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Bankatlantic

Fort Lauderdale, FL · Cert 30559

FDIC

Q2 2012

$3.8BAssets
$2.3BLoans
$3.5BDeposits
$280.4MEquity
Loan mix
91%RE $1.9B8%C&I $0.2B1%Consumer $0.0BQ2 2011Q2 2012
Deposit mix
73%Interest-bearing $2.5B27%Noninterest $0.9BQ2 2011Q2 2012

NIM

3.08%Q1 ’122.65%Q2 ’12-16%

Non-interest income vs. expense

4.24%Q1 ’123.78%Q2 ’12-5%

Executive Summary

  • Earnings: ROA of -0.59%, down 125 bps year over year; NIM at 2.31%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.67%.
  • Funding: loans stand at 66.92% of deposits as of Q2 2012.

Financial Results

Return on Assets (quarter, annualized)

-0.59%-125 bps YoY

Net Interest Margin (quarter, annualized)

2.31%

Efficiency Ratio (quarter, annualized)

98.13%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets0.66%0.20%-0.06%-0.53%-0.59%-125 bps
Return on Equityn/an/an/an/a-7.96%n/an/a
Net Interest Marginn/an/an/a2.74%2.31%n/a
Efficiency Ration/an/an/a91.06%98.13%n/a
Non-Interest Burdenn/an/an/a2.35%2.24%n/a
Growth
Asset Growth (YoY)-16.91%-17.35%-18.38%-13.64%-0.62%+1,630 bps
Loan Growth (YoY)-20.96%-20.67%-18.59%-16.35%-16.48%+448 bps
Deposit Growth (YoY)-14.06%-13.42%-15.65%-13.87%0.33%+1,439 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/a13.54%1.67%n/a
Allowance / Loansn/an/an/a2.57%2.58%n/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/a15.77%16.28%n/a
Equity / Assetsn/an/an/a7.48%7.36%n/a
Liquidity & Funding
Loans / Deposits80.39%78.88%77.09%70.83%66.92%-1,347 bps
Liquid Assets / Assets0.00%0.00%0.00%26.35%30.19%+3,019 bps
CRE / Total Capitaln/an/an/an/an/an/an/a