PackageTrendsPeer
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Independent National Bank

Ocala, FL · Cert 27344

FDIC

Q2 2010

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: Q2 2010, the quarter ended June 30, 2010, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Independent National Bank

Ocala, FL · Cert 27344

FDIC

Q2 2010

$156.2MAssets
$117.8MLoans
$141.9MDeposits
$3.1MEquity
Loan mix
95%RE $98.3M4%C&I $4.6M0%Consumer $0.3MQ2 2009Q2 2010
Deposit mix
90%Interest-bearing $127.5M10%Noninterest $14.4MQ2 2009Q2 2010

NIM

5.67%Q2 ’084.87%Q2 ’094.36%Q2 ’10-8%+2%

Non-interest income vs. expense

3.17%Q2 ’083.32%Q2 ’094.13%Q2 ’10+24%+16%

Executive Summary

  • Earnings: ROA of -4.45%, down 305 bps year over year; NIM at 2.69%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.30%.
  • Funding: loans stand at 83.00% of deposits as of Q2 2010.

Financial Results

Return on Assets (YTD, annualized)

-4.45%-305 bps YoY

Net Interest Margin (YTD, annualized)

2.69%+5 bps YoY

Efficiency Ratio (YTD, annualized)

141.49%+1,422 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets-1.40%-1.59%-4.97%-6.52%-4.45%-305 bps
Return on Equity-18.77%-21.41%-72.65%-204%-158.96%-14,020 bps
Net Interest Margin2.64%2.71%2.84%2.47%2.69%+5 bps
Efficiency Ratio127.27%123.11%135.79%145.05%141.49%+1,422 bps
Non-Interest Burden3.35%3.36%3.86%3.77%3.90%+55 bps
Growth
Asset Growth (YoY)-2.87%-5.73%-19.02%-23.26%-24.92%-2,204 bps
Loan Growth (YoY)-5.52%-7.34%-12.39%-15.73%-18.21%-1,268 bps
Deposit Growth (YoY)-1.06%-4.21%-15.88%-20.12%-22.07%-2,100 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.27%2.65%4.85%4.83%3.30%+102 bps
Allowance / Loans1.50%1.50%3.64%4.33%4.71%+321 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 Capital11.39%10.61%6.47%4.58%3.98%-741 bps
Equity / Assets7.24%7.26%3.95%2.40%1.98%-526 bps
Liquidity & Funding
Loans / Deposits79.08%80.84%86.85%85.08%83.00%+392 bps
Liquid Assets / Assets0.16%0.17%0.05%0.05%0.09%-7 bps
CRE / Total Capitaln/an/an/an/an/an/an/a