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 $0.0BQ3 2005Q2 2007
Deposit mix
86%Interest-bearing $3.1B14%Noninterest $0.5BQ3 2005Q2 2007

Executive Summary

  • Earnings: ROA of 0.75%, down 10 bps year over year; NIM at 2.87%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.31%.
  • Funding: loans stand at 110.28% of deposits as of Q2 2007.

Return on Assets (YTD, annualized)

0.75%-10 bps YoY

Net Interest Margin (YTD, annualized)

2.87%-9 bps YoY

Efficiency Ratio (YTD, annualized)

60.25%-30 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.65%Q2 ’055.70%Q2 ’066.17%Q2 ’070%-3%

Non-interest income vs. expense

1.94%Q2 ’052.24%Q2 ’062.37%Q2 ’07+11%-11%

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets0.88%0.76%0.87%0.86%0.90%0.91%0.67%0.75%-10 bps
Return on Equity6.35%5.49%6.13%6.03%6.28%6.25%4.33%4.97%-106 bps
Net Interest Margin2.88%2.93%2.99%2.96%3.04%3.00%2.88%2.87%-9 bps
Efficiency Ratio56.38%57.57%59.93%60.55%58.39%58.89%63.17%60.25%-30 bps
Non-Interest Burden1.48%1.53%1.59%1.63%1.58%1.55%1.57%1.46%-18 bps
Growth
Asset Growth (YoY)18.65%16.92%6.57%1.67%-2.52%-1.15%-1.64%-2.47%-414 bps
Loan Growth (YoY)20.34%21.13%20.51%3.43%1.26%1.07%-0.14%6.60%+317 bps
Deposit Growth (YoY)17.78%19.79%13.74%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.11%0.13%0.05%0.23%0.19%0.22%0.44%0.31%+8 bps
Allowance / Loans1.13%1.13%1.12%1.05%1.07%1.07%1.06%1.09%+4 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital10.67%10.67%10.86%10.97%11.81%12.03%12.30%11.42%+46 bps
Equity / Assets13.94%14.18%14.24%14.13%15.14%15.29%15.50%14.59%+46 bps
Liquidity & Funding
Loans / Deposits104.20%106.13%109.98%105.79%106.13%105.17%104.58%110.28%+449 bps
Liquid Assets / Assets0.19%0.25%0.16%0.13%0.01%0.02%0.05%0.01%-12 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a