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American Bank

Bradenton, FL · Cert 27501

FDIC

Q2 2004

$910.4MAssets
$624.3MLoans
$659.4MDeposits
$62.4MEquity
Loan mix
57%RE $82.9M42%C&I $61.9M1%Consumer $1.0MQ2 2003Q2 2004
Deposit mix
85%Interest-bearing $561.2M15%Noninterest $98.2MQ2 2003Q2 2004

NIM

6.16%Q2 ’025.17%Q2 ’034.70%Q2 ’04-7%+0%

Non-interest income vs. expense

2.22%Q2 ’022.64%Q2 ’032.28%Q2 ’04+36%-26%

Executive Summary

  • Earnings: ROA of 0.97%, up 24 bps year over year; NIM at 2.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.11%.
  • Funding: loans stand at 94.68% of deposits as of Q2 2004.

Financial Results

Return on Assets (quarter, annualized)

0.97%+24 bps YoY

Net Interest Margin (quarter, annualized)

2.92%0 bps YoY

Efficiency Ratio (quarter, annualized)

58.50%-1,103 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets0.73%0.66%0.77%0.75%0.97%+24 bps
Return on Equity10.17%9.39%11.00%10.71%14.04%+387 bps
Net Interest Margin2.92%2.79%3.26%3.06%2.92%0 bps
Efficiency Ratio69.52%67.72%63.45%64.01%58.50%-1,103 bps
Non-Interest Burden1.76%1.59%1.76%1.68%1.30%-46 bps
Growth
Asset Growth (YoY)26.20%21.89%23.97%19.85%14.90%-1,130 bps
Loan Growth (YoY)24.54%24.37%26.13%21.75%19.80%-474 bps
Deposit Growth (YoY)20.80%14.94%20.37%26.13%17.33%-348 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.08%0.12%0.35%0.15%0.11%+2 bps
Allowance / Loans1.00%1.00%0.98%0.99%0.98%-2 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 Capital10.31%10.24%10.04%10.22%10.25%-6 bps
Equity / Assets7.10%7.04%6.96%6.96%6.86%-24 bps
Liquidity & Funding
Loans / Deposits92.72%97.74%96.18%91.54%94.68%+196 bps
Liquid Assets / Assets5.27%5.26%4.35%4.39%10.04%+478 bps
CRE / Total Capitaln/an/an/an/an/an/an/a