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Pointe Bank

Boca Raton, FL · Cert 27549

FDIC

Q1 2005

$428.0MAssets
$304.8MLoans
$317.5MDeposits
$35.9MEquity
Loan mix
74%RE $127.7M24%C&I $41.8M2%Consumer $3.9MQ1 2004Q1 2005
Deposit mix
67%Interest-bearing $212.2M33%Noninterest $105.3MQ1 2004Q1 2005

NIM

5.59%Q1 ’035.49%Q1 ’045.60%Q1 ’05+11%0%

Non-interest income vs. expense

3.76%Q1 ’033.67%Q1 ’043.29%Q1 ’05-13%+5%

Executive Summary

  • Earnings: ROA of 1.07%, up 2 bps year over year; NIM at 4.23%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 96.00% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

1.07%+2 bps YoY

Net Interest Margin (quarter, annualized)

4.23%-1 bps YoY

Efficiency Ratio (quarter, annualized)

66.39%-56 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets1.06%1.08%0.99%0.84%1.07%+2 bps
Return on Equity11.68%12.16%11.73%10.11%12.63%+95 bps
Net Interest Margin4.24%4.26%4.25%4.00%4.23%-1 bps
Efficiency Ratio66.95%66.80%67.52%71.89%66.39%-56 bps
Non-Interest Burden2.53%2.64%2.70%2.75%2.65%+12 bps
Growth
Asset Growth (YoY)12.38%13.91%22.95%18.62%14.66%+228 bps
Loan Growth (YoY)18.68%17.99%11.44%11.90%16.95%-173 bps
Deposit Growth (YoY)14.25%13.80%22.31%17.21%8.66%-559 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.52%-0.03%-0.04%0.01%+2 bps
Allowance / Loans1.36%1.18%1.19%1.17%1.10%-26 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 Capital12.11%11.83%11.58%12.02%11.82%-29 bps
Equity / Assets8.89%8.85%8.11%8.60%8.38%-51 bps
Liquidity & Funding
Loans / Deposits89.20%96.85%87.30%91.51%96.00%+681 bps
Liquid Assets / Assets7.04%0.58%7.64%0.00%0.00%-703 bps
CRE / Total Capitaln/an/an/an/an/an/an/a