First State Bank of Pinellas

Saint Petersburg, FL · Cert 27186

FDIC

Q2 2001

$52.8MAssets

$35.5MLoans

$46.0MDeposits

$5.0MEquity

Deposit mix

Executive Summary

Earnings: ROA of 0.62%, down 4 bps year over year; NIM at 4.12%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.32%.
Funding: loans stand at 77.14% of deposits as of Q2 2001.

Return on Assets (YTD, annualized)

0.62%-4 bps YoY

Net Interest Margin (YTD, annualized)

4.12%

Efficiency Ratio (YTD, annualized)

80.63%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q3 1999	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	YoY Δ	Trend
Earnings
Return on Assets	0.38%	0.42%	0.54%	0.66%	0.67%	0.79%	0.67%	0.62%	-4 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	4.34%	4.12%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	79.62%	80.63%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	n/a	3.27%	3.14%	n/a
Growth
Asset Growth (YoY)	3.40%	5.28%	6.57%	14.07%	4.75%	-1.82%	1.20%	-1.62%	-1,570 bps
Loan Growth (YoY)	15.26%	22.88%	19.31%	19.18%	5.67%	0.85%	7.18%	1.72%	-1,746 bps
Deposit Growth (YoY)	1.80%	0.26%	6.20%	14.16%	5.55%	-0.29%	-1.86%	-4.74%	-1,890 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	0.62%	0.32%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	1.72%	1.78%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	13.08%	13.98%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	9.23%	9.44%	n/a
Liquidity & Funding
Loans / Deposits	75.37%	77.49%	72.34%	72.24%	75.46%	78.38%	79.00%	77.14%	+490 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.99%	11.52%	+1,152 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a