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

7.53%Q2 ’075.64%Q2 ’084.81%Q2 ’09-33%-24%

Non-interest income vs. expense

3.89%Q2 ’073.77%Q2 ’084.70%Q2 ’09-2%+148%

Executive Summary

  • Earnings: ROA of -11.86%, down 1,008 bps year over year; NIM at 2.41%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.92%.
  • Funding: loans stand at 83.56% of deposits as of Q2 2009.

Financial Results

Return on Assets (quarter, annualized)

-11.86%-1,008 bps YoY

Net Interest Margin (quarter, annualized)

2.41%-76 bps YoY

Efficiency Ratio (quarter, annualized)

2548%+244,538 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-1.78%-3.96%-5.06%-26.15%-11.86%-1,008 bps
Return on Equity-22.95%-46.01%-56.87%-486%-1683%-166,030 bps
Net Interest Margin3.17%3.61%2.97%2.74%2.41%-76 bps
Efficiency Ratio102.90%107.88%149.89%323%2548%+244,538 bps
Non-Interest Burden3.28%3.94%4.75%5.70%8.13%+485 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 / Loans2.78%2.87%4.47%16.98%5.92%+314 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