarter, annualized)

5.10%-64 bps YoY

Efficiency Ratio (quarter, annualized)

61.75%+308 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets1.49%1.72%1.62%1.54%-0.12%-161 bps
Return on Equity13.76%15.23%14.07%12.88%-0.96%-1,472 bps
Net Interest Margin5.74%5.89%5.34%5.31%5.10%-64 bps
Efficiency Ratio58.67%54.89%54.93%55.80%61.75%+308 bps
Non-Interest Burden3.14%2.99%2.72%2.77%2.99%-15 bps
Growth
Asset Growth (YoY)18.05%9.89%3.09%-3.05%-5.69%-2,375 bps
Loan Growth (YoY)20.09%15.50%11.18%3.97%4.38%-1,570 bps
Deposit Growth (YoY)14.82%12.22%10.82%-10.16%-11.01%-2,583 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.26%0.01%-0.03%0.00%-0.01%-27 bps
Allowance / Loans1.29%1.29%1.27%1.26%1.91%+62 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 Capital14.75%15.05%15.17%15.77%15.81%+106 bps
Equity / Assets11.16%11.44%11.53%12.36%12.95%+180 bps
Liquidity & Funding
Loans / Deposits104.10%106.25%104.75%118.78%122.10%+1,800 bps
Liquid Assets / Assets6.97%6.80%7.65%6.55%4.06%-292 bps
CRE / Total Capitaln/an/an/an/an/an/an/a