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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

5.01%Q3 ’046.24%Q3 ’056.73%Q3 ’06+27%-23%

Non-interest income vs. expense

2.88%Q3 ’043.18%Q3 ’052.07%Q3 ’06+15%-42%

Executive Summary

  • Earnings: ROA of 1.41%, down 8 bps year over year; NIM at 3.64%.
  • 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 (quarter, annualized)

1.41%-8 bps YoY

Net Interest Margin (quarter, annualized)

3.64%-111 bps YoY

Efficiency Ratio (quarter, annualized)

44.08%-847 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets1.49%1.22%1.70%1.58%1.41%-8 bps
Return on Equity11.59%10.16%14.62%13.96%14.16%+257 bps
Net Interest Margin4.75%4.77%4.27%4.29%3.64%-111 bps
Efficiency Ratio52.55%48.80%44.59%46.34%44.08%-847 bps
Non-Interest Burden2.24%2.08%1.60%1.71%1.31%-93 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 / Loans0.03%0.20%0.00%0.01%0.00%-3 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