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Encore Bank, National Association

Naples, FL · Cert 30297

FDIC

Q1 2007

$1.3BAssets
$978.8MLoans
$998.9MDeposits
$126.8MEquity
Loan mix
85%RE $718.7M13%C&I $112.8M2%Consumer $12.7MQ1 2006Q1 2007
Deposit mix
89%Interest-bearing $884.9M11%Noninterest $114.0MQ1 2006Q1 2007

NIM

Non-interest income vs. expense

Executive Summary

  • Earnings: ROA of 0.62%, down 19 bps year over year; NIM at 2.48%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Funding: loans stand at 97.98% of deposits as of Q1 2007.

Financial Results

Return on Assets (quarter, annualized)

0.62%-19 bps YoY

Net Interest Margin (quarter, annualized)

2.48%

Efficiency Ratio (quarter, annualized)

73.59%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets0.82%0.82%0.77%0.72%0.62%-19 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/an/an/an/a2.48%n/an/a
Efficiency Ration/an/an/an/a73.59%n/an/a
Non-Interest Burdenn/an/an/an/a1.20%n/an/a
Growth
Asset Growth (YoY)4.82%1.41%-0.41%1.54%-2.72%-754 bps
Loan Growth (YoY)14.68%8.08%8.25%10.70%11.85%-283 bps
Deposit Growth (YoY)13.17%14.75%19.47%26.30%19.70%+653 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/a0.07%n/an/a
Allowance / Loansn/an/an/an/a1.00%n/an/a
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 Capitaln/an/an/an/a11.14%n/an/a
Equity / Assetsn/an/an/an/a9.81%n/an/a
Liquidity & Funding
Loans / Deposits104.86%98.99%95.43%92.74%97.98%-687 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%12.73%+1,273 bps
CRE / Total Capitaln/an/an/an/an/an/an/a