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First Community Bank

Debary, FL · Cert 27066

FDIC

Q2 2006

$260.8MAssets
$200.9MLoans
$238.9MDeposits
$19.2MEquity
Loan mix
78%RE $65.3M20%C&I $17.1M2%Consumer $1.7MQ2 2005Q2 2006
Deposit mix
86%Interest-bearing $204.5M14%Noninterest $34.3MQ2 2005Q2 2006

NIM

5.52%Q2 ’045.84%Q2 ’056.69%Q2 ’06-2%-1%

Non-interest income vs. expense

2.93%Q2 ’042.64%Q2 ’052.48%Q2 ’06-10%-5%

Executive Summary

  • Earnings: ROA of 1.28%, down 4 bps year over year; NIM at 4.00%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 84.11% of deposits as of Q2 2006.

Financial Results

Return on Assets (YTD, annualized)

1.28%-4 bps YoY

Net Interest Margin (YTD, annualized)

4.00%-5 bps YoY

Efficiency Ratio (YTD, annualized)

57.59%-228 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets1.32%1.30%1.29%1.15%1.28%-4 bps
Return on Equity18.83%18.53%18.34%16.12%17.71%-112 bps
Net Interest Margin4.05%4.02%3.85%3.92%4.00%-5 bps
Efficiency Ratio59.87%58.34%57.82%62.12%57.59%-228 bps
Non-Interest Burden2.28%2.20%2.09%2.32%2.17%-11 bps
Growth
Asset Growth (YoY)16.63%20.59%11.29%7.53%8.80%-783 bps
Loan Growth (YoY)23.37%22.73%22.28%21.09%20.05%-332 bps
Deposit Growth (YoY)16.73%21.46%11.01%6.85%8.25%-848 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.11%0.10%0.09%0.00%0.02%-9 bps
Allowance / Loans0.77%0.79%0.79%0.78%0.72%-5 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 Capital11.10%10.97%10.91%10.93%10.74%-35 bps
Equity / Assets7.18%7.04%7.07%7.19%7.34%+17 bps
Liquidity & Funding
Loans / Deposits75.84%75.80%75.88%79.86%84.11%+827 bps
Liquid Assets / Assets17.93%13.12%14.74%14.77%14.60%-333 bps
CRE / Total Capitaln/an/an/an/an/an/an/a