PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Valrico State Bank

Valrico, FL · Cert 27536

FDIC

Q1 2012

$192.8MAssets
$101.4MLoans
$149.4MDeposits
$42.0MEquity
Loan mix
93%RE $62.0M5%C&I $3.5M2%Consumer $1.4MQ1 2011Q1 2012
Deposit mix
79%Interest-bearing $118.4M21%Noninterest $31.0MQ1 2011Q1 2012

NIM

4.60%Q1 ’103.58%Q1 ’113.64%Q1 ’12-20%+9%

Non-interest income vs. expense

3.44%Q1 ’103.88%Q1 ’112.69%Q1 ’12+61%-45%

Executive Summary

  • Earnings: ROA of 0.85%, up 228 bps year over year; NIM at 3.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.14%.
  • Funding: loans stand at 67.86% of deposits as of Q1 2012.

Financial Results

Return on Assets (quarter, annualized)

0.85%+228 bps YoY

Net Interest Margin (quarter, annualized)

3.18%+27 bps YoY

Efficiency Ratio (quarter, annualized)

64.44%-4,634 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2011Q2 2011Q3 2011Q4 2011Q1 2012YoY ΔTrend
Earnings
Return on Assets-1.44%0.08%0.31%-0.05%0.85%+228 bps
Return on Equity-6.50%0.38%1.38%-0.22%3.84%+1,034 bps
Net Interest Margin2.91%3.45%3.27%3.24%3.18%+27 bps
Efficiency Ratio110.77%88.72%81.83%83.91%64.44%-4,634 bps
Non-Interest Burden3.39%3.07%2.59%2.66%1.88%-152 bps
Growth
Asset Growth (YoY)-6.73%-9.42%-4.61%-5.25%2.55%+929 bps
Loan Growth (YoY)-2.87%-8.03%-10.16%-10.86%-15.33%-1,246 bps
Deposit Growth (YoY)-2.93%-6.44%-1.41%1.27%6.81%+974 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.64%6.24%3.59%1.89%0.14%-50 bps
Allowance / Loans4.29%3.19%2.60%2.42%2.49%-180 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 Capital17.31%18.20%19.25%17.87%18.89%+159 bps
Equity / Assets22.47%22.49%22.47%22.32%21.79%-68 bps
Liquidity & Funding
Loans / Deposits85.60%79.52%75.16%73.82%67.86%-1,775 bps
Liquid Assets / Assets1.46%1.95%2.15%1.36%1.71%+25 bps
CRE / Total Capitaln/an/an/an/an/an/an/a