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Letter portraitLegal landscapeQuarterYTD

Republic Security Bank

West Palm Beach, FL · Cert 32254

FDIC

Q2 2001

$2.6BAssets
$1.9BLoans
$1.9BDeposits
$452.9MEquity
Deposit mix
82%Interest-bearing $1.6B18%Noninterest $0.4BQ2 2000Q2 2001

NIM

2.22%Q1 ’016.14%Q2 ’01+222%

Non-interest income vs. expense

1.02%Q1 ’013.32%Q2 ’01+215%

Executive Summary

  • Earnings: ROA of 0.49%, down 34 bps year over year; NIM at 2.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.73%.
  • Funding: loans stand at 97.55% of deposits as of Q2 2001.

Financial Results

Return on Assets (quarter, annualized)

0.49%-34 bps YoY

Net Interest Margin (quarter, annualized)

2.92%

Efficiency Ratio (quarter, annualized)

80.75%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2000Q3 2000Q4 2000Q1 2001Q2 2001YoY ΔTrend
Earnings
Return on Assets0.83%0.75%0.72%0.22%0.49%-34 bps
Return on Equityn/an/an/an/a3.00%n/an/a
Net Interest Marginn/an/an/a0.91%2.92%n/a
Efficiency Ration/an/an/a81.41%80.75%n/a
Non-Interest Burdenn/an/an/a0.68%2.13%n/a
Growth
Asset Growth (YoY)9.79%11.41%-1.93%-11.96%-21.74%-3,153 bps
Loan Growth (YoY)9.71%9.75%8.33%4.56%-6.53%-1,624 bps
Deposit Growth (YoY)-12.29%-6.05%-0.79%-0.79%-2.37%+992 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/a0.13%0.73%n/a
Allowance / Loansn/an/an/a1.25%1.21%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/a11.16%12.27%n/a
Equity / Assetsn/an/an/a15.81%17.16%n/a
Liquidity & Funding
Loans / Deposits101.89%99.59%98.44%98.80%97.55%-434 bps
Liquid Assets / Assets0.00%0.00%0.00%0.52%0.66%+66 bps
CRE / Total Capitaln/an/an/an/an/an/an/a