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First State Bank

Sarasota, FL · Cert 27364

FDIC

Q2 2009

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 2009, the quarter ended June 30, 2009, 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

First State Bank

Sarasota, FL · Cert 27364

FDIC

Q2 2009

$447.7MAssets
$362.8MLoans
$394.7MDeposits
$5.5MEquity
Loan mix
79%RE $223.6M21%C&I $58.6M0%Consumer $0.0MQ2 2008Q2 2009
Deposit mix
94%Interest-bearing $370.6M6%Noninterest $24.1MQ2 2008Q2 2009

NIM

7.88%Q2 ’076.60%Q2 ’085.16%Q2 ’09-29%-38%

Non-interest income vs. expense

2.67%Q2 ’072.80%Q2 ’083.26%Q2 ’09+7%+25%

Executive Summary

  • Earnings: ROA of -9.97%, down 858 bps year over year; NIM at 1.82%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 10.69%.
  • Funding: loans stand at 91.92% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

-9.97%-858 bps YoY

Net Interest Margin (YTD, annualized)

1.82%-110 bps YoY

Efficiency Ratio (YTD, annualized)

162.64%+7,686 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-1.39%-1.85%-4.41%-14.43%-9.97%-858 bps
Return on Equity-13.94%-19.15%-49.41%-331%-300%-28,620 bps
Net Interest Margin2.92%2.81%2.60%1.74%1.82%-110 bps
Efficiency Ratio85.78%90.32%99.09%150.79%162.64%+7,686 bps
Non-Interest Burden2.45%2.51%2.57%2.75%3.07%+62 bps
Growth
Asset Growth (YoY)4.33%0.38%-2.43%-6.18%-5.00%-933 bps
Loan Growth (YoY)-5.22%-5.43%-4.00%-8.70%-5.08%+14 bps
Deposit Growth (YoY)-3.12%-8.84%-6.94%1.11%6.44%+957 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.14%1.30%2.43%21.72%10.69%+955 bps
Allowance / Loans3.16%3.80%5.34%4.64%5.90%+274 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 Capital12.48%11.44%8.07%4.25%2.67%-981 bps
Equity / Assets9.35%8.62%6.00%2.62%1.23%-812 bps
Liquidity & Funding
Loans / Deposits103.08%109.02%105.14%94.22%91.92%-1,116 bps
Liquid Assets / Assets0.04%0.06%0.05%0.29%0.19%+15 bps
CRE / Total Capitaln/an/an/an/an/an/an/a