PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Community National Bank of Sarasota County

Venice, FL · Cert 27183

FDIC

Q2 2009

$92.5MAssets
$77.2MLoans
$92.4MDeposits
$-751KEquity
Deposit mix
86%Interest-bearing $79.8M14%Noninterest $12.5MQ2 2008Q2 2009

NIM

7.62%Q2 ’076.13%Q2 ’085.02%Q2 ’09-26%-25%

Non-interest income vs. expense

3.87%Q2 ’073.89%Q2 ’084.57%Q2 ’09-3%+114%

Executive Summary

  • Earnings: ROA of -19.12%, down 1,729 bps year over year; NIM at 2.63%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 11.78%.
  • Funding: loans stand at 83.56% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

-19.12%-1,729 bps YoY

Net Interest Margin (YTD, annualized)

2.63%-89 bps YoY

Efficiency Ratio (YTD, annualized)

2548%+245,412 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-1.83%-2.51%-3.12%-26.15%-19.12%-1,729 bps
Return on Equity-22.96%-30.18%-37.48%-486%-564%-54,140 bps
Net Interest Margin3.52%3.73%3.57%2.74%2.63%-89 bps
Efficiency Ratio94.15%98.52%109.46%323%2548%+245,412 bps
Non-Interest Burden3.28%3.67%3.97%5.70%7.02%+374 bps
Growth
Asset Growth (YoY)-4.04%-3.59%-8.15%-16.01%-10.39%-635 bps
Loan Growth (YoY)-3.81%-9.10%-12.35%-16.06%-13.95%-1,014 bps
Deposit Growth (YoY)-2.80%-7.67%-7.43%-10.32%-0.80%+200 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.55%2.02%2.67%16.98%11.78%+1,023 bps
Allowance / Loans1.55%1.95%1.86%4.79%5.31%+376 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 Capital11.51%13.33%12.00%3.91%-1.22%-1,273 bps
Equity / Assets7.87%9.34%8.44%2.17%-0.81%-868 bps
Liquidity & Funding
Loans / Deposits96.32%102.43%94.29%86.63%83.56%-1,277 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a