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Letter portraitLegal landscapeQuarterYTD

Tri-County Bank

Trenton, FL · Cert 26966

FDIC

Q3 2006

$100.7MAssets
$57.3MLoans
$90.5MDeposits
$9.2MEquity
Loan mix
75%RE $18.4M25%C&I $6.2M0%Consumer $0.0MQ3 2005Q3 2006
Deposit mix
90%Interest-bearing $81.4M10%Noninterest $9.1MQ3 2005Q3 2006

NIM

4.85%Q3 ’045.54%Q3 ’056.02%Q3 ’06+19%-13%

Non-interest income vs. expense

2.83%Q3 ’043.05%Q3 ’052.11%Q3 ’06+15%-35%

Executive Summary

  • Earnings: ROA of 1.52%, up 16 bps year over year; NIM at 3.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 63.28% of deposits as of Q3 2006.

Financial Results

Return on Assets (YTD, annualized)

1.52%+16 bps YoY

Net Interest Margin (YTD, annualized)

3.67%-53 bps YoY

Efficiency Ratio (YTD, annualized)

45.02%-1,082 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets1.36%1.33%1.70%1.63%1.52%+16 bps
Return on Equity10.58%10.57%14.62%14.30%14.22%+364 bps
Net Interest Margin4.20%4.35%4.27%4.16%3.67%-53 bps
Efficiency Ratio55.84%53.96%44.59%45.49%45.02%-1,082 bps
Non-Interest Burden2.12%2.11%1.60%1.61%1.39%-74 bps
Growth
Asset Growth (YoY)-5.36%9.03%9.35%18.66%37.77%+4,312 bps
Loan Growth (YoY)14.36%19.30%23.60%30.29%18.76%+440 bps
Deposit Growth (YoY)9.67%10.75%10.64%21.81%43.15%+3,348 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.04%0.00%0.01%0.00%+2 bps
Allowance / Loans1.39%1.40%1.36%1.27%1.31%-8 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 Capital16.69%15.23%15.50%14.98%14.59%-210 bps
Equity / Assets12.47%11.49%11.72%11.00%9.16%-331 bps
Liquidity & Funding
Loans / Deposits76.28%78.12%81.71%82.11%63.28%-1,300 bps
Liquid Assets / Assets0.86%0.77%0.40%0.11%0.09%-78 bps
CRE / Total Capitaln/an/an/an/an/an/an/a