Friendship Community Bank

Ocala, FL · Cert 27270

FDIC

Q1 2001

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2

Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2001, the quarter ended March 31, 2001, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Ocala, FL · Cert 27270

FDIC

Q1 2001

$70.8MAssets

$27.1MLoans

$61.5MDeposits

$8.0MEquity

Deposit mix

Earnings: ROA of 0.39%, down 35 bps year over year; NIM at 3.02%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
Funding: loans stand at 44.06% of deposits as of Q1 2001.

Return on Assets (YTD, annualized)

0.39%-35 bps YoY

Net Interest Margin (YTD, annualized)

3.02%

n/a

Efficiency Ratio (YTD, annualized)

79.17%

n/a

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q2 1999	Q3 1999	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	YoY Δ	Trend
Earnings
Return on Assets	0.37%	0.42%	0.54%	0.74%	0.61%	0.64%	0.56%	0.39%	-35 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	n/a	3.02%	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	79.17%	n/a	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	n/a	n/a	2.30%	n/a	n/a
Growth
Asset Growth (YoY)	28.54%	24.11%	19.88%	5.09%	4.00%	17.59%	17.64%	72.06%	+6,697 bps
Loan Growth (YoY)	20.04%	26.49%	20.71%	27.45%	24.65%	25.89%	26.26%	36.63%	+918 bps
Deposit Growth (YoY)	32.52%	27.96%	22.54%	5.50%	3.83%	18.27%	17.39%	67.02%	+6,152 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	n/a	-0.01%	n/a	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	1.69%	n/a	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	n/a	11.76%	n/a	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a	11.23%	n/a	n/a
Liquidity & Funding
Loans / Deposits	47.28%	48.85%	49.09%	53.86%	56.76%	52.00%	52.80%	44.06%	-980 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.32%	+32 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a