PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Citrus Bank

Orlando, FL · Cert 27515

FDIC

Q2 2007

$5.7BAssets
$4.0BLoans
$3.7BDeposits
$825.6MEquity
Loan mix
70%RE $1.6B29%C&I $0.7B0%Consumer $0.0BQ2 2006Q2 2007
Deposit mix
86%Interest-bearing $3.1B14%Noninterest $0.5BQ2 2006Q2 2007

NIM

4.95%Q2 ’055.87%Q2 ’066.26%Q2 ’07-5%-2%

Non-interest income vs. expense

2.12%Q2 ’052.20%Q2 ’062.32%Q2 ’07+8%-20%

Executive Summary

  • Earnings: ROA of 0.84%, down 1 bps year over year; NIM at 2.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.18%.
  • Funding: loans stand at 110.28% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

0.84%-1 bps YoY

Net Interest Margin (quarter, annualized)

2.89%-6 bps YoY

Efficiency Ratio (quarter, annualized)

57.43%-378 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets0.84%0.99%0.94%0.67%0.84%-1 bps
Return on Equity5.93%6.79%6.17%4.33%5.56%-37 bps
Net Interest Margin2.95%2.99%2.95%2.88%2.89%-6 bps
Efficiency Ratio61.22%54.18%60.34%63.17%57.43%-378 bps
Non-Interest Burden1.69%1.35%1.51%1.57%1.36%-34 bps
Growth
Asset Growth (YoY)1.67%-2.52%-1.15%-1.64%-2.47%-414 bps
Loan Growth (YoY)3.43%1.26%1.07%-0.14%6.60%+317 bps
Deposit Growth (YoY)0.35%-0.58%2.00%5.02%2.25%+191 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.40%0.12%0.34%0.44%0.18%-22 bps
Allowance / Loans1.05%1.07%1.07%1.06%1.09%+4 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 Capital10.97%11.81%12.03%12.30%11.42%+46 bps
Equity / Assets14.13%15.14%15.29%15.50%14.59%+46 bps
Liquidity & Funding
Loans / Deposits105.79%106.13%105.17%104.58%110.28%+449 bps
Liquid Assets / Assets0.13%0.01%0.02%0.05%0.01%-12 bps
CRE / Total Capitaln/an/an/an/an/an/an/a