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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 $1.7MQ3 2004Q2 2006
Deposit mix
86%Interest-bearing $204.5M14%Noninterest $34.3MQ3 2004Q2 2006

Executive Summary

  • Earnings: ROA of 1.40%, down 12 bps year over year; NIM at 4.05%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 84.11% of deposits as of Q2 2006.

Return on Assets (quarter, annualized)

1.40%-12 bps YoY

Net Interest Margin (quarter, annualized)

4.05%-19 bps YoY

Efficiency Ratio (quarter, annualized)

53.14%-455 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.53%Q2 ’046.07%Q2 ’056.84%Q2 ’06+4%-4%

Non-interest income vs. expense

2.93%Q2 ’042.66%Q2 ’052.31%Q2 ’06-9%-12%

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets1.17%0.95%1.10%1.52%1.27%1.25%1.15%1.40%-12 bps
Return on Equity16.11%13.26%15.95%21.66%17.94%17.77%16.12%19.32%-234 bps
Net Interest Margin4.31%4.10%3.90%4.24%4.18%3.95%3.92%4.05%-19 bps
Efficiency Ratio62.34%60.09%62.25%57.70%55.45%56.31%62.12%53.14%-455 bps
Non-Interest Burden2.52%2.32%2.30%2.29%2.16%2.08%2.32%2.01%-28 bps
Growth
Asset Growth (YoY)15.67%28.73%21.87%16.63%20.59%11.29%7.53%8.80%-783 bps
Loan Growth (YoY)13.97%15.43%18.17%23.37%22.73%22.28%21.09%20.05%-332 bps
Deposit Growth (YoY)15.85%30.37%22.80%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%0.05%0.21%0.03%0.10%0.04%0.00%0.04%+1 bps
Allowance / Loans0.83%0.88%0.84%0.77%0.79%0.79%0.78%0.72%-5 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital11.74%11.38%11.23%11.10%10.97%10.91%10.93%10.74%-35 bps
Equity / Assets7.52%6.91%6.89%7.18%7.04%7.07%7.19%7.34%+17 bps
Liquidity & Funding
Loans / Deposits75.01%68.89%70.47%75.84%75.80%75.88%79.86%84.11%+827 bps
Liquid Assets / Assets13.88%12.48%19.15%17.93%13.12%14.74%14.77%14.60%-333 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a