PackageTrendsPeer
Letter portraitLegal landscape

Madison Bank

Palm Harbor, FL · Cert 32408

FDIC

Q2 2004

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: Q2 2004, the quarter ended June 30, 2004, 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

Madison Bank

Palm Harbor, FL · Cert 32408

FDIC

Q2 2004

$225.8MAssets
$187.1MLoans
$185.7MDeposits
$19.8MEquity
Loan mix
75%RE $36.9M24%C&I $12.0M0%Consumer $0.1MQ2 2003Q2 2004
Deposit mix
84%Interest-bearing $155.5M16%Noninterest $30.2MQ2 2003Q2 2004

NIM

6.40%Q2 ’026.26%Q2 ’035.51%Q2 ’04+8%-9%

Non-interest income vs. expense

2.60%Q2 ’023.17%Q2 ’032.69%Q2 ’04+1%-1%

Executive Summary

  • Earnings: ROA of 1.06%, down 5 bps year over year; NIM at 3.87%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 100.75% of deposits as of Q2 2004.

Financial Results

Return on Assets (YTD, annualized)

1.06%-5 bps YoY

Net Interest Margin (YTD, annualized)

3.87%-36 bps YoY

Efficiency Ratio (YTD, annualized)

61.08%+36 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets1.10%1.13%1.17%0.94%1.06%-5 bps
Return on Equity12.67%12.89%13.22%10.54%11.87%-79 bps
Net Interest Margin4.23%4.14%4.13%3.95%3.87%-36 bps
Efficiency Ratio60.71%60.30%59.26%63.95%61.08%+36 bps
Non-Interest Burden2.18%2.10%2.08%2.36%2.15%-3 bps
Growth
Asset Growth (YoY)3.84%-3.45%5.57%11.77%14.69%+1,084 bps
Loan Growth (YoY)9.29%5.16%11.04%9.80%12.83%+354 bps
Deposit Growth (YoY)-2.35%-10.41%-4.48%10.46%17.45%+1,980 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.00%0.01%0.01%0.01%+1 bps
Allowance / Loans1.39%1.43%1.42%1.37%1.32%-8 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 Capital11.01%11.12%11.38%11.10%10.96%-4 bps
Equity / Assets8.79%9.02%9.03%8.86%8.79%-1 bps
Liquidity & Funding
Loans / Deposits104.88%107.23%108.67%102.24%100.75%-413 bps
Liquid Assets / Assets0.02%0.03%0.10%0.16%2.24%+222 bps
CRE / Total Capitaln/an/an/an/an/an/an/a