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First Bank of Jacksonville

Jacksonville, FL · Cert 27573

FDIC

Q3 2010

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2010, the quarter ended September 30, 2010, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First Bank of Jacksonville

Jacksonville, FL · Cert 27573

FDIC

Q3 2010

$73.9MAssets
$54.0MLoans
$72.2MDeposits
$-1303KEquity
Loan mix
94%RE $39.5M5%C&I $2.0M1%Consumer $0.4MQ3 2009Q3 2010
Deposit mix
93%Interest-bearing $67.4M7%Noninterest $4.8MQ3 2009Q3 2010

NIM

6.34%Q3 ’085.41%Q3 ’094.51%Q3 ’10-7%-8%

Non-interest income vs. expense

3.26%Q3 ’084.47%Q3 ’094.62%Q3 ’10+41%+70%

Executive Summary

  • Earnings: ROA of -10.24%, down 880 bps year over year; NIM at 2.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 6.34%.
  • Funding: loans stand at 74.84% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

-10.24%-880 bps YoY

Net Interest Margin (YTD, annualized)

2.85%-24 bps YoY

Efficiency Ratio (YTD, annualized)

5306%+516,718 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-1.44%-4.53%-10.03%-10.19%-10.24%-880 bps
Return on Equity-17.34%-57.47%-216%-300%-465%-44,766 bps
Net Interest Margin3.10%3.10%2.91%2.76%2.85%-24 bps
Efficiency Ratio138.59%148.84%504%6058%5306%+516,718 bps
Non-Interest Burden4.34%4.41%6.17%7.19%7.39%+305 bps
Growth
Asset Growth (YoY)-7.50%-18.63%-12.59%-13.33%-18.73%-1,123 bps
Loan Growth (YoY)-13.50%-16.81%-18.00%-19.09%-18.94%-544 bps
Deposit Growth (YoY)-7.90%-17.44%-8.79%-5.95%-9.79%-189 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.51%5.56%3.40%6.68%6.34%+183 bps
Allowance / Loans1.60%2.10%3.65%3.09%4.04%+244 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 Capital11.02%8.85%5.77%2.41%-2.38%-1,340 bps
Equity / Assets8.80%6.06%3.32%0.83%-1.76%-1,057 bps
Liquidity & Funding
Loans / Deposits83.29%85.95%75.64%73.39%74.84%-845 bps
Liquid Assets / Assets0.05%0.03%0.04%0.04%0.06%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a